Corporate Opportunities

Security Mutual Life Insurance Company

Binghamton, NY

Job Title: Agency Contracting Specialist

Department: Agency
Status: Regular, Full Time
Reference #: 0762
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to appoint, contract, review and terminate agents and brokers for Security Mutual Life and SML Agency Services.

  • Complete initial set up of new Agencies
  • Contract and terminate agents
  • Coordinate contracting with insourced product carriers
  • Process and oversee appointment renewals for agents contracted with SML and terminate agent as directed
  • Maintain Agent Master File and perform client record set up
  • Maintain internal communications to all servicing departments
  • Maintain client information for General Agencies, Brokers, Career Agents and Regional Contacts
  • Additional duties and project participation as required and assigned by Management

Required skills & experience:

  • 1-2 years in Customer Service required
  • 1-2 year of Life Insurance industry experience strongly preferred
  • Familiarity with state laws and regulations relating to the licensing, contracting, and appointment of insurance agents
  • Intermediate proficiency with Microsoft Office product suite required
  • Strong written and verbal communication skills required
  • Ability to perform work accurately and thoroughly
  • Ability to pay close attention to detail
  • Ability to prioritize and organize a heavy workload

Education Required: High School Diploma required. Associate’s Degree in Business preferred.

  • Visa sponsorship is not available for this position
  • Relocation assistance is not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Associate Claims Examiner

Department: Benefits – Individual Claims
Status: Regular, Full Time
Reference #: 0767
No. of Open Positions: 1

Description of duties & responsibilities: This position is responsible for developing proficiency in the handling of the claim process for assigned claims.

  • Confirm that submitted claims have been properly submitted and meet eligibility requirements.
  • Handle incoming phone calls and respond accordingly, assisting callers in understanding claims requirements and decisions.
  • Identify security risks and exposures, determine cause of violations and recommend procedures for resolution.
  • Process claims through system for payment or denial.
  • Create new claims files and enter claims data and payments into systems as necessary.
  • Assist with claims account reconciliation as needed.

Required skills & experience:

  • 2-3 years of experience in claims or accounting.
  • 1-2 years of experience in a life insurance environment preferred.
  • Customer service experience.
  • Familiarity with medical terminology and Company products strongly preferred.
  • Basic proficiency with Microsoft Word.
  • Intermediate proficiency with Microsoft Excel.
  • Excellent written and verbal communication skills.
  • Ability to pay close attention to detail.
  • Ability to prioritize and organize a heavy workload.
  • Ability to perform work accurately and thoroughly.

Education Required: Associate’s Degree in Business or related field of study Required.

  • Visa sponsorship is not available for this position
  • Relocation assistance is not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Associate Security Analyst

Department: Systems & Technology
Status: Regular, Full Time
Reference #: 0760
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to research, plan and implement approved security measures to protect computer networks and systems. Assess and analyze security needs and participate in the organization and implementation of Company security training.

  • Analyze, test, recommend and implement improvements to information security protocols, procedures and systems.
  • Monitor, investigate and analyze security events from various systems and create reports of analysis for management.
  • Identify security risks and exposures, determine cause of violations and recommend procedures for resolution.
  • Perform vulnerability testing, penetration testing, risk analysis and security assessments.
  • Assist with planning and participate in the organization and implementation of Company security and security awareness training.
  • Interface with security vendors to resolve any outstanding issues and investigate anomalies.
  • Maintain a current level of cybersecurity knowledge, skill and training including but not limited to technology, security environments, risks and controls.

Required skills & experience:

  • 1-2 years of information technology experience required.
  • Experience with cyber security, penetration testing and networking required.
  • Certified Ethical Hacker (CEH), Certified Information Systems Security Professional (CISSP), Certified Penetration Tester (CPT) or Certified Web App Penetration Tester (CWAPT) preferred.
  • Intermediate proficiency with Microsoft Windows and Microsoft Windows Suite required.
  • Experience with Mac, Windows and Linux operating systems required.
  • Experience with TCP/IP, firewalls, intrusion prevention and SEIM systems required.
  • Strong written and verbal communication skills.
  • Ability to handle multiple priorities simultaneously.
  • Ability to pay close attention to detail.
  • Ability to prioritize and organize a heavy workload.
  • Ability to adapt to change and work under pressure.

Education Required: Bachelor’s degree in Information Technology, Information Assurance or Computer Science required.

  • Visa sponsorship is not available for this position
  • Relocation assistance is not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Department Head, Reinsurance

Department: Reinsurance
Status: Regular, Full Time
Reference #: 0743
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to plan, develop, organize, implement, document, direct and evaluate the Reinsurance function.

