State Filing Senior Analyst

at Sun Life Financial (U.S.) Services Company, Inc. in South Portland, Maine, United States

Job Description

You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:
At Sun Life, we look for optimistic people who want to make life brighter for ourClients.We understand the value of diverse cultures, perspectives, and identities, and want you to bring your full and authentic self to work.Every day,you'll be empowered and challengedbyworking withdynamic colleaguesto find new and innovative ways to make Sun Life the best benefits company in America.

The opportunity: The State Filing Senior Analyst is part of the State Filing team within the Sun Life Financial Compliance Division. The analyst works with internal & external clients to develop insurance contract language related to product development initiatives and is then responsible for filing the required product forms with the state insurance departments. The analyst may also performs compliance and regulatory activities related to the Sun Life's group insurance products.

How you will contribute:
Represent State Filing on divisional product development initiatives.
Compose legally defensible and administratively correct contract language for new products and product enhancements which accurately reflects marketing intent and conforms to statutory and regulatory requirements for each state.
Manage nationwide submission of rates and policy forms.
Develop state filing strategies to ensure timely submission of new products or product enhancements.
Negotiate timely approval with state regulatory agencies while maintaining product .competitiveness, preserving language uniformity, and limiting exposure to unintended risks.
Respond to state objections in accordance with established time frames.
Maintain approval records and reference libraries.
Respond to inquiries from business partners regarding product-related issues and submission strategies.
Communicate state variations of standard product to the impacted business and systems areas.
Provide management reports regarding the status of filing projects.
Participate in compliance implementation activity when changes in statutes or regulations impact contractual provisions.
Analyze legislation to determine impact to products; maintain documentation of changes made in response to newly enacted laws.
Research and respond to customer inquiries on compliance issues; communicate changes as needed to customers. Perform managed care network oversight and make state filings as required.
Coordinate and prepare statutory surveys and reports based on annual calendar.
Participate in state insurance department market conduct examinations as they pertain to contract filings and product approvals.
Assist Compliance and Law with litigation or acquisition exhibits.

What you will bring with you:
Ability to work with a diverse range of people
3-5+ years of State Filing experience, preferably within insurance industry with voluntary and group STD, LTD, Life, Stop Loss, Dental, Vision and Supplemental Health (i.e., Critical Illness, Accident, Cancer, Hospital Indemnity coverages) products/policies
Knowledge of insurance compliance and company products including voluntary and group STD, LTD, life stop loss, dental, vision and supplemental health (i.e., critical illness, accident, cancer, hospital indemnity coverages) products
ABA approved paralegal program and/or insurance designation/license a plus but not required
J.D. or College degree preferred
Experience with SERFF and Microsoft Office applications such as Word & Excel.
Experience with Interstate Insurance... For full info follow application link.

Sun Life Financial is an equal employment and affirmative action employer. All qualified applicants will receive consideration without regard to race, color, sex, religion, age, national origin, disability, veteran status, sexual orientation, gender identity or expression, marital status, ancestry or citizenship status, genetic information, pregnancy status or any other characteristic protected by law. Sun Life Financial is committed to building a diverse and inclusive company culture.

Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter – for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at to learn more.

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Job Posting: 991676

Posted On: Sep 28, 2023

Updated On: Oct 18, 2023

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