Compliance Manager - Annuity Operations

Position Summary:

NexAnnuity is looking for a detail-oriented, proactive individual to join the Retirement Solutions team as a Compliance Manager in our Annuity Operations group. This role supports both compliance and operational initiatives, ensuring regulatory adherence, refining internal policies and procedures, and promoting operational best practices. The ideal candidate will have a solid understanding of insurance operations, insurance products, and the regulatory framework that governs them.

Key Responsibilities:

• Monitor and interpret regulatory changes affecting insurance operations and ensure company policies and procedures reflect current standards.
• Conduct audits and assessments to verify compliance with industry regulations.
• Identify and resolve compliance vulnerabilities and provide guidance to the team on insurance compliance-related matters.
• Conduct review of complaints, prepare and file responses, maintain complaint logs.
• Conduct compliance review for large annuity cases, perform suitability and enhanced underwriting review; review policy contract exception requests, file company responses and maintain review logs.
• Review of product forms, administration forms, company guides, and manage updates to training materials in response to regulatory changes and carrier updates.
• Review agent contracting and licensing, agent appointments, renewals and terminations, improve and maintain agent contracting/appointment reporting.
• Assist in preparing various reports for senior management and regulatory bodies.
• Participate in the improvement of compliance procedures and operational enhancements.
• Collaborate with operations team to identify and implement process improvements.

Qualifications:

• Bachelor’s degree in Business, Finance, or a related field.
• 5 - 10 years of experience in insurance compliance, operations, or a related insurance industry role.
• Familiarity with regulatory bodies and insurance industry standards.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication abilities.
• Proficiency in Microsoft Office Suite, especially Excel, and compliance management tools.
• Professional certifications such as AIRC, CCP, or similar are a plus.

Preferred Skills:

• Ability to manage multiple priorities in a fast-paced environment.
• Attention to detail and high ethical standards.
• Experience with Third-Party Administrator (TPA) operations.
• Experience with annuities compliance and operations.
• Familiarity with NAIC regulations and state insurance departments.
• Familiarity with state licensing for carrier, agency, and agents, including SBS, NIPR, and Sircon

Compensation & Benefits:

NexAnnuity offers a competitive base salary and bonus based on experience and performance. NexAnnuity offers a generous benefits package that includes an industry leading health insurance plan with no employee premiums or deductibles and a 401(k) plan with employer match. NexAnnuity's talented professionals share a passion for excellence, commitment to teamwork, and pride based on the firm’s track record in the alternative investment industry. NexAnnuity is an Equal Opportunity Employer.