Job Description:

　　The Financial Regulatory Services department of the National Association of Insurance Commissioners (NAIC) has an exciting opportunity for a Sr. Life RBC Analyst . We are looking for a team member who would enjoy working for an organization that strives every day to support the public good and make a difference. Are you driven to utilize your customer service and communication skills to build a long-lasting rapport? If so, this is a perfect opportunity for you! This full-time hybrid position is based in Kansas City, MO in a positive and flexible environment.

　　Responsibilities include:

　　Committee Staff Support

　　Provides primary staff support to the Life Risk-Based Capital (E) Working Group and groups / subgroups and/or ad-hoc groups as needed.

　　Conducts research on topics of interest to the Working Groups, Subgroups/ ad-hoc groups, regulators, Academy and interested parties (“Stakeholders”) and takes the lead in development of comment letters and/or analytical reports that include results/findings and recommendations for the Stakeholders.

　　Develops and presents proposals to update and revise the life RBC formula to ensure the formula is current and properly addresses risks. These proposals should be driven from self-identified issues, items raised by other NAIC staff, and/or Working Group members or other regulators/regulator groups.

　　Identifies and discusses controversial issues with the chair and appropriate internal NAIC staff prior to open meetings to ensure regulators are able to make informed decisions.

　　Drafts model insurance laws and model regulation using prescribed formats.

　　Develops and updates regulatory information manuals and handbooks.

　　Schedules quarterly, interim, and teleconference meetings. Host these meetings virtually or in-person as dictated by business needs.

　　Develops and distributes meeting agendas and meeting materials and takes minutes/summary reports at meetings, formatting all according to prescribed procedures.

　　Communication with Insurance Regulators and Non-Regulators on Life Risk-Based Capital (RBC) Matters, Including IMR and AVR

　　Serves as a consultant to state insurance regulators and others concerning RBC and IMR/AVR and other areas specific to life insurance company reporting.

　　Works with the Education Department to develop and present training seminars for Risk-Based Capital.

　　Answer RBC questions from the NAIC’s help line.

　　Lead NAIC Efforts in Supporting RBC Formulas, Instructions, Specifications, and the Related Projects/Research

　　Life and Fraternal:

　　Prepares and maintains technical documentation of the Life/Fraternal RBC Overview and Instructions and complies with deadlines and specifications for annual publication.

　　Maintains the Life/Fraternal RBC forecasting spreadsheet.

　　Works with Life/Fraternal RBC vendors by developing and maintaining specifications for vendor RBC software development, testing vendor data submissions, and answering vendors’ questions.

　　Updates Life/Fraternal RBC validation formulas.

　　Creates Life and Fraternal RBC Newsletter summarizing key changes to RBC.

　　Monitors activities of the Valuation of Securities Task Force, the Accounting Practices and Procedures (E) Task Force, and associated working groups regarding issues that impact RBC, AVR and IMR.

　　Posts the IMR grouped amortization table annually for the IMR

　　Develops, maintains, and facilitates online training to communicate changes on the life RBC formula and for AVR and IMR. This includes working with the education department, or others within the RBC team, to develop and present training seminars.

　　Special Projects

　　Monitors activities of the RBC Investment Risk & Evaluation (E) Working Group (“RBCIREWG”), Statutory Accounting Principles (E) Working Group, Valuation of Securities (E) Task Force, and the Blanks (E) Working Group to ensure Life/Fraternal charges and instructions are properly reflected in RBC Publications.

　　Group.

　　Secondary Functions:

　　Other duties may be assigned.

　　Provides technical assistance to the Financial Regulatory Services Division Leaders and other departments on special projects as required.

　　Other projects include history/timeline of Life/Fraternal RBC development, share point projects, RBC modernization projects.

　　Skills and Abilities:

　　Ability to read, analyze, and interpret common technical journals and financial reports.

　　Ability to respond to inquiries or complaints from customers, regulatory agencies, or members of the insurance and/or financial services industry.

　　Ability to apply mathematical concepts such as fractions, percentages, ratios proportions and statistical concepts.

　　Ability to define problems, collect data, establish facts, and draw valid conclusions.

　　Proficient with MS Word, Excel, and Outlook. Knowledge of MS PowerPoint desirable; Knowledge of MS Excel Macro and SQL Developer is a plus. Must be willing to learn SQL (or other NAIC tools) to access data for analysis.

　　Ability to handle multiple projects simultaneously and work in a fast-paced environment;

　　Ability to travel to 3 national meetings annually, with additional travel to provide training programs or to attend seminars. Must be available and willing to travel to such locations and with such frequency as the organization determines is necessary or desirable to meet its business needs.

　　Must be highly organized.

　　Must have strong verbal and written communication skills.

　　Must have strong proofreading skills and have great attention to details.

　　Must be flexible to accommodate changes in job requirements.

　　Ability to maintain confidentiality of documents.

　　Extensive skill and experience in education and training of technical material desired; and

　　Familiarity with actuarial concepts a plus.

　　Minimum Education and/or experience required:

　　Bachelor’s degree and 5 years related experience with insurance company financial statement reporting or equivalent combination of education and experience.

　　Preferred Experience:

　　Direct experience with statutory reporting and completion of RBC reporting at a life insurance company.

　　Familiarity with life/annuity insurance accounting and reporting requirements.

　　Compensation

　　$69,138 - $90,000, commensurate with education and experience.

　　Interested in learning more about the amazing benefits the NAIC offers? Visit our Benefits (http://content.naic.org/about/benefits) page for more information.

　　The NAIC is proud to be an Equal Opportunity Employer

　　Applicants for all positions are considered without regard to age, race, creed, color, religion, sex, sexual orientation, gender identity or expression, national origin or ancestry, marital status, pregnancy, genetic information, military or veteran status, disability, or any other basis protected by applicable law.

　　LEARN MORE ABOUT THE NAIC

　　Company Overview

　　The National Association of Insurance Commissioners (NAIC) is a member-focused, non-profit Association supporting state insurance commissioners, and their departments, to effectively regulate the insurance industry and protect consumers. Headquartered in Kansas City, New York, and Washington DC, our 150-year-old Association offers the coordination of expertise in policy and regulation among state departments, data and technology, financial regulatory support, training and education, and resources for ongoing collaboration among the states and jurisdictions.

　　Diversity Statement

　　Our member-driven Association supports the dynamic and diverse needs of state regulatory agencies and the consumers of insurance products and services. Through our ongoing commitment to Diversity, Equity, and Inclusion, we believe our employees provide a wide range of experience and expertise to generate better ideas and solve complex problems consumers and our members face as insurance products and regulations evolve over time.

　　Guiding Principles

　　• We put customers first

　　• We are committed to continuous improvement

　　• We succeed by working together

　　• We do what it takes to get the job done

　　• We communicate often

　　• We treat colleagues with respect and honesty