A career in regulatory reporting? (2024)

FAQs

Is regulatory reporting a good career? ›

Career progression

As such, it is a good entry route into financial services. You can also gain promotion within this area and become a senior level regulatory professional or work for the Regulator.

A Brief Overview

The Regulatory Reporting Specialist ensures the completion of the Property and Casualty Statistical reporting and other assigned data reports to the jurisdiction requesting the report or statistical agent used by the company. This role requires you to be in the office 3 days a week.

Reporting Analyst career paths

They can move into various business-related roles, including business analyst, controller, and corporate controller. They can also pursue roles like consultant and finance manager, which require their analytical skills.

Based on 20 responses, the job of Regulatory Analyst has received a job satisfaction rating of 3.95 out of 5. On average, Regulatory Analysts are highly satisfied with their job.

Regulatory Affairs Specialist salary in India ranges between ₹ 3.0 Lakhs to ₹ 15.4 Lakhs with an average annual salary of ₹ 7.9 Lakhs. Salary estimates are based on 819 latest salaries received from Regulatory Affairs Specialists.

Regulatory Affairs Specialist Salaries

The average salary for Regulatory Affairs Specialist is $98,004 per year in the United States. The average additional cash compensation for a Regulatory Affairs Specialist in the United States is $12,278, with a range from $9,209 - $17,190.

To become a regulatory analyst, you need a bachelor's degree in business, finance, accounting, or a related field. Employers prefer candidates who have several years of practical experience in auditing or a similar regulatory environment.

Regulatory Affairs Specialists assist in obtaining and maintaining government approval for drugs, medical devices, nutritional products, and related materials. They are often employed by pharmaceutical, biotechnology, and medical device companies. They may also work in government or law.

Regulatory Affairs Specialist Job Outlook

The Bureau of Labor Statistics predicts 23,700 new jobs for Regulatory Affairs Specialist by 2026. Due to new job openings and attrition, there will be an average of 25,900 job openings in this field each year.

What is the salary of a regulatory analyst in Florida? ›

Data collected from regulatory reports facilitate early identification of problems that can threaten the safety and soundness of reporting institutions; ensure timely implementation of the prompt corrective action provisions required by law; and serve other legitimate supervisory purposes.

In short, a regulatory affairs degree not only allows you to thrive in this industry, but also broadens your career horizons to other healthcare and life sciences sectors.

Regulatory affairs professionals play a vital role in ensuring that industries such as pharmaceuticals and medical devices comply with regulations, making job security a significant advantage in this field.

Market Demand and Job Opportunities:

The demand for Regulatory Affairs professionals is booming! With new products and technologies emerging every day, companies need superheroes to navigate the ever-changing landscape of regulations.