Compliance Officer, Nayya
$140-160k
+ Stock options
2 days a week in office
Healthcare benefits management
Open for applications
Healthcare benefits management
101-200 employees
Open for applications
$140-160k
+ Stock options
2 days a week in office
101-200 employees
Company mission
To give consumers financial peace on their best days, and confidence on their worst.
Role
Who you are
- Bachelor's degree required; advanced degree in law, healthcare administration, or related field required. Master's degree or professional certification (e.g., Certified in Healthcare Compliance - CHC) preferred
- 5+ years of experience in healthcare or insurance compliance or related fields
- Deep understanding of HIPAA, HITECH and privacy laws (e.g. CCPA, GDPR) and regulations and PHI protection best practices
- Proven ability to translate complex regulations into actionable business strategies and a track record of complementing compliance programs and initiatives
- Some legal (law firm or in-house) experience is desirable
- Familiarity with technology and software development processes
- Excellent communication and interpersonal skills
- Experience implementing compliance programs in a fast-paced, growth-stage environment
- Detail-oriented and organized, with a commitment to accuracy and compliance
- Strong analytical skills with the ability to assess complex situations, identify risks, and propose effective solutions
- Ability to work independently, prioritize tasks, and manage multiple projects simultaneously
- Strong attention to detail and organizational skills
- Ability to thrive in a fast-paced startup environment
- Proficiency with compliance management tools and software
What the job involves
- As a Compliance Officer, you will play a crucial role in ensuring that Nayya builds products and conducts business in a way that complies with relevant regulations and guidelines
- You will support our growth by developing and managing compliance programs at the cross-section of insurance, healthcare, and technology industries
- A deep understanding of HIPAA and privacy regulations is required
- An understanding of insurance licensing regulations is desired
- The Compliance Officer work report directly to the VP of Legal, and will work closely with the Head of Data Security, reporting directly to the VP of Legal
- The ideal candidate will blend compliance expertise with some law firm or in-house legal experience
- Develop and Implement Compliance Programs: Design, implement, and manage compliance programs specifically tailored to the healthcare and insurance industries
- Stay abreast of evolving regulatory requirements and industry best practices to ensure our compliance efforts remain current and effective
- Policy Development and Review: Draft, review, and update policies and procedures related to health tech compliance, including but not limited to data privacy, security, and regulatory requirements. Ensure that policies align with industry standards and regulatory expectations
- Risk Assessment and Mitigation: Conduct risk assessments to identify potential compliance risks and vulnerabilities. Develop strategies and controls to mitigate risks effectively, working collaboratively with internal stakeholders to implement risk management solutions
- Training and Education: Develop training materials and conduct training sessions for employees on health tech compliance topics
- Foster a culture of compliance awareness and accountability across the organization, ensuring that all employees understand their roles and responsibilities in maintaining compliance
- Monitoring and Auditing: Establish monitoring and auditing processes to assess compliance with relevant regulations and standards
- Conduct regular audits and reviews to identify areas for improvement and ensure adherence to compliance requirements
- Regulatory Reporting: Prepare and submit regulatory reports as required by insurance and privacy regulations and authorities
- Ensure timely and accurate reporting of compliance-related information, working closely with internal teams to gather and analyze relevant data
- Incident Response: Develop and implement procedures for responding to compliance incidents, breaches, or violations
- Coordinate with relevant stakeholders to investigate incidents, implement corrective actions, and mitigate any adverse impacts
- Compliance Oversight: Provide guidance and support to internal departments on compliance matters, including in connection with product development
- Serve as a subject matter expert on compliance issues, offering expertise and advice to help teams navigate complex regulatory requirements
- Risk Assessment: Assist teams in replying to VRA (Vendor Risk Assessments) from direct customers and channel partners
- Vendor Management: Evaluate third-party vendors for compliance with contractual and regulatory requirements and oversee ongoing vendor relationships
Our take
Nayya helps employers promote smart benefit choices amongst their workforce. Nayya's tools use AI and data science to process consumer data points, claims data and medical carrier information in order to return benefit recommendations and automated healthcare claims assistance to the end-user.
Nayya is filling an innovative market niche: whilst 85% of employees would welcome help selecting the right benefits, companies often struggle to offer it. Nayya is responding to this demand by securing partnerships with leading national employers, tech partners, and insurance carriers/brokers to help employers maximize the results of their health benefits spend by ensuring employees are getting the insurance they need.
Nayya has secured a high degree of investment since its founding, which the company is using to expand its software features, aiming to tap the freelancer and sole trader market. It's expanding further into other benefits that companies offer their workers, for instance in life insurance and mental health services. With a rapidly growing customer base, numerous partnerships and its annual revenue tripling over 2022, Nayya looks comfortably set to stabilize its market-leading position in the years ahead.
Freddie
Company Specialist
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jan 2021
$11m
SERIES A
Jul 2020
$2.7m
SEED
Total funding: $13.8m
Company benefits
- Well-being, mental health, and employee assistance solutions
- 401(k) with Employer Match
- Equity Options
- Sabbatical Program
- Nayya Health Days
- Unlimited PTO
- Company - wide retreats
- Medical, Dental & Vision
Company values
- The consumer is our North Star
- We face challenges with moxie
- We grow more through feedback
- We empower creative thinking
- We act quickly, learn, and adapt
Company HQ
Greenwich Village, New York, NY
Articles
Founders
Sina Chehrazi
(CEO)Graduated from Georgetown University with a Doctor in Law. Became Director of Enterprise Sales & Partnerships at Demyst and then at Enigma. Alongside serving as CEO at Nayya, they are a Mentor at Entrepreneurs Roundtable Accelerator.
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