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Senior Investment Operations Specialist

Company: Empower
Location: Littleton
Posted on: September 18, 2023

Job Description:

Grow your career with a growing organization

Whether they're helping people reach their long-term financial goals or providing personal wealth management strategies, every associate contributes to changing the lives of those we serve for the better. When it comes to job satisfaction, that's hard to beat. And from a personal satisfaction perspective, you'll enjoy the freedom to support causes that matter to you and experience a truly inclusive work environment. Your future starts now.

As a Senior Investment Operations Associate, you will be responsible for the day-to-day management of a designated book of business within the large corporate Non-Qualified market. You'll work with other departments within Empower to process complex financial transactions related to corporate-owned life insurance and mutual funds.

What you will do

  • Interact with insurance carriers, trusts and clients to process financial transactions related to corporate owned life insurance. These transactions include premium processing, policy withdrawals, policy loans, policy surrenders, death benefit increases, death benefit reductions, death claim processing, cash value reporting and sub-account reallocations.
  • Asset and liability reporting
  • Rebalance COLI and mutual fund assets dependent on client thresholds determined within funding directives.
  • Create customized reporting based on client needs.
  • Strong decision-making skills are needed to define problems, collect data, establish facts, draw conclusions, and escalate issues when appropriate. What you will bring
    • FINRA Series 6 & 63 and state insurance license required within 90 days of hire. Active licensing highly preferred.
    • Bachelor's degree in business or an additional four years of equivalent experience
    • 2+ years of financial transaction processing or related work experience
    • Strong Excel skills, including the ability to create hlookups, vlookups, use functions such as SUMIF, and work within complex formulas in workbooks.
    • Meticulous, analytical initiative-taker with a motivation to expand knowledge, skills, and responsibility. What will set you apart
      • Experience working with corporate-owned life insurance highly preferred.
      • Knowledge of finance, accounting, financial modeling, or other technically oriented benefits-related field is preferred.
      • Critical thinker who enjoys working with numbers.
      • Process-driven and able to clearly document procedures for team use.
      • Enjoy the challenge of working in a complicated, ever-changing, and fast-moving environment. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.

        What we offer you

        We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.
        • Medical, dental, vision and life insurance
        • Retirement savings - 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
        • Tuition reimbursement up to $5,250/year
        • Business-casual environment that includes the option to wear jeans
        • Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
        • Paid volunteer time - 16 hours per calendar year
        • Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
        • Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

          Base Salary Range

          $65,300.00 - $82,550.00
          The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

          Equal opportunity employer --- Drug-free workplace

          We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.

          For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.

          Want the latest money news and views shaping how we live, work and play? Sign up for Empower's free newsletter and check out The Currency .

Keywords: Empower, Littleton , Senior Investment Operations Specialist, Accounting, Auditing , Littleton, Colorado

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