Direct message the job poster from Prosperity Life
Katrina Carner
Human Resources Advisor @ Prosperity Life | BBA
This role will have responsibility for Life Insurance TPA Oversight Manager of new business, service and the policies, procedures and strategies required for efficient administration of life policies. The role also supports both discretionary and production support related to projects with analysis, requirements, and testing. Successful incumbent will partner closely with operational teams, product, compliance, marketing, and key vendor partners.
Major Duties and Responsibilities:
Leads the establishment of policies, procedures and related to the efficient administration of life policies
Ensures timely and accurate processing of annuities by monitoring service standards and work with TPA leadership to adjust workflows and resources to meet performance
Drives continual improvement of the Customer Experience leveraging effective quality and audit controls
Analyzes system problems and customer impact of business processes and develops recommendations for remediation and customer communication
Assist in the handling of exceptions, escalations and complicated technical cases while weighing the company philosophy, compliance, business risks, tax and regulatory ramifications and administrative costs
Supports special projects and system enhancements providing the Operational Business Analyst with information needed to include detailed subject matter expertise, research, and analysis
Serves as a technical writer for Prosperity Life and the TPA teams by creating custom procedures, talking points, and customer correspondence. Facilitates the mailing and archival of correspondence in conjunction with project related remediation efforts.
Supervisory Responsibilities:
This job does not have supervisory responsibilities.
Education, Experience, and Skills:
Minimum of 1 year of experience in all types of life products and TPA oversight management
Demonstrated knowledge of operations and process improvement along with strong business acumen and the ability to translate business plans into actionable solutions
Extensive knowledge of term, whole life, universal life, variable life, and final expense
Experience with risk management (audit, regulatory, legal, etc.)
Experience analyzing, measuring and evaluating workflows
Experience with insurance administrative systems and with point-of-sale technologies such as Apptical, and Firelight
Excellent verbal and written communication skills, at all levels of the organization
Ability to effectively interact/interface with external parties – agents, distributors, customers, and vendors
Tactful and professional, with the ability to influence others
Ability to influence strong critical thinking skills and the ability to effectively problem solve
Ability to work in a complex and innovative environment
About
Prosperity Group Holdings, LP (“Prosperity”) is a holding company with three U.S. insurance entities: Shenandoah Life Insurance Company (“SHEN”), SBLI USA Life Insurance Company, Inc. (“SBLI”), S.USA Life Insurance Company, Inc. (“S.USA”); one Bermuda reinsurance entity, Prosperity Life Assurance Limited (“PLAL”); as well as an asset manager, Prosperity Asset Management, LLC (“PAM”).
Through the three U.S. insurance entities, Prosperity provides financial security to customers and their families through innovative protection, asset accumulation, and supplemental health insurance products. Through its reinsurance entity, it provides customized and innovative capital, investments and risk management solutions to its reinsurance clients. All Prosperity insurance/reinsurance entities are rated A- by A.M. Best and Kroll.
Since 2019, assets under management by Prosperity entities have grown from $2.3 billion to $16 billion. Prosperity is owned by funds affiliated with Elliott Investment Management L.P. (“Elliott”) and has access to flexible capital through Elliott. The funds that make up the capital provided by Elliott to Prosperity have no maturity date and therefore no time horizon to exit. This allows Prosperity to grow at their own pace over a long period of time.
Prosperity is a high-growth insurance holding company led by a seasoned management team with significant experiences in the insurance and asset management sectors.
Seniority level
Entry level
Employment type
Full-time
Job function
Research, Analyst, and Information Technology
Industries
Insurance
Referrals increase your chances of interviewing at Prosperity Life by 2x