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Entry Level Insurance Policy Administrator

Newport

in Lake Mary FL

Logo for Newport

Who We Are: 

 Newport helps companies offer their associates a more secure financial future through retirement plansinsurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced and responsive.

Are you looking to start your career and learn about the retirement and insurance industry? Do you have an analytical mindset, like working with numbers and have great attention to detail? Read on to learn about the role and how you will make an impact !

Job Summary:

Newport has an excellent opportunity for an Insurance Policy Administrator who will perform function that assist in the implementation and ongoing policy for all insurance products supported by Newport (COLI, BOLI, IOLI, Disability, Individual, and LTC). 

What You Will Do:

  • Responsible for providing day to day policy administration, not limited to death benefit changes, policy surrenders, policy loans, owner and beneficiary changes, split dollar administration and miscellaneous carrier forms.
  • Develop and maintain full understanding of life insurance policy administration and work with senior policy administrator on an assigned book of policies.
  • Responsible for determination of premium amount based on communication with Senior Policy Administrator, Senior Consultant or Financial Analyst, client-specific documentation, and established procedures
  • Prepare and process all premium and loan interest invoices as well as scheduling policy value reporting; including downloading, formatting, auditing, and forwarding to client
  • review and forward client carrier confirmation statements.

 Skills, Education and Experience: 

  •        Bachelor’s degree in Finance, Economics or Math or equivalent in education and experience
  •        Strong analytical, problem solving and organization skills
  •        Must have excellent written and oral communication skills
  •        Proficient using Excel, Word, PowerPoint, Adobe and Insurance product software
  •        Insurance License required to be obtained within the first 90 days of employment

Newport offers for employment are conditioned upon satisfactory completion of our employment screening process (including, but not limited to, a review of past employment and education records, background investigation, and/or credit check and fingerprints.)

Newport unequivocally rejects racism and discrimination of any kind and fosters an environment of belonging to provide access and opportunity for all.  As an Equal Opportunity Employer we do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identify, gender expression, national origin, age, non-disqualifying physical or mental disability, veteran status, or any other basis covered by applicable law. All employment is decided on the basis of qualifications, merit, and business need.

How to Apply

Apply Now


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