Product Compliance Specialist

About The Job
We are looking for someone to join our high-performing, collaborative team of product compliance professionals. In this role you will review and analyze new regulations that impact our products, participate in drafting of new and revised products, review marketing materials for state laws and regulations, and participate in implementing new and revised products.

You'll leverage exposure to all of the products that the Company offers along with working with attorneys, actuaries, and product line partners to gain approval of our products that are ultimately sold by our Financial Representatives nationwide. Your ability to learn quickly, be detailed oriented, influence without authority and a desire to multi-task and do project management on a small-scale will set you up for success in this role and open the door to future career opportunities.

What You'll Do

• Determine and provide appropriate tools and services to support project leaders within the Product Compliance Division in the drafting and filing process of new and revised product forms and changes to existing forms by updating forms in the contract software.
• Analyze state submission requirements that are put forth in the Legacy and new SERFF platforms by creating the appropriate drafts for filing submissions.
• Determine the method of submission and the requirements necessary for submission of state-regulated forms to gain state approval consulting with project leaders within the Product Compliance Division.
• Submit all necessary components to state insurance departments in 51 jurisdictions including the Interstate Compact.
• Create, code, proof, document, maintain and organize company policies, contracts, forms, and all other necessary records such as state filing requirements and procedures, information used for research and historical purposes, and procedures driven by regulatory change.
• Review advertising pieces that require filing and provide feedback based on state requirements and consult with peers and other members of the Product Compliance Management team as needed.
• Review and verify replica policy requests to ensure they are correct, and if they are not correct, provide guidance and/or the correct policy pages.
• Use developed knowledge and skills to analyze state submission requirements (checklists, certifications, etc.) for electronic filings and determine the appropriate requirements for submission of state-regulated forms to gain state approval.
• Prepare company forms for production by naming components and uploading them to the company mainframe and the Factory platforms. Update and proof assembly instructions for changes as they occur and perform testing duties as requested.
• Develop final documentation of standard and state-specific company forms. Create and update electronic form repository to be used as a resource by internal company officials.
• Train new team members as needed. Document and maintain procedures for Product Compliance team to follow.
• Perform other miscellaneous duties and project work required to support the goals of the Product Compliance Division.

What You'll Bring To The Role

• Minimum Educational Requirements -High School Diploma
• 2 to 4 years of experience in company contract design and production demonstrating strengths in analytical, communications (oral and written) and technical skills.
• Proficient in Office Products, and word processing.

#LI-Onsite, #LI-Hybrid

Compensation Range:

Pay Range - Start:
$52,720.00

Pay Range - End:
$79,080.00

Geographic Specific Pay Structure:

Structure 110:

Structure 115:

We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!

Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.