Fidelity TalentSource LLC
Smithfield, Rhode Island
Job Description: The Expertise We re Looking For Five to ten years as a practicing attorney with relevant experience. Experience working with a range of issues affecting private wealth and institutional clients, with a heavy emphasis on alternatives and non 40 Act distribution issues. Familiarity with intermediary, registered investment advisers (RIA), and institutional investor issues associated with alternatives matters. Experience working with placement agents, broker-dealers, and alternatives marketplaces Experience handling private offering advertising and performance issues under FINRA rules, the Investment Advisers Act of 1940 and the Global Investment Performance Standards (GIPS) Thorough familiarity with federal securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, relevant portions of the Investment Company Act of 1940 and the Commodity Exchange Act and related rules. Strong practical skills and industry knowledge. Additional helpful experience includes non-US offerings, and state blue sky issues The Purpose of Your Role You will provide counsel to the private wealth management and institutional distribution arm for Fidelity s alternatives business drawing upon your experience dealing with related matters with emphasis on private offerings in the non- 40 Act space across the investor and distribution spectrum. In this role, you will provide all aspects of legal support to the private wealth management and distribution function of Fidelity Institutional s business for Fidelity s proprietary and non-proprietary alternatives, including marketing and advertising issues and compliance matters. The Skills You Bring Your crisp and clear oral and written communication skills, in particular the ability to reduce complex legal issues to straightforward, practical analysis and advice. Your natural collaborative approach in devising pragmatic and creative solutions across a variety of issues in a dynamic environment Your strategic and critical thinking skills, excellent judgment, and decision-making skills Your professional maturity, confidence, presence, and initiative Your ability to work closely and collaboratively with our business partners and others within the Legal, Risk, and Compliance departments Your agility and resilience characterized by your ability to stay calm under pressure with a “can-do” attitude. Your ability to manage outside counsel to provide excellent legal services in a cost effective manner. The Value You Deliver You will be a key member and contributor to Fidelity Institutional s Legal team. You will work alongside a legal team of other attorneys and paralegals dedicated to distribution issues. This team works together to support the intermediary and institutional sales teams. You will interact with product, portfolio management, sales, compliance, and risk and professionals as well as other attorneys across the Fidelity organization. How Your Work Impacts the Organization You will play an important role in advising Fidelity leaders, investment, compliance and sales professionals. Your role will be critical to the smooth intake and maintenance of institutional business. You will work closely with a dynamic, highly skilled, and collaborative group of professionals. The base salary range for this position is $124,000-$262,000 per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate s relevant experience, and other factors. Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation. We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted. Certifications: Company Overview Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients money. Join Us At Fidelity, you ll find endless opportunities to build a meaningful career that positively impacts peoples lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees Choice Award , we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you ve always imagined. Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks). At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry . Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document , and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine. We invite you to Find Your Fidelity at . Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to , or by calling , prompt 2, option 3.
Job Description: The Expertise We re Looking For Five to ten years as a practicing attorney with relevant experience. Experience working with a range of issues affecting private wealth and institutional clients, with a heavy emphasis on alternatives and non 40 Act distribution issues. Familiarity with intermediary, registered investment advisers (RIA), and institutional investor issues associated with alternatives matters. Experience working with placement agents, broker-dealers, and alternatives marketplaces Experience handling private offering advertising and performance issues under FINRA rules, the Investment Advisers Act of 1940 and the Global Investment Performance Standards (GIPS) Thorough familiarity with federal securities laws, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, relevant portions of the Investment Company Act of 1940 and the Commodity Exchange Act and related rules. Strong practical skills and industry knowledge. Additional helpful experience includes non-US offerings, and state blue sky issues The Purpose of Your Role You will provide counsel to the private wealth management and institutional distribution arm for Fidelity s alternatives business drawing upon your experience dealing with related matters with emphasis on private offerings in the non- 40 Act space across the investor and distribution spectrum. In this role, you will