SIU Compliance Analyst

The SIU Compliance Analyst conducts compliance reviews to help ensure that all Assurant Business Units within scope have appropriate processes and methods to effectively comply with applicable state regulations regarding annual fraud reporting, training of integral anti-fraud personnel and the reporting of questionable claims.  Results are summarized and provided to the Business on a periodic basis to demonstrate compliance with government regulatory agency requirements, contracts, agreements and/or standards.

What will be my duties and responsibilities in this job?

70% Compliance

• Responsible for obtaining, reviewing and compiling data for use in composition and submission of annual reports as required by state and internal governance.  Includes analysis of records, reports, regulations and operating procedures and practices.
• Analyzes records, reports, regulations and operating practices and issues reports on regulatory control adherence.  
• Reviews business controls, policies, and procedures to ensure regulatory compliance.  
• Participates in vendor, DOI and divisional business unit teleconferences where regulatory controls are reviewed.
• Actively participates in state DOI conferences, training and audits.
• Effectively communicates regulatory issues to operations to ensure process compliance and adherence.

25% Analytic Triage Reviews

• Performs daily triage of analytic alerts and accepts or rejects as appropriate.
• Provides feedback to vendors and leadership as to analytic trends.
• Helps ensure analytic scenarios are effective and efficient.
• Develop and present reports.

5% Ad-Hoc

• Participate in special projects and targeted reviews as required.
• Perform testing for new systems and system controls.
• Gather data, compile reports, and analyze findings as needed.

What are the requirements needed for this position?

• 4+ years of SIU or insurance claims experience.
• 4+ years utilizing data analysis and improvement tools.

What other skills/experience would be helpful to have? 

• Associate or bachelor’s Degree.
• Green Belt training or experience with structured process improvement.
• Completion of the NICB Basic and/or Analytics Academies are desirable.
• Certified Insurance Fraud Analyst (CIFA), Fraud Claims Law Specialist (FCLS) or Fraud Claims Law Associate (FCLA) designations and Certified Insurance Fraud Investigator (CIFI) or Certified Fraud Examiner (CFE) designations are preferred.
• Strong knowledge of regulatory requirements governing the mortgage, insurance and/or financial services industry, and operational risk concepts.
• Ability to use MS Excel to enter and correct data, modify a workbook, format a worksheet, format charts, filter date and create basic formulas for data trending.
• Ability to use MS Word for basic formatting, editing and printing function and understands the document page set up.
• Able to develop and implement a review, research regulatory requirements, collect and verify review documentation, assist with preparation of preliminary and final reports and write work papers to summarize findings.
• Possess advanced analytical, data management, critical thinking, organizational, research, oral and written communication skills with strong attention to detail. 
• Ability to drive execution and meet stated deadlines.    
• Ability to multi-task and prioritize tasks.
• The ability to adapt to a dynamic, rapidly changing business and technical environment.
• Demonstrated problem resolution skills.
• Demonstrated understanding of regulatory compliance governing the mortgage, insurance and/or financial services.

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Pay Range:

$53,700.00 - $89,900.00

Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.

Expected application deadline is

07/29/2024

If date is blank then this is a pipeline requisition, and we will continue to collect applications on an ongoing basis.

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