Policy Processing Clerk modifies, updates, and processes existing insurance policies and claims to reflect any change in beneficiary, amount of coverage, or type of insurance. Evaluates information from application for policy reinstatement for completeness and accuracy. Being a Policy Processing Clerk may approve policy if all criteria's are met. Requires a high school diploma or its equivalent. Additionally, Policy Processing Clerk typically reports to a supervisor. The Policy Processing Clerk possesses a moderate understanding of general aspects of the job. Works under the close direction of senior personnel in the functional area. May require 0-1 year of general work experience. (Copyright 2024 Salary.com)
Company:
Client is a Life & Annuity carrier, which is a mid-size, investment fund backed company that is fast-growing but established. The company is led by a CEO and a team with extensive experience in private equity, insurance, investment banking, and the Big 4, and is well-respected in the life & annuity space. Their mission is to provide risk management solutions for their clients, who are primarily other insurance carriers looking to transition in force life and annuity blocks of business. While the company does write some live risk, the majority of their business involves buying in force blocks of business.
Scope:
The role of Assistant Vice President (AVP) – Accounting Policy has been newly established to bolster the organization's ongoing growth and navigate increased complexity during the Company's finance function transformation for sustained expansion. In this capacity, the AVP – Accounting Policy will serve as the primary authority for technical accounting research, offering insights into the interpretation and application of existing and impending accounting guidance. This pivotal leadership position within the finance department involves providing crucial support to the Corporate Controller in ensuring adherence to mandated accounting standards. Responsibilities encompass overseeing compliance with technical accounting matters, addressing queries, guiding new transactions and projects, and facilitating the integration of emerging accounting standards. Additionally, the AVP – Accounting Policy will contribute to the preparation and evaluation of diverse US GAAP and Statutory financial statements, while also actively participating in maintaining compliance with internal controls stipulated by Sarbanes-Oxley.
Responsibilities:
Qualifications:
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