Product Compliance Associate – Anuities
- Des Moines, IA
- Permanent
- Full-time
- Seven or more years of experience in the annuity or life insurance industry, with at least three years in legal, compliance, or product development
- Strong knowledge of insurance products, sales practices, and regulatory requirements, with experience in annuities, 401K annuities, pension risk transfer, or funding agreements preferred
- Exceptional verbal and written communication skills, including the ability to articulate complex regulatory and product requirements
- Familiarity with insurance administration processes and systems
- Proficient in Microsoft Office, Adobe Professional, and other relevant software
- Experience with SERFF and state insurance filings
- Draft contract provisions for new retail annuity products by gathering business requirements from product, actuarial, legal, compliance, operations, and sales teams
- Develop project timelines and coordinate state product submissions, including setting expectations for approval timelines
- Analyze state insurance laws and regulatory standards to ensure compliance of new product initiatives
- Correspond and negotiate with state regulators on product submission objections and prepare responses
- Prepare and submit new products in SERFF, and identify opportunities to streamline the submission process
- Review and gain approval for consumer advertising and branding initiatives, ensuring alignment with contract requirements
- Maintain records of regulated forms and coordinate proper usage across business areas
- Support new product implementation with final disclosure and contract language requirements
- Assist internal operations and third-party administrators to ensure in-force products comply with policy and contract language
- Maintain professional contacts with state insurance departments and industry regulatory bodies