Wealth Management Consultant
Saybrus Partners
Senior Consultant, Specialty Product Filing
Prudential Financial
full-time
Posted on:
Location Type: Remote
Location: Remote • New Jersey • 🇺🇸 United States
Visit company websiteSalary
💰 $107,300 - $166,400 per year
Job Level
Senior
About the role
- 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
- Identify potential impact of language changes on administration, marketing, and claims and formulate alternatives to mitigate the impact
- Research competitor filings to understand the insurance regulatory environment
- Prioritize state filings based on business needs and regulatory requirements
- Assist analysts in lower positions with drafting state specific language, regulatory interpretation, and state objections
- Perform all aspects of the post-approval process for all state filings, including but not limited to validating approved forms, documenting state specific requirements, etc.
- Review state variations on newly approved forms and engage with Legal and Compliance to create language for extraterritorial documentation for assigned states, if necessary
- Provide meaningful feedback on new forms, including input on structure, organization, completeness, technical accuracy, grammar, formatting, and clarity
- Respond to inquiries and requests from internal partners
- Manage projects by identifying impacted business areas and key stakeholders, assign deliverables, manage target dates, and keep reporting manager apprised of challenges
- Act as a liaison with business partners on special projects to keep work moving forward
- Ad-hoc project work or other work as assigned
Requirements
- 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
- Proficient with SERFF
- 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
- 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
- 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
- Curious and inquisitive, connecting ones work to the broader organization and the customer
- Agile and adaptable, embracing and thriving in change
- Strong interpersonal skills, clear communication skills, team orientation, and the desire and ability to work with business partners across the organization
- Proficient with Microsoft Office applications such as Word, Excel, PowerPoint, and SharePoint
Benefits
- The salary range for this role is from $107,300.00 to $166,400.00.
- Market competitive base salaries, with a yearly bonus potential at every level .
- Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave .
- 401(k) plan with company match (up to 4%). Company-funded pension plan.
- Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
- Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
- Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
- Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period), after one year of service.
- Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
contract draftingfilinglife and health product developmentcomplianceregulatory interpretationcontract constructionstate filingpolicy language revisionanalysis of policy formsproject management
Soft skills
communicationnegotiationpersuasionresults orientationcollaborationcuriosityadaptabilityinterpersonal skillsteam orientationproblem-solving
