Alternate Locations: Work from Home
Work Arrangement:
Hybrid/Flexible : Work at home and use the office as appropriate for in-person collaboration.
Relocation assistance: is not available for this opportunity.
Requisition #: 71607
The Role at a Glance
As a Product Compliance Specialist, you will perform and deliver on routine assignments and projects while simultaneously leveraging and applying knowledge of your assigned area of responsibility. You will develop and execute processes and plans to ensure compliance related to the drafting, regulatory filing, and/or implementation of insurance forms and/or products for Lincoln Financial. This will be primarily supporting our group insurance products, including but not limited to group disability income, critical illness, dental, and statutory insurance.
What you’ll be doing
Communication
- Provides effective and open communication with internal/external stakeholders to ensure transparency and consistency of compliance actions.
- Identifies and communicates risks to management.
- Obtains input from management as appropriate before making internal/external statements or providing information that could impact the corporation.
- Participates in product and filing requirement discussions with internal stakeholders.
- May participate in various industry association meetings as a representative of compliance.
- Escalates identified risks to management as needed.
Organizational
- Promotes and enhances organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within compliance.
- Maintains knowledge on current and emerging developments/trends for assigned area(s) of responsibility, assess the impact, and collaborates with management to incorporate new trends and developments in current and future solutions.
- May review and/or implement policy print on related print systems for compliance. Confers with internal and external stakeholders to resolve issues relevant to securing approval and/or use of forms and/or rates, or to revise products or procedures for compliance with new laws.
- May draft, and/or file all applicable forms and/or applications by identifying and complying with regulatory requirements within Lincoln Financial.
Compliance Analysis
- Develops and performs compliance reviews and analysis to assess compliance with internal controls and regulatory requirements for his/her assigned area(s) of responsibility.
- Develops and maintains compliance review documentation of group insurance products, including but not limited to group term life, AD&D, accident only, and hospital indemnity insurance.
- Manages, conducts and/or participates in compliance projects for Lincoln Financial.
- Prepares responses to regulatory inquiries for compliance.
- Prepares responses for audit inquiries for compliance.
- Prepares, updates and/or files applicable compliance reports, forms, and/or contracts for his/her assigned area(s) of responsibility.
- May provide ongoing compliance review of all related marketing, product, service and/or sales materials.
- Performs analysis and communicates recommended changes as a result of new and/or revised State and Federal laws and regulations affecting compliance.
- Researches, compiles and reviews state laws and regulations using appropriate databases, the internet and other resources as assigned.
- Reviews work product of other team members.
What we’re looking for
- 4 Year/Bachelor’s degree or 4+ years of comparable work experience
- 1-3 years of experience in compliance, operations, claims, customer service, or related fields that directly aligns with the specific responsibilities for this position.
- A demonstrated track record of consistently meeting and/or exceeding performance expectations. Insurance industry experience preferred.
What’s it like to work here?
At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.
What’s in it for YOU:
- A clearly defined career framework to help you successfully manage your career
- Leadership development and virtual training opportunities
- PTO/parental leave
- Competitive 401K and employee benefits
- Free financial counseling, health coaching and employee assistance program
- Tuition assistance program
- A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
- Effective productivity/technology tools and training
Pay Range: $51,900 – $89,800
Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.
About The Company
Lincoln Financial Group, a Fortune 200 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas – Life Insurance, Annuities, Retirement Plan Services and Group Protection – focus on supporting, preserving and enhancing over 17 million customer’s lifestyles and retirement outcomes.
Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $324 billion in end-of-period account values as of June 30, 2021.
Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek’s Most Responsible Companies, Lincoln Financial Group makes a serious investment in our employees’ futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.
Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com
Be Aware of Fraudulent Recruiting Activities
If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.
Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln’s fraud team at fraudhotline@lfg.com if you encounter a recruiter or see a job opportunity that seems suspicious.
Additional Information
This position may be subject to Lincoln’s Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.
Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.
Lincoln Financial Group (“LFG”) is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.
This Employer Participates in E-Verify. See the E-Verify notices.
Este Empleador Participa en E-Verify. Ver el E-Verify avisos.