Compliance Analyst - Western Region Property and Casualty (remote)

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development, and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG’s) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site to learn more about Milliman’s commitments to our people, diversity and inclusion, social impact and sustainability: https://careers.milliman.com/en/

Milliman’s Western Region Property and Casualty (P&C) Practice focuses on developing innovative insurance products for traditional and start-up insurers and the associated state regulatory rate filing support. We also provide actuarial consulting on projects that feature a wide variety of actuarial techniques, including reserving, predictive modeling, telematics, by-peril and catastrophe rating, rate development, rate indications, etc.

What You Will Do

Milliman’s Property & Casualty Compliance team is charged with preparing, submitting, and maintaining crucial documentation for our clients, related to the products that they introduce to the P&C market. Our team works collaboratively with actuaries, regulatory bodies, and one another. The Compliance Analyst complements the team with their legal, compliance, financial, and/or insurance experience.

Responsibilities in this role will include:

• Draft policy wording forms, rule manuals, and support for new and existing insurance products
• Consult with actuaries to ensure coverage options are consistent with rating algorithm
• Create rating and underwriting rules in consultation with actuaries developing rates
• Coordinate filing preparation including integrating rate and model support from actuaries
• Review state-specific rules and regulations to ensure filing materials are compliant prior to filing
• Upload and maintain form, rate, rule, underwriting, and model filings across all U.S. jurisdictions
• Draft response letters and make filing revisions in response to regulatory objections in consultation with actuaries and clients
• Coordinate and maintain rate service organization and other licensing filings
• Maintain libraries of filings and manuals for clients
• Assist with the development and maintenance of compliance reference materials and facilitate internal training sessions
• Complete …