Supervisory Principal – Compliance
Protective Life is seeking a Supervisory Principal to join our Compliance team, a role critical in ensuring regulatory compliance for annuity and life insurance transactions. The position involves reviewing applications, providing oversight for compliance projects, and collaborating with internal teams and producers to maintain adherence to standards.
Responsibilities
- Review and approve annuity applications for suitability and compliance with company guidelines
- Review and approve life insurance policies sold in New York, ensuring adherence to state-specific requirements (e.g., Regulation 60)
- Collaborate with producers and wholesalers to proactively assess annuity sales for suitability prior to submission
- Monitor and interpret state laws and regulations, including NAIC Suitability in Annuity Transactions Model Regulation
- Recommend program enhancements and assist in developing compliance training
- Conduct quarterly oversight of FINRA-registered firms, focusing on suitability practices and complaint reviews
- Approve new FINRA-registered firms by reviewing supervisory procedures, forms, and conducting due diligence
- Identify trends related to producers or firms based on declined submissions and other data
- Assist with market conduct analysis, executive reporting, and annual certifications for selling firms
Skills
- Bachelor's degree or equivalent work experience
- 1–3 years of industry experience required
- Life and Health Insurance license (or ability to obtain within 90 days)
- Expertise in Microsoft 365 applications (Word, Excel, PowerPoint) required
- Strong understanding of compliance principles and regulatory requirements
- Excellent oral and written communication skills
- Ability to multi-task and manage high-volume work in a fast-paced environment
- Strong analytical and problem-solving skills
- Ability to make supervisory and regulatory decisions confidently
- Knowledge of fixed and fixed-indexed annuities preferred
- Series 6 or 7 licenses preferred
- Familiarity with FINRA regulations and suitability standards is a plus
Benefits
- Comprehensive health, dental and vision insurance
- Mental health benefits
- Employee assistance program
- Paid time off
- Paid parental leave
- Short-term disability
- Cultural observance day
- Contributions to healthcare accounts
- Pension plan
- 401(k) plan with Company matching
- ProHealth Rewards
Company Overview