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Claims Processor
Group 1001In-Force Claims Processor reviewing death claim transactions on annuity contracts at Group 1001 Insurance. Supporting clients and agents with inquiries related to annuity transactions.
ATS Keywords
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Hard Skills
claims processingfinancial product knowledgetransaction processingclaim payment processingsettlement confirmation generationAnnuity In-Force transactionsproblem-solving
Soft Skills
effective communicationleadershiporganizational skillsinterpersonal skills
Certifications & Qualifications
Bachelor’s degree
Industry Keywords
annuity marketfixed annuitiesfixed indexed annuitiesvariable annuitiesfinancial industry regulations
About the role
Key responsibilities & impact- The In-Force, Claims Processor position is responsible for the reviewing and processing of death claim transactions on annuity contracts.
- Setting up the initial claim notification.
- 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.
- Assist with processing other types of Annuity In-Force transactions as needed.
- Provide information regarding contract values, request status updates, withdrawals, fund performance, outstanding requirements, and any other transaction related to Annuity In-Force.
- Support both Agent/Advisors and Clients with all Annuity In-Force request via phone and email.
- Communicating requirements, settlement options and claim status with beneficiaries, agents, attorneys and clients.
- Processing and approving claim payments, generating settlement confirmation letters and tracking of all claim settlements.
- Assist in special projects as needed.
Requirements
What you’ll need- Bachelor’s degree in a related field or equivalent experience.
- 3+ years of operational/claims or processing experience or a combination is preferred.
- Proven ability to communicate effectively.
- Strong problem-solving skills and experience working in a fast-paced environment.
- Strong leadership and communication skills.
- Strong working knowledge of the annuity market, with specific focus on the fixed, fixed indexed and variable annuities.
Benefits
Comp & perks- 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.