provide all aspects of legal support to the private wealth management and distribution function of Fidelity Institutional s business for Fidelity s proprietary and non-proprietary alternatives, including marketing and advertising issues and compliance matters. The Skills You Bring Your crisp and clear oral and written communication skills, in particular the ability to reduce complex legal issues to straightforward, practical analysis and advice. Your natural collaborative approach in devising pragmatic and creative solutions across a variety of issues in a dynamic environment Your strategic and critical thinking skills, excellent judgment, and decision-making skills Your professional maturity, confidence, presence, and initiative Your ability to work closely and collaboratively with our business partners and others within the Legal, Risk, and Compliance departments Your agility and resilience characterized by your ability to stay calm under pressure with a “can-do” attitude. Your ability to manage outside counsel to provide excellent legal services in a cost effective manner. The Value You Deliver You will be a key member and contributor to Fidelity Institutional s Legal team. You will work alongside a legal team of other attorneys and paralegals dedicated to distribution issues. This team works together to support the intermediary and institutional sales teams. You will interact with product, portfolio management, sales, compliance, and risk and professionals as well as other attorneys across the Fidelity organization. How Your Work Impacts the Organization You will play an important role in advising Fidelity leaders, investment, compliance and sales professionals. Your role will be critical to the smooth intake and maintenance of institutional business. You will work closely with a dynamic, highly skilled, and collaborative group of professionals. The base salary range for this position is $124,000-$262,000 per year. Placement in the range will vary based on job responsibilities and scope, geographic location, candidate s relevant experience, and other factors. Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation. We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted. Certifications: Company Overview Fidelity Investments is a privately held company with a mission to strengthen the financial well-being of our clients. We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients money. Join Us At Fidelity, you ll find endless opportunities to build a meaningful career that positively impacts peoples lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a Glassdoor Employees Choice Award , we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you ve always imagined. Fidelity's working model blends the best of working offsite with maximizing time together in person to meet associate and business needs. Currently, most hybrid roles require associates to work onsite all business days of one assigned week per four-week period (beginning in September 2024, the requirement will be two full assigned weeks). At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry . Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation, detailed in this document , and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine. We invite you to Find Your Fidelity at . Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging. Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to , or by calling , prompt 2, option 3.
Boston Consulting Group
Boston, Massachusetts
WHAT YOU'LL DO You'll work on a team that provides a wide range of services to our Managing Directors & Partners (MDPs) and, in particular, manages our MDP compensation and equity programs, including overseeing the annual MDP reporting cycle. In addition, the group supports a number of MDP 'life cycle' events (e.g., lateral hiring, promotions, departures, and transfers). In this position, you will develop a deep understanding of the MDP equity programs and the global and local compensation and equity framework offered to the MDPs to ensure proper legal implementation, documentation and governance over the equity programs and lifecycle events. The work is challenging, very visible and requires strong communication, organizational and problem-solving skills. The Process Coordinator role will support a range of operational processes on the PSG Equity team by assisting in the preparation, communication, and compliance functions for various MDP deliverables including: • Preparing legal documents related to equity interest purchases and sales and lifecycle events (e.g., equity purchase and sale agreements, departure agreements, lateral hire offer letters, resignation letters) • Driving the ideation, creative design and execution of a high volume of MDP communications to ensure delivering clear messaging for PSG content; continually maintaining consistent use of PSG branding and language, and as needed, graphic design through imagery/visuals within communications to help drive MDP understanding of content • Managing and updating dynamic distribution lists for MDP communications • Become an active member of PSG communication practitioners to ensure an integrated approach through all MDP communications • Facilitating the automation of document production by helping to design workflows and test automated document production solutions • Communicating and coordinating document template changes with Legal and Tax teams prior to any upcoming transactions and maintain subsequent updates to document library • Organizing and maintaining the electronic filing system for executed legal documents ensuring PSG records are complete, accurate and up to date. • Preparing and reconciling