Compliance Analyst

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The Opportunity

Root is looking for a Compliance Analyst with a background in insurance compliance or operations to partner with our fastest growing teams to re-enforce the fundamental value on which our company was founded; fairness. In this role, as part of the Compliance Team, you’ll engage with all key areas of the insurance organization as a compliance partner to ensure that our organization adheres to applicable laws and regulations.  We’re searching for a critical thinker who is detail-oriented and eager to help build new processes. The ideal candidate enjoys the pursuit of solving complex problems through the creative ambiguity of a fast-paced technology organization.

Root is a “work where it works best” company. Meaning we will support you working in whatever location that works best for you across the US. We will continue to have our headquarters in Columbus and offices in other locations to give more flexibility and more choice about how we live and work.

Salary Range:  $69,600 - $87,000

How You Will Make an Impact: 

• Handle the intake of compliance-related complaints, notifying stakeholders, and facilitating the collection of information necessary for thorough and timely responses.

• Plays an integral part in conducting regular audits of processes and products, identifying areas for improvement to ensure compliance with regulatory standards

• Manages the intake process for associates to bring forward compliance matters for investigation and/or resolution. 

• Identify compliance trends through cross analysis of complaints, audit and industry data.

• Provides backup support to the company’s leads for responding to data requests and inquiries.

• May serve as a point of contact for interactions with regulatory agencies for defined matters.  

• Draft Monthly,Quarterly, Annual reports and present to business units as needed.

• Act as a resource for the Company for process reviews, product updates, and training.

• Build and maintain processes for the compliance team. 

• Maintains and ensures the completion of compliance related training for the Company.

• Monitor and assess new laws and regulations impacting the organization. Communicate findings to relevant departments to ensure awareness and compliance.

• Tracks and provides a risk assessment on compliance issues to help their manager and business units identify matters for prioritization to map compliance fixes. 

• Assist with various ad hoc projects and tasks as needed, providing analytical support and insights to enhance compliance efforts.

• Other tasks beyond those listed above are expected to consume approximately 5% of your time.  

What You Will Need to Succeed:

• Bachelor’s degree or equivalent experience required.

• 1+ years of compliance or operations experience, preferably in the insurance industry.

• Ability to work cross-functionally with other areas of business with experience building engaged professional partnerships.

• Detail-oriented with a methodical approach to applying compliance processes.

• Self-starter with the ability to work independently and effectively prioritize work.

• Strong communication skills, both written and verbal, to effectively convey compliance information to diverse stakeholders

• Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.

• Exemplary integrity and business ethics, with the ability to maintain confidentiality of sensitive information

Preferred Skills:

• Familiarity with industry-specific regulations and compliance frameworks.

• Experience with complaint management syste