Overview
The organization is seeking a highly motivated compliance professional with approximately five years of relevant experience (or equivalent) to support a growing Employee Benefits Division. A Juris Doctor (J.D.) is required due to the significant legal and regulatory analysis involved in the role.
This position serves as a key compliance/regulatory advisor supporting statutory state Paid Family & Medical Leave (PFML) private plan insurance products, as well as other group employee benefits products including life insurance, accidental death & dismemberment (ad&d), disability, dental, and supplemental health. The role partners closely with Product, Operations, Claims, Underwriting, Actuarial, Distribution, and other Compliance/Legal stakeholders to identify regulatory requirements, assess compliance and regulatory risks, support product development and operational initiatives, and help ensure ongoing compliance with applicable state and federal laws and regulations.
Responsibilities
- Monitor, analyze, and interpret state and federal laws, regulations, and regulatory guidance impacting statutory PFML, disability, and other employee benefits products.
- Provide regulatory and compliance guidance to business stakeholders regarding product, operational, claims, distribution, and implementation matters.
- Support the development, launch, and ongoing administration of employee benefits products, including PFML, disability, and other group insurance offerings.
- Review policy forms, certificates, riders, marketing materials, training materials, and business processes for compliance with applicable legal and regulatory requirements.
- Conduct regulatory research and support insurance department filings and reporting, regulatory inquiries, examinations, complaints, claim appeals, arbitrations, and other regulatory matters.
- Partner with cross-functional teams to identify compliance risks and develop practical business solutions.
- Serve as the Compliance representative on cross-functional projects, strategic initiatives, and product development efforts.
- Develop and deliver training, guidance, and educational materials regarding regulatory requirements and emerging compliance issues affecting employee benefits products.
- Monitor legislative and regulatory developments through trade associations and prepare impact assessments and recommendations for business stakeholders.
- Support the development and maintenance of compliance policies, procedures, controls, and governance processes designed to promote regulatory compliance and effective risk management.
Requirements
- Juris Doctor (J.D.) from an accredited law school.
- Licensed and in good standing in at least one U.S. jurisdiction.
- Approximately five years of relevant professional experience (or equivalent).
- Strong legal research, analytical, issue-spotting, and problem-solving skills.
- Excellent written and verbal communication skills, including the ability to translate complex legal and regulatory requirements into practical business guidance.
- Demonstrated ability to work effectively with cross-functional stakeholders, learn new subject matter quickly, and manage multiple priorities in a fast-paced environment.
Preferred Qualifications
- Meaningful experience supporting employee benefits products, including statutory PFML, disability insurance, group insurance, leave management, accident and health insurance, or related employee benefits products.
- Insurance industry experience, with experience at an insurance carrier or law firm practice focused on insurance regulatory matters. Insurance litigation experience alone may not qualify.
- Experience interpreting and applying state and federal insurance laws and regulations and providing compliance, regulatory, or legal guidance in support of insurance products and business operations.
Compensation & Benefits
Employee benefits include:
- Comprehensive health, dental, and vision insurance
- Mental health benefits and an employee assistance program
- Paid time off benefits, including paid time off, paid parental leave, short-term disability, and a cultural observance day
- Contributions to healthcare accounts
- Pension plan
- 401(k) plan with matching
- Access to programs supporting employee wellbeing and cash rewards (eligibility for certain benefits may vary by position according to plan terms)
Location
Location not specified in the provided job description.
Accommodations for Applicants with a Disability
If you require an accommodation to complete the application and recruitment process due to a disability, contact the organization’s designated accommodations process. General employment questions should not be sent through this accommodations process.
Equal Opportunity
The organization is an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.