Group Benefits Compliance Officer

3 days ago


White Plains, New York, United States Lexitas Legal Full time
Role Summary

As a Compliance Manager for our Group Benefits unit at Lexitas Legal, you will play a pivotal role in upholding our reputation for excellence in compliance. This position offers an exciting opportunity to leverage your expertise in insurance compliance, enhance your skills, and contribute to the success of our organization.

Main Duties:

  • Lead the development and maintenance of our Group Benefits compliance framework, fostering strong partnerships with internal and external stakeholders.
  • Monitor regulatory developments, stay informed about emerging trends, and adapt our compliance policies and procedures accordingly.
  • Collaborate with team members to ensure compliance with HIPAA and other relevant data security regulations, overseeing the entire Group Benefits business.
  • Audit and assess third-party partners, focusing on areas for improvement and driving effective remediation.
  • Facilitate compliance change initiatives, working closely with the Company Compliance Action Team to implement new requirements efficiently.
  • Develop and disseminate comprehensive training programs, guaranteeing that employees grasp compliance policies and procedures effectively.
  • Coordinate data collection and analysis efforts, ensuring timely and accurate reporting to regulatory bodies.
  • Participate in creating policy drafts to ensure alignment with applicable laws for life and health insurance products, cooperating with state insurance departments as needed.
  • Escalate allegations of non-compliance, following established protocols for investigation and resolution.

Requirements:

  • Bachelor's degree (Required)
  • At least 5-7 years of direct experience in insurance compliance (Essential)
  • Expert knowledge of group health insurance laws and regulations (Critical)
  • Prioritizes project leadership and multi-priority management, exemplifying decisiveness and strategic thinking.
  • Considers technical skills and continuing education essential to ongoing success in this field.
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