NexAnnuity is looking for a detail-oriented, proactive individual to join the Retirement Solutions team as a Compliance Manager in our Annuity Operations group. This role supports both compliance and operational initiatives, ensuring regulatory adherence, refining internal policies and procedures, and promoting operational best practices.
Key Responsibilities:
- Monitor and interpret regulatory changes affecting insurance operations and ensure company policies and procedures reflect current standards.
- Conduct audits and assessments to verify compliance with industry regulations.
- Identify and resolve compliance vulnerabilities and provide guidance to the team on insurance compliance-related matters.
- Conduct review of complaints, prepare and file responses, maintain complaint logs.
- Conduct compliance review for large annuity cases, perform suitability and enhanced underwriting review; review policy contract exception requests, file company responses and maintain review logs.
- Review product forms, administration forms, company guides, and manage updates to training materials in response to regulatory changes and carrier updates.
- Review agent contracting and licensing, agent appointments, renewals and terminations, improve and maintain agent contracting/appointment reporting.
- Assist in preparing various reports for senior management and regulatory bodies.
- Participate in the improvement of compliance procedures and operational enhancements.
- Collaborate with operations team to identify and implement process improvements.
Qualifications:
- Bachelor’s degree in Business, Finance, or a related field.
- 5 – 10 years of experience in insurance compliance, operations, or a related insurance industry role.
- Familiarity with regulatory bodies and insurance industry standards.
- Strong analytical and problem‑solving skills.
- Excellent written and verbal communication abilities.
- Proficiency in Microsoft Office Suite, especially Excel, and compliance management tools.
- Professional certifications such as AIRC, CCP, or similar are a plus.
Preferred Skills:
- Ability to manage multiple priorities in a fast‑paced environment.
- Attention to detail and high ethical standards.
- Experience with Third‑Party Administrator (TPA) operations.
- Experience with annuities compliance and operations.
- Familiarity with NAIC regulations and state insurance departments.
- Familiarity with state licensing for carrier, agency, and agents, including SBS, NIPR, and Sircon.
NexAnnuity offers a competitive base salary and bonus based on experience and performance. NexAnnuity offers a generous benefits package that includes an industry leading health insurance plan with no employee premiums or deductibles and a 401(k) plan with employer match.
NexAnnuity’s talented professionals share a passion for excellence, commitment to teamwork, and pride based on the firm’s track record in the alternative investment industry.
NexAnnuity is an Equal Opportunity Employer.
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