Compliance Manager, Group Benefits

$110,000 - $140,000/Yr

ZipRecruiter - White Plains, NY

Full-time - Mid Level

White Plains, NY

About the position

The Compliance Manager for Group Benefits will oversee the compliance program for the Group Benefits business, ensuring adherence to relevant laws and regulations. This role involves providing expert guidance, conducting legal research, managing audits, and developing compliance training. The position requires collaboration with internal and external partners to maintain high standards of compliance and to address regulatory inquiries effectively.

Responsibilities

• Maintain the Group Benefits business compliance program, providing guidance to internal and external partners.
• Perform legal research and track regulatory developments to update compliance policies and procedures.
• Oversee compliance with HIPAA and other privacy and data security laws in collaboration with team members.
• Assist with audits of third-party business partners and oversee necessary remediation.
• Manage compliance change management efforts, ensuring timely identification and addressing of requirements.
• Participate on the Company Compliance Action Team to implement compliance requirements.
• Draft and maintain Standard Operating Procedures (SOPs), product manuals, and other written guidance.
• Develop and roll out compliance training for internal and external partners.
• Manage the resolution of regulatory inquiries and reviews, ensuring timely and accurate responses.
• Collect and analyze data with internal and external partners, reporting to regulatory agencies and maintaining a tracking calendar.
• Oversee the drafting of life and health policies, ensuring compliance with applicable laws.
• Collaborate with partners to develop and file policies for existing and new products.
• File and negotiate insurance policy approvals with the Interstate Compact and state insurance departments.
• Record, investigate, and escalate alleged non-compliance with laws and regulations.
• Represent the company on enterprise projects and initiatives as needed.

Requirements

• Bachelor's Degree (Required)
• Minimum of 5-7 years of insurance compliance experience (Required)
• Working knowledge of group health insurance laws, regulations, and best practices (Required)
• Proven experience leading projects and managing multiple priorities simultaneously (Required)
• Experience identifying, defining, and resolving problems, and interpreting data (Required)
• Experience working collaboratively as part of a team (Required)
• Effective verbal and written communication skills (Required)
• Ability to document procedures and activities clearly (Required)
• High level of attention to detail and excellent organizational skills (Required)
• Proven research, problem-solving, and analytical skills (Required)
• Proficient in Microsoft Office, especially Word, Excel, and PowerPoint (Required)
• Ability to learn and use electronic compliance programs (e.g., RegEd and Serengeti) (Required)
• Knowledge of legal research engines (e.g., Westlaw) (Required)
• Proficient using SERFF (Required)

Benefits

• Salary range of $110,000-$140,000
• On-site work Monday - Friday