Compliance Analyst Sr

The Senior Compliance Analyst plays a key role in the Legal department, which works in partnership with business and corporate units across the organization to ensure compliance with applicable laws and regulations, influence pending regulatory and legislative matters, make regulatory filings, and coordinate Department of Insurance inquiries and market conduct examinations. With minimal supervision, works with other Legal/Compliance staff and the VP of Legal in carrying out the day-to-day activities of the department to ensure compliance and respond effectively to regulatory and legislative actions. 

Essential Functions 

• Lead preparation of regulatory product filings (forms, rates and rules) and submit through SERFF as required.
• Record, analyze, distribute, and respond to consumer complaints from state insurance departments and other regulatory authorities. Prepare periodic consumer complaint reports as requested by the VP of Legal.
• Respond timely to state data calls, including coordination with technical personnel, managing general agents and state regulators.
• Prepare and submit annual Market Conduct Annual Statement.
• Analyze and advise GeoVera Nova business units and managing general agents on regulatory requirements necessary to comply with applicable laws, rules and regulations.
• Analyze issues on complex filings to achieve approvals on a timely basis.
• Handle internal regulatory compliance audit responsibilities, which focus on underwriting, claims and customer service processes and controls in order to minimize compliance risks. 
• Monitor admitted product regulatory requirements to ensure compliance.
• Respond to market conduct examinations in collaboration with the VP of Legal.
• Research and report on legislative actions as to their impact on business and operations. Work with management to ensure timely implementation.
• Oversee compliance with surplus lines eligibility requirements and filings 
• May perform other related duties and special projects as assigned or requested to help carry out the company’s mission and strategic goals and objectives.

Minimum Requirements 

Education, training, and experience:

• Bachelor’s Degree in related field and/or equivalent combination of High School Diploma/GED, training and work experience.
• Minimum of 5 years as regulatory compliance analyst, preferably at a P&C insurance company or related function; will consider alternative related skills and experience, such as law degree, paralegal certificate, insurance certifications or other compliance designations.
• Demonstrated experience filing corporate amendments and expansion applications in compliance with NAIC UCAA standards.
• Proficiency in state data calls on P&C topics including catastrophe, rate filing and surplus lines premium.
• CPCU designation/related insurance coursework or paralegal certificate desirable.

Knowledge, skills, and abilities:

• Ability to work with minimal supervision in a team environment and to influence others to ensure timely and accurate responses to regulatory requirements. 
• Superior analytical, communication, and organization skills, including the ability to prepare persuasive correspondence to regulators and other external parties and to articulate complex issues in an understandable manner. 
• Ability to maintain confidentiality and work efficiently and accurately under frequent time pressures.
• Proficiency in the use of multiple word processing and PC-based software packages such as Word, Excel, PowerPoint, and SERFF. 
• Ability to work in a fast-paced working environment.
• Ability to take ownership, handle multiple tasks with accuracy, working independently to prioritize effectively and meet deadlines.
• Team-oriented; embody the GeoVera Nova Core Values of Teamwork, Trust, Integrity, Bias to Action, and Persistence.