Compliance Consultant -
at Allstate
Markham, ON, Canada -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 31 Oct, 2024 | Not Specified | 31 Jul, 2024 | N/A | It,Digital Literacy | No | No |
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Description:
At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.
JOB DESCRIPTION
Responsible for drafting basic state-specific policy form and contract language that adheres to applicable state statutes and regulations; filing of contracts and policies with state insurance departments; communicating with state and federal regulatory agencies; monitoring and verifying both newly enacted and amended existing state and federal statutes and regulations impacting the life and health portfolio; and performing jurisdictional analysis and interpretation of such statutes and regulations to create Compliance Requirements for distribution to business partners. Additionally, this role interacts with key stakeholders and provides compliance support.
EDUCATION
- 4 year Bachelors Degree (Preferred)
EXPERIENCE
- 2 or more years of experience (Preferred)
EDUCATION & EXPERIENCE (IN LIEU)
- In lieu of the above education requirements, an equivalent combination of education and experience may be considered.
SKILLS
Customer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, Results-Oriented
Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.
You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live.
Responsibilities:
KEY RESPONSIBILITIES
- Monitors, analyzes, and interprets state and federal statutes and regulations to determine scope and impact to accident and health product portfolio under manager guidance and review
- Translates state and federal statutes and regulations into Compliance Requirements and communicates requirements to multiple business partners under manager guidance and review
- Interacts with key stakeholders and provides compliance support relative to product filing and implementation, law review and analysis, and overall compliance of the Accident and Health Division
- Conducts basic legal research and interpretation, as assigned, in response to requests or inquiries from internal stakeholders, management, or regulators
- Reviews and drafts basic state-specific contracts, policy forms, and related supporting documentation for diverse life and health products, ensuring adherence to applicable regulatory insurance requirements under manager guidance and review
- Coordinates, researches, creates, and submits accident and health product filings, marketing filings, and other regulatory filings to state insurance departments via SERFF in accordance with established state and internal company procedures
- Researches and analyzes state objections to product filing submissions, and composes response communicating the company’s position to the state regulator under manager guidance and review
- Negotiates approval of basic life and health product filings with state regulators under manager guidance
- Conducts basic federal and multi-state legal research and analysis on life and health insurance topics
- Documents and updates internal compliance department procedures
REQUIREMENT SUMMARY
Min:N/AMax:5.0 year(s)
Financial Services
Pharma / Biotech / Healthcare / Medical / R&D
Finance
Graduate
Proficient
1
Markham, ON, Canada