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Kansas City Life Insurance Company · 5 hours ago

New Business Analyst I

Kansas City, MO

Full-time

Onsite

New Grad, Entry Level

0+ years exp

Kansas City Life Insurance Company is seeking a New Business Analyst I to support their insurance processing operations. The role involves submitting and verifying applications, handling communications with agents, and processing various business documents.

Insurance

Responsibilities

Submit all universal life, term, annuities, simplified issue, final expense and also includes rollovers/conversions into the insurance processing system. Verify the accuracy and completeness of the application and related documents. Determine administrative requirements for New Business processing. Process and allocate all money received

Activate policies after underwriting approval on insurance processing system, which includes policy dating, error corrections, changes, delivery requirements and drafting initial premium if necessary. Review and approve annuity and conversion applications (if applicable). Order policy pages after final check complete

Handle applications and various documents received within our electronic imaging workflow system to prepare them for submitting and/or processing of pending business. Coordinate and maintain applications within the workflow system while processing for New Business

Communicate with agent/agency concerning questions about application processing and administrative procedures by phone, fax and email. Maintain the pending write system for new apps, initiate application writes on application omissions or questions. Order requirements from third party vendors or other requirements as requested by the underwriter. Type Modification Forms, App. Cont. Forms, and/or Policy Amendments when changes are requested by the underwriter and/or agent

Process withdrawn, declined or cancelled cases; order letters, complete journal entries for refund of money. Execute replacement notifications. Mail letters checks to clients

Resolve questions, errors and system signals; calculate premiums and/or run an illustration and the ability to research rate book guidelines on all products. Cross train on other functions within New Business

Execute replacement notification by reviewing state replacement regulations to determine individual state requirements. Send notification to other insurance/annuity company along with appropriate supporting documents (if applicable). Process 1035 exchanges and fund transfer paperwork (if applicable). Follow up on these requests with other companies