Job Description: Job Title: Deferred Annuities Contract Specialist
Pay Rate - $65/hr - $90/hr on W*2
Location: Virtual - if they would like to come into an office they can.
Flexible hours - but have a preference for a candidate to be available during standard business hours - 9:00 am EST to 5:00 pm EST.
Required Skills and Experience:
- 10+ years' experience in deferred annuities required.
- Excel and word proficient
- Experience drafting contracts and certificates
Job Description:
- Serve as technical advisor on deferred annuities contracts, including drafting and benefit design for inforce conversions and clean-up.
- Partnering with the business to review legacy contracts and provide advice on benefit design and regulatory requirements.
- Use business skills and deferred annuities expertise to provide objective advice, identify options, provide recommendations, and partner with business to devise and deliver solutions.
- 10+ years' experience in deferred annuities required.
Key Responsibilities Function as the point person and subject matter expert for inforce annuities and related separate accounts, including deferred annuities. Provide technical advice on contracts, state insurance regulatory filings, timely and accurately respond to insurance regulators' questions and requests and negotiate approvals with state insurance departments for complex annuity products. Draft and coordinate the development of separate account memos of operation filed with state insurance regulators. Facilitate state insurance department and Interstate Insurance Compact regulatory filings using the SERFF electronic filing system and abide by RIS recordkeeping requirements. Develop and issue forms for highly complex annuity contracts to support new and existing annuities products within RIS. Maintain forms to ensure compliance with applicable laws and regulations. Assist in the analysis of proposed and enacted laws and regulations to identify required compliance activities. Perform due diligence in analysis of critical new product ventures and contract conversions and effectively communicate implications to stakeholders. Prepare complex and detailed documentation including proposals, commitment agreements, annuity contracts, and annuity certificates for prospective pension risk transfer opportunities in a fast-paced and deadline driven environment. Participate in complex non-standard assignments and devise targeted solutions. Expertly collaborate with various internal Client departments and ensure efforts are coordinated to achieve common objectives. Research and respond to internal business partner questions regarding contract features and compliance. Lead cross-functional projects and assist with special initiatives requiring project management skills, as required. Continuously identify and implement process enhancements to drive efficiency. Support the adoption and utilization of the contracts management platform Icertis. Conduct peer reviews and provide training and mentoring to junior team members. Provide support to other RIS Contracts teams, as needed.