Job description:
Feel Good About Doing Good
The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.
While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.
Share Your Talent. Live Your Purpose.
We are a growing and purpose-driven community of professionals. Join us to discover how you can meet your goals and ours!
Overview Acts as a key resource in the Department’s effort to maintain compliance with applicable insurance and fraternal regulations. Provides subject matter expertise on a variety of compliance related topics. Supports various aspects of the Order’s compliance program including monitoring of regulatory change promulgated by state and provincial insurance departments. Partners with internal departments to ensure proper implementation of compliance. Reviews, assesses and analyzes a wide range of compliance activities and matters.
Core Responsibilities - Support the regulatory change process for U.S. and Canadian jurisdictions, including monitoring for new/updated laws, reviewing changes in the law for applicability to the Society’s business, guiding the business to change processes to comply (or be in position to comply) with the regulatory changes
- Support a Quality Assurance program to test job performance of business partners in key operational areas
- Support the testing of business processes for compliance with relevant regulatory requirements
- Support Insurance advertising (including Enterprise advertising) reviews for Compliance and coordinate with Legal, Investments Compliance, and Field Management as appropriate
- Support the development of required training modules to KofC employees (and agents where appropriate)
- Support the Director of Regulatory Compliance and Quality Assurance and Compliance Analyst with Market Conduct Exams as appropriate
- Assist with the development and updating of team policy and procedures
- Support various compliance projects and report preparation required by state insurance departments. (This work often requires collaboration with Accounting, Actuarial and other departments. It is largely performed independently with limited supervision and must be completed within stringent, often short, time frames.)
Skills Qualifications - Must possess broad technical insurance knowledge, including knowledge of insurance and annuity industry regulations and practices
- Must possess strong interpersonal and relationship-building skills and a demonstrated record of building effective working relationships at all organizational levels
- Must possess strong analytical and organization skills and the ability to manage multiple priorities
- Must possess a strong ability to influence and negotiate effectively
- Must possess excellent verbal and written communication skills
- Must be detail-oriented and strong with documentation
- Must be able to maintain confidentiality
Education Required:
- Bachelor’s degree in relevant field
- Minimum of 3 to 5 years in insurance compliance
- Experience in life insurance compliance
Preferred:
- Insurance designations (e.g. FLMI, CLU, ACS, MCM)
Compensation
The wage range for this role takes into account a broad array of factors that are considered in making compensation decisions, including but not limited to: skill sets; experience and training; licensure and certifications; and other business and organizational -needs. The range below applies as long as the work is performed in Connecticut; the Knights of Columbus reserves the right to adjust the wage range if the position is performed in another location. At the Knights of Columbus, it is not typical for an individual to be hired at or near the top of the range for their role, and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $59,200-91,700.
Physical Demands Must be able to remain in a stationary position for a majority of the workday. Authorization to work in the United States is required
This position is not eligible for visa sponsorship.
KofC Cares
Our mission is focused on family and faith, and we support our employees in seeking a balanced life.
Employee benefits include:
Time Away: 13 paid holidays per year in addition to vacation and paid sick leave, and flexible workweek schedules.
Professional Development: Certifications, designation, and tuition reimbursement.
Retirement Benefits: 401(k) retirement savings plan with matching company contributions, and cash balance retirement plans fully funded by the company.
Health and Wellness:
- Short-term disability and term life insurance fully paid for by the company;
- Up to 12 weeks of childbirth leave under STD policy.
- One week of fully paid parental leave for all new parents, including adoptive and foster parents.
- A variety of health insurance options, including premium-level family coverage and a pre-tax Health Savings Account with employer contributions. The Order's health plans do not cover abortion, sterilization, or contraception, and the Order has helped advocate for other employers who do not want to provide coverage.
- Long-term disability insurance;
- Dental insurance;
- Vision insurance;
- Health club membership reimbursement;
- Employee Assistance Program
