Job Description
This is a HYBRID position that requires on-site presence at times in our Bloomfield, CT location. Only local applicants will be considered. POSITION SUMMARY Our Corporate Owned Life Insurance (COLI) organization is looking for a Life Insurance Account Analyst to support our collaborative team as you learn our life insurance products. As your knowledge base grows, you will have the opportunity to expand your responsibilities which would include managing your own block of cases, working closely with broker and client contacts
with the support of a healthy team environment . If you are a detail oriented, self-motivated individual, this role is for you!
ESSENTIAL FUNCTIONS - Process various life insurance transactions for our Corporate Owned Universal Life Insurance clients (e.g. death claims, premium payments, surrenders, withdrawals, loans, lapse mailings, etc.).
- Independently manage and perform case and policy level servicing, focusing on complex level plans for universal life products within Corporate Insurance.
- Manage the renewal process per the requirements of the case profile and the dates established in the renewal calendar. Ability to quickly adapt to changes in plan designs, deliverables, requests, illustrations, software, case load, legislation, etc.
- Utilize advanced level of expertise in all products and procedures to take ownership of the business and effectively service our clients. Maintain knowledge of Corporate Insurance products and plan designs at advanced/expert level. Demonstrate ability to apply design concepts to assigned cases and identify exceptions and the impact on the end results.
- Act as the primary client contact for issue identification and resolution. Communicate technical insurance concepts to executive insureds and brokers.
- Complete all client requests accurately, within service standards and/or within agreed upon deadlines. Ensure all transactions are compliant with applicable laws and regulations.
- Produce special reports and perform analysis as required with accuracy and by the necessary deadlines.
- Utilize knowledge of product and plan designs to interpret illustration results and compliance implications.
- Identify problem areas and implement operation procedures to eliminate escalated issues.
- Identify inefficiencies and make improvements in workflow.
- Actively participate in departmental projects. Project involvement includes: audits, spec development, prioritizing requests, testing, etc.
- Support scanning of critical policy documentation for future audit retrieval.
- Develop expertise in the administration / illustration / imaging systems to efficiently and accurately perform all policy activity.
QUALIFICATIONS - Bachelors degree strongly preferred.
- Working knowledge of windows based computer software applications (MS Office products).
- 3+ years of customer support or business experience in financial services industry or 2+ years of customer support or business experience in Corporate Insurance.
- If servicing variable products, FINRA Series 6 & 63 must be completed within 6 months.
- Successfully complete 3 or more CLU exams within 2 years of hire.
- Strong analytical and financial skills.
- Knowledge of Life Insurance and general accounting principles.
- Strong oral and written communication skills.
- Customer service orientation.
- Proven multi-tasking ability and organizational skills.
- Understanding of financial services industry and related products.
- Sense of urgency to complete work.
- Proven ability to collaborate with others to achieve goals.
If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.
About Cigna Healthcare Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.
Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.
If you require reasonable accommodation in completing the online application process, please email: SeeYourself@cigna.com for support. Do not email SeeYourself@cigna.com for an update on your application or to provide your resume as you will not receive a response.
The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.
Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances. Cigna
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Local area, Work from home,