Regulatory Filing Compliance Analyst at Penn Lumbermens Mut Ins Co

Philadelphia, Pennsylvania, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Jun, 26

Salary

0.0

Posted On

18 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Compliance, Risk Management, State And Federal Laws, Legislation Review, Data Analysis, Program Development, Filing Coordination, Negotiation, Record Maintenance, Auditing, Communication, Organizational Skills, Problem Solving, MS Word, MS Access, MS Excel

Industry

Insurance

Description

Description Position: Filling Compliance Analyst Department: Regulatory & Government Affairs Reports To: Manager of Regulatory & Government Affairs Position Summary: The purpose of this position is to coordinate and execute the daily operations of programs to manage compliance risk and ensure regulatory compliance with state and federal insurance laws on a corporate and departmental basis. Essential Functions and Responsibilities: Perform Office work directly related to management and regulatory compliance operations of the department and employers customers. Exercise discretion and independent judgment with respect to matters of significance. Develop, implement and administer quality management programs to manage compliance risk and ensure regulatory compliance with state and federal insurance laws on a corporate and departmental basis. Circulate, monitor, and track compliance/regulatory literature and/or actionable items to appropriate areas as required. Provide status report on regulatory compliance to Regulatory AVP & Corp. Secretary at least every other week and monthly status report to Senior Management. Research and review State and Federal legislation and regulations in order to provide a summary as well as in depth analysis of research and evaluate impact on PLM products and administrative procedures. Attend Industry Societal Meetings or Seminars in order to stay abreast of regulatory compliance matters. Prepare and provide summary documents and/or provide presentation to management advising of same (i.e. Terrorism, Privacy, Producer Compensation, Asbestos, etc.). Monitor current and/or developing federal/national regulatory actions in order to ensure PLM compliant and/or prepared compliance. Act as liaison between company and state insurance departments during discussions and negotiations related to compliance matters and/or rate rule and form filings. 9. Develop, assemble, file the required information and negotiate to obtain approval for: a. Independently filed programs b. Deviations from ISO or other bureau filings c. Loss costs d. New states e. Recoupment 10. Interface with state regulators. 11. Handles all regular rates, rules and form filings with state DOI’s. 12. Maintain records of the status of all filing. 13. Internal Department Audits: · Identify Compliance Requirements on Departmental Basis via: Review of State and Federal Regulations/Requirements Review Market Conduct Exams Research Interview with Departments or External Auditors Maintain contact with Societal Organizations/Third Party Vendors Implement other Resources and Tools Perform Self-Audit/Identify Issues Outline and Develop Corrective Actions Take Corrective Actions Follow-up/Monitor/Report 14. Coordinate and work as a team member with the Regulatory Manager and remainder of Departmental Staff. 15. Assist in priority projects that may occur within Department. 16. Communicate with Information Systems and other Departments regarding programming changes necessary for updating systems to comply with filed program changes and state insurance statutes and regulations. 17. Assist AVP/Regulatory Manager/Corporate Secretary in Board and Annual Meetings duties as may be required. 18. Additional responsibilities include organizing and completing special projects as assigned. Knowledge and Skills: 1. Ability to maintain professional attitude and demeanor at all times. 2. Strong communications skill, both written and verbal. 3. Superior organizational, analytical and problem solving skills. 4. Adept at coordinating the actions of multiple projects simultaneously. 5. Above average/Proficient knowledge of MS Word, Access and Excel. 6. Comfortable learning new software and researching on the internet. 7. Uses multiple resources and research methodologies to accomplish the task. 8. Ability to work both independently and as a team. 9. Comfortable working closely with clients, regulators, consultants and other members of the insurance community. 10. Show tact and diplomacy to interact and negotiate with regulators in person, by phone, and in writing to resolve matters that relate to our products and procedures. Physical Requirements: 1. Ability to hear. 2. Ability to speak clearly. 3. Ability to sit for extended periods of time. 4. Ability to see.

Responsibilities

This role is responsible for coordinating daily operations to manage compliance risk and ensure adherence to state and federal insurance laws across corporate and departmental levels. Key duties include researching legislation, developing quality management programs, handling regulatory filings, and acting as a liaison with state insurance departments.