Compliance Analyst - Western Region Property and Casualty (remote)
Milliman
United Kingdom
Published 1 week ago
Compliance Management Systems / Technology
Who We Are
Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability: https://careers.milliman.com/en/
Milliman's Western Region Property and Casualty (P&C) Practice focuses on developing innovative insurance products for traditional and start-up insurers and the associated state regulatory rate filing support. We also provide actuarial consulting on projects that feature a wide variety of actuarial techniques, including reserving, predictive modeling, telematics, by-peril and catastrophe rating, rate development, rate indications, etc.
What You Will Do
Milliman's Property & Casualty Compliance team is charged with preparing, submitting, and maintaining crucial documentation for our clients, related to the products that they introduce to the P&C market. Our team works collaboratively with actuaries, regulatory bodies, and one another. The Compliance Analyst complements the team with their legal, compliance, financial, and/or insurance experience.
Responsibilities in this role will include:
Professional Qualifications
This role is based out of the Milliman office in Irvine, CA, but candidates hired into this role may work remotely anywhere in the U.S.
Compensation
The salary range is $78,000 - $157,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.
BenefitsAt Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
#LI-LS1
#LI-Remote
The expected application deadline for this job is October 1, 2024.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.
Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability: https://careers.milliman.com/en/
Milliman's Western Region Property and Casualty (P&C) Practice focuses on developing innovative insurance products for traditional and start-up insurers and the associated state regulatory rate filing support. We also provide actuarial consulting on projects that feature a wide variety of actuarial techniques, including reserving, predictive modeling, telematics, by-peril and catastrophe rating, rate development, rate indications, etc.
What You Will Do
Milliman's Property & Casualty Compliance team is charged with preparing, submitting, and maintaining crucial documentation for our clients, related to the products that they introduce to the P&C market. Our team works collaboratively with actuaries, regulatory bodies, and one another. The Compliance Analyst complements the team with their legal, compliance, financial, and/or insurance experience.
Responsibilities in this role will include:
- Draft policy wording forms, rule manuals, and support for new and existing insurance products
- Consult with actuaries to ensure coverage options are consistent with rating algorithm
- Create rating and underwriting rules in consultation with actuaries developing rates
- Coordinate filing preparation including integrating rate and model support from actuaries
- Review state-specific rules and regulations to ensure filing materials are compliant prior to filing
- Upload and maintain form, rate, rule, underwriting, and model filings across all U.S. jurisdictions
- Draft response letters and make filing revisions in response to regulatory objections in consultation with actuaries and clients
- Coordinate and maintain rate service organization and other licensing filings
- Maintain libraries of filings and manuals for clients
- Assist with the development and maintenance of compliance reference materials and facilitate internal training sessions
- Complete compliance research projects as assigned
- Seek to enhance knowledge of job and insurance industry through both formal and informal continuing education
- Perform or assist with other duties assigned at the direction of Compliance Consultant and/or Project Manager
Professional Qualifications
- Bachelor's degree or equivalent work experience in an insurance compliance, claims, or legal role
- 5 years of work experience in an insurance compliance, claims, or legal role
- Highly experienced with all Microsoft Office products (e.g. Word, Excel, Acrobat, Teams, Outlook)
- Self-starter, with excellent time management skills including collaboration across time zones
- Strong interpersonal and communication skills are necessary to effectively communicate with clients and internal teams
- Strong critical thinking skills, able to identify critical issues quickly and accurately
- Close attention to detail, especially when following an intricate process
- Driven to produce high quality work
- Able to remain organized while working on multiple projects and tasks concurrently; able to adjust to changes in priorities and client needs in a fast-paced environment
- Enthusiasm for producing high-quality, professional work with accuracy and integrity
- Inspired to contribute to the success of a project and succeed as a team
- Coursework in general insurance, paralegal, ARC, or CPCU
- Experience with Property & Casualty rate, rule, and forms filings with state insurance departments
- Experience working with state regulators or other regulatory entities
- Experience working with Property & Casualty rating bureaus such as ISO and AAIS
- Experience with SERFF or other state regulatory filing systems
- Experience with compliance information software such as Wolters Kluwer, Lexis Nexis, or Westlaw, and/or how to research state regulatory websites
- Notary license
This role is based out of the Milliman office in Irvine, CA, but candidates hired into this role may work remotely anywhere in the U.S.
Compensation
The salary range is $78,000 - $157,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc.
BenefitsAt Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:
- Medical, dental and vision coverage for employees and their dependents, including domestic partners
- A 401(k) plan with matching program, and profit sharing contribution
- Employee Assistance Program (EAP)
- A discretionary bonus program
- Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
- Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
- A minimum of 8 paid holidays
- Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
- Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs
All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
#LI-LS1
#LI-Remote
The expected application deadline for this job is October 1, 2024.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)