Join the Team at Milliman: Shaping the Future of Insurance and Risk Management
Milliman, a global leader in actuarial and risk management services, is seeking an experienced P&C Compliance Analyst to join our dynamic team in the Western Region Property and Casualty (P&C) Practice. As a trusted advisor to insurance companies and regulatory bodies, we help navigate complex issues, including retirement funding, healthcare financing, risk management, and regulatory compliance. Our team is dedicated to delivering innovative solutions and exceptional client service.
As a P&C Compliance Analyst, you will play a critical role in developing and revising P&C insurance products, ensuring compliance with regulatory requirements and industry standards. This is a unique opportunity to leverage your expertise in drafting policy coverage forms, performing regulatory research, and collaborating with actuaries, regulatory bodies, and internal stakeholders.
About Milliman
With over 75 years of independence, Milliman has established itself as a market leader in providing services and solutions to clients worldwide. Our company culture values diversity, inclusion, and social impact, and we are committed to creating an environment that recognizes and meets the personal and professional needs of our employees and their families.
At Milliman, we invest in skills training and career development, offering a range of learning and mentoring opportunities to help our employees grow and succeed. Our Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents.
Job Summary
The P&C Compliance Analyst will be part of our team that develops P&C personal and commercial lines insurance products. The successful candidate will contribute to the development and revision of P&C insurance products by performing regulatory and competitive research, drafting coverage forms, and preparing rate and rule manuals, guidelines, and regulatory filing support.
Key Responsibilities:
- Perform regulatory and competitive research to provide guidance to the product development team
- Interpret state laws and regulations to ensure compliance
- Draft policy wording for new and revised policy forms and endorsements compliant with regulations
- Coordinate with actuaries to create and revise rate and rule manuals and underwriting guidelines
- Prepare support for regulatory form filings and consult with actuaries to ensure coverage options are consistent with rating algorithms
- Review filings to ensure regulatory compliance with state-specific regulations, bulletins, and guidance
- Provide solution-oriented guidance to resolve objections from state departments of insurance
- Draft response letters and make filing revisions in consultation with actuaries and clients
- Continue enhancement of skills through formal and informal continuing education
- Complete compliance research projects and summarize results
- Assist with the development of compliance reference materials and facilitate internal training sessions
- Assist with other duties assigned at the direction of Compliance Consultant and/or Project Manager
Requirements
Professional Qualifications:
- Bachelor's degree or equivalent work experience in insurance compliance, claims, underwriting, or legal
- Three or more years of professional experience in P&C coverage forms drafting
- Highly experienced with Microsoft Office products: Word, Acrobat, Teams, Outlook
Personal Qualifications:
- Strong sense of individual responsibility, while collaborating as part of a diversely skilled team
- Takes initiative to work independently without frequent supervisor involvement
- Excellent time management skills, including collaboration across time zones
- Excellent oral and writing skills to communicate with clients, internal teams, and regulators
- Strong critical thinking skills, able to identify critical issues quickly and accurately
- Close attention to detail, especially when following an intricate process
- Driven to produce high-quality work
- Ability to remain organized while working on multiple projects as priorities change in a fast-paced environment
- Excellent proofreading, written, and verbal communication skills
Preferred Qualifications:
- Coursework or certification in general insurance, paralegal, ARC, or CPCU
- Experience with P&C rate, rule, and forms filings with state insurance departments
- Experience working with state regulators or other regulatory entities
- Experience working with P&C rating bureaus such as ISO and AAIS
- Experience with SERFF or other state regulatory filing systems
- Experience with state regulatory websites and compliance software such as Wolters Kluwer, Lexis Nexis, or Westlaw
- Notary license
What We Offer
At Milliman, we offer a competitive salary range of $66,000 - $157,000, depending on experience and qualifications. Our benefits package includes:
- Medical, dental, and vision coverage for employees and their dependents
- A 401(k) plan with matching program and profit-sharing contribution
- Employee Assistance Program (EAP)
- A discretionary bonus program
- Paid Time Off (PTO) starts accruing on the first day of work
- Family building benefits, including adoption and fertility assistance and paid parental leave
- A minimum of 8 paid holidays
- Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
- Flexible spending accounts allow employees to set aside pre-tax dollars
Why Join Us?
As a P&C Compliance Analyst at Milliman, you will have the opportunity to:
- Work with a talented team of professionals in a dynamic and fast-paced environment
- Contribute to the development of innovative insurance products
- Collaborate with actuaries, regulatory bodies, and internal stakeholders
- Enhance your skills and knowledge through ongoing training and development
- Enjoy a competitive salary and benefits package
How to Apply
If you are a motivated and experienced professional looking for a new challenge, please submit your application today. We welcome applications from diverse candidates and are committed to creating an inclusive work environment.
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Milliman is an equal opportunity employer and welcomes applications from all qualified candidates.
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