the unit and share balances on a quarterly basis to ensure compliance with BCG articles and BCG governance and voting procedures • Creating and maintaining annual share ledger for BCG equity entities • Developing procedures as well as building digital knowledge to create and implement digital solutions that improve operational processes and controls YOU'RE GOOD AT You are detail-oriented, rigorous about accuracy and take a critical eye toward the quality and consistency of MDP communications and deliverables. You are organized, appreciate the importance of strong policies and procedures to maintain trust in the process and have sound judgment in navigating exceptions. You develop collaborative working relationships with those you interact with and ask questions to clarify your understanding. You seek to provide a high level of professional customer service and have excellent communication skills. Your curiosity leads you to exploring options and solving problems with automation and digital solutions. Growing an understanding of the operation and function of the equity and lifecycle process to navigate and suggest efficiencies is critical for success in the role. Critical thinking skills are key to navigate the most efficient ways to organize a process and collect data required to complete various responsibilities. Growth in the role will be measured by the synergies developed in performing the various processes and improvements you help to implement, including finding new or better ways to use existing tools. You bring a positive attitude, look forward to learning from your peers and building relationships with others. You adapt to feedback and look to make improvements and add value for your customers. YOU BRING (EXPERIENCE & QUALIFICATIONS) • Bachelor's Degree in Business or related field • 2-4+ years of experience in a related field, such as financial operations or paralegal experience, preferably with a global company • Strong problem-solving and analytical skills • Excellent organizational, communication and interpersonal skills; able to communicate confidently and professionally with senior management, particularly those in Finance • Have a passion to innovate and create impactful communications that are both informative and visually appealing • Skilled in MS office applications - Outlook, Word, Excel, PowerPoint • Experience with digital tools such as Alteryx and Tableau preferred • Familiarity with Trello, Slack, SalesForce, Adobe Sign, PegaSystems (or other workflow management tools) is a plus • Flexible and adaptable to rapidly changing priorities and ability to stay focused • High level of confidentiality and discretion in handling of personal data • Proactive self-starter with critical thinking skills and creativity to solve problems • Ability to work independently on multiple, simultaneous assignments with minimal supervision YOU'LL WORK WITH PSG is the function responsible for the leadership and operation of all aspects of evaluation, compensation, equity and HR for our MDP cohort. The PSG team is within the Global Services function. Global Services (GS) consists of a varied range of functions providing corporate support of BCG's business and strategic priorities for example, Finance, Legal, HR, Marketing, IT, Risk, PSG and more. This diverse team of experts, operators and specialists represent all levels from MDP to entry level staff, operating across the globe in multiple countries. The role will be part of the PSG Equity/Operations team and will work closely with the PSG Comp team and other sub-functions within PSG. ADDITIONAL INFORMATION Effective November 1, 2021, all new US hires must be fully vaccinated* or subject to a religious or medical exemption. *two weeks after receiving the final dose of a WHO-approved COVID19 vaccine Requirements: Boston Consulting Group
WHAT YOU'LL DO You'll work on a team that provides a wide range of services to our Managing Directors & Partners (MDPs) and, in particular, manages our MDP compensation and equity programs, including overseeing the annual MDP reporting cycle. In addition, the group supports a number of MDP 'life cycle' events (e.g., lateral hiring, promotions, departures, and transfers). In this position, you will develop a deep understanding of the MDP equity programs and the global and local compensation and equity framework offered to the MDPs to ensure proper legal implementation, documentation and governance over the equity programs and lifecycle events. The work is challenging, very visible and requires strong communication, organizational and problem-solving skills. The Process Coordinator role will support a range of operational processes on the PSG Equity team by assisting in the preparation, communication, and compliance functions for various MDP deliverables including: • Preparing legal documents related to equity interest purchases and sales and lifecycle events (e.g., equity purchase and sale agreements, departure agreements, lateral hire offer letters, resignation letters) • Driving the ideation, creative design and execution of a high volume of MDP communications to ensure delivering clear messaging for PSG content; continually maintaining consistent use of PSG branding and language, and as needed, graphic design through imagery/visuals within communications to help drive MDP understanding of content • Managing and updating dynamic distribution lists for MDP communications • Become an active member of PSG communication practitioners to ensure an integrated approach through all MDP communications • Facilitating the automation of document production by helping to design workflows and test automated document production solutions • Communicating and coordinating document template changes with Legal and Tax teams prior to any upcoming transactions and maintain subsequent updates to document library • Organizing and maintaining the electronic filing system for executed legal documents ensuring PSG records are complete, accurate and up to date. • Preparing and reconciling the unit and share balances on a quarterly basis to ensure compliance with BCG articles and BCG governance and voting procedures • Creating and maintaining annual share ledger for BCG equity entities • Developing procedures as well as building digital knowledge to create and implement digital solutions that improve operational processes and controls YOU'RE GOOD AT You are detail-oriented, rigorous about accuracy and take a critical eye toward the quality and consistency of MDP communications and deliverables. You are organized, appreciate the importance of strong policies and procedures to maintain trust in the process and have sound judgment in navigating exceptions. You develop collaborative working relationships with those you interact with and ask questions to clarify your understanding. You seek to provide a high level of professional customer service and have excellent communication skills. Your curiosity leads you to exploring options and solving problems with automation and digital solutions. Growing an understanding of the operation and function of the equity and lifecycle process to navigate and suggest efficiencies is critical for success in the role. Critical thinking skills are key to navigate the most efficient ways to organize a process and collect data required to complete various responsibilities. Growth in the role will be measured by the synergies developed in performing the various processes and improvements you help to implement, including finding new or better ways to use existing tools. You bring a positive attitude, look forward to learning from your peers and building relationships with others. You adapt to feedback and look to make improvements and add value for your customers. YOU BRING (EXPERIENCE & QUALIFICATIONS) • Bachelor's Degree in Business or related field • 2-4+ years of experience in a related field, such as financial operations or paralegal experience, preferably with a global company • Strong problem-solving and analytical skills • Excellent organizational, communication and interpersonal skills; able to communicate confidently and professionally with senior management, particularly those in Finance • Have a passion to innovate and create impactful communications that are both informative and visually appealing • Skilled in MS office applications - Outlook, Word, Excel, PowerPoint • Experience with digital tools such as Alteryx and Tableau preferred • Familiarity with Trello, Slack, SalesForce, Adobe Sign, PegaSystems (or other workflow management tools) is a plus • Flexible and adaptable to rapidly changing priorities and ability to stay focused • High level of confidentiality and discretion in handling of personal data • Proactive self-starter with critical thinking skills and creativity to solve problems • Ability to work independently on multiple, simultaneous assignments with minimal supervision YOU'LL WORK WITH PSG is the function responsible for the leadership and operation of all aspects of evaluation, compensation, equity and HR for our MDP cohort. The PSG team is within the Global Services function. Global Services (GS) consists of a varied range of functions providing corporate support of BCG's business and strategic priorities for example, Finance, Legal, HR, Marketing, IT, Risk, PSG and more. This diverse team of experts, operators and specialists represent all levels from MDP to entry level staff, operating across the globe in multiple countries. The role will be part of the PSG Equity/Operations team and will work closely with the PSG Comp team and other sub-functions within PSG. ADDITIONAL INFORMATION Effective November 1, 2021, all new US hires must be fully vaccinated* or subject to a religious or medical exemption. *two weeks after receiving the final dose of a WHO-approved COVID19 vaccine Requirements: Boston Consulting Group
National Indemnity Company
Omaha, Nebraska
Company: NICO National Indemnity Company As a member of the Berkshire Hathaway group of insurance companies, we offer outstanding opportunities for professionals interested in working with a successful company. We offer unparalleled financial strength, stability and "large company" benefits, in addition to an exciting, friendly, "small company" atmosphere. Underwriting Assistant - Annuity/Structured Settlements - Job Objective: Provides specialized support to the life insurance companies annuity operations and the property/casualty structured settlement operation which may include: a) communication with brokers and company personnel; b) intake and indexing of daily mail and documents, review and coordination of producer appointments and commission payments, premium confirmation letters to brokers, reviewing files for potential current address information, recording information, assisting with contract release and other administrative duties; c) operation of computer and various software/systems to produce a variety of documents such as annuity contract, corporate guarantee, reinsurance agreement, Company forms and correspondence; and d) answer annuitant/claimant structured settlement questions received by phone and written requests. Perform duties independently and maintain strict confidentiality. Major Duties: - May be responsible for indexing and setting ImageRight tasks based on the evaluation of incoming mail and categorizing documents