Prudential’s Group Insurance business is undergoing a transformation which includes expanding product offerings and driving sustainable, profitable growth. This role will be accountable for state filings, responding to objections, timely approvals, and maintenance of compliant contractual documents.
Requirements
- Proficient with SERFF
- Expert with all aspects of regulatory interpretation, contract construction and filings
- Competent in assisting analysts in lower positions with assessing and responding to state objections
- Proficient with Microsoft Office applications such as Word, Excel, PowerPoint, and SharePoint
Responsibilities
- Understand new and existing statutory and regulatory requirements and the impact to new and existing products
- Understand state specific filing requirements for membership benefit plans including where filings will be required and what materials will need to be included
- Understand membership benefits plan requests received and participate in identifying the filings needed to support the plan
- Perform analysis of non-standard policy form requests with the ability to determine where additional/expanded filings are required
- Develop policy and certificate language revisions needed to comply with new and existing statutory and regulatory requirements, along with relevant insurance industry best practices, that are clear and conform with regulatory requirements
- Perform state filing and approval process for policy and certificate forms, applications/enrollment forms, rate, and client filings
- Provide thoughtful, accurate, timely status updates for filing initiatives keeping business partners with dovetailing responsibilities informed
Other
- Minimum 5-7 years with contract drafting and filing and/or life and health product development and/or compliance/insurance law experience
- Thorough understanding of group and individual life and health products
- Interacts directly with regulators, highly effective in communicating, negotiating, persuading regulators to obtain form approval
- Handles the most complex state filing challenges with minimal assistance/guidance
- Strong results-orientation, with the desire and drive required to accomplish stated objectives
- Ability to manage projects and work on multiple initiatives concurrently while producing quality work products
- Highly collaborative, routinely seeking the right expertise across the team and Product organization
