In-Force, Annuities Operational Expert

Group1001

$80K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of annuity experience preferred
  • Proven ability to communicate effectively
  • Strong problem-solving skills in fast-paced environments
  • Expertise in industry practices and standards
  • Ability to advise on complex operational issues

Responsibilities

  • Champion projects to support In-Force operations
  • Interpret impacts of Product, Regulatory, and Legal changes
  • Consult on project scope and document non-MVP items
  • Review CODE Regulatory changes and assess operational impact
  • Collaborate with Compliance for operational standards
  • Review Audit Narratives for accuracy and compliance
  • Facilitate contract corrections and complex processing
  • Identify root causes of operational issues and develop solutions
  • Monitor and implement changes in Annuity Operations
  • Consult on Business Requirement Documents and support User Acceptance Testing
  • Plan, execute, and monitor In-Force projects
  • Lead process improvement initiatives

Benefits

  • Comprehensive health, dental, and vision insurance options
  • Basic and Supplemental Life Insurance
  • Short and Long-Term Disability coverage
  • Immediate access to Employee Assistance Program and wellness programs
  • Participation in 401K plan with company matching contributions
Full Job Description
Why This Role Matters:

The In-Force, Operational Expert role is responsible for assisting in strategic projects, collaborating with business units across the organization to support the In-Force department in cross-business project initiatives and retaining knowledge and proficiency in related areas of In-Force by performing job functions.

How You'll Contribute:

  • Champion projects to support In-Force by documenting and understanding project impacts to current processes and updating procedures accordingly
  • Interpreting the impact of Product, Regulatory and Legal changes to departmentalize existing and new processes
  • Consulting on project scope and documentation of non-MVP items on Product Releases or otherwise
  • Review CODE Regulatory changes and interpret any impact on Operations
  • Partnering with Compliance to ensure Operations is within standard and compliance
  • Review Audit Narratives and Model Audit Rules to ensure accuracy and compliance
  • Leading knowledge transfer between Product and Operations and interpreting the impact to Annuity Operations
  • Facilitating contract corrections, corrective processing and complex processing
  • Identifying root causes of operational issues and developing effective solutions
  • Learning, retaining, and updating one's knowledge of a wide variety of financial product information and internal processes and procedures, while adhering to strict financial industry rules and regulations.
  • Helping the Annuity Operations through change by planning, implementing and monitoring changes
  • Consulting on Business Requirement Documents and contribute to User Acceptance Testing in coordination with cross-business areas
  • Planning, executing and monitoring In-Force projects to achieve desired outcomes
  • Lead process improvement initiatives and support project implementations


What We're Looking For:

  • 5+ years of annuity experience is preferred
  • Proven ability to communicate effectively
  • Strong problem-solving skills and experience working in a fast-paced environment
  • Demonstrated expertise in relevant industry practices and standards
  • Demonstrated ability to provide expert advice and guidance on complex operational issues


Benefits Highlights:

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001's benefits package. Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. All employees (regardless of hours worked) have immediate access to the Company's Employee Assistance Program and wellness programs-no enrollment is required. Employees may also participate in the Company's 401K plan, with matching contributions by the Company.

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