Regulatory Compliance Analyst

The Regulatory Compliance Analyst helps to ensure compliance with various state and federal insurance, health, and financial regulations. The duties consist of assisting with the preparation and filing of various regulatory reports, assessments, license renewals and officer/director changes for the ALICO Family of Companies (60%); serving as the primary point of contact for unclaimed property management (35%) and performing such other duties as required (5%).

Responsibilities

Assist Compliance Director in notifying state insurance departments of changes to corporate officers and directors. This includes preparing biographical affidavits, coordinating fingerprinting submissions and background investigations.

Serve as a point of contact for the vendor that submits our secretary of state annual reports, review monthly pre-filing and post-filing summary reports to ensure they reconcile with the vendor invoices.

Navigate state insurance department websites, read and interpret regulatory filing instructions and prepare accurate and timely submissions for various regulatory reports and filings.

Prepare and submit payment of required financial assessments and other regulatory fees via check and/or electronic methods.

Maintain and update due date charts for regulatory filings. Maintain appropriate records of filings and payments electronically on shared department portal.

Assist in preparing license renewals and maintain license status charts.

Prepare and file annual expense related reports for union members of the Company’s board of directors.

Prepare and coordinate payment of monthly/quarterly hospital related fees with various states.

Scan, copy, file, submit invoice approvals and perform other administrative functions, as necessary.

Manage the Lost Policy Search process, investigate any matches and report to the state as required.

Unclaimed Property:

Request and obtain required claims information and data from applicable departments, and follow-up as needed

Generate, mail, and track statutory due diligence letters. Direct inquiries from claimants to applicable departments

Input claims into unclaimed property management system, create and update notes, claim information, accrued interest and dormancy statuses.

Work with the finance department to maintain and reconcile escheat liability account with general liability account on a monthly basis. Assist departments in the review and resolution of stale check listings.

File applicable unclaimed property reports with applicable states in a timely manner.

Qualifications

Bachelor’s degree.

A basic understanding of financial and insurance regulatory concepts; knowledge of NAIC filing systems such as OPTins and SERFF is a plus.

Basic accounting skills.

Proficiency in MS Excel, MS Word, Outlook and other computer applications.

Strong verbal and written communication; the ability to effectively interact with internal staff, regulators and claimants.

Attention to detail; the ability to enter data timely and accurately into reports and online systems, and to maintain adequate records of filings and payments.

Self-motivated, with the ability to work independently, to organize competing priorities and adhere to deadlines.

Strong analytical and problem-solving skills, and the ability to quickly and continually learn new processes and procedures.

Ability to handle sensitive information with discretion and confidentiality.

Notary license a plus.

Salary: 60-70K

Regular Full-Time