Job Summary

The Associate Director, Insurance Product/State Filing, is a member of the Company’s Law and Compliance Department. The position works with other internal departments and external third-party vendors, as needed, to establish and implement the company’s insurance products.

This position is responsible for developing compliant insurance product materials, filing them with insurance regulators, and obtaining necessary approvals. Working with the Director, Insurance Product/State Filing, the Associate Director will manage the Company’s portfolio of insurance product forms and monitor compliance with applicable state and federal laws.

This position will work with limited supervision and be responsible for making an established range of decisions, escalating issues across internal business areas as necessary or appropriate, and updating management on a regular basis. As a member of the Law and Compliance Department, this position will also be integrated into the group’s work on federal securities filings and other matters as assigned.

Main Accountabilities

• Maintaining and applying a comprehensive understanding of compliance requirements regarding insurance product features, filing requirements, state variations, form requirements, marketing strategy and target markets for specific insurance products.
• Communicating directly with internal business areas to provide timely input on product design matters by analyzing new product details, identifying relevant state requirements, highlighting potential regulatory compliance issues, recommending possible solutions, and working collaboratively to implement them.
• Drafting product forms and assisting with prospectus drafting for variable products.
• Developing strategy for form filing projects and optimizing approvals within desired timeframes.
• Making state filings via the NAIC’s System for Electronic Rate and Forms Filing (“SERFF”), interacting with state regulatory agencies, internal departments and third party filing agents as needed to respond to objections, and managing filings through to approval.
• Designing processes for maintaining timely and accurate records relating to state filing and compliance.
• Communicating state filing approvals and implementation requirements to internal departments.
• Participating actively in internal discussions about operational implementation of the Company’s products, identifying implementation issues that may affect filed forms, and taking responsibility for any filings needed or requested to adjust previously approved forms.
• Keeping current with industry and regulatory trends related to product filings.

Qualifications

• Bachelor’s degree preferred.
• 8+ years of state filing, insurance regulatory and/or paralegal experience preferred.
• Detail-oriented and capable of managing multiple projects and initiatives at one time.
• Demonstrated ability to receive, organize and manage large amounts of diverse information and documentation to meet deadlines.
• Strong analytical and research skills, including experience identifying, defining and resolving problems.
• Strong verbal and written communications skills with demonstrated ability to interpret and communicate business needs and solutions clearly between internal and external constituencies.
• Demonstrated ability to work effectively both independently and collaboratively within a team environment.
• Knowledge of the life insurance industry, including product types and basic regulatory framework.