Compliance Analyst

General:

Job Title: Compliance Analyst (Products & Filings)

Division: Compliance

Reports To: Compliance Manager

Key Relationships: Global compliance team and any other functions, business units, state insurance department personnel as may be required

Job Summary: Responsible for form and rate filings, including filing preparation, submission of filing, development of responses to state criticisms, and implementation of filing results, including system work and communication to IT and underwriting.

FLSA: Exempt

Key Responsibilities

This position involves the following major job functions, all of which would be performed under the supervision and direction of the Compliance Manager responsible for form and rate filings:

• Prepare form and rate filings, including without limitation, performing the following functions:

  • Format all forms to the extent necessary for preparation for filing;

  • Prepare cover letters, forms listings and other documentation needed for filing forms and/or rates using SERFF;

  • Set up filings in SERFF;

  • Submit filings for states assigned to Compliance Analyst.

• Implement form and rate filings, including without limitation, performing the following functions:

  • Prepare and disseminate filing status reports;

  • Prepare, submit, and verify the accuracy of approval processing forms following established procedures;

  • Document filings and prepare filings reports at the direction of the Compliance Manager.

• Prepare responses to state objections to filings within the time frames established by the applicable state regulators, including without limitation, performing the following functions:

  • Raise rate and form issues with the Compliance Manager and respond to these issues at his/her direction, including referring rate issues to the Company’s actuarial consultant, addressing clear cut forms issues and working with the Senior Regulatory Counsel, Regulatory Counsel and business/wordings partners on complex forms issues;

  • Research issues raised by regulators using NILS, and state department of insurance web sites, and other research tools available to the Regulatory and Products & Filings team;

  • Communicate issues in a clear and concise manner to business when needed, and obtain their input as needed to respond to state criticisms;

  • Communicate in a professional, clear and concise manner with state regulators regarding issues to filings.

• Provide support to I/T and Actuary via the rating pipeline to ensure that they are in compliance with the approved rating plans.

• Perform such other functions as directed by the Compliance Manager responsible for form and rate filings, and Senior Regulatory Counsel

General

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to: 

• Comply with Beazley procedures, policies and regulations including the code of conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Education and Qualifications

• Bachelor’s Degree or relevant insurance experience

• Experience in the submission of form and rate filings, with fluency using the I-File and SERFF systems

Skills and Abilities

• Attention to detail, organizational skills and ability to work on multiple tasks
• Ability to appreciate the importance of, track, and meet deadlines
• Excellent computer skills, proficient in MS Office

Knowledge and Experience

• Experience in commercial insurance preferable
• Understanding of the need for accurate and timely management information

Aptitude and Disposition

• Task focused, self-motivated and flexible
• Able to successfully interact with colleagues and external stakeholders
• Positive, enthusiastic and service oriented

Competencies

• Analytical thinking
• Customer focus
• Team working
• Detail oriented
• Problem solving
• Effective communicator

The rewards: 

• The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization

• Attractive base compensation and discretionary performance related annual bonus

• Competitively priced medical, dental and vision insurance

• Company paid life, and short- and long-term disability insurance

• 401(k) plan with 5% company match and immediate vesting

• 22 days annual PTO (full-time, prorated for 1st calendar year of employment), plus paid public holidays with the ability to flex the religious bank holidays to suit your religious beliefs. Additional PTO purchase is available up to a maximum of 5 days per calendar year.

• Up to $700 reimbursement towards home office setup

• Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance in support of your wellbeing

• The opportunity to save for, and purchase, shares of Beazley stock

• Six months fully paid parental leave, regardless of how you come to parenthood

• Company paid sabbatical up to 12 weeks after 10 years of continued service

• Support with exam/study leave and fees for relevant qualifications related to furthering education

• Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually

• Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business

Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $70,000.00 - $80,000.00 per year plus discretionary annual bonus. You will be able to discuss your salary expectations should you be contacted about this role.