About the position
SiriusPoint is a global underwriter of insurance and reinsurance. We utilize deep risk capabilities to protect our customers and provide intelligent risk solutions to clients and brokers around the world. Bermuda-headquartered and listed on the New York Stock Exchange (SPNT), we work as ‘One SiriusPoint', to apply expertise and underwrite risks across our four operational areas - International Insurance, North American Insurance, Global Accident and Health, and Global Reinsurance. We have underwriting hubs in Bermuda, Liege, London, New York, Stockholm and Toronto, and licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. We are seeking a detail-oriented Junior Product Development and Compliance Specialist to join our dynamic Accident and Health Underwriting team. In this role, you will assist in supporting product development efforts, assist in ensuring compliance with regulatory requirements relevant to SiriusPoint's Accident and Health products and services, contribute to the successful submission of information in response to complaints, data calls, surveys, and other state reports, and assist in managing correspondence with regulatory authorities.
Responsibilities
- Assisting in the support of new product development efforts and refreshment of current product designs consistent with Accident and Health Underwriting and Marketing objectives.
- Assisting in the development of new and updated product forms for review and refinement in consultation with the Accident and Health Underwriting team members, while ensuring compliance with applicable insurance laws and regulations.
- Assisting in the provision of new and updated forms to filing vendors.
- Assisting in managing the filing process and the negotiation of product approvals.
- Aiding and supporting product research efforts by gathering product information and reviewing competitor forms.
- Assisting as needed in the drafting of policy and certificate forms, and ancillary forms such as applications, endorsements and riders.
- Assisting as needed in the drafting of other forms required for filing submissions, such as Descriptions of Variability.
- Assisting as needed in the preparation of policy issuance instructions.
- Assisting in the monitoring of regulatory changes and updates relevant to SiriusPoint's Accident and Health products and services.
- Assisting in determining the applicability of all regulatory requirements and guidelines, State and Federal, applicable to each insurance product, current and proposed.
- Assisting in communication with the Accident and Health Underwriting team on these issues and, when appropriate, assisting in the preparation and distribution of Compliance Bulletins and Updates to relevant internal and external stakeholders.
- Assisting as needed in implementing methods of compliance with regulatory changes.
- Assisting internal and external stakeholders on compliance and regulatory matters, new program initiatives, program installation and implementation of regulatory changes.
- Assisting in collaboration with cross-functional teams to gather necessary information to respond to complaints, data calls, surveys, and other state reports.
- Assisting in providing responses to compliance and regulatory questions received from internal and external stakeholders timely and substantively.
- Assisting in the resolution of issues presented by external stakeholders creatively while not exposing the company to compliance risk.
- Assisting as needed in the review of policy wording and marketing materials.
Requirements
- Bachelor's degree in life sciences, regulatory affairs, or a related field.
- 5 years of Accident and Health insurance industry experience, with at least 3 years of compliance experience.
- Strong attention to detail and organizational skills.
- Excellent written and verbal communication skills.
- Internship or work experience in regulatory affairs or Accident and Health product development.
- Familiarity with insurance regulatory information sources and product filing processes.
- Experience with insurance policy drafting or document preparation.
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).
- Experience with regulatory management software is a plus.
- Ability to analyze and interpret insurance regulations and guidelines.
- Strong analytical and problem-solving skills.
- Ability to work effectively in a fast-paced, team-oriented environment.
- Proactive attitude with a willingness to learn and adapt.
- Commitment to maintaining high ethical standards and integrity.
Benefits
- Medical
- Dental
- Vision
- FSA Medical and Dependent care
- Health Savings Account (HSA)
- EAP
- Basic Life and AD&D (company paid)
- Basic Long-Term Disability (employer paid)
- Employee paid Long Term Disability (voluntary)
- Company Medical Leave, Parental leave - 8 weeks full pay after 6 months of service
- Voluntary benefits: short term disability, Critical illness, Hospital Indemnity, Accident
- Travel assistance programs
- Company paid 401(k) 6% safe harbor match, fully vested after two years, pre- and post-tax contributions allowed
- Gym reimbursement
- Legal plan
- Pet Insurance
- Tuition reimbursement
- Generous PTO
- Flexible work arrangement
- Fully stacked pantry on-site
- Team outings
- ERG Groups
