Compliance Analyst, Regulatory & Product Filings
2 days ago
Parsippany
Job Description About Us: Delta Dental of New Jersey, established in 1969 as the state's largest dental coverage provider, has grown over more than 50 years to serve over 1.7 million people across New Jersey and Connecticut. As part of the national Delta Dental Plans Association, we connect over 75 million people with quality dental coverage through 139,000 groups nationwide. In Connecticut, we operate through Delta Dental of Connecticut, Inc., which writes fully insured dental coverage. In New Jersey, Delta Dental of New Jersey, Inc. writes fully insured and self-funded dental benefit programs. Our comprehensive offerings include managed care, approved fee for service, PPO, and HMO-type programs, as well as dental access and individual dental plans. We also offer DeltaVision® in conjunction with VSP®, serving more than 88 million members through nearly 137,000 access points nationwide. With a team of 300 dedicated employees, we remain committed to innovation and excellence in dental insurance, as reflected in our Standard & Poor's "A+" rating for financial strength. Our commitment extends beyond business through the Delta Dental of New Jersey Foundation, which awards nearly $1 million annually to support dental care for underserved populations, educational scholarships, and community programs. Our Mission Statement is to promote oral health to the greatest number of people by providing accessible dental benefit programs of the highest quality, service, and value. Join our growing team and be part of an organization that values associate development, promotes wellness initiatives, supports diversity, and provides opportunities to volunteer for causes you care about. Benefits: In addition to a great culture, we offer excellent benefits including medical, RX, dental and vision, life insurance, short- and long-term disability, spending accounts, and matching 401k. We value our associates and support everyone with learning and development, recognition programs, active wellness and diversity initiatives, tuition reimbursement, and generous paid time off to recharge – even paid time off to volunteer at causes that you care about. * see below for additional benefit information. Job Summary The Legal & Compliance team is seeking a Compliance Analyst to manage the regulatory lifecycle of our insurance products. In this role, you will draft and file compliant contract forms for our dental, vision, and other innovative insurance product offerings. You will be responsible for securing product approvals with state Departments of Insurance. This position is highly collaborative, requiring you to support the product implementation team with enterprise-wide product development. The successful candidate will also be responsible for reviewing and collaborating on strategic and marketing initiatives across the organization to help ensure that business goals are achieved in a legally compliant manner. Essential Functions & Responsibilities • Draft and develop policy forms for group dental, vision, and other insurance products by coordinating requirements from product, actuarial, legal, operations, and sales teams., • Prepare and manage all new product submissions via the System for Electronic Rates & Forms Filing (SERFF), continuously seeking to streamline the process and reduce approval times., • Analyze state insurance laws and Interstate Insurance Product Regulation Commission (IIPRC) standards to guide new product development and ensure compliance of all contract language., • Serve as a primary point of contact with state regulators, skillfully negotiating and preparing responses to objections to secure product approvals., • Manage project timelines for state product submissions, setting clear expectations for internal stakeholders on approval timelines., • Collaborate with the marketing team to review and file advertising materials, ensuring all consumer-facing content complies with federal and state regulations., • Create and maintain clear marketing material review guidelines for the organization., • Own and maintain the library of regulated forms, coordinating with business areas to ensure proper versions are always in use., • Support new product implementation by providing final, approved disclosure and contract language to the project teams., • Act as a subject matter expert for internal operations and third-party administrators, ensuring in-force products are administered according to approved policy language., • Administer the enterprise contract management system for the Legal & Compliance department, managing system logistics and user access. DDNJ Competencies Accountability Strategic Thinking Organizational Agility Financial Acumen Confidentiality Ethics and Values Problem Solving-Analysis Attention to Detail Ability to Maintain Composure Intellectual Horsepower Knowledge, Skills & Abilities Technical and Functional • Proficiency with SERFF and a working knowledge of state regulatory requirements pertaining to health insurance compensation., • Deep understanding of group insurance products, sales practices, and the ability to comprehend and apply regulatory changes., • Exceptional communication skills, with proven ability in technical writing, negotiation, and articulating complex requirements., • Familiarity with key aspects of insurance administration and operations., • Excellent time management skills and ability to plan and set priorities. The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Ability to sit and perform extensive close keyboard and PC work, • Ability to walk, talk, or hear, • Ability to meet deadlines and attendance standards., • The noise level in the work environment is usually moderate. Experience Required • 4+ years of experience in the group health insurance industry., • Bachelor's degree strongly preferred, • Benefit Disclaimer: The benefits set forth in this posting reflect DDNJ’s benefits policies in place at the time of posting, as are made available to other similarly situated employees of DDNJ, although participation is at all times in accordance with and subject to the eligibility and other provisions of such plans and programs. DDNJ reserves the right, in its sole discretion, to prospectively modify or terminate any of its benefits plans or programs at any time and for any reason, to the extent permitted by applicable law. DDNJ complies with all applicable state and federal wage and hour, pay equity and pay transparency laws. Primary Location Full Time Salary Range: In addition to salary, Delta Dental of New Jersey’s offerings may also include, for eligible employees, discretionary and formulaic incentive awards. Available offerings may vary by geographic location, job level, skills, experience, qualifications, education and date of hire. Delta Dental of New Jersey is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, ancestry, sex, sexual orientation, gender identity, national origin, genetics, disability, marital status, age, veteran status, domestic partner status, medical condition or any other characteristic protected by law. Delta Dental of New Jersey invites all qualified interested applicants to apply for career opportunities.