What are the responsibilities and job description for the Regulatory Compliance Analyst position at Jewelers Mutual Group?
Summary
The Regulatory Compliance Analyst fulfills department responsibilities necessary to ensure regulatory compliance primarily in insurance policy form development, form and rate filing, and other regulatory compliance areas such as service contract filings. This role will also have responsibility to monitor industry and competitor filings to ensure JM is on level with the latest trends.
WHY Jewelers Mutual
We are a financially secure, exceptionally positioned, and intellectually curious company driven by our core values of Agility, Accountability and Relevancy! We continue to raise the tide of the jewelry industry we’ve served since 1913 through our innovative people, our unyielding customer commitment, and evolution of our products and services to be the most trusted advisor to all we serve.
With a generous benefits package, office locations throughout the United States, and a mantra of “making your mark today”, consider evolving your career and shining bright with Jewelers Mutual Group!
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Leadership Responsibilities
None
Qualifications
None
Physical Requirements
The Regulatory Compliance Analyst fulfills department responsibilities necessary to ensure regulatory compliance primarily in insurance policy form development, form and rate filing, and other regulatory compliance areas such as service contract filings. This role will also have responsibility to monitor industry and competitor filings to ensure JM is on level with the latest trends.
WHY Jewelers Mutual
We are a financially secure, exceptionally positioned, and intellectually curious company driven by our core values of Agility, Accountability and Relevancy! We continue to raise the tide of the jewelry industry we’ve served since 1913 through our innovative people, our unyielding customer commitment, and evolution of our products and services to be the most trusted advisor to all we serve.
With a generous benefits package, office locations throughout the United States, and a mantra of “making your mark today”, consider evolving your career and shining bright with Jewelers Mutual Group!
Essential Duties and Responsibilities include the following. Other duties may be assigned.
- Schedules and submits filing of new or revised forms/rates/rules with the appropriate regulatory agencies, using industry tools to determine current filing requirements for each state.
- Works with forms, product, and other specialists as needed to construct filing transmittal forms, memorandums, supporting documentation, and exhibits.
- Negotiates with state regulators for filing approval and tracks regulatory approvals.
- Works with forms analyst or other forms process representative(s) to implement new and updated forms. Assists and advises other departments with proposed projects regarding form language/conditions and the impact the proposed modification will have on filing requirements.
- Assists in the development of internal and external communication materials and procedures to introduce or update products.
- Identifies and communicates new or modified policy language, facilitates the establishment of the company position, and organizes implementation, as necessary.
- Research form-related and other assigned compliance issues and communicate findings to internal customers through clear reasoning and writing.
- Proactively volunteers, pioneers ideas, and accomplishes assignments within departmental and company projects, work teams, and committees. Compiles periodic project status reports orally to department staff. Prepares and presents written and oral reports or proposals to management as required.
- Monitors resources for state regulatory bulletins or notices and distributes the information to pertinent individuals. Maintains awareness of current events and industry topics in paper or electronic format. Periodically evaluates and assesses Jewelers Mutual programs to ensure state regulatory compliance.
- Research regulatory implications of new products in conjunction with our regulatory and legal group.
- Responsible for service contract forms and renewals.
Leadership Responsibilities
None
Qualifications
- Bachelor's degree required
- Must have a minimum of two years of related experience
- An equivalent combination of education and/or experience may be considered
- Creative, detail-oriented, and able to work both independently and as a team member
- Must have strong analytical skills and personal judgment to plan and establish goals and adjust timeframes as necessary
- Ability to prioritize work independently using project management techniques.
- Knowledge of property and casualty insurance coverages.
- Represent Company at professional seminars or workshops.
- Actively pursue continuing relevant education and/or professional designations, such as CPCU, Associate in Regulation and Compliance , or Program in General Insurance
- Understand the regulatory requirements of the insurance industry and their impact on the role.
None
Physical Requirements
- Prolonged periods sitting at a desk and working on a computer.
- Occasionally required to stand; walk; use hands to finger, handle, or touch objects or controls; and talk or hear.
