Senior Legal Compliance Analyst

Description

Under limited supervision, performs moderate to complex compliance research and regulatory analysis in order to monitor regulations, assess risk, and mitigate concern in support of business operations according to defined project plans. Assesses compliance of Product rules, guidelines, procedures, filings, forms, and programs. This is accomplished through the execution of moderate to complex compliance related activities. May oversee projects that require greater expertise, typically for states with higher volume and/or regulatory scrutiny. Will work closely with, and often under the supervision of, attorneys assigned to the same product. The majority of the work will involve the Small Commercial line of business. The work itself includes, but is not limited to, rating, tiering, underwriting, forms, processes, and customer communications support.

The position is in Liberty Mutual's Global Legal and Compliance Department.

Typical starting salary is $97,000-$120,000 and depends on geographical location and experience. This position may have in-office requirement.

Preferred locations are Boston, MA and Seattle, WA.

Responsibilities:

• Independently analyzes companys regulatory compliance, filing, and forms postures and leads the development of control recommendations.</li><li>Consults with attorneys, product management, underwriting, distribution, and claims management to keep field abreast of changes</li><li>Coordinate multiple Product Compliance projects to ensure state and countrywide compliance. Use various resources to compile information and independently develop recommendations to address problems/issues. Provide clear measures of success.</li><li>Working with Product Management and product attorneys, continues to lead efforts to ensure compliance with underwriting, filing, forms, and regulatory or statutory changes in assigned states. Drive revisions as needed, including process changes, underwriting updates, revising forms, filing the revisions, and/or systems changes. Own communication of changes to impacted stakeholder groups including issuing organizational bulletins, and completion of post implementation cross checks.</li><li>Responsible for answering certain forms, rules, for developing proposals and research to attorneys. Provide business impacts and detailed recommendations to improve and streamline compliance controls.</li><li>Independently performs moderate to complex internal compliance audits and risk assessments, including documentation, process flows, and testing. Generate reporting to track changes and results.</li><li>Drive development of recommendations to help improve the compliance and efficiency of the business.</li><li>Working with attorneys and researches complaints from Departments of Insurance, Regulatory Agencies, customers and other interested parties.</li><li>Prepares responses to state insurance inquiries.</li><li>Works with manager, attorneys, co-workers and customers to identify and execute process improvement opportunities.</li></ul><b>Qualifications</b><ul><li> Bachelors degree in a quantitative subject (example: Mathematics, Finance, Economics) or Legal/Political Science/Insurance and experience with quantitative analysis preferred.
• Small commercial experience is highly preferred
• 3 to 5 years related work experience preferred.
• Knowledge of insurance principles and concepts required.
• Advanced analytical/problem solving and research skills.
• Effective communication skills for writing reports/proposals and making presentations.
• Ability to work independently and lead others during projects is a must.

• California
• Los Angeles Incorporated
• Los Angeles Unincorporated
• Philadelphia
• San Francisco