Compliance Analyst, Carrier Relations

About Beam:

Beam was founded in 2012 by three engineers who saw the opportunity to modernize the dental benefits industry using technology. Today, Beam Benefits is a digitally-led employee benefits company that offers dental, vision, life, disability, and supplemental health coverage. The company simplifies and modernizes the $100+ billion ancillary benefits industry through its leading dental insurance product, breadth of ancillary benefits, AI-powered underwriting, diversified distribution channels, and next generation benefits administration technologically-driven customer experience.

We're looking for a highly motivated and experienced compliance professional to join our Compliance team. This individual will report to our Compliance Director and will assist in the administration of Beam's Insurance Compliance Management Program. This includes assisting with product line expansion, state expansion, policy form and plan document drafting, adhering to state, federal, and internal compliance requirements, identification and resolution of compliance gaps, policy, procedure, and process development and implementation.

The Compliance Analyst will perform high level compliance functions while enhancing core processes and helping the Compliance Director implement new strategic initiatives and regulations.  In addition, the Compliance Analyst will be a self-starter and have the ability to work and execute initiatives autonomously. 

• Working in a complex and dynamic business, simultaneously serving customers across employee benefits insurance product lines and growth and service channels
• Collaborating with a diversely skilled team to continuously improve
• Being empowered as an owner and expert
• Being motivated by improving how people access employee benefits

• Serve as the insurance carrier relationship owner on behalf of Compliance;
• Ensure compliance with carrier partner contractual obligations;
• Responsible for the timely filing of monthly, quarterly, and annual compliance and regulatory reporting, including complaints, appeals, and networks;  
• Review, analyze, and interpret state statutes, regulations and bulletins to determine impact to the business and confirm adherence to filing and regulatory requirements;
• Work cross-functionally both internally and with insurance carrier partners on the development and implementation of new product lines and state expansion;
• Review, analyze, interpret, and prepare current and new insurance policy forms and plan documents for fulfillment;
• Communicate regulatory and contractual requirements to internal clients and ensure adherence;
• Respond to ad-hoc insurance product compliance requests from various internal and external partners; ●  Collaborate cross-functionally with various business teams including sales, support, service, business development, product, and engineering to promote insurance product compliance;
• Review, analyze, and interpret product and form requirements and variability;
• Other duties as assigned.

• Bachelor's degree in related field or equivalent experience;
• At least 2-3 years of insurance compliance related experience;
• At least 1-2 years of regulatory reporting experience preferred;
• Experience with the review and interpretation of insurance policy forms and plan documents;
• General knowledge of insurance contract fulfillment and insurance policy structure;
• Demonstrated ability to meet company and department timelines;
• Demonstrated strong PC skills including Google Workspace, Microsoft Excel, Word, PowerPoint, and Adobe Acrobat;
• Passionate about compliance and product growth;
• Willingness to learn and ability to take guidance for continuous growth;
• Detail oriented with a focus on efficiency and accuracy;
• Demonstrated ability to work independently, self-starter and highly motivated;
• Strong oral and written communication skills for contact with internal and external stakeholders;
• Organizational and project management experience.
• Ability to interpret and adhere to regulatory laws. 

Compensation and Benefits:

Beam offers a competitive base salary paired with an attractive variable compensation structure.

Employees benefit from performance-based bonuses and incentives, along with a comprehensive benefits package that includes health, dental, and vision insurance. Additionally, Beam provides a 401(k) plan with company matching, flexible time off, and the opportunity to participate in the equity program.

The base pay actually offered will take into account internal equity and budget for the open position and also may vary depending on the candidate’s job-related knowledge, skills, and experience, among other relevant factors. This range does not include an estimated value for any benefits, bonus, or other incentives that may be applicable based on position.