  • Oversee the preparation of financial reporting and annual DAC tax reporting.
  • Generate, develop and maintain relationships with reinsurers and outside vendors. Perform due diligence and ongoing reinsurer reviews.
  • Actively participate with the Company’s Product Implementation Committee on the implementation of new products and the securing of reinsurance coverage.
  • Implement process improvements and manage procedural documentation.
  • Plan, coordinate and oversee internal and external audits and Model Audit Rule documentation.
  • Obtain reinsurance quotes, negotiate rates and allowances, and oversee the accuracy of reinsurance agreements and amendments.
  • Participate in maintaining and updating Life and Waiver Claims and make enhancements to improve efficiency and generate statistical reports for management.
  • Implement treaty terms in reinsurance system.

Required skills & experience:

  • Minimum of 10 years experience in Reinsurance required.
  • Management experience in a life insurance or reinsurance environment required.
  • Experience in the Quarsar R2 reinsurance system preferred.
  • Advanced proficiency in Java or coding and updating R2 reinsurance administration system strongly preferred.
  • FLMI designation preferred.
  • CLU designation preferred.
  • Basic knowledge of Microsoft Word.
  • Intermediate knowledge of Microsoft Excel.
  • Excellent written and verbal communication skills.
  • Ability to perform work accurately and thoroughly.
  • Ability to take care of both internal and external customer needs.
  • Ability to pay close attention to detail.
  • Ability to prioritize and organize a heavy workload.

Education Required: Bachelor’s in Accounting or other closely related field of study with coursework in accounting and MIS required.

  • Visa sponsorship is not available for this position
  • Relocation assistance may be available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Financial Operations Intern

Department: Financial Operations
Status: Temporary, Part Time (10-20 hours per week)
Reference #: 0759
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to support the Company financial operations functions while developing proficiency in accounting, analytics, and financial operations.

  • Assist with balance sheet reconciliation, audits, month-end financial reports and accounts payable.
  • Assist with the development of internal control policies and procedures.
  • Manage the monthly tracking of fixed asset inventory.
  • Observe and participate in business operations and decision-making.
  • Apply accounting concepts and theories to real-world decision-making.
  • Develop and improve business skills in communication, technology, quantitative reasoning, and teamwork.

Required skills & experience:

  • Basic understanding of general accounting principles.
  • Intermediate proficiency with Microsoft Office.
  • Excellent written and verbal communication skills.
  • Excellent data entry skills.
  • Ability to perform work accurately and thoroughly.
  • Must be detail oriented and organized.
  • Must be able to prioritize effectively.
  • Must be dependable and able to adhere to a work schedule.

Education Required: Must be pursuing a Bachelor’s Degree or Master’s Degree in Accounting. Completion of 4 semesters of college coursework in Accounting required.

  • Visa sponsorship is not available for this position
  • Relocation assistance is not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Reinsurance Specialist

Department: : Reinsurance
Status: Regular, Full Time
Reference #: 0761
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to assist in drafting reinsurance agreements, documenting practices and procedures, setting up and administering reinsured policies and providing administrative support and customer service to the Reinsurance Department and reinsurance partners.

  • Assist in drafting reinsurance agreements and amendments and their implementation into the reinsurance system
  • Assist management with reinsurance negotiations
  • Set up reinsurance for new business cases and contract changes
  • Research and respond to inquiries from reinsurers
  • Review reinsurance billing reports for accuracy and completeness
  • Provide reinsurance recoverable information to the Claims Department as needed
  • Assist with specialized audits and financial reporting
  • Perform testing and validation of reinsurance system and internal controls

Required skills & experience:

  • Minimum of 3 years of Life Insurance experience preferred
  • Minimum of 1 year of Reinsurance knowledge preferred
  • Accounting experience
  • Intermediate knowledge of Microsoft Word and Excel
  • Excellent oral and written communication skills
  • Excellent organization skills and ability to pay close attention to detail
  • Ability to prioritize and organize a heavy workload

Education Required: High School Diploma required. Associate’s Degree in Business or related field of study preferred.

  • Visa sponsorship is not available for this position
  • Relocation assistance is not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Senior Financial Accountant

Department: Financial Operations
Status: Regular, Full Time
Reference #: 0606
No. of Open Positions: 1
Shift: 1st Shift Monday – Friday

Required skills & experience:

  • 5 or more years of accounting experience required.  
  • Demonstrated understanding of GAAP accounting required.
  • Demonstrated understanding of Life Insurance Statutory accounting preferred.
  • Intermediate proficiency with Microsoft Office Suite products required.
  • Ability to work independently with minimal supervision required.
  • Strong project management skills required.
  • Excellent analytical and problem-solving skills required.
  • Strong reconciliation skills required.

