Compliance & Risk Analyst, 3376

Hannover Re; Kansas City (MO); On-site; USD 79,000 - 107,000; Full time

Benefits offered by this job

Medical, dental, and vision benefits

Paid Time Off (PTO)

Life insurance and disability benefits

401(k) and profit sharing

Job summary

Hannover Re Services seeks a Compliance & Risk Analyst to support third-party oversight and risk management by conducting audits of delegated authority partners in the Glencar Insurance Company department. The role focuses on ensuring regulatory and contractual compliance and strengthening internal controls.

The position involves contributing to enterprise risk management, documenting risk governance, and performing due diligence on prospective partners.

Qualifications

• B.S. or B.A. from an accredited college or university (finance or accounting preferred).
• Experience implementing processes, internal controls systems and process improvements (controls audit experience a big plus).
• At least 5 years of insurance industry (P&C) experience.
• Demonstrable skills with MS Office and similar business software applications.
• Excellent verbal and written communication skills.
• Excellent planning, problem solving and critical thinking skills.
• Effective organization and time management skills with the ability to work under pressure and adhere to project deadlines.
• High degree of initiative, mature judgment, and discretion.
• Ability to quickly adapt to changing situations.
• Strong analytical skills.

Responsibilities

• Conduct financial and operational audits of program partners with delegated underwriting and claims handling authority.
• Assess compliance with contractual obligations, regulatory requirements, and Company policies.
• Evaluate the design and operating effectiveness of controls supporting delegated underwriting and claims processes.
• Support enterprise risk management initiatives and other compliance monitoring activities.
• Work with various functional areas to maintain risk governance documentation (process narratives, risk & controls matrices).
• Support internal controls testing and implementation of corrective action plans.
• Perform operational, financial, and compliance due diligence reviews of prospective delegated authority partners.

Skills

Communication

Adaptability

Analytical

Planning

Time Management

Collaboration

MS Office

Problem Solving

Education

B.S. or B.A. in finance or accounting (preferred)

Job description

Hannover Re Services is currently seeking talented candidates for our open Compliance & Risk Analyst position. This is a Full-Time role within the Glencar Insurance Company department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

You can look forward to

Job Summary

The Compliance & Risk Analyst supports the Company's third-party oversight and risk management programs by conducting financial & operational compliance audits of our delegated authority partners. The objective of these audits is to ensure compliance with the key terms of the Program and Claims Administrator agreements, including applicable regulatory requirements. The role also supports the Company's enterprise risk management framework by partnering with business stakeholders to identify, document, implement, and monitor internal controls.

Essential Functions

• (70%) Program Partner Audits:
  • Conduct financial and operational audits of program partners (agents and claims TPAs) with delegated underwriting and claims handling authority.
  • Assess compliance with contractual obligations, regulatory requirements, and Company policies.
  • Evaluate the design and operating effectiveness of controls supporting delegated underwriting and claims processes.
• (20%) Risk Management:
  • Support enterprise risk management initiatives and other compliance monitoring activities.
  • Work with various functional areas to maintain risk governance documentation (process narratives, risk & controls matrices).
  • Support internal controls testing and implementation of corrective action plans.
• (10%) New Delegated Authority Program Due Diligence:
  • Perform operational, financial, and compliance due diligence reviews of prospective delegated authority partners.

You come equipped with

Competencies

• Communicates Effectively
• Sitatuional Adaptability
• Resourcefulness
• Manages Complexity
• Collaborates

Essential Knowledge, Skills And Abilities

• B.S. or B.A. from an accredited college or university (finance or accounting preferred)
• Experience implementing processes, internal controls systems and process improvements (controls audit experience is a big plus)
• At least 5 years of insurance industry (P&C) experience
• Demonstrable skills with MS Office and similar business software applications
• Excellent verbal and written communication skills
• Excellent planning, problem solving and critical thinking skills
• Effective organization and time management skills with the ability to work under pressure and adhere to project deadlines
• High degree of initiative, mature judgment, and discretion
• Ability to quickly adapt to changing situations
• Strong analytical skills

Travel

• 20% - Domestic travel with overnight stays

Total Compensation (Inclusive of Base + Bonus)

• $79,100 - $107,000

Benefits Include

• Comprehensive medical, dental, and vision
• Paid Time Off (PTO)
• Company provided life insurance and disability benefits
• 401(k) and profit sharing
• Additional ancillary benefits available

Hannover Life Reassurance Company of America (Hannover Re) seeks to attract the best-qualified candidates who support the mission, vision and values of the company and those who respect and promote excellence through diversity. We are committed to providing equal employment opportunities (EEO) to all employees and applicants without regard to race, color, creed, religion, sex, age, national origin, citizenship, sexual orientation, gender identity and expression, physical or mental disability, marital, familial or parental status, genetic information, military status, veteran status or any other legally protected classification. The company complies with all applicable state and local laws governing nondiscrimination in employment and prohibits unlawful harassment based on any of the aforementioned protected classes at every location in which the company operates. This applies to all terms, conditions and privileges of employment including but not limited to: hiring, assessments, probation, placement, benefits, promotion, demotion, termination, layoff, recall, transfer, leave of absence, compensation, training and development, social and recreational programs, educational assistance and retirement.

We are committed to making our application process and workplace accessible for individuals with disabilities. Upon request, Hannover Re will reasonably accommodate applicants so they can participate in the application process unless doing so would create an undue hardship to Hannover Re, or a threat to these individuals, others in the workplace or the company as a whole. To request an accommodation, email [e-mail]. Please allow for 24 hours to process your request.

We will accept applications until a candidate has been identified and selected to fill this position.