Senior Compliance Analyst – Due Diligence
Cnect
full-time
Posted on:
Location Type: Hybrid
Location: Dallas • Texas • United States
Visit company websiteExplore more
Salary
💰 $106,000 - $141,000 per year
Job Level
About the role
- Conduct upfront and ongoing due diligence on insurance products, including but not limited to:
- Life insurance (term, whole, universal life)
- Variable and fixed annuities
- Fixed indexed annuities
- Long-term care and hybrid products
- Disability insurance
- Perform carrier-level due diligence, including:
- Financial strength and ratings analysis
- Review of statutory filings and public disclosures
- Evaluation of governance, risk management, and operational controls
- Review and assess materials from third-party due diligence providers, regulatory bodies, and rating agencies.
- Analyze product structures, fees, surrender charges, riders, guarantees, illustrations, and disclosures for compliance with regulatory and firm standards.
- Monitor regulatory developments impacting insurance products (e.g., state insurance regulations, NAIC model regulations, suitability and best interest standards).
- Summarize due diligence findings in clear, concise written reports for presentation to internal product, compliance, and risk committees.
- Identify, document, and escalate emerging risks or issues related to existing insurance products or carriers.
- Partner with internal stakeholders (Compliance, Legal, Product Management, Risk, and Advisor Support) to support product governance initiatives.
- Respond to inquiries from advisors and internal partners regarding approved insurance products and historical offerings.
- Participate in periodic product reviews, audits, and remediation efforts as needed.
- Attend industry meetings, regulatory briefings, and conferences to remain current on insurance market and compliance trends.
- Participate in periodic reviews of unique life insurance and annuity cases.
Requirements
- Bachelor’s degree or equivalent experience required.
- Minimum 5+ years of experience in insurance compliance, product due diligence, risk management, or a related regulatory role.
- Demonstrated experience reviewing insurance products and/or carriers within a regulated financial services environment.
- Strong understanding of insurance products and distribution models, including annuities and life insurance.
- Working knowledge of insurance regulatory frameworks, including state insurance regulations and NAIC guidance.
- Ability to analyze complex product features and disclosures and assess compliance and risk implications.
- Experience reviewing financial statements, carrier ratings, and solvency indicators.
- Excellent written and verbal communication skills, with the ability to present complex findings to varied audiences.
- Strong analytical skills with the ability to synthesize large volumes of information into key risks and recommendations.
- High attention to detail and strong organizational skills.
- Ability to manage multiple projects and deadlines in a fast-paced environment.
- Self-motivated professional capable of working independently and collaboratively.
Benefits
- Up to 15% travel 📊 Check your resume score for this job Improve your chances of getting an interview by checking your resume score before you apply. Check Resume Score
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
insurance productslife insurancevariable annuitiesfixed annuitieslong-term care productsdisability insurancefinancial strength analysisregulatory compliancerisk managementproduct due diligence
Soft Skills
written communicationverbal communicationanalytical skillsattention to detailorganizational skillsproject managementself-motivatedcollaborativepresentation skillssynthesis of information
Certifications
Bachelor's degree