Suitability & Compliance Specialist

Ability Insurance Company is seeking an experienced Suitability & Compliance Specialist to oversee and manage regulatory compliance, annuity suitability reviews, and producer oversight. This role is critical in ensuring that all annuity sales and distribution activities comply with state and federal regulations, including NAIC Model Regulation 275, SEC standards (where applicable), and company policies.The ideal candidate will bring strong regulatory expertise, sound judgment, and hands-on experience in annuity suitability, compliance monitoring, and risk mitigation within the life and annuity insurance sector.Key ResponsibilitiesSuitability OversightReview and approve annuity applications for suitability in accordance with NAIC Model Regulation, state insurance laws, and internal guidelinesEvaluate client financial profiles, objectives, risk tolerance, and replacement transactionsIdentify and escalate unsuitable sales, red flags, or patterns of concernCompliance ManagementDevelop, implement, and maintain compliance policies and procedures related to annuity sales and distributionMonitor adherence to state insurance regulations, DOI bulletins, and internal compliance standardsServe as a subject-matter expert on annuity suitability and regulatory requirementsProducer & Distribution OversightConduct compliance reviews of producers, agencies, and distribution partnersSupport licensing, appointment, and ongoing compliance requirementsProvide guidance, training, and corrective action plans where necessaryRegulatory & Audit SupportPrepare for and respond to regulatory examinations, audits, and inquiriesCoordinate responses to Departments of Insurance and other regulatorsMaintain accurate documentation and compliance recordsRisk & Issue ManagementInvestigate complaints, suitability concerns, and compliance breachesRecommend and implement remediation and corrective actionsReport material compliance risks to senior managementCollaboration & ReportingWork closely with our TPA, Executive Management, and Sales teamsPrepare compliance reports, metrics, and trend analyses for leadershipContribute to continuous improvement of compliance frameworksRequired QualificationsMinimum 7 years of experience in compliance, suitability, or regulatory oversight within the life and annuity insurance industryStrong working knowledge of:Fixed, indexed, and/or variable annuitiesNAIC Suitability in Annuity Transactions Model RegulationState insurance regulations and DOI expectationsExperience reviewing annuity applications and replacementsProven ability to interpret and apply regulatory requirementsExcellent analytical, documentation, and decision-making skillsStrong written and verbal communication skillsPreferred QualificationsBachelor’s degree in Business, Finance, Insurance, Legal Studies, or related fieldProfessional compliance certifications (e.g., AIRC, LOMA, CRCM, or similar)Experience supporting regulatory exams and market conduct auditsFamiliarity with annuity administration systems and suitability toolsKey CompetenciesRegulatory judgment and attention to detailEthical decision-making and independenceAbility to manage competing priorities and deadlinesCollaborative mindset with strong stakeholder engagementHigh level of professionalism and confidentiality