Insurance Policy Administration Specialist

2 weeks ago


Parma, Ohio, United States Alliance of Transylvanian Saxons Full time
Job Overview

We are looking for a dedicated and knowledgeable Insurance Policy Administration Specialist to oversee the management of our Annuity and Life Insurance Programs within a Fraternal Benefit Society. This position demands a robust understanding of both Annuities and Life Insurance, along with exceptional documentation skills and effective communication abilities.

Key Responsibilities

Policy Management:

  • Prepare and process annuity and insurance agreements upon receipt of applications.
  • Guide members in making informed decisions, completing necessary forms, and handling conversion applications.
  • Oversee the administrative aspects of policy upkeep, claims processing, and dividend management.

Documentation and Compliance:

  • Draft and review all forms related to the service and maintenance of policies, ensuring accuracy and completeness.
  • Handle loan origination documentation efficiently.
  • Implement data modifications in the policy management system and process claims for payment after thorough verification.

Member Support:

  • Distribute outgoing policy notifications on a regular schedule.
  • Send and process various transaction forms and letters upon their return.
  • Act as a knowledgeable resource for member and sales agent inquiries, providing detailed information regarding annuity and life insurance policies.

Regulatory Compliance:

  • Maintain compliance with Ohio Life Insurance Licensure requirements.
Qualifications

Education: High School Diploma.

Licensure: Active Ohio Life Insurance license for a minimum of two years.

Experience: Proven track record as a Policy Service Specialist or in a comparable role.

Skills:

  • In-depth knowledge of Annuities and Life Insurance.
  • Demonstrated ability to provide exceptional customer service.
  • Prior experience in a professional office environment.
  • Proficiency in basic office technology, including computers, telephones, printers, and fax machines.

Personal Attributes:

  • Meticulous attention to detail.
  • Ability to meet time-sensitive deadlines.
  • Excellent verbal and written communication skills.
  • Capacity to work both independently and collaboratively.
  • Flexibility and adaptability in a dynamic work environment.


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