submitted by brokers and annuitants/payees based on key criteria. Such items include incoming premium, commission invoices, 3rd party payment transfer documents including court orders, payment acceleration requests, payment acceleration terms and conditions responses, direct deposit (EFT) forms, name, address and beneficiary change documents. Contact brokers, as needed, when documents are illegible or pages are missing. Notify Senior Legal Counsel or Paralegal when court documents are illegible. - May be responsible for locating lost payees. This includes reviewing annuity and periodic payment reinsurance forms and correspondence to identify potential current address information, calling payees, brokers, attorneys, or fiduciaries, writing and sending correspondence, or requesting an address search be performed. Documents the ImageRight file with efforts and results. - May be responsible for commission payment processing which includes review of control document to ensure commission amount is accurate, review of agency and individual appointment status, requests invoices and commission sharing agreements from brokers, resolves discrepancies with brokers and/or CT office, prepares commission payment authorizations in company software, routes authorizations for authorized signatures and timely release to Finance for payment. Documents the ImageRight file accordingly to indicate current commission payment status to avoid duplicate commission payments. - May be responsible for processing agency agreements and both agency and individual producer applications. Reviews the licensing and appointment status of producing agencies and individuals using department tools and/or vendor websites and communicates with agencies and individual producers to request missing documents or state licensing documentation when necessary. Requests appointments or terminations from the Agency Compliance Department. - May prepare documents for brokers as needed such as financing statements. - May verify annuitant information meeting state response deadlines by searching Company records and subsequently reporting results using required state regulatory systems. Must meet strict deadlines to avoid insurance department complaints against Company. - May verify child support lien actions by searching Child Support Lien Network and Massachusetts Payment Intercept programs against Company disbursement records to determine legal obligations. Must meet strict deadlines. - Acts as liaison for Company by providing excellent customer service, maintaining positive corporate image through communications and personal contacts with brokers and Company personnel. - May verify Social Security Numbers for all payees prior to document completion using research service and brings problems to the attention of the Annuity/Structured Settlement Supervisor, Annuity/Structured Settlement Manager or Corporate Operations Manager. - May be responsible for review of printed contracts including coordination and release of contracts. - May assist with training of new employees or temporary agency employees. - Performs administrative support duties which include answering incoming calls on a multi-line telephone and supplying information or relaying messages, receiving visitors, photocopying, scanning and creating/maintaining files. Process messages via email and facsimile. - Performs special projects or related duties as assigned or as situation dictates. Knowledge, Skills, and Abilities: (*minimum qualifications needed to perform essential job function) Required Knowledge: High school diploma or GED and two years related college courses or equivalent work experience Business math Personal computer and related word processing, spreadsheet, and database software such as Microsoft Excel and Word Alpha/numeric filing Preferred Knowledge: Insurance terminology and legal concepts and terminology Specific knowledge of certain Company procedures and practices 1-2 years related work experience Bilingual - Spanish preferred Skills: Typing 50 wpm with accuracy Excellent oral and written communication especially via the telephone Excellent grammar, punctuation, and spelling Customer relations Abilities: Maintain strict confidentiality Work with detail with accuracy Work well with others Read/comprehend documents Work independently Meet deadlines Organize time and resources and handle multiple high priorities Recognize and be cognizant of suspicious payee behavior Research, evaluate, and make decisions, such as referrals, concerning incoming correspondence, calls, and information under time pressure Senior Underwriting Assistant Job Objective: Provide specialized support to the structured settlement (reinsurance and annuity) operation which includes premium acceptance, document review for preparation and release of payments, communication with attorneys, brokers, claimants, and Company personnel, providing/requesting information, recording information, and originating/drafting/releasing correspondence. Coordinates payment review and distribution process which includes review authority. Verifies and authorizes requested payment redirection within authority. Major Duties: - Monitors, accepts and records premium in company software in adherence with the Company's Anti-Money Laundering Policy and notice of same to department personnel, Connecticut office personnel, and Finance Department; may contact brokers to resolve routine premium issues. Responsible for preparation and release of premium refunds. - Updates, verifies, and reviews payment instructions in the payment system. Initiates initial check issuance on new files by verifying the completeness and accuracy of required documents (payee data sheet, premium, court order, trust, guardianship documents). Authorizes redirection of payments and changes from payees such as address changes, void payment requests, stop payment requests and/or reissues of checks within authority. Reviews direct deposit requests for acceptability. Brings unique issues to the attention of appropriate authority and assists as directed. - Responsible for locating lost payees or providing instruction to Underwriting Assistants in their efforts to locate lost payees. This includes reviewing annuity and periodic payment reinsurance forms and correspondence to identify potential current address information, calling payees, brokers, attorneys, or fiduciaries, writing and sending correspondence, or requesting an address search be performed. Documents the ImageRight file with efforts and results. - Coordinates the review and follow up of outstanding checks and payments owed to the Company due to improper cashing of checks by the payee. - Answers annuitant questions via phone calls and written request and prepares written response to correspondence from various parties such as annuitants, attorneys, claimants/payees, brokers, in-house claims personnel, and others by handling inquiries/problems and brings unique and unusual annuitant issues to the attention of the Annuity/Structured Settlement Supervisor, Annuity/Structured Settlement Manager, Corporate Operations Manager or Legal Counsel and assists as directed. Prepares changes from claimants/payees such as address changes and requesting payments and/or voiding and reissuing payments. Identifies issues for review by Annuity/Structured Settlement Analyst, Corporate Operations Manager and Legal Counsel. - Requests proper tax certification and withholding forms such as W9 and W4-P from payees, attorneys and brokers according to IRS regulations, reviews W9 and W4-P for completeness and accuracy, forwards W9 and W4-P forms to the Tax Department for review and subsequent instruction, and verifies and updates tax withholding instruction within the payment system. ..... click apply for full job details
Company: NICO National Indemnity Company As a member of the Berkshire Hathaway group of insurance companies, we offer outstanding opportunities for professionals interested in working with a successful company. We offer unparalleled financial strength, stability and "large company" benefits, in addition to an exciting, friendly, "small company" atmosphere. Underwriting Assistant - Annuity/Structured Settlements - Job Objective: Provides specialized support to the life insurance companies annuity operations and the property/casualty structured settlement operation which may include: a) communication with brokers and company personnel; b) intake and indexing of daily mail and documents, review and coordination of producer appointments and commission payments, premium confirmation letters to brokers, reviewing files for potential current address information, recording information, assisting with contract release and other administrative duties; c) operation of computer and various software/systems to produce a variety of documents such as annuity contract, corporate guarantee, reinsurance agreement, Company forms and correspondence; and d) answer annuitant/claimant structured settlement questions received by phone and written requests. Perform duties independently and maintain strict confidentiality. Major Duties: - May be responsible for indexing and setting ImageRight tasks based on the evaluation of incoming mail and categorizing documents submitted by brokers and annuitants/payees based on key criteria. Such items include incoming premium, commission invoices, 3rd party payment transfer documents including court orders, payment acceleration requests, payment acceleration terms and conditions responses, direct deposit (EFT) forms, name, address and beneficiary change documents. Contact brokers, as needed, when documents are illegible or pages are missing. Notify Senior Legal Counsel or Paralegal when court documents are illegible. - May be responsible for locating lost payees. This includes reviewing annuity and periodic payment reinsurance forms and correspondence to identify potential current address information, calling payees, brokers, attorneys, or fiduciaries, writing and sending correspondence, or requesting an address search be performed. Documents the ImageRight file with efforts and results. - May be responsible for commission payment processing which includes review of control document to ensure commission amount is accurate, review of agency and individual appointment status, requests invoices and commission sharing agreements from brokers, resolves discrepancies with brokers and/or CT office, prepares commission payment authorizations in company software, routes authorizations for authorized signatures and timely release to Finance for payment. Documents the ImageRight file accordingly to indicate current commission payment status to avoid duplicate commission payments. - May be responsible for processing agency agreements and both agency and individual producer applications. Reviews the licensing and appointment status of producing agencies and individuals using department tools and/or vendor websites and communicates with agencies and individual producers to request missing documents or state licensing documentation when necessary. Requests appointments or terminations from the Agency Compliance Department. - May prepare documents for brokers as needed such as financing statements. - May verify annuitant information meeting state response deadlines by searching Company records and subsequently reporting results