Sr. Consultant, Product Compliance

Alternate Locations: Radnor, PA (Pennsylvania); Work from Home

Work Arrangement:Work from Home

Relocation assistanceis not available for this opportunity.


Requisition #:67565

About The Company

Lincoln Financial Group, a Fortune 250 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 $238 billion in assets under management as of December 31, 2018.

Ranked one of the Best Large Employers in America by Forbes magazine, 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.

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 if you encounter a recruiter or see a job opportunity that seems suspicious.

The Role at a Glance

This position provides legal and regulatory interpretation, consistent with the direction of Legal and/or Regulatory Compliance, drafting and state filing of Individual Variable and Fixed Annuity contract forms . Provide in-depth product compliance, technical advice and direction for changes in State/Federal, NAIC regulations or Interstate Insurance Product Regulatory Commission (IIPRC) Uniform Standards impacting Individual Variable and Fixed Annuity contract forms.

What you'll be doing:

Legal and RegulatoryCompliance

  • Monitors, analyzes and provides compliant solutions to legal and regulatory affecting contractual language and disclosure content as communicated by Legal and Regulatory Compliance.
  • Collaborates with internal/external legal counsel and industry experts on interpretation of new regulations and law changes and their impact to Individual Variable and Fixed Annuity contract forms.
  • Serves as the subject matter expert in drafting and securing internal & state approval of new and revised Individual Variable and Fixed Annuity contract forms in response to product development activities and changes to the Uniform Standards of the IIPRC or State and Federal laws and regulations.
  • Researches and provides direction for the implementation of revised Individual Variable and Fixed Annuity forms resulting from regulatory changes.
  • Directs and supports the delivery of Individual Variable and Fixed Annuity contract form information as requested by internal customers, market conduct exams, complaints, etc.

Contract Drafting and Negotiation

  • Reviews and interprets Individual Variable and Fixed Annuity product specifications in order to draft contract forms that meet product requirements.
  • Serves as a subject matter expert in product design and filing requirements discussions with product, actuarial, implementation,legal, compliance and state regulatory or IIPRC personnel.
  • Directs and specifies project activity to support regulatory changes and product calendar deliverables.
  • Drafts and secures internal approval of contract forms, then submits for necessary state insurance department and/or IIPRC approvals.
  • Negotiates with Senior Management, product, implementation, legal, compliance, actuarial and state regulatory or IIPRC personnel to resolve any issues relevant to securing state approval of forms and rates, or to revise products or procedures for compliance with related State and Federal laws and regulations or Uniform Standards of the IIPRC.
  • Implements and controls approval and availability of related contract production print.
  • Participate in various industry association meetings (eg: LHCA, AICP) as a representative of the Department.
  • Evaluate and answer questions in relation to the interpretation of contract provisions as requested by internal and external customers.

What we're looking for:

  • 4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's).
  • 5+ years experience in Insurance Industry and Compliance. Prior experience that directly aligns with the specific responsibilities for this role preferred but not required.
  • 5+ years experience using SERFF and INSource (Preferred).


Work Arrangement:

Work from Home:Employees will work fully from home. Their job will not require the employee to come into the office, unless for special circumstances.

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
  • Effective productivity/technology tools and training

Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses.

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.

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, and rank amongForbes'Best Large Employers and Best Employers for Women, andNewsweek'sMost Responsible Companies.

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