Address
Form of workManager - Life Policy Compliance
Who we are
Corebridge Financial helps people make some of the most meaningful decisions they're ever going to make. We help them plan and take action to protect the future they envision, and respond to some of life's most difficult moments through the solutions and services we provide. We do this through our broad portfolio of life insurance, retirement and institutional products, offered through an extensive, multichannel distribution network. We provide solutions for a brighter future through our client centered service, breadth of product expertise, deep distribution relationships, and outstanding team of hardworking and passionate employees.
Get to know the business
Life and Retirement is a unique franchise that brings together a broad portfolio of life insurance, retirement and institutional products offered through an extensive, multichannel distribution network. It holds longstanding, leading market positions in many of the markets it serves in the U.S.
Corebridge Financial Global Legal, Compliance, Regulatory and Government Affairs department is comprised of attorneys and other professionals providing high quality advisory and transactional support with integrity and objectivity across all parts of the organization. The team ensures an operating environment that minimizes legal, regulatory and reputational risks and complies with all laws and regulations and Corebridge Financial policies & procedures. This is a global, diverse and award-winning team that has been recognized for its leadership and innovative solutions. You will also be able to participate in Corebridge Financial award-winning pro bono program.
About the role
The Manager, Life Policy Compliance is a member of the Life Product Document Solutions ("LPDS") team and will report to the Vice President, State Filings. The LPDS team is comprised of three focus-based units, each working together to assist in the development, approval, and implementation of life-based products and forms while ensuring compliance with applicable regulatory requirements.
This position operates within LPDS' filing team and will be responsible for the management of activities related to drafting, submission, and maintenance of regulatory filings for the purpose of obtaining state approval of life insurance-based products, riders, and related forms. The Manager, Life Policy Compliance will also manage junior level associates regarding tasks related to such drafting, submission, and maintenance of filings, prioritization of work efforts, and provide education and mentoring to continue the development of the larger team.
Specific Responsibilities
- Manage tasks related to drafting, submission, and maintenance of regulatory filings for the purpose of obtaining state approval.
- With minimal oversight, analyze product features and regulatory requirements to draft contract language in a manner that meets objectives and satisfies readability requirements.
- Coordinate with internal teams including Actuarial, Product, Legal, and Illustrations to ensure intended product features are correctly represented while ensuring compliance with state requirements.
- Interface with regulatory bodies, including the Interstate Compact, to address questions and objections
- Independently perform research related to identify and complete submission requirements such as checklists and certifications.
- Review materials created and/or completed by others to ensure accuracy, completeness, and compliance with regulatory and submission requirements.
- Serve as subject matter expert to provide information or complete tasks in support of product development and the life product portfolio.
- Participate in peer-reviews and editing of draft forms prepared by other team members.
- Prepare summarizations and detailed documentation regarding state specific changes applied to policy forms and communicate those state specific changes to management and various internal teams.
- Maintain documentation related to state objections and requirements as well as other internal processes and information.
- Manage projects and assignments of various sizes related to the drafting, submission, and maintenance of regulatory filings.
- Perform enhanced reviews of materials developed by associates with the goal of identifying areas of improvement and developing a plan to provide mentoring.
- Assist with inquiries related to state examinations and internal projects.
- Serve as a subject matter expert for filing and form related matters.
What you need to know
- Must have proficient knowledge of SERFF filing tools and experience working with state regulators
- Must have working understanding of life insurance, life insurance policy forms, and policy form drafting (would consider someone with the same experience with annuity products)
- Previous state filing experience and experience communicating with state regulatory reviewers.
- Knowledge of state requirements pertaining to life insurance products (prior compliance work with emphasis on life insurance would also be acceptable)
- College degree in business, financial services, or related studies is preferred.
- Knowledgeable with individual life insurance products, functions and administrative systems
- 5+ years' relevant work experience; product compliance experience a plus
- Proven management experience required
- Excellent research and project management skills
- Impeccable attention to detail, ability to create detailed reports and run analysis
- Strong organization and follow-up skills
- Excellent MS Office (Word, Excel, Access, PowerPoint) skills
- Demonstrates an ability to meet multiple, dynamic demands on a daily basis and to balance those demands with the ability to plan and execute tactics for the future
- Excellent communication skills, both verbal and written, and an ability to simplify complex concepts
- Highly collaborative nature with an ability to build consensus and influence
- Ability to work with limited guidance and provide recommendations
- Self-starter, driven, ethical
What our employees like most about working for Corebridge Financial Life & Retirement
- We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
- Our "Giving Back" policy is at the core of our daily operations and guides our future progress. Don't believe us? We put our money where our mouth is! Corebridge Financial will give you up to 16 hours a year paid time off to volunteer in the community.
- Our people are our most important asset therefore we provide a generous benefits plan and competitive pay.
Benefit package includes
- Paid Time Off Corebridge Financial recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24!
- 17 paid holidays per calendar year.
- A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus Corebridge Financial automatically contributes an additional 3% into your 401K regardless of if you enroll or not.
For positions based in Jersey City, NJ the base salary range is $73,000- $110,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.
For positions based in Woodland Hills, CA the base salary range is $73,000- $110,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.
For positions based in New York, NY the base salary range is $77,000- $110,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: Benefits Overview.
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We are an Equal Opportunity Employer
Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation. At Corebridge Financial, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: www.corebridgefinancial.com
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com. Reasonable accommodations will be determined on a case-by-case basis.
Functional Area:
LG - Legal, Regulatory & Gov't Affairs
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
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