Annuity Services Director jobs in Missouri

Annuity Specialist I

SUMMARY BY LEVEL: This position is responsible for administering all annuities in compliance with IRS regulations and for maintaining annuity values necessary for proper accounting treatment. This position involves professional and technical work in the administration of annuities, IRA’s and life insurance tax issues. Work is performed under general supervision; however, the employee is expected to exercise independence in the performance of assigned responsibilities.

ESSENTIAL DUTIES AND RESPONSIBILITIES: The following duties are representative of those required for the position. All of the duties may not be required and additional duties may be assigned.

• Researches current tax rules and requirements and administers IRA and non-qualified annuity forms, endorsements, and disclosures, and monitors the company’s compliance, updating documents and tax forms as necessary.
• Completes all tax reporting (including 1099, 5498, and W-2) for Farm Bureau Life by researching tax rules, calculating amounts, and generating reports.
• Completes Life 1035 exchanges of life and annuity products under compliance of IRS Section 1035.
• Reconciles supplementary contracts and SPIA ledger and prepares supplementary contract reserves for regulatory reporting by maintaining and balancing spreadsheets for payments, considerations, and reserves.
• Issues annuity and supplementary contracts and calculates claim proceeds.
• Develops new policy forms and files forms with the state.

• Administers annuity buckets and interest rate changes to update system.
• Answers customer questions and communicates information regarding annuity products.
• Trains, advises, and communicates with agents regarding marketing issues for life, annuity, and settlement option products.
• Provides excellent customer service to all external and internal customers and maintains a good working relationship with field and Home Office personnel.
• Performs other duties and projects as assigned.

EDUCATION and/or EXPERIENCE

Bachelor’s Degree in accounting, business, finance, insurance or related area; except that related work experience including experience with IRA administration may be substituted on a year-for-year basis for formal education requirement.

Job Type: Full-time

Pay: $44,500.00 - $60,000.00 per year

Benefits:

• 401(k) matching
• Employee assistance program
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Retirement plan
• Tuition reimbursement

Work setting:

• In-person

Work Location: In person