Product Compliance Analyst

$40,997 - $61,506/Yr

Northwestern Mutual - Milwaukee, WI

posted 2 months ago

Full-time - Mid Level
Milwaukee, WI
Insurance Carriers and Related Activities

About the position

At Northwestern Mutual, we are strong, innovative, and growing. We invest in our people and care to make a positive difference. We are looking for a Product Compliance Analyst to join our high-performing, collaborative team of product compliance professionals. In this role, you will work closely with other Analysts, Specialists, and Consultants within the Product Compliance Division, providing key support in the drafting, compilation, state approval, and production of company forms that require state approval prior to being available for sale. As a Product Compliance Analyst, you will be responsible for creating, maintaining, and providing policy, contract, and other state-regulated company forms to support the operation of the business unit and other company operations. You will leverage your exposure to all of the products that the company offers and be part of the approval and implementation process of our products that are ultimately sold by our Financial Representatives nationwide. Your ability to learn quickly, be detail-oriented, and have a desire to multi-task will set you up for success in this role and open the door to future career opportunities. Your primary duties will include providing appropriate tools and services to support the Product Compliance Management Team in the drafting and filing process of new product forms and changes to existing forms. You will submit all necessary components to state insurance departments in 51 jurisdictions and maintain and organize company policies, contracts, forms, and all other necessary records such as state filing requirements and procedures. Additionally, you will analyze state submission requirements for electronic filings, prepare company forms for production, develop final documentation of standard and state-specific company forms, and perform other miscellaneous duties and project work required to support the goals of the division.

Responsibilities

  • Provide appropriate tools and services to support the Product Compliance Management Team in the drafting and filing process of new product forms and changes to existing forms.
  • Submit all necessary components to state insurance departments in 51 jurisdictions.
  • Maintain and organize company policies, contracts, forms, and all other necessary records such as state filing requirements and procedures.
  • Analyze state submission requirements for electronic filings and determine the appropriate requirements for submission of state-regulated forms to gain state approval.
  • Prepare company forms for production by naming components and uploading them to the company mainframe system.
  • Update assembly instructions for changes as they occur and perform testing duties as requested.
  • Develop final documentation of standard and state-specific company forms.
  • Create and update electronic form repository to be used as a resource by internal company officials.
  • Perform other miscellaneous duties and project work required to support the goals of the division.

Requirements

  • High School diploma or GED required.
  • 2 to 4 years of experience in company contract design and production.
  • Demonstrated strengths in analytical skills.
  • Strong oral and written communication skills.
  • Technical skills related to product compliance.

Benefits

  • Flexible work schedules
  • Concierge service
  • Comprehensive benefits
  • Employee resource groups
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