Underwriting Compliance Analyst
At COUNTRY Financial, our Underwriting Compliance Analyst develops, reviews, maintains and monitors underwriting manuals, rules, forms and procedures. Initiates and leads projects to assist in developing underwriting strategies, product development and product changes. Evaluates the impact of underwriting strategies, new product development and product changes. Exercises a reasonable level of judgment and initiative in gathering information relating to these items. Coordinates activities of project team members to ensure comprehensive, thorough and timely completion of projects and the resulting recommendations. Ensures research projects and changes are compliant with statutes and regulations and ensures ongoing compliance in current rules and procedures.
- Initiates and chairs research projects to develop underwriting compliance strategies, new product processes and represents compliance interests in new product enhancements as assigned.
- With general direction researches the potential impact of changes in underwriting strategies and standards and ensures compliance with statutes and regulations. Works in close cooperation with Actuary, Underwriting, Agency, PCO Projects & Planning, Marketing and Claims in the development of new products and changes to existing products.
- Researches, develops, and documents information used in the development of business recommendations, plans and decisions.
- Monitors and investigates circulars and bulletins from bureaus and other industry sources to determine needed coverage, rating, and rule changes. Monitors, evaluates, and analyzes legislative and regulatory requirements and changes as assigned.
- Assures that underwriting rules, policies, forms and endorsements conform to legal and regulatory requirements. May participate in policy form and manual filings with the State Departments of Insurance as assigned.
- Monitors and reports underwriting results and actions to maintain proper consistency and assists in improving results as part of the project process.
- Analyzes and develops underwriting web content with an emphasis on audience needs and compliance. All content must conform to corporate standards.
- Serves as web publishing editor and/or author as needed to support underwriting web efforts.
- Maintains documentation of all underwriting guideline changes implemented through web publishing tool in an electronic desktop format, to be distributed with manual filings, market conduct examinations and manual exchange programs.
- Participates in FINRA, OFAC, Market Conduct Exams and other regulatory audits as assigned.
- Education equivalent to graduation from college or the equivalent in related work experience.
- Two or more years of experience as an insurance underwriter, with experience in underwriting various lines of business or equivalent professional experience.
- Demonstrates a sound knowledge of underwriting rules, procedures, coverages, and regulations within the various product lines.
- Demonstrates a working knowledge of Microsoft Office products, including Word, Power Point, Access, and Excel (or other comparable software).
- Demonstrates excellent oral and written communication skills, including the ability to present small or large group presentations.
- Possesses a well-developed detail orientation and excellent critical thinking, prioritization, organizational, and research skills.
- Possesses the ability to work effectively and persuasively within cross-functional teams and contribute to achieving amicable outcomes.
- Education equivalent to graduation from college, preferably with a degree in insurance, business or other related discipline.
- Commercial Underwriting experience is highly recommended.
- Achievement of, or significant progress towards, CPCU or equivalent insurance credentialing.
- Five or more years of experience as an Underwriter or Underwriting Research Analyst, or the equivalent, with proven success at leading small and medium sized projects.
- Demonstrates consistent proficiency of the Six Sigma methodologies.
- Demonstrates in-depth knowledge of underwriting rules, procedures, coverages, and regulations, preferably within the various product lines.
- Normal office environment, occasional travel to regional, district, or agency offices.
- Serves on industry committees as assigned.
- Work may involve overtime or extend beyond normal business hours as business needs dictate.
COUNTRY does not generally sponsor individuals for employment-based visas for this position.
Meet Some of COUNTRY Financial's Employees
Judy often feels more like a counselor than a financial advisor because she’s so close to the everyday happenings of her clients, guiding them to make smarter financial decisions.
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