United States onlyOverview
AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.
The Annuity Processing/Suitability Consultant plays a critical role in the administration and processing of annuity contracts. The Consultant will spend a significant amount of time performing suitability reviews and working with the agents to get suitability approval.
This role ensures the accurate and timely handling of annuity applications, policy issuances, and related service requests. The consultant works closely with internal teams, such as underwriting, actuarial, and compliance, to manage the lifecycle of annuity contracts and ensures all processes comply with industry regulations and company standards.
Takes responsibility for the most complex, highest face amount and most senior applications and evaluates within guidelines established. Works closely with sales agents, customers on sensitive cases to gather information to process applications. Has authority to approve transactions up to dollar limit. Handles referral cases from others and assists in the development and training of less experienced processors.
Responsibilities
How You’ll Work
Work Solution: Remote
Relocation Eligibility: Not Available
What you will do
- Perform suitability reviews and work with the agents to get suitability approval.
- Review and process incoming annuity applications, ensuring all required documentation is complete and accurate. Review policies/applications both inforce and new applications for suitability
- Process policy modifications, such as beneficiary updates, contract transfers, and partial and full withdrawals for all forms of withdrawals, in a timely manner.
- Handle requests for annuity payments, including annuitization and scheduled disbursements.
- Ensure all processing activities adhere to regulatory requirements, internal policies, and industry best practices.
- Has a collaborative relationship with agents/field management, applicants, vendors, other business units, and managers with a focus on attainment of sales goals and objectives. Proactively monitors reporting and cases to assure that sales objectives are achieved.
Qualifications
Qualifications
- Bachelor’s degree in Business Administration, Finance, Insurance, or a related field (preferred).
- 6-8 years of experience in annuity processing, life insurance, or financial services operations.
- Experiance performing suitability reviews is highly desirable
- Experience with insurance or annuity systems (such as Policy Administration Systems) is highly desirable.
Preferred Qualifications
- Strong understanding of annuity products, processing procedures, and regulatory compliance.
- Proficient in Microsoft Office Suite (Excel, Word, etc.) and familiar with internal systems used for annuity processing.
- Detailed knowledge of the sales process, distribution channels and product lines
- Strong analytical and problem-solving abilities.
- Effective communication skills, both written and verbal, with a customer service orientation.
- Relocation Available
While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel, talk, hear and concentrate. Specific vision abilities required by this job include close vision, distance vision, depth perception, and ability to adjust focus.
This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodation will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.
