• Spec Beneficiary Services Claims Processing

    Location IN-KA-Bangalore
    Posted Date 4 weeks ago(21/6/2018 3:54 AM)
    Job ID
    15896
    # Positions
    1
  • Position Highlights

    Beneficiary claims

     Review and distribute/segregate the transaction based on the claim from beneficiary by working with the appropriate teams to reach resolution
     Review of Legal documents to determine if all required documents are in good order for processing ( Death Certificate, Estate/Charity documents, Disclaimer Letter, Guardianship letter)
     Drafting correspondences to concerned parties for missing or incorrect documents
     Determination of Beneficiary by analyzing our records & calculation of award
     Establish the Beneficiary account, process fund transfer and perform the post audit
     Process disbursement on the funds/source associated with the money type – required knowledge of different money types, vesting, source of money
     Determine the taxes to be applied based on the type of distribution, US federal & state rule.

    Primary Responsibilities

    Experience & Skillset:-

     401K DC experience with Money out or Money in Functions with 2 yrs of experience preferred
     Analytical skills
     Basic Excel Knowledge
     English Language proficiency- both Written & verbal communication skills
     Correspondence writing experience is preferred
     Organizational skills with ability to identify and prioritize based on Turn Around Time

     Achieving the process defined SLA’s
     Strict adherence to non disclosure of client information by preserving client confidentiality
     Identify process efficiencies and contribute to improve
     Ensure Quality Control standards that have been set are adhered to
     Completing assigned responsibilities and projects within timelines apart from managing daily BAU.

    Qualifications

    Graduation is a must

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