using required state regulatory systems. Must meet strict deadlines to avoid insurance department complaints against Company. - May verify child support lien actions by searching Child Support Lien Network and Massachusetts Payment Intercept programs against Company disbursement records to determine legal obligations. Must meet strict deadlines. - Acts as liaison for Company by providing excellent customer service, maintaining positive corporate image through communications and personal contacts with brokers and Company personnel. - May verify Social Security Numbers for all payees prior to document completion using research service and brings problems to the attention of the Annuity/Structured Settlement Supervisor, Annuity/Structured Settlement Manager or Corporate Operations Manager. - May be responsible for review of printed contracts including coordination and release of contracts. - May assist with training of new employees or temporary agency employees. - Performs administrative support duties which include answering incoming calls on a multi-line telephone and supplying information or relaying messages, receiving visitors, photocopying, scanning and creating/maintaining files. Process messages via email and facsimile. - Performs special projects or related duties as assigned or as situation dictates. Knowledge, Skills, and Abilities: (*minimum qualifications needed to perform essential job function) Required Knowledge: High school diploma or GED and two years related college courses or equivalent work experience Business math Personal computer and related word processing, spreadsheet, and database software such as Microsoft Excel and Word Alpha/numeric filing Preferred Knowledge: Insurance terminology and legal concepts and terminology Specific knowledge of certain Company procedures and practices 1-2 years related work experience Bilingual - Spanish preferred Skills: Typing 50 wpm with accuracy Excellent oral and written communication especially via the telephone Excellent grammar, punctuation, and spelling Customer relations Abilities: Maintain strict confidentiality Work with detail with accuracy Work well with others Read/comprehend documents Work independently Meet deadlines Organize time and resources and handle multiple high priorities Recognize and be cognizant of suspicious payee behavior Research, evaluate, and make decisions, such as referrals, concerning incoming correspondence, calls, and information under time pressure Senior Underwriting Assistant Job Objective: Provide specialized support to the structured settlement (reinsurance and annuity) operation which includes premium acceptance, document review for preparation and release of payments, communication with attorneys, brokers, claimants, and Company personnel, providing/requesting information, recording information, and originating/drafting/releasing correspondence. Coordinates payment review and distribution process which includes review authority. Verifies and authorizes requested payment redirection within authority. Major Duties: - Monitors, accepts and records premium in company software in adherence with the Company's Anti-Money Laundering Policy and notice of same to department personnel, Connecticut office personnel, and Finance Department; may contact brokers to resolve routine premium issues. Responsible for preparation and release of premium refunds. - Updates, verifies, and reviews payment instructions in the payment system. Initiates initial check issuance on new files by verifying the completeness and accuracy of required documents (payee data sheet, premium, court order, trust, guardianship documents). Authorizes redirection of payments and changes from payees such as address changes, void payment requests, stop payment requests and/or reissues of checks within authority. Reviews direct deposit requests for acceptability. Brings unique issues to the attention of appropriate authority and assists as directed. - Responsible for locating lost payees or providing instruction to Underwriting Assistants in their efforts to locate lost payees. This includes reviewing annuity and periodic payment reinsurance forms and correspondence to identify potential current address information, calling payees, brokers, attorneys, or fiduciaries, writing and sending correspondence, or requesting an address search be performed. Documents the ImageRight file with efforts and results. - Coordinates the review and follow up of outstanding checks and payments owed to the Company due to improper cashing of checks by the payee. - Answers annuitant questions via phone calls and written request and prepares written response to correspondence from various parties such as annuitants, attorneys, claimants/payees, brokers, in-house claims personnel, and others by handling inquiries/problems and brings unique and unusual annuitant issues to the attention of the Annuity/Structured Settlement Supervisor, Annuity/Structured Settlement Manager, Corporate Operations Manager or Legal Counsel and assists as directed. Prepares changes from claimants/payees such as address changes and requesting payments and/or voiding and reissuing payments. Identifies issues for review by Annuity/Structured Settlement Analyst, Corporate Operations Manager and Legal Counsel. - Requests proper tax certification and withholding forms such as W9 and W4-P from payees, attorneys and brokers according to IRS regulations, reviews W9 and W4-P for completeness and accuracy, forwards W9 and W4-P forms to the Tax Department for review and subsequent instruction, and verifies and updates tax withholding instruction within the payment system. ..... click apply for full job details