Compliance Specialist

The MassMutual Financial Group is a global, diversified financial services organization with more than $395 billion in total assets under management. Our family of companies serves the needs of nearly 13 million clients by providing a broad-based portfolio of financial products and services including: investments, annuities, disability income insurance, life insurance, retirement services/401(k) plans, trust services, mutual funds and long-term care insurance.

 

MassMutual Financial Group is committed to providing an inclusive work environment that capitalizes on the talents and contributions of all employees, regardless of age, race, gender, background, religion, disability, national origin, sexual orientation, or personal interests and beliefs.  We understand the importance of a diverse range of talent and ideas, and encourage our employees to share in this understanding.

 

We foster respect for our employees, and provide a culture where each individual has the opportunity to be just that ? an individual.

 

Our impressive array of talented employees enables us to provide exceptional service to our continually expanding, diverse client base.  The strong growth of our business, ongoing development of new products and expansion into new markets is dependent on the inclusive work environment we maintain.

 

RESPONSIBILITIES:

?Primary responsible for submitting annuity contract filings with state insurance departments including:

?Draft complex annuity contracts and forms and obtain internal approvals with a minimum level of supervision

?Research and evaluate individual state requirements as well as company experience with state distinctions relating to annuity contracts

?Secure State Department of Insurance ("DOI") approvals of annuity contracts in a timely manner; including the negotiating the approval of annuity contracts with State regulators in traditionally difficult states

?Analyzing new legislation as it pertains to state insurance department filings and facilitates appropriate compliance as applicable.

?Maintain applicable files, records, and status reports

?Work with Systems to implement policy forms on print systems

?Establish relationships with members of the review staff of the state insurance departments in key states and with industry colleagues

?Secondary responsibility will involve assisting the IMG Compliance Officer with operational, departmental and corporate compliance requirements including, but not limited to:

?Timely assessment and update of related state insurance, NASD, SEC, IRS and Investment Adviser policies, procedures, systems and staff licensing requirements

?Serving as a daily compliance resource to staff concerning compliance questions, policies and procedures

?Assist in review, update and corporate filing of departmental marketing material

?Serve as Unit Records Coordinator

REQUIREMENTS:

?Ability to work independently with minimal supervision.

?Ability to grasp complex concepts and translate them into clear, concise written language

?Ability to meet required turnaround times and deadlines

?Strong written and verbal communication skills

?Excellent interpersonal, negotiation, and risk assessment skills

?Ability to interact effectively with peers, as well as various business areas such as Claims, Actuarial, Legal and New Business to address business needs

?Strong analytical skills, with the ability to effectively identify, communicate and address potential compliance exposures

?Capable of dealing with ambiguity and frequent change

?Strong relationship building skills

?5+ years state filing experience

?Three to five year insurance contract drafting experience

?Knowledge of Annuity products

?NASD Series 7, 24, 66 or 65 and 63 strongly preferred

 

This opening currently resides in Springfield, MA, however as organizations and their structures evolve, locations may be reevaluated and position location may change.  We are looking for candidates who have flexibility between MassMutual's two locations:  Springfield, MA, Enfield, CT.

 

If you would like to apply to this position, please click here https://secured.kenexa.com/mmutual/cc/CCJobDetailAction.ss?command=CCViewDetail&job_REQUISITION_NUMBER=54482 and click on the "APPLY" button at the bottom of the page.

 

In addition, if you would like to learn more about MassMutual, please visit www.massmutual.com.

 

MassMutual is an Equal Opportunity Employer

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