Annuities & Structured Settlements Assistant Underwriter

Job Summary

Required Qualifications

• •Experience with annuity operations
• •Experience with property/casualty structured settlement operations
• •Ability to communicate with brokers and company personnel
• •Ability to perform intake and indexing of daily mail and documents
• •Ability to review and coordinate producer appointments and commission payments
• •Ability to write and send correspondence
• •Ability to operate computer and various software/systems
• •Ability to produce annuity contract, corporate guarantee, reinsurance agreement, Company forms and correspondence
• •Ability to answer annuitant/claimant structured settlement questions received by phone and written requests
• •Ability to review premium acceptance
• •Ability to coordinate payment review and distribution
• •Ability to locate lost payees
• •Ability to review annuity and periodic payment reinsurance forms and correspondence
• •Ability to call payees, brokers, attorneys, or fiduciaries
• •Ability to request an address search be performed
• •Ability to review control document to ensure commission amount is accurate
• •Ability to review agency and individual appointment status
• •Ability to resolve discrepancies with brokers and/or CT office
• •Ability to prepare commission payment authorizations in company software
• •Ability to route authorizations for authorized signatures
• •Ability to process agency agreements
• •Ability to process both agency and individual producer applications
• •Ability to review the licensing and appointment status of producing agencies and individuals
• •Ability to communicate with agencies and individual producers to request missing documents or state licensing documentation
• •Ability to request appointments or terminations from the Agency Compliance Department
• •Ability to handle inquiries/problems from claimants, brokers, in-house claims personnel, and others
• •Ability to prepare address change endorsements
• •Ability to request payments and/or voiding and reissuing payments
• •Ability to prepare contracts, endorsements, reinsurance agreements and other documents related to issuance of annuity contracts and reinsurance agreements
• •Ability to complete and attach appropriate additional forms
• •Ability to review payee information sheet, settlement agreement and settlement agreement checklists
• •Ability to review conservator/guardian/trust documents
• •Ability to review birth records
• •Ability to review e-mails, FAX's, invoices, correspondence
• •Ability to identify missing and inaccurate information for input into annuity contracts, corporate guarantees, etc.
• •Ability to bring discrepancies to the attention of the appropriate authority
• •Ability to verify annuitant information meeting state response deadlines using state regulatory systems
• •Ability to verify child support lien actions by searching Child Support Lien Network and Massachusetts Payment Intercept programs
• •Ability to verify Social Security Numbers for all payees prior to document completion using research service
• •Ability to monitor, accept and record premium in adherence with the Company's Anti-Money Laundering Policy
• •Ability to contact brokers to resolve routine premium issues
• •Ability to prepare and release of premium refunds
• •Ability to acknowledge receipt of premium to brokers
• •Ability to review direct deposit requests for acceptability
• •Ability to update, verify, and review payment instructions in the payment system
• •Ability to initiate initial check issuance on new files
• •Ability to initiate and validate the monthly batch payment file for final review by management
• •Ability to authorize redirection of payments
• •Ability to change from payees such as address changes, void payment requests, stop payment requests and/or reissues of checks
• •Ability to coordinate the review and follow up of outstanding checks and payments owed to the Company due to improper cashing of checks by the payee
• •Ability to request proper tax certification and withholding forms such as W9 and W4-P from payees, attorneys and brokers according to IRS regulations
• •Ability to review W9 and W4-P for completeness and accuracy
• •Ability to forward W9 and W4-P forms to the Tax Department for review and subsequent instruction
• •Ability to verify and update tax withholding instruction within the payment system
• •Ability to provide excellent customer service
• •Ability to maintain positive corporate image through communications and personal contacts with annuitants, attorneys, claimants/payees, brokers, Company personnel, etc.