Annuity Analyst I

Modern Woodmen of America; Rock Island (IL); On-site; USD 42,000 - 45,000; Full time

Benefits offered by this job

Company-paid retirement plan

Matching 401(k) plan

Medical, Dental and Prescription Drug

Vacation and sick leave

11 paid holidays

On-site Café 1883

Job summary

Modern Woodmen of America in Rock Island, IL seeks an Annuity Analyst to support field representatives, members, and employers by processing new business and service requests for both fixed and variable annuities. You will analyze applications, handle data entry, and manage transfers to ensure accurate processing.

The role emphasizes exceptional customer service, attention to detail, and the ability to work in a fast-paced environment. Office-based with full-time hours.

Qualifications

• Bachelor’s degree and at least two years of related experience preferred.
• A strong commitment to delivering exceptional customer service and building positive relationships.
• Excellent attention to detail with a focus on accuracy and quality.
• Outstanding organizational and time management skills, with the ability to prioritize multiple responsibilities in a fast-paced environment.
• Strong problem-solving skills and the ability to resolve issues efficiently while contributing to a collaborative team environment.
• A passion for continuous learning and a desire to expand knowledge of annuity products, retirement planning, and the financial services industry.

Responsibilities

• Analyze qualified and non-qualified annuity applications and perform data entry for new business and changes for both variable and non-variable applications.
• Perform 1035 exchanges for non-qualified annuities and correspond with the financial institution being replaced to obtain annuity funds.
• Update, review and maintain Salary Allotment Plan file and ensure plan eligibility and guidelines are maintained, along with creating and maintaining records.
• Process transfers and rollovers from other financial providers to expedite asset exchanges.
• Receive and service a wide variety of telephone calls from field force, members and employers regarding qualified plans and annuity products.
• Review correspondence concerning Modern Woodmen’s qualified plans and deferred annuity to determine action.

Skills

Customer service

Attention to detail

Time management

Problem solving

Team collaboration

Education

Bachelor’s degree

Job description

Modern Woodmen of America is seeking a customer-focused professional with knowledge of retirement savings products to join our team as an Annuity Analyst. In this role, you will support our field representatives, members, and employers by processing new business and service requests for qualified and non-qualified annuities, including both fixed and variable products. You'll play a key role in delivering outstanding service while ensuring accurate and timely transaction processing.

Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with over $18 billion assets. Fraternals are unique membership organizations that pair the “member-owned” characteristic of a mutual insurance company with the “social mission” characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation’s most effective volunteer networks.

Responsibilities:

• Analyze non-qualified and qualified annuity applications and perform data entry for new business and changes for both variable and non-variable applications.
• Perform 1035 exchanges for non-qualified annuities and correspond with the financial institution being replaced to obtain annuity funds.
• Update, review and maintain Salary Allotment Plan file. Ensure plan eligibility and guidelines are maintained along with creating, updating, and maintaining manual and computer records as required.
• Process transfers and rollovers received from other financial providers to assist in expediting exchange of assets. Correspond with financial provider being replaced to obtain necessary funds.
• Receive and service a wide variety of telephone calls from our field force, members and employers regarding qualified plans and annuity products.
• Review correspondence received concerning Modern Woodmen’s qualified plans and deferred annuity to determine the appropriate action.
• Remain current on new and existing tax laws surrounding qualified plans.
• Assist in the development of new systems to help streamline and create efficiencies within the department.
• Attend webinars, conference calls and conferences throughout the year to keep up to date on product and industry trends, changes in rules and regulations, and administration processing.

What we need:

• Bachelor’s degree and at least two years of related experience preferred.
• A strong commitment to delivering exceptional customer service and building positive relationships.
• Excellent attention to detail with a focus on accuracy and quality.
• Outstanding organizational and time management skills, with the ability to prioritize multiple responsibilities in a fast-paced environment.
• Strong problem-solving skills and the ability to resolve issues efficiently while contributing to a collaborative team environment.
• A passion for continuous learning and a desire to expand knowledge of annuity products, retirement planning, and the financial services industry.

What we offer:

• Pay: The hourly pay for this position is $22.00. The specific rate will depend on the successful candidate’s qualifications and prior experience. Applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.
• Work Arrangements: This is a full-time office focused, hourly position: 37.5 hours per week (7.5 hours per day), Monday- Friday, with flexible start time between 7 a.m.-9 a.m. Office focused positions work on-site due to the nature of the work and have limited remote days.
• Stability: Modern Woodmen has been Modern Since 1883 and exists for our members. We make long-term decisions that provide stability for our employees, financial representatives, and members.
• Respect for personal time: We offer vacation, sick leave and 11 paid holidays. We value your time outside of work and offer careers that blend work and life well.
• Professional growth: Benefit from our commitment to employee development which includes educational offerings to enhance your knowledge of our industry.
• Great culture: We build strong working relationships across our organization through collaborative work and volunteer opportunities.
• A beautiful office: Enjoy a beautiful view! Our home office, located in downtown Rock Island, IL, has a lovely plaza overlooking the Mississippi River.
• On-site Café: Our employees can purchase a variety of breakfast, lunch, and beverage options at Café 1883.
• A thriving local community: Not from the Quad Cities and hesitant to consider relocation? Give it some thought. The Quad Cities offers an idyllic Midwestern lifestyle along the mighty Mississippi and consistently ranks at the top of the list for quality of life and cost of living. It is home to more than our share of artists, festivals, and fun in every season.
• Exceptional benefits: Our comprehensive benefits package is designed to support your health and financial well-being. Benefits include:
  • Company-paid retirement plan
  • Matching 401(k) plan
  • Employee Impact Bonus
  • Medical, Dental and Prescription Drug Insurance. We pay 100% of employees’ health insurance premiums and 50% of employee dependents’ premiums.
  • Group term life insurance.
  • Long-term and short-term disability.
  • Voluntary benefits: vision, flexible savings accounts (FSA), accident insurance

Modern Woodmen is an equal opportunity employer. Modern Woodmen is committed to providing a respectful environment where each person’s diverse opinions, attitudes, attributes, and feelings are respected.

Equal Opportunity Employer