Annuity Compliance Lead or Senior Compliance Analyst: Des Moines, IA

February 5, 2024 by Virtual Career Fair

Job Summary:

The Annuity Compliance Lead or Senior Compliance Analyst is responsible for managing our annuity compliance programs, including annuity suitability; researching and analyzing related legislation and regulations; and drafting and administering related compliance policies and procedures.

Position level will be determined based on skills, knowledge, and experience.

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Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Annuity Compliance Lead

Senior Compliance Analyst

• Develop and administer assigned annuity compliance programs to ensure compliance with applicable federal and state regulatory and statutory requirements.
• Support development of and administer assigned annuity compliance programs to ensure compliance with applicable federal and state regulatory and statutory requirements.
• Develop and review corporate policies, procedures, and processes for compliance with applicable federal and state regulatory and statutory requirements.
• Review corporate policies, procedures, and processes for compliance with applicable federal and state regulatory and statutory requirements.
• Collaborate cross-functionally with other departments and third parties on suitability review, training, reporting, monitoring, audits, management, and program enhancement.
• Collaborate cross-functionally with other departments and third parties on suitability reviews, training, reporting, monitoring, audits, management, and program enhancement.
• Research and analyze statutes, regulations, and case law to communicate trends and action plans to leaders and impacted business units. Research and analyze trade association and department of insurance publications.
• Assist in researching and analyzing statutes, regulations, and case law to communicate trends and action plans to leaders and impacted business units. Assist in researching trade association and department of insurance publications.
• File product forms and rates as needed.
• File product forms and rates as needed.
• Consult, educate, and provide guidance and support to business units on annuity compliance policies, standards, requirements, and activities.
• Consult, educate, and provide guidance and support to business units on annuity compliance policies, standards, requirements, and activities.
• Prepare and file periodic reports to maintain compliance with various laws. Prepare insurance department reports and may be responsible for corporate reporting.
• Prepare and file periodic reports to maintain compliance with various laws. Prepare insurance department reports and may be responsible for corporate reporting.
• Respond or assist with responses to Department of Insurance complaints, grievances, appeals, and consumer complaints.
• Assist with responses to Department of Insurance complaints, grievances, appeals, and consumer complaints.
• Research allegations, review policy language, and assist in responding to claims, new business, and customer service legal actions and complaints.
• Conduct preliminary research into allegations, policy language, and make recommendations to management regarding response to claims, new business, and customer service legal actions and complaints.
• Train, mentor, support, and develop any reporting compliance analysts by providing advice, coaching, and educational opportunities.
• Train, mentor, support, and develop less experienced compliance analysts by providing advice, coaching, and educational opportunities.

Performs Other Related Duties As Necessary Or Assigned.

SUCCESS PROFILE

Knowledge, Skills, And Abilities

• Demonstrate the Wellabe core competencies of change, communication, customer focus, financial acumen, innovation, teamwork, critical thinking, and decision making. For a full description of each competency, please visit wellabe.com/core-competencies.
• Embrace and foster a diverse and inclusive culture that aligns with our commitment to THRIVE together. Toolkit: We are building resources for employee reference, including a diversity driven book club, leadership training, and a culture of betterment philosophy. Hear: Every employee has a voice. We listen with attention to gain knowledge and to understand. Respect: We empower people by respecting and appreciating their differences. Inclusion: We support a collaborative workforce that promotes belonging and respect that increases participation and contribution from all employees. Value: All employees are appreciated for their uniqueness. Equity: For all.
• Demonstrate an Agile mindset* of trust, teamwork, and transparency and capability to implement agile tools into daily work, allowing for quick adaption to change. (*An agile mindset is the set of attitudes supporting an agile working environment including trust, teamwork, transparency, respect, improvement, ongoing learning, pride in ownership, focus on delivering value, and the ability to adapt to change.)
• Embrace our culture of betterment, which surrounds the question: Does this decision fit with our mission and core values while enhancing the outcome for our customers, our business, and our associates.
• Advanced knowledge of the principles, processes, and practices related to legal and compliance functions.
• Strong verbal and written communication skills with the ability to respond effectively to both internal and external customers.
• Ability to establish effective relationships and gather information needed to meet customer expectations.
• Intermediate knowledge of MS Office Suite (Excel, Word, and PowerPoint).
• Advanced project and people management skills.

Education And Experience

Education

• Bachelor’s degree. Combination of education and/or relevant work experience may be accepted in lieu of degree.

Experience

• Senior Compliance Analyst: 3+ years of insurance compliance experience.
• Annuity Compliance Lead: 5+ years of insurance compliance experience.
• Previous annuity compliance experience required for both levels.

Travel Requirements

Travel Required?

Type

Percentage

Yes

Trainings/Seminars/Conferences

Minimal

Physical Requirements

• Primarily works in an office environment (or in-home office) performing work that is sedentary which involves remaining stationary and working on a computer for long periods of time
• Must be able to review, assess, and/or analyze data and figures by viewing a computer screen, including extensive reading.
• Regularly communicates with others in-person, via video conferencing, electronically (including email), or by phone to exchange accurate information.

This job description does not list all activities, duties, or responsibilities that may be required. The employee in this position may be assigned other duties at any time with or without notice.

This job description does not constitute a contract of employment and the company may exercise its employment-at-will rights at any time.

Originally Posted on February 2024 by Virtual Career Fair.