Coli Administration Specialist

6 days ago

Warrington, United States NFP Corp Full time

**Who We Are**

J**ob Description**
- Administration of corporate owned life insurance programs and individual life
- Responsible for the accurate and timely preparation and delivery of a wide range of client deliverables and reports, such as cash value reports and benefit statements
- Ensuring that administrative actions necessary to support our benefit and insurance plans are implemented in a timely, accurate, and professional manner
- Knowledge and understanding of nonqualified benefit plans and an understanding of the basics of investments is a plus

**Duties**
- COLI Policy Services: administration related to the support of the COLI Plans. For example, but not limited to: death claims, cash value reporting, change of broker, surrender, owner and beneficiary changes
- Assistance with onboarding new COLI plans
- Daily evaluation and storage of carrier rebalance confirmation statements
- Rebalance cash value activities: system maintenance, monitoring and updates
- Preparation and analysis of premium funding instructions, coordination with plan managers
- Support broker dealer compliance activities
- Interaction with insurance company home office personnel
- Able to support other areas of the company as needed

**Skills**
- Must possess experience with life insurance products: Universal, Whole Life and/or Variable Life
- Life and health, plus series 6 and 63 preferred or able to obtain such licenses within a reasonable time period
- Bank Owned or Corporate Owned Life Insurance Industry experience is a plus
- High Proficiency in Excel, Word and Outlook

**What We Offer**

We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others.

**NFP and You... Better Together**

NFP is an Inclusive Equal Employment Opportunity employer.

**Benefits**:

- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Parental leave
- Tuition reimbursement
- Vision insurance

Weekly day range:

- Monday to Friday

Work setting:

- Hybrid work

Work Location: Hybrid remote in Warrington, PA 18976

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