Sr Product Compliance Analyst

The Company:  CAIC
The Location: 

SC, US

The Division:  Compliance
Job Id:  5868

Salary Range: $48,000 - $110,000

 

We’ve Got You Under Our Wing

We are the duck. We develop and empower our people, cultivate relationships, give back to our community, and celebrate every success along the way. We do it all…The Aflac Way.

 

Aflac, a Fortune 500 company, is an industry leader in voluntary insurance products that pay cash directly to policyholders and one of America's best-known brands. Aflac has been recognized as Fortune’s 50 Best Workplaces for Diversity and as one of World’s Most Ethical Companies by Ethisphere.com.

 

Our business is about being there for people in need. So, ask yourself, are you the duck? If so, there’s a home, and a flourishing career for you at Aflac.

 

Worker Designation – This role is hybrid. This means you will be expected to report to one of our Aflac offices located in Columbia, SC for at least 60% of the work week. You will work from your home (within the continental US) for the remaining portion of the work week. Details of this schedule will be discussed with your leadership.

 

What does it take to be successful at Aflac?

  • Acting with Integrity
  • Communicating Effectively
  • Pursuing Self-Development
  • Serving Customers
  • Supporting Change
  • Supporting Organizational Goals
  • Working with Diverse Populations

 

What does it take to be successful in this role?

• In-depth knowledge of Insurance and NAIC Model Laws and Regulations

 

• In-depth knowledge and understanding of Aflac’s policy language, products, benefits, limitations, functional area systems and procedures

 

• In-depth knowledge of the insurance industry, including theory, application, products, processes, and terminology; ability to interpret complex language in state insurance laws and regulations

 

• Excellent oral, written and interpersonal communications skills to effectively interact with management, and internal and external customers, and to establish effective working relationships with representatives from state and other regulatory agencies

 

Education & Experience Required

  • Bachelor's Degree In business administration or a related field
  • 5 years of job-related work experience

Or an equivalent combination of education and experience

 

Education & Experience Preferred

  • 3 years of experience working with compliance/regulatory issues and agencies
  • HIAA designation

 

Travel

Less than or equal 10%

 

Principal Duties & Responsibilities

• Under minimal supervision, evaluates results, directs efforts, and provides technical guidance on more complex issues, and makes performance recommendations to management; monitors and reviews progress and accuracy of work; conducts training or identifies staff training needs; acts on behalf of the manager during his/her absence; provides guidance and support to less experienced compliance analysts

 

• Operates with substantial latitude for independent action and decision-making; provides leadership and subject matter expertise on compliance process analysis; works with less experienced analysts to maintain adherence to all applicable regulatory requirements, policies, procedures, and processes to ensure that the appropriate control environment is documented and tracked; provides input on various committees (product, claims review, business process, etc.)

 

• Reviews documents within area of responsibility to ensure that content is in compliance with company, state, and regulatory agency standards and guidelines; prepares the documents for submission to appropriate agencies within each of the state insurance departments or other federal and state agencies; communicates with state insurance departments to resolve issues, answer questions, and/or clarify interpretation of laws, regulations, and advertising filings or potential changes in business practices; provides advice and guidance to department management on the appropriate content

 

• Responsible for certificate management and form maintenance for assigned areas; creates custom and legacy forms as needed; maintains effective and accurate online records, databases, or manual filing systems that provide a quick-reference database for information on department activity and document/correspondence status; assists with complex form maintenance and implementation issues as needed

 

• Interprets, monitors, and reports compliance issues within the particular area of responsibility; is involved in a variety of aspects of advanced complexity: compliance interpretation and implementation, monitoring, investigation, remediation, and reporting; assists the management and staff of the assigned business area or process in interpreting and applying Compliance and ethics policies and standards; undertakes fact gathering and investigation activity to monitor the effectiveness of implementation within area of responsibility

 

• Performs research for inter-departmental and intra-departmental partners to collect relevant information and stay abreast of legislative changes in the industry; reviews insurance laws and regulations, and works with team members to determine the impact on Aflac’s policies, services, and advertising material, etc.; coordinates the implementation of new laws and regulations with business units

 

• Performs other duties as required

 

Total Rewards

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting.  Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate. The salary range for this position is $48,000 to $110,000.

 

In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies (Accident, Cancer, Critical Illness and Hospital Indemnity offered at no costs to employee), 401(k) plans, annual bonuses, and an opportunity to purchase company stock.  On an annual basis, you’ll also be offered 11 paid holidays, up to 20 days PTO to be used for any reason, and, if eligible, state mandated sick leave (Washington employees accrue 1 hour sick leave for every 40 hours worked) and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to sick and safe leave, and adoption and parental leave, in all states and localities.