Global Atlantic is seeking to ensure product contracts of its Insurance businesses are written in accordance with applicable laws and regulations, and to gain new product approvals for various insurance products with state Departments of Insurance.
Requirements
- Strong knowledge of insurance products and sales practices, and the ability to comprehend regulatory changes.
- Knowledge and experience in annuity, 401K annuity, pension risk transfer, and/or funding agreement experience preferred.
- Familiarity with key aspects of insurance administration.
- PC skills, including experience with Microsoft Office, Adobe Professional and other applicable software.
- A working knowledge of regulatory requirements as they pertain to life insurance and annuities and experience with SERFF.
Responsibilities
- Draft contract provisions for new products, with a primary focus on retail annuity products, through collecting and coordinating business requirements from the internal product implementation, actuarial, legal, compliance, operations, and sales teams.
- Develop project timelines and tasks for state product submissions and set expectations for the state approval timelines for the business.
- Analyze legal standards of state insurance laws and/or Interstate Insurance Product Regulation Commission standards in relation to new product development initiatives including impacts to policy and contract form language.
- Correspond and negotiate with state regulators on objections to product submissions and prepare responses.
- Oversee and prepare new product submissions in SERFF and proactively seek ways to streamline the submission process to decrease time between submission and approval.
- Review, file, and gain approval, where required, of consumer advertising and enterprise branding initiatives.
- Maintain record of regulated forms history; coordinate with business areas to ensure proper forms are available and used.
Other
- Seven or more (7+) years of experience in the annuity and/or life insurance industry with preference of three or more (3+) in a legal, compliance or product development related function.
- Exceptional communication abilities to articulate complex requirements verbally and through technical writing, along with negotiation and interpersonal skills.
- Our employees are in the office 5 days per week in New York and 4 days per week in all other offices.
- Future adjustments may include obtaining specific licenses or certifications to comply with operational needs and conform to applicable industry-specific regulatory requirements, state and federal laws.
- Annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives.
