Remote Deferred Annuities Contract Specialist

Job Description: Job Title: Deferred Annuities Contract Specialist
Pay Rate - $65/hr - $90/hr on W*2

Location: Virtual - if they would like to come into an office they can.
Flexible hours - but have a preference for a candidate to be available during standard business hours - 9:00 am EST to 5:00 pm EST.

Required Skills and Experience:

• 10+ years' experience in deferred annuities required.
• Excel and word proficient
• Experience drafting contracts and certificates

• Serve as technical advisor on deferred annuities contracts, including drafting and benefit design for inforce conversions and clean-up.
• Partnering with the business to review legacy contracts and provide advice on benefit design and regulatory requirements.
• Use business skills and deferred annuities expertise to provide objective advice, identify options, provide recommendations, and partner with business to devise and deliver solutions.
• 10+ years' experience in deferred annuities required.

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.