The Regulatory Compliance Analyst supports the Compliance, Actuarial, and Finance teams in the administration of Med Supp rate filings, regulatory tracking, and policyholder communications. This position assists in ensuring compliance with Medicare Supplement regulations, coordinating with internal teams on state filings, and maintaining documentation for regulatory approvals.
Regulatory Filings & Compliance Support:
Assist in the preparation and submission of Med Supp rate filings with state regulators. Monitor and track filing deadlines, approvals, and required documentation. Research and summarize regulatory requirements related to Med Supp pricing and policyholder notifications. Support Compliance leadership in responding to regulatory requests or objections.
Cross-Department Coordination:
Work closely with Actuarial and Finance to collect data needed for rate filings. Assist in reviewing and drafting policyholder notices related to rate changes. Support Operations and Customer Service in implementing and explaining rate updates. Track and document changes in compliance policies affecting Med Supp products.
Regulatory Monitoring & Reporting:
Monitor changes in Med Supp regulations at both state and federal levels. Prepare summaries and compliance updates for internal stakeholders. Assist in compliance audits to ensure adherence to regulatory filings and approved rates. Maintain organized records of all filings, approvals, and correspondence with regulators.
Education: Bachelor's degree in Business, Finance, Insurance, Risk Management, related field or related educational experience.
Experience: 1-2 years of experience in insurance compliance, regulatory affairs, actuarial support, or operations (Med Supp experience preferred but not required).
Skills:
Growth Path:
This role provides an opportunity to grow into a Regulatory Compliance Manager or Senior Compliance Analyst with additional experience and regulatory knowledge.
Task Breakdown (Daily, Weekly, Monthly):
Daily Tasks:
Track and update filing deadlines and status. Assist in preparing filing documentation and policyholder notices. Research regulatory changes and summarize findings. Communicate with internal teams about compliance requirements.
Weekly Tasks:
Support Med Supp Rate Committee meetings by preparing compliance updates. Work with Actuarial and Finance teams to ensure accurate filing submissions. Monitor regulatory agency websites for any changes affecting Med Supp rates.
Monthly Tasks:
Help draft compliance reports for internal stakeholders. Assist in responding to regulatory inquiries or objections. Maintain an organized filing system for regulatory approvals.
This role is ideal for an entry-level to early-career professional looking to gain experience in Med Supp compliance and eventually grow into a leadership position.
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