Benefits Compliance Analyst, Gusto
$91-130k
2-3 days a week in office
Automated payroll, benefits & HR platform
Job no longer available
Automated payroll, benefits & HR platform
1001+ employees
Job no longer available
$91-130k
2-3 days a week in office
1001+ employees
Company mission
To create a world where work empowers a better life.
Role
Who you are
- 4+ years of experience in an health insurance advisory role or in the compliance industry
- Deep knowledge of insurance regulations, including but not limited to those issued by regulatory bodies such as NAIC and state insurance departments
- Demonstrated track record of working under a brokerage firm on regulatory compliance matters including, but not limited to: producer advising, complaints handling, carrier underwriting, health and welfare plan obligations, brokerage conduct risk
- Excellent knowledge of federal and state laws and regulations applicable to insurance operations
- Proven ability to interpret and apply regulatory requirements to business practices effectively
- Excellent written and presentation communication skills
- Ability to translate and apply regulatory requirements for consumption by technical and non-technical audiences
- Approach problems with a passion for reducing operational inefficiencies and pain points
- Ability to adapt quickly to evolving program needs
- Enjoy working collaboratively with cross-functional teams
Desirable
- Experience in Compliance Risk Management frameworks such as Policy Development and Training, Regulatory Compliance, Monitoring and Reporting and can apply these activities to compliance processes
- Regulatory experience or interest in regulatory compliance
- Project management
- Self-direction and a knack for spotting issues and solving problems
What the job involves
- The Legal & Compliance team is seeking an experienced health insurance compliance professional to oversee broker practices related to the digital insurance space
- In this role, you will be an experienced insurance analyst for Gusto’s benefits products, playing an integral part in all things benefits (primarily supporting the health and life product lines across small group, individual, and embedded)
- A “go to” partner when collaborating with key stakeholders across the enterprise to help deliver innovative business solutions focused on product development and design, sales, and administration of such insurance products as well as issues related to agency regulatory practices
- You will report directly to the Head of Benefits Compliance
- As a leader on this team, you will also be seen as an advocate for advancing our alignment with the business, driving team outcomes, and inspiring and mentoring colleagues to continually develop
- Investigate issues, perform research, and help document processes that are subject to state and federal insurance regulatory requirements, such as PPACA, HIPAA, and other HHS, DOL, IRS and state insurance requirements
- Review commissions, rebates, and other regulatory requirements in relation to operations and sales processes
- Be a knowledge partner! Research, document, and educate others on updates related to internal process, external policy, and best practices with a focus on scaling operations and compliance maturity cross functionally
- Constantly analyze, refine, and iterate on internal processes to make them simpler and more efficient
- End of year readiness and execution to support high-touch and fast-paced issue resolution to keep Gusto and our Gustomers safe
Otta's take
Xav Kearney
CTO of Otta
For many small businesses, vital administrative tasks such as payroll, taxes, and benefits are manual tasks that take time and energy which many SMB owners don’t have. The three co-founders of Gusto – all coming from small business backgrounds – collaborated on a Fintech company that would handle employee payments, benefits administration, and compliance support specifically for small businesses.
The company may have started slowly, as the founders focused on nailing each individual aspect of Gusto’s operations, but has now skyrocketed to unicorn status with more than 200,000 customers and a multi-billion dollar valuation. In 2021, Gusto began acquiring other companies to strengthen its offering and its position in a competitive market, including two other fintech startups, Ardius and Symmetry.
Through its continued acquisitions and fundraising efforts, the company has carved out a strong position for itself in the space. Although Gusto has found itself impacted by the macroeconomic situation, through the significant effect it has had on its clientele, the company still appears positive for the future after raising funds in 2023 that will see it reach key profitability benchmarks. It continues to consolidate its platform, for example by integrating with OpenComp to grant its users access to the company's Compensation Intelligence Platform.
Insights
Company
Funding (last 2 of 8 rounds)
May 2022
$55m
SERIES E
Aug 2021
$175m
SERIES E
Total funding: $706.1m
Company benefits
- Comprehensive medical, dental, and vision benefits, plus a variety of mental health resources
- Flexible vacation - Gusties are encouraged to take the time off they need to continue doing great work
- Fertility treatments, parental leave, pregnancy termination, caregiving, gender-affirming surgery, hormone treatments, transgender-inclusive services, and more
- If you work at one of our homebases, enjoy food, drinks, and good conversation — on us
- Celebrate 5 or 10 years at Gusto and take a month off to recharge
- Take advantage of internet, phone, commuter, and wellness stipends each month, along with a WFH stipend and cash for anniversaries
Company values
- Embody a service mindset - Never stop advocating for the needs of others
- Dream big, then make it real - Be ambitious. Show and do, rather than tell and talk
- Be proud of the how - Ensure deep integrity in everything you do
- Embrace an ownership mentality - Take initiative to leave things better than you found them
- Debate then commit - Share openly, question respectfully, and once a decision is made, commit fully
Company HQ
Central Waterfront, San Francisco, CA
Founders
Joshua Reeves
(CEO)Studied Electrical Engineering at Stanford and went onto co-found Gusto in 2011.
Tomer London
(CPO)Has a PhD in Electrical Engineering from Stanford. Was a Researcher at Intel, and then interned at Bump Technologies. Co-founded Vizmo, a mobile self-service technologies company, in 2008. Co-founded Gusto in 2011.
Edward Kim
(Head of Engineering)Studied Electrical Engineering at Stanford. Was Senior Project Engineer at Volkswagen of America Electronics Research Lab and then co-founded Picwing, a printed photos company, in 2008. Co-founded Gusto in 2011.
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