Senior Compliance Analyst – Due Diligence

Role Overview

• Conduct upfront and ongoing due diligence on insurance products, including but not limited to:
• Life insurance (term, whole, universal life)
• Variable and fixed annuities
• Fixed indexed annuities
• Long-term care and hybrid products
• Disability insurance
• Perform carrier-level due diligence, including:
• Financial strength and ratings analysis
• Review of statutory filings and public disclosures
• Evaluation of governance, risk management, and operational controls
• Review and assess materials from third-party due diligence providers, regulatory bodies, and rating agencies.
• Analyze product structures, fees, surrender charges, riders, guarantees, illustrations, and disclosures for compliance with regulatory and firm standards.
• Monitor regulatory developments impacting insurance products (e.g., state insurance regulations, NAIC model regulations, suitability and best interest standards).
• Summarize due diligence findings in clear, concise written reports for presentation to internal product, compliance, and risk committees.
• Identify, document, and escalate emerging risks or issues related to existing insurance products or carriers.
• Partner with internal stakeholders (Compliance, Legal, Product Management, Risk, and Advisor Support) to support product governance initiatives.
• Respond to inquiries from advisors and internal partners regarding approved insurance products and historical offerings.
• Participate in periodic product reviews, audits, and remediation efforts as needed.
• Attend industry meetings, regulatory briefings, and conferences to remain current on insurance market and compliance trends.
• Participate in periodic reviews of unique life insurance and annuity cases.

Requirements

• Bachelor’s degree or equivalent experience required.
• Minimum 5+ years of experience in insurance compliance, product due diligence, risk management, or a related regulatory role.
• Demonstrated experience reviewing insurance products and/or carriers within a regulated financial services environment.
• Strong understanding of insurance products and distribution models, including annuities and life insurance.
• Working knowledge of insurance regulatory frameworks, including state insurance regulations and NAIC guidance.
• Ability to analyze complex product features and disclosures and assess compliance and risk implications.
• Experience reviewing financial statements, carrier ratings, and solvency indicators.
• Excellent written and verbal communication skills, with the ability to present complex findings to varied audiences.
• Strong analytical skills with the ability to synthesize large volumes of information into key risks and recommendations.
• High attention to detail and strong organizational skills.
• Ability to manage multiple projects and deadlines in a fast-paced environment.
• Self-motivated professional capable of working independently and collaboratively.

Benefits

• Up to 15% travel