Annuity Processing Specialist at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Insurance, Financial ServicesIndustries

Requirements

Insurance license & Series 7 preferred
Insurance and financial service experience preferred
Excellent customer service and communication skills required
Detail oriented and able to multi-task
Prior experience with Finetre/AnnuityNet software would be beneficial

Responsibilities

Process annuity applications, review for missing paperwork/documents and verify processing requirements
Ensure that all needed forms are submitted with the application and all processing guidelines are met in a timely manner
Act as liaison between registered representatives and carriers for coordinating the application process, including all required documentation
Follow-up on pending and open business
Verify Agent licensing and appointments and process such licensing and appointment paperwork when needed
Verify sufficient funding is in place prior to business submission
Obtain and relay any necessary information and correspondence between the clients, vendors, and other services providers
Communicate regularly with sales staff, management, vendors, and clients to be sure the highest possible quality of customer service is being provided for every individual
Respond promptly and courteously to sales force
Other duties as assigned

Skills

Key technologies and capabilities for this role

Annuity ProcessingFinetreAnnuityNetSeries 7Insurance LicenseAgent LicensingCustomer ServiceDocumentation ReviewMulti-tasking

Questions & Answers

Common questions about this position

What is the location for this Annuity Processing Specialist role?

The position is located in Cincinnati, Ohio 45227.

What are the minimum knowledge, skills, and abilities required for this position?

Insurance license & Series 7 preferred, insurance and financial service experience preferred, excellent customer service and communication skills required, detail oriented and able to multi-task, and prior experience with Finetre/AnnuityNet software beneficial.

What is the base salary for this role?

This information is not specified in the job description. The base salary is reflective of the range for roles within this pay grade across the U.S., varying by factors such as role, skillset, experience, education, and location.

What benefits does Fifth Third Bank offer?

Comprehensive benefits programs support physical, financial, emotional, and social well-being for employees and their families. More details are available on the 53.com Careers page.

What makes a strong candidate for the Annuity Processing Specialist position?

Candidates with an insurance license & Series 7, experience in insurance/financial services, excellent customer service and communication skills, detail orientation, multitasking ability, and familiarity with Finetre/AnnuityNet software stand out.

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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