There are a lot of steps you have to take in order to make a quality hire for your company. You have to advertise the open position. You need to know what questions to ask in the interview. You have to sort through all of the incoming resumes. You have to ascertain which applicants will actually make a good fit in your company. Writing an informative job description can make the entire process easier. A well-written explanation will attract qualified candidates while deterring those who are unqualified. This means you will have fewer resumes to sort through and only have to deal with qualified applicants. You can use this Compliance Analyst job description sample to help you write your own standout description.
Compliance Analyst Job Summary
You will be tasked with the planning and coordination of operational activities at the company to ensure that everything meets the government regulations and ordinances. This will including implementing training, recording violations and doing more necessary research regarding regulations. You will have to work closely with other department heads to make sure that all departments remain compliant.
Compliance Analyst Job Responsibilities
- Review regulatory bulletins and other sources of information to research and stay up-to-date on regulations
- Coordinate rate deviation filings and provide overview of product disclosures to compile information
- Establish and enforce organizational standards to maintain quality of service
- Arrange continuing contacts and resolve concerns to maintain rapport with regulatory personnel
- Research both regulatory filing information and writing and communicating guidelines to keep other departments aware of requirements
- Revise forms and rates in order to gain approval
- Collect, analyze and summarize information to prepare informative reports
- Remain current on field by attending classes, reading publications, talking with peers and joining professional groups
- Contribute to team effort through compliance
- Perform internal reviews to ensure that all policies and procedures are implemented properly
Compliance Analyst Job Requirements
- Bachelor’s Degree in Accounting, Business or related field
- 3-5 years of experience in related field
- Working knowledge of compliance issues
- Excellent written and verbal communication skills
- Familiarity with computer
- Strong problem-solving and decision-making skills
- Eye for details
- Ability to maintain strong working relationships
- Proven leadership skills
- Strong research and reporting abilities
- Understanding of risk assessment and mitigation
- Ability to implement comparative analysis and deliver logical recommendations or conclusions
Best Insurance Company has been providing top quality risk assessments and insurance to our customers since 2002. We work hard to give quality service to everyone in the southeast part of the country. Here we emphasize friendly service for our customers and a family-environment for our employees. We believe that a happy employee is more likely to provide outstanding service to our customers.
What to Include in Your Compliance Analyst Job Description
There are certain elements that have to be included if you really want to make your position stand apart. You need to clearly define the opening and give ample information to attract the all-star candidates you are looking for. Make sure to include important and informative sections like, the title, summary, responsibilities, requirements and company profile.
• Job Title: The title is the element that will draw applicants in. You have to make sure it is straightforward and engaging. It should be clear from the title what the position is. It is better for you to use “Compliance Analyst” over “Rule Master” because the former is more professional and clear.
• Job Summary: You also want to quickly and concisely let the jobseekers know what the position is. The summary is a two to four sentence paragraph that highlights the responsibilities of the position while showcasing who the applicant would be expected to work with.
• Job Responsibilities: This section should include five to ten daily tasks that the applicant will be expected to do. If you use action-based language, the section will be more engaging. You should work with current department employees to make sure you are including the most accurate information. It is best to follow a task with the benefit of doing the task For example, you could write, “Coordinate operational activities of the company to ensure compliance with regulations.”
• Job Requirements: The requirements are your chance to weed out some of the underqualified jobseekers. Be specific about what the applicant has to have. Include education, experience, skills, personality traits and the like. You can include requirements and preferences to make this section even more specific. The more requirements you include, the more the potential applicants will be able to understand what you’re looking for in a candidate.
• Company Profile: The company profile is another important part of the description. This element can help set your post apart. If you show the company culture and values, you are more likely to attract employees with similar values. This will help ensure that the person you hire will stick around for the long haul.
You have to know what elements to include in your Compliance Analyst job description if you want to attract only the top talent. You also have to be sure that you’re using the right format and highlight important information.
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Writing Your Compliance Analyst Job Description: Dos and Don’ts
You will have an easy time finding all-star talent and writing your job description if you keep these easy dos and don’ts in mind. Make your description the best that it can be, so you can attract the best employees.
• Do be clear about what kind of job it is. You should make the title, summary, responsibilities and requirements all clearly show what type of position you are advertising.
• Don’t forget to include the location of the position. While it may seem obvious to you, you want to be very clear about where the employee will have to work should they get the job.
• Do include salary and benefit information. Make sure to check with your company’s policies before you share this sensitive information, but if it’s allowed, it is very beneficial to include.
• Don’t make submission a challenge. Let the applicants know what they should do to apply and how they can get in contact with the hiring manager or recruiter.
The more informative you make your job description, the more likely you are to find the top talent that you’re looking for. While the process of hiring a new employee can be daunting, you can make it a little easier by creating a well-written and standout description.
Writing a Job Description Best Practices
- When you start out writing a job description, you should definitely turn to the Compliance Analyst job description sample. However, as you get a little farther in the process, you need to make sure that you are sharing all of the right information for your company. You can’t necessarily follow the exact same outline as anyone else. Consider the following best practices as you work on your own position explanation.
- Focus on readability. Use bullet points and short paragraphs to ensure that your entire post is easy to read.
- Be as specific as possible. Whether you’re working on the job title, responsibilities or requirements, if you’re more specific, you’re more likely to weed out underqualified candidates.
- Make the content engaging. Use action-based language throughout the responsibilities section to make your post more engaging and informative.
- Make your post competitive. You can make your job description more competitive by including information about the salary range, additional benefits and company culture.
- Include direct contact information. If you make the application process simple and straightforward, it is more likely that you’ll get more, qualified resumes.
- Be informative but concise. You want to share enough relevant information that the jobseekers will know what the job is about, but you don’t want your post to be too long.
- Give supplementary information. You can also include information about who the person in this position would report to, who would report to them, who they would specifically have to work with and other supplementary information about the workings of the job.
As you write your own job description, you have to make sure that you are including important information that will help draw competent employees in. Use the Compliance Analyst sample job description and the best practices listed above to help you create a standout job description for your company. Making a solid investment in talent now will help improve your business in the future.