What’s the role?
We are looking for someone to join our high-performing, collaborative team of product compliance professionals.  In this role you will review and analyze new regulations that impact our products, participate in drafting of new and revised products, review marketing materials for state laws and regulations, and participate in implementing new and revised products.

You’ll leverage exposure to all of the products that the Company offers along with working with attorneys, actuaries, and product line partners to gain approval of our products that are ultimately sold by our Financial Representatives nationwide.  Your ability to learn quickly, be detailed oriented, influence without authority and a desire to multi-task and do project management on a small-scale will set you up for success in this role and open the door to future career opportunities.

Primary Duties & Responsibilities:

• Participates in policy contract drafting teams and the regulatory approval process for assigned projects. Reviews company product marketing materials for compliance with state laws and regulations for assigned product lines. Responds to states' concerns on contracts, forms, rates and marketing materials and negotiates for approval. Helps provide counsel to home office clients on correction and revision of contracts and forms to achieve compliance while staying within company practices.

• Participates in drafting teams for assigned projects for the purpose of creating insurance contracts and related company forms that match product specifications and comply with statutes and regulations in 51 jurisdictions. Provides counsel to client departments on state-mandated regulations and makes recommendations for variations to forms. Negotiates and implements state-mandated changes, considering all contract and company impacts. Performs technical product review of marketing materials. Performs regulatory submission process for contracts and related forms, as well as marketing materials.

• Responsible for helping to address states' concerns regarding new contracts, forms and marketing materials. Negotiates with state insurance departments for approval of such. Researches regulations through various sources in order to adhere to state requirements and to create state form variations. Confers with associates to determine whether or not variations will change meaning of contracts and forms. Works with associates and drafting team on questionable issues. Responsible for implementing policy contracts and state variations to such and for communicating the variations to appropriate parties. Acts as liaison with client departments on implementing variations to forms other than contractual forms.

• Keeps abreast of proposed and adopted regulations for assigned product lines in 51 jurisdictions. Responsible for implementing all necessary changes to contracts and related company forms. Acts as liaison between Actuarial and client departments on contract forms and compliance.

• Acts as liaison between contract group and Systems personnel for complex technical issues related to contract and forms production. Prepares contract assembly instructions for System implementation and updates existing instructions when changes warrant. Verifies that all contracts coming through the New Business system are correct and complete prior to production.

Bring Your Best! What this role needs:

• Bachelor's degree with upper level course work in English and Mathematics.

• Must have excellent communication skills (both oral and written).

• Strong analytical ability required.

• Familiarity with NAIC model regulations and state statutes and regulations preferred.

• Willingness to attend industry meetings and foster relationships with regulators and peers at other companies in the insurance industry.

$44,310.00

$82,290.00

Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, 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. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please click here for additional information relating to location-based pay structures.

We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.

If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click here for information pertaining to compensation and benefits.