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Annuity Administrator in Indianapolis, IN at Vaco

Date Posted: 1/3/2019

Job Snapshot

Job Description

Vaco Indianapolis has partnered with a client located North Indianapolis to fill an Annuity Administrator.

This position will focus on accurate data entry and attention to detail with reviewing and inputting information.

The position will work in some capacity with either incoming applications or existing annuity contracts processing updates, name/address/beneficiary changes, etc.

Specific Duties Include:

• Processes incoming annuity administration requests which may include partial and full withdrawals, beneficiary and ownership changes, questions regarding complex contract provisions or values, annuitization quotes and illustrations. Researches, responds to and/or processes tasks submitted by Customer Service Call Center.

• Processes and completes 1035 exchange requests and transfers by faxing, mailing and resending information to transfer companies.

• Follows up with other financial service institutions, marketing organizations, or agents regarding outstanding requirements, transfer requests, and/or communication regarding outstanding claims.

• Researches and responds to contract owners' inquiries regarding their annuity contracts by telephone, FAX, e-mail and written correspondence.

  • Prefer Associate's degree in Business or equivalent training or experience.
  • 1+ years' experience in insurance industry (administration, new business or claims) with a solid understanding of life insurance/annuity products
  • Must be able to demonstrate knowledge of life insurance products, annuity contracts and income tax applications, with the ability to analyze and understand complex contract requirements, income tax applications and consequences, and regulatory requirements
  • Strong communication skills, including oral and written skills, and ability to communicate complex to others
  • Ability to prioritize workflow, establish and meet deadlines, manage multiple concurrent tasks in order to meet and exceed established production goals and deadlines
  • Flexibility in scheduling and managing multiple priorities and daily activities
  • Able to learn quickly and understand complex administration systems, and adapt quickly and appropriately in response to the evolution of the company, industry and regulatory issues.