Hybrid Compliance Specialist I bei AAA Life Insurance Company
AAA Life Insurance Company · Livonia, Vereinigte Staaten Von Amerika · Hybrid
- Junior
- Optionales Büro in Livonia
Overview:
Operating within the core values and operating principles of the organization, the Compliance Specialist I position provides support to the development and ongoing administration of a compliance process that will allow AAA Life to sell life, accident, and health insurance products in all necessary states.
Responsibilities:- Participates in and supports corporate strategic projects. Provides research, support, and ongoing awareness of compliance issues that arise in project implementation.
- Assists with preparing compliance reports for management.
- As required, research and evaluate state and federal insurance laws to assist with implementing appropriate procedures for home office, clubs, and agents to assure the Company and Clubs are in compliance in all states.
- Supports the team with developing strategies and tools to improve compliance within Company.
- Coordinates company efforts to maintain best practices and stays abreast of Compliance and Ethics Forum for Life Insurers (CEFLI) recommendations.
- Recommends appropriate procedures for Compliance and other AAA Life departments, to ensure that such procedures support the principles and the ethics espoused by CEFLI.
- Specific duties may include any of the following:
- Working with policy owners and various business units to assess compliance issues and determine appropriate solutions.
- Coordinating the resolution of customer complaints.
- Reviewing marketing materials, policy forms, business communications, and business processes for compliance.
- Drafting or filing policy forms or advertising.
- Aids with creating compliance trainings, as needed.
- Helping with projects or tasks to conserve business and increase persistency.
- High School Diploma required. Bachelor’s degree or equivalent work experience preferred.
- Previous experience in the Compliance, Internal Audit, or Legal Department of an insurance or financial services company preferred.
- LOMA courses 1, 2 and 3 (Fundamentals of Life Insurance and Legal Environment of Life Insurance) preferred.
- Strong analytical skills to review and interpret regulatory requirements.
- Excellent communication skills to convey regulatory information to others both written and verbal.
