Sr. Compliance Analyst

Company: UFG Insurance
Location: Cedar Rapids
Posted on: March 25, 2020

Job Description:

UFG offers you an award-winning workplace and a trustworthy, financially stable company. While we've always known our commitment to employees and financial stewardship, it is good to have others recognize our dedicated efforts. We've been named an Iowa Top Workplace by the Des Moines Register for four consecutive years, and included on Forbes' "America's Most Trustworthy Financial Companies" every year since 2014. Additionally, UFG is a super-regional property and casualty insurer rated "A" (Excellent) by A.M. Best Company. The Senior Compliance Analyst has an external focus as company representative communicating with government agencies and industry trade associations on legislative and regulatory developments. Responsible for providing consultative input to company leaders on legislative and regulatory issues and priorities. Responsible for processes and practices that ensure organizational compliance with governmental and industry regulatory requirements.

• Responsible in part for the development of programs, policies and practices which ensure the organization complies with federal, state, local, contractual and insurance carrier regulatory requirements.
• Coordinates key compliance functions affecting business units and underwriting operations, including consumer complaint handling oversight, coordination of and participation in market conduct examinations/regulatory reviews and external audits, communication and engagement with pertinent regulators, and collaboration with internal audit function.
• Proactively identifies compliance risks and issues and implements processes that improve Compliance objectives, some of which are based on findings of internal audits, Compliance reviews and assessments regulatory and market conduct examinations, investigations, changes and/or industry trends as appropriate.
• Tracks Compliance issues from initial discovery through closure or remediation.
• Evaluates and monitors new and changes to relevant laws and regulations. Leads the regulatory change process by evaluating the impact of these changes on filed forms and rates and communicating to the relevant business units any necessary actions to become and remain compliant.
• Communicates on Compliance matters within the department, other departments or outside parties, including regulators, trade groups and vendors.
• Reviews and assists with developing Corporate Underwriting Guidelines, and maintaining an up-to-date Underwriting Manual.Education:
  • Bachelor's degree in business administration, finance, insurance, risk management or equivalent field, or an equivalent combination of education and work experience in a related field.
  • Graduate degree in business administration, finance or an equivalent field helpful
  • Industry designation(s) such as ARC, AINS, AU, CPCU preferredExperience:
    • 7+ years of related property and casualty insurance work experience
    • 5+ years of related compliance and regulatory experience requiredKnowledge, skills & abilities:
      • Works with minimal supervision.
      • Proven ability to interact with associates at all levels of the organization.
      • Understanding of insurance-related regulatory compliance practices, with a preference for specific insurance-related compliance knowledge.
      • Demonstrated knowledge of insurance products and services.
      • Well-developed interpersonal, presentation, verbal and written communication skills with the ability to manage and prioritize multiple projects efficiently and effectively.
      • Nurtures commitment to common vision, shared values, and demonstrates a strong commitment to organization success.
      • Leads efforts to improve processes and best practices.
      • Proficient in Microsoft Office Suite (especially excel and word), Adobe, and all other pertinent business-related software systems, including company-specific processing systems and applications.
      • Provides outstanding, best-in-class service to all business units and corporate departments.
      • Works well under tight deadlines and state-mandated effective dates.
      • Possesses excellent research skills and demonstrates resourcefulness.
      • Ability to effectively engage and advocate on behalf of the company with respect to proposed industry legislation and in other governmental affair-related forums, while networking through those channels and through industry trade groups.

Keywords: UFG Insurance, Cedar Rapids , Sr. Compliance Analyst, Professions , Cedar Rapids, Iowa