Business Operations Representative Senior - Fixed Policyholder Benefits | Hybrid

Allianz Life; Minneapolis (MN); On-site; USD 58,000 - 86,000; Full time

Benefits offered by this job

401(k) matching

Job summary

Allianz Life is seeking a Senior Business Operations Representative to manage requests from FMOs, Financial Professionals and policyholders, applying knowledge of Allianz's products, customers, and operations to ensure accurate processing via web, Distribution or Contact Center.

In addition to external work, you will mentor new team members, lead cross-functional projects, and publish daily workload reports. Strong collaboration and adherence to controls, policies and regulations are essential.

Qualifications

• Four year degree or equivalent work experience.
• 2+ years operational experience in Allianz Operations, insurance or financial industry.
• Must be legally authorized to work in the U.S. without visa sponsorship.

Responsibilities

• Handle requests from FMOs, Financial Professionals and internal partners.
• Process money-out requests via web, Distribution or Contact Center.
• Provide subject matter guidance to partners at TCS.
• Onboard, mentor and train new team members; lead cross-functional projects.
• Publish daily workload reports and direct daily work assignments.

Skills

Collaboration

Communication

Operations experience

Insurance knowledge

Regulatory compliance

AI tools

Team mentorship

Risk & controls

Money-out processing

Education

Four year degree

Equivalent work experience

Tools

Generative AI

Job description

At Allianz Life, we are driven by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting equality in our communities.

This position will be working on the Fixed Annuity Policyholder Benefits team. You will be responsible for effectively managing requests and inquiries from FMOs (Field Marketing Organizations), Financial Professionals and/or policyholders by accurately applying knowledge of Allianz's business, products, customers, and operations. You will process requests generated via web, Distribution or Contact Center, including on money-out requests. You will also provide subject matter guidance to our partners at TCS.

In addition to serving external customers, you will also collaborate with various internal stakeholders to ensure a seamless customer experience. Adherence to established guidelines, policies, and procedures is crucial in delivering consistent and high-quality service. Meeting or exceeding all benchmarks related to customer service metrics, productivity, and quality is paramount in this role.

As a Business Operations Representative Senior, you will also be an informal team leader, helping to onboard, train and mentor new team members, as well as work on cross-functional projects. You will direct and assign daily work and publish daily workload reports. This role reports to the Operations Business Manager.

What You Do

• Collaboration and communication
• Collaborate with various internal stakeholders, such as Relationship Management, Sales, Legal, and Special Investigation Units (SIU) to ensure requests are processed appropriately.
• Handle escalations sent via FMOs, Financial Professionals and internal business partners.
• Provide support and coordination for both onshore and offshore interactions, including implementing controls and conducting peer reviews.
• Request processing
• Process money-out requests generated via web, Distribution or Contact Center.
• Use understanding of risks, controls and regulations to ensure request is in compliance.

Team leadership and project work

• Onboard, mentor and train new team members.
• Coordinate work assignments for the team to ensure efficient and effective operations.
• Act as SME on Enterprise Inforce Operations, EPS and corporate projects as well as lead department projects.

Primary technical skills

• Have experience and success with the task and need no coaching to complete the task and may provide coaching to others.
• Utilization of new and legacy systems, as well as the ability to train team members on systems.
• Understanding of industry and Allianz terminology.
• Extensive product knowledge (Life, Fixed, Variable, ETFs, etc.).
• Understanding of the regulations for insurance and how they apply to Allianz business.
• Understanding of compliance, fraud and AML guidelines and mitigation strategies.
• Understanding of tax laws and impacts to products.
• Ability to prioritize requests and workload.
• Understanding of Distribution structures and the FMO/BD partners they work with.
• Utilization of artificial intelligence tools and resources (e.g. generative AI).

What You Bring

• 2 or more years experience required: 3-5 years operational experience; Allianz Operations, insurance or financial industry
• Four year degree required or equivalent work experience
• You must be legally authorized to work in the U.S. and will not require immigration sponsorship for visa status now or in the future (e.g. H1-B, L-1, TN, etc). If you are currently on CPT/OPT, you are ineligible due to the need for future immigration sponsorship.

Job posting range: $58,000 - $86,000

Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.

What We Offer

At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer: a choice of comprehensive medical, dental and vision plan options, flexible spending and health savings accounts, tuition reimbursement, student loan retirement program, generous annual paid leave, an outstanding 401(k) company match, and life insurance. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that is fair, caring, and inclusive. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer. For additional information regarding What It’s Like To Work Here | Allianz Life.

105683 | Operations | Professional | Allianz US Life | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let’s care for tomorrow.