[Remote] Compliance Advisor III at Bestow

United States

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$81,000 – $95,000Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

NoVisa

Insurance, FinTech, TechnologyIndustries

Requirements

Bachelor’s Degree or equivalent experience required
8+ years of life insurance, legal and/or compliance industry experience
Continuing progress toward or completion of insurance compliance certifications such as: CCEP, FLMI, ALMI, AIRC, or CLU
Experience with regulatory examinations, analyzing new laws and regulations, testing, and monitoring
Experience analyzing state and federal regulations and providing an analysis as to the possible impact
Experience administering a compliance training learning management system
Annuity product knowledge
Excellent written and oral communication skills
Ability to work both independently and in a team environment with compliance and business personnel
Strong partnering skills and ability to think creatively
Ability to manage multiple projects with minimal to limited supervision

Responsibilities

Provide a hands-on view into the design of the Bestow digital experience to advise and work with Product Managers, UX Designers and Engineers to build a seamless and friction-free digital experience to the Bestow customer
Ownership of the legislative and regulatory monitoring platform
Review state and federal regulatory compliance requirements to include analysis of business impact/operational risk assessment for enacted laws/regulations and recommended company compliance actions to ensure regulatory compliance
Advise on and anticipate strategic and tactical regulatory solutions by providing compliance subject matter expertise for project/process/product initiatives
Ownership of the learning management system and the compliance training program
Advise on annuity product compliance and development. Collaborate with Product, Engineering, and Program Management on product builds
Assist with the implementation of appropriate strategic/tactical solutions for compliance business requirements
Assist in the enhancement of the compliance program and compliance policies to foster continued regulatory and customer trust of Bestow
Assist in audit readiness efforts by preparing, verifying, and maintaining documentation to support compliance with internal controls and external regulatory standards
Support ongoing QA and compliance initiatives through scheduled control reviews, control testing activities, and monitoring of remediation activities

Skills

Key technologies and capabilities for this role

ComplianceRegulatory MonitoringLegislationProduct ManagementUX DesignDigital ExperienceE-Verify

Questions & Answers

Common questions about this position

What is the salary range for the Compliance Advisor III position?

The salary range is $81K - $95K.

Is this role remote or does it require office work?

The role is open to hybrid in the Dallas office or fully remote within the US.

What key responsibilities or skills are needed for this compliance role?

Key responsibilities include providing compliance advice to Product Managers, UX Designers, and Engineers; owning legislative/regulatory monitoring and compliance training; reviewing state/federal regulations; and advising on annuity product compliance.

What benefits and opportunities does Bestow offer?

Bestow offers flexible remote/hybrid work, meaningful benefits, equity, and substantial growth opportunities.

What makes a strong candidate for the Compliance Advisor III role?

A strong candidate will have compliance subject matter expertise, experience in regulatory monitoring, training program management, and advising cross-functional teams on product compliance to enhance Bestow's compliance program.

Bestow

Digital platform for life insurance solutions

About Bestow

Bestow offers a digital platform for purchasing life insurance, focusing on making the process quick and easy for individuals. Their technology streamlines the application process using advanced underwriting methods, allowing customers to receive instant decisions on their coverage. Bestow's software manages the entire insurance lifecycle, which helps reduce costs and enables the rapid launch of new insurance products. Additionally, the company utilizes data solutions to enhance customer data for better marketing strategies and audience targeting. Unlike traditional insurance providers, Bestow emphasizes a user-friendly experience and affordability, with coverage starting at $11 per month. Their goal is to provide accessible life insurance while maintaining high customer satisfaction, as evidenced by their excellent ratings and A+ Better Business Bureau score.

Dallas, TexasHeadquarters

2017Year Founded

$133.8MTotal Funding

SERIES_CCompany Stage

Data & Analytics, FintechIndustries

201-500Employees

Benefits

Competitive salary

Equity

Annual bonus based on company and individual performance

Flexible PTO plan

Medical, dental, & vision insurance

Paid parental leave

Annual lifestyle spending account

Flexible work-from-home policy

Learning & development opportunities

Risks

Departure of key compliance officer may affect regulatory risk management.

Pending Sammons acquisition could alter Bestow's strategic direction.

Recent layoffs and low website traffic indicate potential customer engagement challenges.

Differentiation

Bestow offers a digital platform simplifying life insurance purchase processes.

The company uses advanced underwriting technology for quick insurance application decisions.

Bestow's data-driven approach optimizes marketing and audience segmentation.

Upsides

Growing demand for digital insurance solutions boosts Bestow's market potential.

Partnership with Transamerica enhances Bestow's market reach and credibility.

InsurTech investments provide growth opportunities for Bestow's technology-driven solutions.

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