New Business Analyst I

Kansas City Life Insurance Company; Kansas City (MO); On-site; USD 38,000 - 46,000; Full time

Job summary

Kansas City Life Insurance Company is seeking a motivated New Business Processing Associate to join our New Business department in Kansas City, MO. The role focuses on reviewing and processing life insurance applications, ensuring accuracy and compliance.

Responsibilities include activating policies after underwriting approval, handling documents in the imaging workflow, and coordinating with agents to obtain missing information.

Qualifications

• College degree preferred.
• 6-12 months in an office or insurance processing environment preferred.
• Good typing skills.
• Microsoft applications (Excel, Word, Outlook) desired.
• Ability to communicate clearly, effectively and professionally with all customers (internal and external).
• Capable of working independently as well as in a team environment.
• Regular and reliable attendance and punctuality is an essential function of this position.

Responsibilities

• Submit all universal life, term, annuities, simplified issue, final expense and also includes rollovers/conversions into the insurance processing system. Verify the accuracy and completeness of the application and related documents. Determine administrative requirements for New Business processing. Process and allocate all money received.

Skills

Typing skills

Microsoft Office

Communication skills

Teamwork

Attendance reliability

Education

College degree

Job description

Kansas City Life Insurance Company, a recognized leader in the insurance industry, is seeking an energetic, self-motivated individual to join our New Business department. The ideal candidate would meet the following requirements:

QUALIFICATIONS/REQUIREMENTS:

• College Degree preferred
• 6-12 months in an office or insurance processing environment preferred
• Good typing skills
• Microsoft applications (Excel, Word, Outlook) desired
• Ability to communicate clearly, effectively and professionally with all customers(internal and external)
• Capable of working independently as well as in a team environment
• Regular and reliable attendance and punctuality is an essential function of this position.

DUTIES/RESPONSIBILITIES:

• Submit all universal life, term, annuities, simplified issue, final expense and also includes rollovers/conversions into the insurance processing system. Verify the accuracy and completeness of the application and related documents. Determine administrative requirements for New Business processing. Process and allocate all money received.
• Activate policies after underwriting approval on insurance processing system, which includes policy dating, error corrections, changes, delivery requirements and drafting initial premium if necessary. Review and approve annuity and conversion applications (if applicable). Order policy pages after final check complete.
• Handle applications and various documents received within our electronic imaging workflow system to prepare them for submitting and/or processing of pending business. Coordinate and maintain applications within the workflow system while processing for New Business.
• Communicate with agent/agency concerning questions about application processingand administrative procedures by phone, fax and email. Maintain the pending write system for new apps, initiate application writes on application omissions or questions. Order requirements from third party vendors or other requirements as requested by the underwriter. Type Modification Forms, App. Cont. Forms, and/or Policy Amendments when changes are requested by the underwriter and/or agent
• Process withdrawn, declined or cancelled cases; order letters, complete journal entries for refund of money. Execute replacement notifications. Mail letters checks to clients.
• Resolve questions, errors and system signals; calculate premiums and/or run anillustration and the ability to research rate book guidelines on all products. Cross train on other functions within New Business.
• Execute replacement notification by reviewing state replacement regulations todetermine individual state requirements. Send notification to other insurance/annuity company along with appropriate supporting documents (if applicable). Process 1035 exchanges and fund transfer paperwork (if applicable). Follow up on these requests with other companies.

Kansas City Life Insurance Company offers a competitive salary and an excellent benefits package.

Kansas City Life Insurance Company

ATTN: Human Resources Department
3520 Broadway
P.O. Box 219139
Kansas City, MO 64121-9139
EOE/MFVH
e-mail: [e-mail]