Lead Analyst, Contracts

$99,300 - $147,700/Yr

Prudential Financial - Shelton, CT

Part-time - Mid Level

Hybrid - Shelton, CT

Insurance Carriers and Related Activities

About the position

The Contracts Lead Analyst at Prudential plays a crucial role in ensuring contract compliance for new and existing state-filed documents. This position involves drafting complex contracts and amendments, defining system requirements, and coordinating with various internal partners and regulatory teams. The role requires a strong understanding of annuity products and compliance, as well as the ability to manage multiple deliverables effectively. The position operates in a hybrid work environment, requiring on-site presence as determined by business needs.

Responsibilities

• Draft complex, legally defendable contracts, amendments, endorsements, riders, certificates, agreements, and bank trust documents as necessary.
• Draft documents to support changes for in-force business, including the development of non-standard language.
• Define system requirements for contract composition and issuing rules.
• Perform regulatory monitoring and identify regulation changes that impact contract language for new and in-force products.
• Conduct contract research on in-force block of contracts and provide opinions on contract interpretation and filing strategy.
• Coordinate with the Regulatory Team to implement changes and prepare documents for submission to state insurance departments and the Interstate Compact for approval.
• Maintain relationships with state regulators and coordinate technical responses to state department inquiries.
• Review responses prepared by Contract Specialists prior to submission and maintain documentation of filing status and other required documentation.
• Perform a review function and provide technical guidance for documents prepared by contract specialists.
• Support an internal mailbox and respond to inquiries within a defined service level of 24 hours.
• Perform special projects to support internal partners, including research projects and consolidating contract language.

Requirements

• 4-7 years' relevant experience in drafting and the state filing of Annuities or Variable Life Insurance required.
• Product and Compliance knowledge of the annuity product line of business.
• Bachelor's degree or equivalent experience.
• Strong communication and presentation skills.
• Exceptional collaboration skills and ability to partner with various functions and levels, including Sales, Service, IT, Control, and Actuarial functions.
• Ability to influence decisions and champion product administrative or operational changes.
• Solution-oriented with strong problem-solving skills and ability to leverage resource materials to support decisions.
• Solid organizational skills with the ability to develop and execute plans.
• Ability to effectively manage several dissimilar deliverables and prioritize.
• Ability to work independently, as part of a team, or lead a team.
• Excellent technical financial services product knowledge.

Nice-to-haves

• Experience with regulatory compliance in the financial services industry.
• Familiarity with contract management software.
• Knowledge of competitor filings and industry standards.

Benefits

• Market competitive base salaries with yearly bonus potential.
• Medical, dental, vision, life insurance, and disability insurance.
• Paid Time Off (PTO) and leave of absences, including parental and military leave.
• Retirement plans including a 401(k) plan with company match and a company-funded pension plan.
• Wellness Programs with reimbursement for personal wellbeing needs.
• Work/Life Resources for various support topics.
• Tuition Assistance for traditional college enrollment and accredited certificate programs.
• Employee Stock Purchase Plan allowing shares to be purchased at a discount.