Manager, Compliance - Insurance Compliance Testing & Monitoring

3M HEALTHCARE; Cedar Rapids (IA); On-site; USD 102,000 - 112,000; Full time

Job summary

Transamerica Corporation is seeking a Compliance Officer to lead their insurance compliance department testing team. The role requires a Bachelor's degree and 5+ years in compliance, along with excellent analytical and communication skills.

In this hybrid position, you will conduct annual risk assessments and manage compliance testing efforts, ensuring adherence to state regulations. The role offers a salary range of $102,000 to $112,000, along with performance bonuses.

Qualifications

• Minimum of 5 years of insurance compliance or auditing experience.
• At least 1 year of supervisory experience preferred.
• Understanding of state insurance law and insurance company operations.

Responsibilities

• Complete the annual insurance compliance risk assessment against applicable state insurance laws.
• Develop and execute the annual compliance testing plan.
• Oversee testing to confirm ongoing compliance with state laws.

Skills

Written and verbal communication skills

Analytical skills

Organizational skills

Negotiation skills

Education

Bachelor's degree in business, marketing, political science, pre-law, paralegal

Job description

Job Family Regulatory Compliance

Direct the day-to-day operations of the insurance compliance department’s Testing and Monitoring Team. Perform annual risk assessments and direct all insurance compliance testing programs.

Responsibilities

• Complete the annual insurance compliance risk assessment against applicable state insurance laws and regulations.
• Develop and execute the annual compliance testing plan.
• Oversee testing and monitoring to confirm ongoing compliance with state insurance laws and regulations.
• Partner with key stakeholders to remediate gaps identified through testing.
• Assign and manage projects for technical and administrative staff.
• Review testing workpapers and reports for quality, completeness, and adherence to standards.
• Develop analytical abilities of technical staff to enable them to achieve a higher level of expertise.
• Establish departmental policies and procedures.
• Prepare reports on the operation of the department.
• Work closely with legal and compliance SMEs to ensure in-depth knowledge of regulatory expectations.
• Represent the company at various industry-related meetings.

Qualifications

• Bachelor’s degree in business, marketing, political science, pre‑law, paralegal, or another relevant area.
• Minimum of 5 years of insurance compliance or auditing experience.
• At least 1 year of supervisory experience preferred.
• Excellent written and verbal communication skills.
• Advanced analytical, interpretive, organizational, and negotiation skills.
• Understanding of state insurance law and insurance company operations.

Working Conditions

Hybrid office environment.

Compensation

The salary for this position generally ranges between $102,000 and $112,000 annually. Actual starting pay is determined by qualifications, experience, geography, work location designation (in‑office, hybrid, remote), and operational needs. The position is typically eligible for an annual bonus based on the company’s bonus plan and individual performance, at the company’s discretion.