American International Group Brentwood , TN 37024
OP - Operations
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
AIG Employee Services, Inc.
Your Future Team
DSA Re: In 2016, AIG created a third reporting segment, Legacy, to manage non-core assets and liabilities, and businesses in run-off, with the objective of balancing the benefits of return of capital or capital redeployment, with potential near-term reductions in book value. The launch of the DSA Re entity in 2017 was an important early step in achieving that objective. AIG continued the DSA Re strategy by announcing a strategic partnership with The Carlyle Group to achieve the long-term vision for DSA Re. DSA Re currently reinsures $36 billion of AIG's Legacy Life and Annuity and General Insurance liabilities. DSA Re's diversified risk portfolio, strong claims operation, and efficient administration capabilities provide the foundation for a platform that can be scaled over time to offer unique solutions to external parties. AIG and Carlyle plan to build DSA Re into a standalone platform with financial strength that complements its strategically differentiated capabilities. For more information, please visit http://www.aig.com/investor-relations.
Your Contribution at AIG/DSA Re
As a part of our Annuity Servicing team, you will report to the Annuity Manager and support the Annuity Lines of Business. You will be on the "front line" providing exceptional customer service ensuring support to both internal and external parties with a wide range of service functions, consistently meeting service level and performance targets in terms of volume, accuracy and quality. As a contributor at AIG you are the one our clients turn to in times of need. You will act with speed, composure, compassion and knowledge to solve problems and the work you do every day is the heart of AIG's business.
Daily responsibilities will require you to wear several hats throughout the day. Specifics include:
Ensure each client interaction provides stellar quality service with established standards.
Handle callbacks, emails and letter inquiries for both internal and external clients.
Handle Customer Complaints and recommend exception processing.
Handle escalated issues with appropriate attention and actions.
Research various databases for missing beneficiary information or unclaimed funds.
Accounting and Operations Processing
Perform account balancing, correct accounting errors and pension payments.
Process moderately complex to complex routine and non-routine transactions.
Process the set up and Calculations of third party pension payouts while working in conjunction with multiple third party coordinators.
Operations and Contract Maintenance
Perform all post sale requests including policy questions, address changes, , Payout processing including balancing, stops/reissues, fund transfers, and monthly/quarterly statement mailings, proper tax reporting of client disbursements.
Provide prompt and accurate service involving the handling of Annuity functions in the Administrative Service area.
Execute defined calculations based policy provisions: such as calculate age adjustments for claims, calculate settlement adjustments as necessary.
Handle Periodic Payments related to Settlement Options.
Perform periodic system maintenance tasks such as updating tables.
Perform system testing for IT corrections and enhancements.
Provide death claim forms (packets) to beneficiaries upon notification of a claim, including appropriate required state forms; reviewing completed returned forms/death certificates and completing claim by either issuing check or recording and updating the file for spousal continuation when all proper steps are completed.
Review periodic reports and take appropriate action.
Procedures and Training
Responsible for keeping training documentation updated.
Provide training for new employees as well as cross-training within company.
Provide explanation and documentation for Internal, External and Third party audit requests.
Assist with ensuring key controls are in place and Business/Financial guidelines are followed.
What we are looking for
Bachelor's Degree is preferred or equivalent experience in the insurance industry.
Annuity Background of at least 5 years in a processing environment where customer calls were routed as well as research performed.
SPIA and payout experience specifically with variable annuities experience a plus.
Candidate should possess the ability to see and understand the big picture so they can recommend adjustments to the process to achieve efficiency and better customer service.
Experience with SPIA payout annuities including variable annuity processing.
Familiarity with tax process which includes 1099's a plus.
Strong computer skills including Word and Excel are required. Knowledge and experience with RPS15 and NaviSys insurance processing system, CA View and AWD a plus.
Ability to interpret contract language a plus.
Candidates must be able to manage, organize and complete all activities on a daily basis.
Good oral and written communication and excellent customer service skills.
Candidate must be able to analyze and research routine inquiries received in both written and verbal form from clients and determine appropriate action. Respond with accurate information in a courteous manner by the date and time promised.
Must be able to attain knowledge of various internal computer programs and the ability to manipulate multiple screens simultaneously.
Strong analytical and critical thinking skills.
Must have proven problem-solving abilities.
Must be detail oriented.
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.