Remote Deferred Annuities Contract Specialist - Axelon Services Corporation

Key Responsibilities

• Function as the point person and subject matter expert for inforce annuities and related separate accounts, including deferred annuities.
• Provide technical advice on contracts, state insurance regulatory filings, timely and accurately respond to insurance regulators questions and requests and negotiate approvals with state insurance departments for complex annuity products.
• Draft and coordinate the development of separate account memos of operation filed with state insurance regulators.
• Facilitate state insurance department and Interstate Insurance Compact regulatory filings using the SERFF electronic filing system and abide by RIS recordkeeping requirements.
• Develop and issue forms for highly complex annuity contracts to support new and existing annuities products within RIS. Maintain forms to ensure compliance with applicable laws and regulations.
• Assist in the analysis of proposed and enacted laws and regulations to identify required compliance activities.
• Perform due diligence in analysis of critical new product ventures and contract conversions and effectively communicate implications to stakeholders.
• Prepare complex and detailed documentation including proposals, commitment agreements, annuity contracts, and annuity certificates for prospective pension risk transfer opportunities in a fast-paced and deadline driven environment.
• Participate in complex non-standard assignments and devise targeted solutions.
• Expertly collaborate with various internal Client departments and ensure efforts are coordinated to achieve common objectives.
• Research and respond to internal business partner questions regarding contract features and compliance.
• Lead cross-functional projects and assist with special initiatives requiring project management skills, as required.
• Continuously identify and implement process enhancements to drive efficiency.
• Support the adoption and utilization of the contracts management platform Icertis.
• Conduct peer reviews and provide training and mentoring to junior team members.
• Provide support to other RIS Contracts teams, as needed.

Required Experience and Skills

• Expert level contract development and maintenance knowledge and advanced technical writing skills.
• Deep experience working with deferred annuities contracts.
• Knowledge of the annuities business (particularly pension risk transfer, institutional income annuities and/or structured settlements), qualified defined benefit plans, qualified defined contribution plans and/or ERISA.
• Bachelor s degree or equivalent business experience.
• Strong analytical, problem solving and research skills to manage complex issues.
• Attention to detail, organizational skills, and ability to multitask.
• Self-motivated, flexible, and enthusiastic.
• Excellent oral and written communication skills with ability to engage constructively with associates of various disciplines and levels as well as with state insurance department regulators.
• Solutions-oriented and customer focused.
• Strong interpersonal relationship skills in order to maintain positive working relationships with peers, leaders and business partners.
• Strong interest in identifying and researching opportunities for continuous improvement, including digital/automated business solutions, integrating technology and process improvements.
• Interest in managing projects and reviewing work.
• Willingness to learn and develop skills across a multi-disciplined contracts team and share knowledge as appropriate.
• Proficient in Microsoft Office, e.g., Outlook, OneDrive, Word, Excel, PowerPoint, OneNote, SharePoint, and Teams.

Preferred Experience

• 8+ years of contract development, compliance, legal or relevant business experience.
• Understanding of the insurance industry and product lines
• Knowledge of the regulatory requirements and procedures for the development and filing of compliant contract forms associated with annuities business.
• JD is a plus, but not required.