Product Compliance Analyst II

Tower Hill Insurance Group - Gainesville, FL

Full-time - Mid Level

Hybrid - Gainesville, FL

Insurance Carriers and Related Activities

About the position

Tower Hill Insurance Group has an exciting opportunity for a talented and experienced Product Compliance Analyst who enjoys intellectual challenges and is seeking a rewarding career with a company that is experiencing growth. Not only is Tower Hill Insurance one of Florida's most trusted names in homeowners insurance, but it offers great opportunities for career advancement and personal growth, along with very competitive benefits and rewards. We are growing at a consistent pace and seek professional individuals with drive, team mentality, who want to make an impact, and are committed to a long-term career in the insurance industry. The Product Compliance Analyst is a key role to ensure our Personal Lines and Commercial Lines policy forms are accurate, in compliance, producing effectively and supporting our company's goal to offer a competitive coverage product to our members. The Product Compliance Analyst works closely with Actuarial, Underwriting, Marketing, Commercial and Claims to develop forms, product manuals, product comparisons and product communications. A successful candidate for this position is engaged, has excellent time management skill, written and verbal communication, and ability to manage multiple mid-large projects to completion while meeting deadlines.

Responsibilities

• Create and enhance the company's product including forms, manuals, member policy package, implementation of forms, etc.
• Draft and prepare filings and responses to negotiate approval for form and rule filings with the Department of Insurance (DOI) and Office of Insurance Regulation (OIR).
• Perform competitive research of primary competitors for opportunities for improvement.
• Interpret insurance forms, statutes, rules, regulations, develop conclusions, and make recommendations.
• Perform analysis of existing forms and manuals on a regularly scheduled basis for effectiveness.
• Research and analyze external information sources to provide updated, accurate competitive analysis including rates, guidelines, and forms coverage information.
• Compile, analyze and report on product market trends to assist in determining product strategy.
• Perform User Acceptance Testing for accuracy of enhancements and modifications of forms installations, identify, document and report discrepancies found.
• Work independently and manage projects and assignments, prioritizing workload to ensure deadlines are met.
• Perform all responsibilities using established department processes, quality control procedures and checklists.
• Effectively manage medium-large projects simultaneously to completion, while meeting deadlines.
• Perform program audits as needed and required.
• Other duties as assigned.

Requirements

• Proficient with I-File and SERFF.
• Strong written and verbal communication skills.
• Experience in interpreting insurance forms, statutes, rules, regulations and performing analysis, developing conclusions, and recommendations.
• Strong organizational, time management, attention to detail and analytical skills.
• Ability to read and interpret statutes, rules, and regulations.
• Ability to organize and prioritize workload.
• Ability to communicate effectively.
• Proficiency with various computer systems including MS Word, Excel, PowerPoint, Adobe, and Outlook.

Nice-to-haves

• Insurance designations are a plus.

Benefits

• Medical
• Dental
• Vision
• Life & Accidental Death and Dismemberment (AD&D), and Disability Insurance
• 401 (k)
• Health Savings Account
• Accident and Cancer insurance plan