SIU Compliance Analyst

The SIU Compliance Analyst conducts compliance reviews to help ensure that all Assurant Business Units within scope have appropriate processes and methods to effectively comply with applicable state regulations regarding annual fraud reporting, training of integral anti-fraud personnel and the reporting of questionable claims.  Results are summarized and provided to the Business on a periodic basis to demonstrate compliance with government regulatory agency requirements, contracts, agreements and/or standards.

What will be my duties and responsibilities in this job?

70% Compliance

• Responsible for obtaining, reviewing and compiling data for use in composition and submission of annual reports as required by state and internal governance.  Includes analysis of records, reports, regulations and operating procedures and practices.
• Analyzes records, reports, regulations and operating practices and issues reports on regulatory control adherence.  
• Reviews business controls, policies, and procedures to ensure regulatory compliance.  
• Participates in vendor, DOI and divisional business unit teleconferences where regulatory controls are reviewed.
• Actively participates in state DOI conferences, training and audits.
• Effectively communicates regulatory issues to operations to ensure process compliance and adherence.

25% Analytic Triage Reviews

• Performs daily triage of analytic alerts and accepts or rejects as appropriate.
• Provides feedback to vendors and leadership as to analytic trends.
• Helps ensure analytic scenarios are effective and efficient.
• Develop and present reports.

5% Ad-Hoc

• Participate in special projects and targeted reviews as required.
• Perform testing for new systems and system controls.
• Gather data, compile reports, and analyze findings as needed.

What are the requirements needed for this position?

• 4+ years of SIU or insurance claims experience.
• 4+ years utilizing data analysis and improvement tools.

What other skills/experience would be helpful to have? 

• Associate or bachelor’s Degree.
• Green Belt training or experience with structured process improvement.
• Completion of the NICB Basic and/or Analytics Academies are desirable.
• Certified Insurance Fraud Analyst (CIFA), Fraud Claims Law Specialist (FCLS) or Fraud Claims Law Associate (FCLA) designations and Certified Insurance Fraud Investigator (CIFI) or Certified Fraud Examiner (CFE) designations are preferred.
• Strong knowledge of regulatory requirements governing the mortgage, insurance and/or financial services industry, and operational risk concepts.
• Ability to use MS Excel to enter and correct data, modify a workbook, format a worksheet, format charts, filter date and create basic formulas for data trending.
• Ability to use MS Word for basic formatting, editing and printing function and understands the document page set up.
• Able to develop and implement a review, research regulatory requirements, collect and verify review documentation, assist with preparation of preliminary and final reports and write work papers to summarize findings.
• Possess advanced analytical, data management, critical thinking, organizational, research, oral and written communication skills with strong attention to detail. 
• Ability to drive execution and meet stated deadlines.    
• Ability to multi-task and prioritize tasks.
• The ability to adapt to a dynamic, rapidly changing business and technical environment.
• Demonstrated problem resolution skills.
• Demonstrated understanding of regulatory compliance governing the mortgage, insurance and/or financial services.

#LI-remote

Pay Range:

Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.

Expected application deadline is

If date is blank then this is a pipeline requisition, and we will continue to collect applications on an ongoing basis.

Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.

For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.

What’s the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 13 countries and awarded the Fortune America’s Most Innovative Companies recognition in 2023, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.

Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.