Compliance Specialist II

Compliance Specialist II

Operating within the core values and operating principles of the Company, the Compliance Specialist II provides support to the development and ongoing administration of a compliance process that will allow AAA Life to sell life, accident, and health insurance products in all necessary states.

Responsibilities

• Participates in and supports corporate strategic projects. Provides research, support and ongoing awareness of compliance issues that arise in project implementation.
• Prepares compliance reports for management. Assist in the preparation of compliance reports for the Board of Directors.
• Research and evaluate state and federal insurance laws to implement appropriate procedures for home office, clubs, and agents to assure the Company and Clubs are in compliance in all states.
• Develops strategies and tools to improve compliance within Company.
• Coordinates company efforts to maintain best practices and stays abreast of Compliance and Ethics Forum for Life Insurers (CEFLI) recommendations.
• Establishes or recommends appropriate procedures for Compliance and other AAA Life departments, to ensure that such procedures support the principles and the ethics espoused by CEFLI.
• Provides training and guidance to more junior staff.
• Specific duties may include any of the following:
  • Working with policy owners and various business units to assess complex compliance issues and determine appropriate solutions.
  • Drafting compliance communications.
  • Researching and coordinating the resolution of customer complaints.
  • Reviewing marketing materials, policy forms, business communications and business processes for compliance.
  • Drafting or filing policy forms or advertising.
  • Creating compliance trainings, as needed.
  • Leading or assisting with projects or tasks to conserve business and increase persistency.

Qualifications

• Bachelor's degree or equivalent experience required.
• Minimum of two (2) years' experience required in the Compliance, Internal Audit, or Legal Department of an insurance or financial services company.
• Completion of LOMA courses 1, 2 and 3 required within 24 months of accepting position; AIRC designation preferred.
• Project management experience preferred.
• Strong analytical skills to review, interpret, and communicate regulatory requirements.
• Excellent communication skills to convey regulatory information to others both written and verbal.