Compliance Analyst

Healthcare Compliance Analyst

Wellfleet, a Berkshire Hathaway company, delivers customer-centric accident and health insurance, with quality service and uncompromising ethics. Wellfleet works to protect people against risk throughout every stage of life from grade school to college to the workplace.

Founded in 1993 as Consolidated Health Plans (CHP), Wellfleet, headquartered in Springfield, Mass., is one of the nation's leading providers of health and accident insurance products to the higher education market.

Wellfleet is a specialized insurance provider offering comprehensive student health insurance plans, voluntary workplace, and special risk products. We are building a small but dynamic team of compliance professionals to detect and mitigate risks, facilitate corrective action plans, and lead the way for key initiatives including Regulatory Change Management and Regulatory Reporting. The position reports to Wellfleet's Compliance Manager.

The Healthcare Compliance Analyst is responsible for the building, implementation, and execution of Wellfleet's Corporate Compliance program and all compliance activities. More specifically, the Compliance Analyst will review and evaluate compliance issues / concerns, assess compliance risks and controls, and support a healthy culture of Compliance at Wellfleet.

In This Role, You Will

• Assist legal and business functional areas with implementing new and / or existing regulations utilizing the regulatory change management system
• Assist with the development and execution of Wellfleet's Corporate Compliance Program (e.g., risk assessment, internal customer satisfaction survey, testing and monitoring of key regulations, regulatory reporting, internal complaints, policies and procedures, exam oversight, delegate / vendor oversight, internal / external compliance reporting, issue reporting and escalation, training program, corrective action plans)
• Implementation and monitoring of business area compliance self-assessments
• Assist with testing and monitoring of key regulations, issues reporting and escalation, and corrective actions
• Research laws, rules, and regulations by reviewing regulatory bulletins, federal updates, news briefs, and other sources of information
• Build / Maintain database of key fed / state regulations (e.g., Accident & Health, Voluntary Benefits)
• Assistance / coordination of market conduct exams
• Assist with the documentation of compliance guidelines and key compliance controls
• Assist with the automation of key compliance testing / monitoring / risk assessment
• Compile and submit various regulatory reports to meet reporting requirements
• Participate in recurring compliance meetings with business areas
• Assist with reported complaints as necessary
• Assist privacy officer as needed in Investigating reported privacy concerns
• Coordinates with Delegation / Vendor Oversight Committees for oversight and reporting requirements of delegates / vendors, as needed
• Ability to travel up to 10% (approximately, 3-4 trips per year)
• Perform other duties as assigned.

We are looking for candidates with

Why Wellfleet?

Here at Wellfleet, we foster a culture of growth that enables engaged and high-performing professionals to be empowered to deliver our mission and vision.

Our employees are a team devoted to providing customer service that exceeds expectations of our members and clients. Successful team members continually look for ways to improve product delivery and value.

Wellfleet offers a competitive compensation package and comprehensive benefits package including life, health and dental, vision, 401K retirement plan, short- and long-term disability coverage, flexible / dependent care spending account, tuition reimbursement, and business casual dress.

Are you interested in exploring a career at Wellfleet? Explore our open positions.

General :

Wellfleet is part of the MedPro Group family. As such, all Wellfleet team members are employees of MedPro Group Inc. We are an Equal Opportunity Employer. The annual gross base salary range is $80,000-$90,000. This range anticipates the low and high end of the salary for this position. Actual salaries will vary and are based on factors such as a candidate's qualifications, skills and competencies. Salary is one component of Wellfleet's total compensation and benefits package, which includes medical, vision and dental insurance options, life and accident insurance, 401(k), and short-term and long-term disability insurance. For a more detailed overview, visit our careers website at : wellfleetinsurance.com / about / careers.