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About Armed Forces Benefit Association (AFBA) and 5Star Life

In 1947, AFBA emerged from the basement of the Pentagon to solve a critical need in support of the military. More than 75 years later, our commitment to those who serve and to solving their unique problems remains core to everything we do. Founded to provide military members with a death benefit no one else would, we continue to embrace our mission and deliver benefits tailored to the real-life needs of all who serve today, including active duty, National Guard, and first responders. Providing protection to those who go in harm’s way, we ensure survivor and other benefits are available to all who serve, defend, and protect our great nation, no matter what. 5Star Life Insurance Company was founded in service and carry that mission today by committing to serve those who serve, from underwriting benefits for military and first responder families to providing coverage to the employees that keep our communities running. Our commitment to our communities – rather than the bottom line- drives our business.

We offer a flexible hybrid work environment, allowing you to enjoy the best of both worlds with 3 days in the office and up to 2 days working remotely each week. This position is in Alexandria, VA

About the role:

5Star Life Insurance Company is seeking a strategic and experienced Assistant Vice President, Compliance to lead our compliance team and drive the development and execution of our regulatory strategy. This role is critical in ensuring our operations meet all legal and regulatory standards while supporting innovation and growth.

Key Responsibilities

+ Lead and manage a team of compliance professionals, fostering development and performance.

+ Design, implement, and monitor company-wide compliance programs and internal controls.

+ Collaborate with senior management and legal teams to align compliance efforts with business goals.

+ Oversee market conduct exams, regulatory inquiries, and industry reporting.

+ Manage product filings and ensure alignment with state insurance department requirements.

+ Prepare and analyze compliance reports and metrics to guide departmental workflow.

+ Ensure adherence to regulations from state insurance departments, IRS, SEC, and internal policies.

+ Handle corporate governance filings and board reporting for AFBA and related entities.

+ Lead fraud reporting, AML training, and other regulatory compliance initiatives.

The Ideal Candidate

The ideal candidate for the Assistant Vice President, Compliance role is a seasoned professional with a strong foundation in insurance compliance, particularly within life, annuity, or supplemental health benefits. They bring at least a decade of industry experience, including five or more years in a compliance or internal audit capacity, and have demonstrated success in leading and developing high-performing teams. A bachelor’s degree is required, with a JD and LOMA designation strongly preferred. This individual excels in complex regulatory research and analysis, is adept at documenting and monitoring internal controls, and possesses the ability to provide strategic compliance guidance across departments. Strong communication skills, both written and verbal, are essential, along with a proven ability to collaborate effectively with senior management and legal teams.

Benefits we offer:

+ health insurance (medical, dental, and vision)

+ flexible spending accounts (medical and dependent care)

+ 401k plan with generous employer match

+ paid time off

+ paid holidays (12)

+ life insurance

+ short- and long-term disability insurance

+ employee assistance program

+ professional development & tuition reimbursement

+ career growth opportunities

+ on-site gym and locker rooms (Alexandria, VA office only)

+ friendly, collaborative culture

Qualified people of all races, ethnicities, ages, sex, genders, sexual orientations, national origins, gender identities, marital status, religions, veterans' statuses, disabilities, and any other protected classes are strongly encouraged to apply. As an equal opportunity workplace, we are committed to creating an inclusive environment for all employees. AFBA and 5Star Life Insurance Company endeavors to make reasonable accommodations to the known physical or mental limitations of qualified applicants with a disability unless the accommodation would impose an undue hardship on the operation of our business. If an applicant believes they require such assistance to complete the application or to participate in an interview, or has any questions or concerns, they should contact Human Resources ([email protected]) ([email protected]). EEO is the Law (https://www.eeoc.gov/sites/default/files/migrated\_files/employers/poster\_screen\_reader\_optimized.pdf) (Link to external DOL site). AFBA and 5Star Life Insurance Company is an Equal Opportunity Employer and an E-Verify Employer.