Aflac is a Fortune 500 company and an industry leader in voluntary insurance products. The Product Compliance Analyst I role involves monitoring adherence to regulatory requirements and assisting in compliance processes under supervision, while also supporting document reviews and compliance issue reporting.
Responsibilities
- Under direct supervision, monitors adherence to all applicable regulatory requirements, policies, procedures, and Compliance processes to ensure that the appropriate control environment is documented and tracked for assigned states; assists more experienced analysts in a variety of areas, including interpretation, monitoring, investigation, remediation, and reporting to develop knowledge and skill in Product Compliance; operates within the framework of established policies and procedures; consults with senior team members and management on complex issues
- Reviews documents within area of responsibility to ensure that content is in compliance with company, state, and regulatory agency standards and guidelines; prepares 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
- Assists with certificate management and form maintenance; creates standard and custom forms as needed for assigned areas; 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 to interpret, monitor, and report compliance issues within the particular area of responsibility; is involved in a variety of routine functions including compliance interpretation and implementation, monitoring, investigation, remediation, and reporting, under the direction of a manager or senior analyst; 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.; assists with the implementation of new laws and regulations with business units
- Performs other duties as required
Skills
- Basic knowledge of the insurance industry, including theory, application, products, processes, and terminology
- Ability to interpret complex language in state insurance laws and regulations
- Basic knowledge of NAIC Model Laws and Regulations
- Basic knowledge and understanding of Aflac's policy language, products, benefits, and limitations
- Intermediate knowledge and skills in Microsoft Excel and Word
- Bachelor's Degree in Business Administration, Liberal Arts, or a related field
- 0 to 2 years of job-related work experience
- Or an equivalent combination of education and experience
Benefits
- 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
- Opportunity to purchase company stock
- 11 paid holidays
- Up to 20 days PTO to be used for any reason
- State-mandated sick leave
- Other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being
Company Overview
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