Distribution Processor

Feel Good About Doing Good

The Knights of Columbus is a tax-exempt Catholic fraternal benefit society that provides financial security to members and their families through our life insurance, long-term care insurance, disability income insurance, investment and annuity products. Charity is at the core of our missions: our profits are donated to help those in need and to support our faith - $1.73B over the past ten years.

While we have many employees who are not Catholic, we follow the Church’s teachings in our investment strategies and our employee benefits. As part of our religious mission, we support the pro-life cause by contributing to the March for Life and pregnancy resource centers, we oppose assisted suicide and euthanasia, we are evangelists for the Catholic faith, and we help Christians who are facing religious persecution in the Middle East. We all work together to support our two million members as they volunteer to help others in their parishes and communities around the world.

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Overview

Accountable for processing of settlement options, immediate annuity contracts, Registered Retirement Income Funds (RRIF), and Systematic Withdrawal Options (SWO) and related EFT records pertaining to annuity distributions. Maintains related records and prepares reports. Fields inquiries about distributions, answers questions, and resolves inquires.

Core Responsibilities

• Creates and maintains settlement options, RRIF, immediate annuity contracts, and Systematic Withdrawal Option (SWO) requests
• Prepares and processes surrenders, partial withdrawals and general accounting transactions to fund distribution annuities
• Processes unscheduled withdrawals, RRIF responses, beneficiary changes, death claims, related EFT records and other pertinent file maintenance required for distribution annuities
• Handles complex calls and correspondence from clients, agents, law offices, beneficiaries; researches and resolves issues
• Assists in preparation for scheduled reports and mailings including year-end work (i.e., statement valuations and annual statements)
• Performs related duties as assigned
  
  

Skills Qualifications

• Knowledge of KofC retirement plans/products (including Ratebook), insurance and annuity plans/products
• Knowledge of basic accounting principles
• Basic mathematical skills
• Ability to pass data entry test
• Data entry skills
• Detail oriented; ability to determine and correct errors related to job duties
• Communication skills
• Customer service skills
• Collaboration and teamwork Systems/Technical Knowledge:
• Ability to use PC and related software, including Microsoft Outlook, Word, Excel and Access
• Ability to enter and view data in policy administrative systems: Ingenium and CICS (Life 70) (including online accounting and Master Record)
• Ability to use Imaging and workflow system: AWD
• Ability to use illustration system to create illustrations: Navigator
• Ability to use a calculator
  
  

Education

• High school diploma
• 3 to 5 years of experience, prior annuities/retirement experience preferred
  
  

Compensation

This is a union position with a starting pay of $31.47 an hour.

Authorization To Work In The United States Is Required.

This position is not eligible for visa sponsorship.

Physical Demands

Must be able to remain in a stationary position for a majority of the workday.