Job description
Workers’ Compensation Regulatory Compliance Analyst
Job Summary
Seeking a highly skilled and experienced Workers’ Compensation Regulatory Compliance Analyst to join a growing insurance organization. This newly created, high-visibility role will report directly to the Chief Executive Officer and serve as a central point of coordination among various departments, including actuarial, underwriting, operations, IT, external consultants, and rating bureaus. The successful candidate will play a critical role in ensuring regulatory compliance, managing state filings, supporting policy administration, and driving product-related initiatives. This is a hands-on position with significant opportunities for professional growth and leadership development as the compliance function evolves.
Compensation Package
- Target Compensation: $100,000 - $165,000 + Bonus
- Competitive benefits package, including paid time off.
- Long-term growth potential as the compliance function and organization expand.
Responsibilities
- Monitor workers’ compensation laws, regulations, Department of Insurance directives, NCCI updates, and independent rating bureau changes.
- Evaluate regulatory developments and communicate their impact on policies, rates, forms, procedures, systems, and business operations.
- Coordinate the preparation, review, and submission of workers’ compensation forms, rates, rules, endorsements, and state-specific filings.
- Collect, process, analyze, and validate policy and regulatory data for external filing and reporting partners.
- Review and edit policy forms, endorsements, state amendments, and coverage language.
- Manage responses to state insurance department inquiries, including objections, revisions, approvals, and disapprovals.
- Serve as a liaison among actuarial, underwriting, operations, IT, compliance, vendors, brokers, and external consultants.
- Ensure filing materials, policy changes, system requirements, and supporting documentation are accurate, complete, and delivered on time.
- Support internal compliance reviews, audits, data analysis, and documentation of findings and recommendations.
- Assist with policy and system conversions, rate changes, product updates, and regulatory implementations.
- Maintain up-to-date knowledge of evolving laws, regulations, filing requirements, and industry trends.
- Develop and maintain compliance procedures, workflows, tracking systems, and documentation.
- Support geographic expansion and future growth initiatives, including acquisitions.
- Assist in developing and overseeing the organization’s fraud and Special Investigation Unit function (training provided if needed).
- Perform other regulatory, product, and compliance-related responsibilities as assigned.
Qualifications/Requirements
- Bachelor’s degree or an equivalent combination of education and relevant professional experience.
- Minimum of 3 years of experience in insurance regulatory compliance, product, or filing; deeper experience in workers’ compensation is preferred.
- Knowledge of workers’ compensation regulations, NCCI requirements, rating bureaus, SERFF, and state filing procedures.
- Experience with policy forms, endorsements, state amendments, rate filings, rules, and regulatory research.
- Familiarity with Department of Insurance interactions, including filing objections, approvals, and regulatory changes.
- Experience working across actuarial, underwriting, operations, IT, product, and compliance functions.
- Strong research, analytical, writing, and data-reviewing skills.
- Exceptional organizational skills and attention to detail, with the ability to manage multiple deadlines and shifting priorities.
- Strong verbal and written communication skills.
- Proactive, hands-on approach with the ability to identify issues, recommend solutions, and follow through to completion.
- Ability to work independently while maintaining strong cross-functional relationships.
- Preferred experience in internal audit, system conversions, multi-state filings, or insurance data analysis.
- Preferred experience with Florida, North Carolina, or Texas, or with multi-jurisdictional insurance requirements.
- Insurance or compliance designations are welcome but not required.
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