Senior Middle Office Annuity Specialist

Job Description

JOB BRIEF (PURPOSE): The Middle Office Senior Annuity Specialist performs daily settlement for all annuity business. The employee will handle escalated issues regarding all facets of annuity operations (linking, transfers, NIGO issues, commissions, etc.). The employee will provide general assistance related to annuities to the KIS home office and its sales force.

ESSENTIAL JOB FUNCTIONS:

• Perform daily settlement functions with insurance carriers. Balance and reconcile firm accounts, submit reports to KIS’s clearing firm, and wire funds to carriers.
• Ensure that all annuity policies are issued correctly at the insurance carriers. Research and resolve issues with insurance carriers related to KIS customer policies and pending business.
• Handle any funds returned from insurance carriers, adjust customer accounts, and request commission adjustments
• Liaison between KIS and its annuity processing vendor (AnnuityNet)
• Provide assistance to the KIS sales force with regards to annuity processing

MARGINAL OR PERIPHERAL FUNCTIONS:

• Review annuity business submitted by KIS Financial Advisors and Company Licensed Relationship Managers.
• Understand annuity position linking and serve as a liaison between the insurance carriers and KIS’s clearing firm.
• Perform follow up on pending annuity transfers
• Project involvement, as needed
• Participate and lead training sessions related to annuity processing for KIS home office, KIS FAs and/or KIS LRMs, as needed.

REQUIRED QUALIFICATIONS:

• Overall knowledge of securities industry and brokerage operations
• Strong skills in problem solving, decision making, time management, delegation, ability to meet deadlines and maintaining composure in a fast-paced environment.
• Excellent written and verbal communication skills
• Ability to build relationships across Company as well as throughout KIS’s vendor relationships.
• Ability to lead and participate in projects impacting or involving the KIS Middle Office

PREFERRED QUALIFICATIONS:

• Prior experience in insurance/annuity products
• Life & Health Insurance license

EQUIPMENT USED/PHYSICAL REQUIREMENTS

Lotus Notes, MS Office

Pershing NetX360

TRAINING REQUIRED

On the job

ABOUT Company:

Company's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Company is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Company provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name Company National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Company also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. Company is Member FDIC.

ABOUT THE BUSINESS:

Company has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. Company’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the Company Leadership team and its business groups. The Corporate Center protects and enhances Company’s brand through thoughtful and deliberate messaging and responsible banking. Our proactive approach and significant expertise engage both internal and external constituents – employees, clients, shareholders, investors, regulators, legislators, community advocates – by adding value, positively influencing their perceptions, and instilling a sense of confidence in Company.

FLSA STATUS:Non-Exempt

Company is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

JobID: 30960BR