In-Force, Annuities Operational Expert

Posted 3 Days Ago
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Zionsville, IN, USA
In-Office
Senior level
Insurance
The Role
Supports annuity in-force operations through strategic projects, regulatory and product change interpretation, process updates, compliance reviews, corrective processing, root-cause analysis, knowledge transfer, business requirements, user acceptance testing, and continuous improvement initiatives.
Summary Generated by Built In

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Why This Role Matters:

The In-Force, Operational Expert role is responsible for assisting in strategic projects, collaborating with business units across the organization to support the In-Force department in cross-business project initiatives and retaining knowledge and proficiency in related areas of In-Force by performing job functions.

How You’ll Contribute:

  • Champion projects to support In-Force by documenting and understanding project impacts to current processes and updating procedures accordingly
  • Interpreting the impact of Product, Regulatory and Legal changes to departmentalize existing and new processes
  • Consulting on project scope and documentation of non-MVP items on Product Releases or otherwise
  • Review CODE Regulatory changes and interpret any impact on Operations
  • Partnering with Compliance to ensure Operations is within standard and compliance 
  • Review Audit Narratives and Model Audit Rules to ensure accuracy and compliance
  • Leading knowledge transfer between Product and Operations and interpreting the impact to Annuity Operations
  • Facilitating contract corrections, corrective processing and complex processing
  • Identifying root causes of operational issues and developing effective solutions
  • Learning, retaining, and updating one's knowledge of a wide variety of financial product information and internal processes and procedures, while adhering to strict financial industry rules and regulations. 
  • Helping the Annuity Operations through change by planning, implementing and monitoring changes
  • Consulting on Business Requirement Documents and contribute to User Acceptance Testing in coordination with cross-business areas
  • Planning, executing and monitoring In-Force projects to achieve desired outcomes
  • Lead process improvement initiatives and support project implementations

What We’re Looking For:

  • 5+ years of annuity experience is preferred
  • Proven ability to communicate effectively
  • Strong problem-solving skills and experience working in a fast-paced environment
  • Demonstrated expertise in relevant industry practices and standards
  • Demonstrated ability to provide expert advice and guidance on complex operational issues

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability. All employees (regardless of hours worked) have immediate access to the Company’s Employee Assistance Program and wellness programs—no enrollment is required.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company.

 

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

#LI-ST1

Skills Required

  • 5+ years of annuity experience
  • Effective communication skills
  • Strong problem-solving skills
  • Experience working in a fast-paced environment
  • Expertise in relevant industry practices and standards
  • Ability to provide expert advice and guidance on complex operational issues

Group 1001 Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Group 1001 and has not been reviewed or approved by Group 1001.

  • Fair & Transparent Compensation Pay is considered competitive for many specialized and senior roles, with employer-posted salary ranges providing clarity for candidates. Job postings indicate market-aligned compensation in several corporate, tech, and sales functions.
  • Leave & Time Off Breadth Time off is portrayed as generous, including paid holidays and multiple leave types alongside hybrid work options for eligible roles. Some positions also offer remote flexibility that supports overall work–life balance.
  • Retirement Support Retirement offerings include a 401(k) with company matching and are emphasized as a core part of total rewards. Certain postings reference immediate vesting, reinforcing attention to long-term savings.

Group 1001 Insights

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The Company
HQ: Indianapolis, IN
184 Employees
Year Founded: 2013

What We Do

Group 1001 Insurance Holdings, LLC (“Group 1001”) is an insurance holding company in the United States, with current combined assets under management of approximately $57.5 billion as of June 30, 2022, and a mission for setting a new standard in the insurance industry by making insurance more useful and intuitive for everyone. Group 1001 is a long-standing, nimble, and tech-driven financial services enterprise established on deep industry expertise and reliable delivery of long-term value through empowering its customers, employees, and communities. Leveraging upon its record of building successful businesses and strong operating fundamentals, Group 1001 powers the next generation of insurance businesses with useful and intuitive solutions and products accessible to everyone. Group 1001 invests in strategic partnerships as part of our mission to transform communities through sports and education. Group 1001 and our subsidiaries have a strong commitment to service and community transformation. Education and sports initiatives, coupled with impactful partnerships, allow Group 1001 to improve lives through positive change in our communities. Learn more at Group1001.com.

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