Description of duties & responsibilities: The primary purpose of this position is to prepare various exhibits and schedules for Security Mutual’s quarterly and annual financial statement filings, and to prepare Subsidiary financial statements. Specific duties include:

  • Prepare and maintain general and subsidiary ledgers.
  • Maintain timely and accurate analysis of general ledger and subsidiary ledgers.
  • Support the preparation of accurate and timely financial statements.
  • Analyze and interpret accounting records.
  • Support audit preparation.
  • Prepare reports and statements.

Education Required:  Bachelor’s degree in Accounting, Finance, or a closely related field required. CPA or Public Accounting Experience is preferred.

  • Visa sponsorship is not available for this position
  • Relocation assistance may be available for this position
  • Security Mutual is an Equal Opportunity Employer

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Regional

New York City, NY Office

  • No positions available at this time.

Security Administrators, Inc.

Current Opportunities

Binghamton, NY Office

Job Title: Defined Benefit Pension Analyst

Department: Security Administrators, Inc. – Binghamton or Syracuse, NY
Status: Regular, Full Time
Reference #: 0766
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to provide third party defined benefit qualified plan administrative services for employers who contract with SAI. Services provided include normal annual administrative services, as well as periodic review for compliance with regulations.

  • Complete annual valuations for plans assigned, and communicate with plan sponsor and advisors.
  • Determine eligibility, reconcile trust assets, input data into administration software to calculate benefits and funding requirements.
  • Complete Form 5500 filings, prepare Annual Funding Notices (or SAR’s) and complete electronic filing through EFAST.
  • Calculate PBGC premiums, prepare annual filing forms for review and file forms electronically with PBGC.
  • Calculate accrued benefits with optional forms and prepare distribution forms for terminated and retired participants.
  • Prepare required election and disclosure forms, calculate Required Minimum Distributions and prepare and submit 1099R forms.
  • Prepare plan document restatements and plan amendments. Review plan to confirm that it meets client objectives.
  • Process plan terminations, including preparation of termination amendments, resolutions and notices. Prepare final calculation of benefits owed to each participant and complete IRS filings when requested.
  • Prepare and submit time sheets daily.
  • Maintain work control spreadsheet for assigned block of plans.

Required skills & experience:

  • Minimum 5 years’ experience in plan administration for small to medium sized plans required.
  • ASPPA Qualified Pension Administrator designation preferred.
  • Experience with Relius Administration software and plan documents preferred.
  • Basic proficiency with Microsoft Word and Excel required.
  • Strong written and verbal communication skills.
  • Ability to handle multiple priorities simultaneously.
  • Ability to pay close attention to detail.
  • Ability to prioritize and organize a heavy workload.
  • Ability to adapt to change and work under pressure.

Education Required: Bachelor’s degree in related field of study or equivalent experience.

  • Visa sponsorship is not available for this position
  • Relocation assistanceis not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Defined Contribution Pension Analyst

Department: Security Administrators, Inc. – Binghamton or Syracuse, NY
Status: Regular, Full Time
Reference #: 0765
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to provide third party defined contribution qualified plan administrative services for employers who contract with SAI. Services provided include normal annual administrative services, as well as periodic review for compliance with regulations.

  • Complete annual valuations for plans assigned, and communicate with plan sponsor and advisors.
  • Determine eligibility, reconcile trust assets, input data into administration software to calculate allocations and prepare reports.
  • Prepare and review non-discrimination testing using administration software. Communicate allowable/appropriate correction options to clients.
  • Complete Form 5500 filings, prepare Summary Annual Reports and complete electronic filing through EFAST.
  • Prepare required election and disclosure forms for terminated and retired participants.
  • Calculate Required Minimum Distributions, prepare and submit 1099R forms, calculate maximum loan amounts and prepare participant loan forms.
  • Prepare plan document restatements and plan amendments. Review plan to confirm that it meets client objectives.
  • Process plan terminations, including preparation of termination amendments, resolutions and notices. Prepare final calculation of benefits owed to each participant and complete IRS filings when requested.
  • Prepare and submit time sheets daily.
  • Maintain work control spreadsheet for assigned block of plans.

Required skills & experience:

  • Minimum 3 years’ experience in plan administration for small to medium sized plans required.
  • ASPPA Qualified 401(k) Administrator or Qualified Pension Administrator designation preferred.
  • Experience with Relius Administration software and plan documents preferred.
  • Basic proficiency with Microsoft Word and Excel required.
  • Strong written and verbal communication skills.
  • Ability to handle multiple priorities simultaneously.
  • Ability to pay close attention to detail.
  • Ability to prioritize and organize a heavy workload.
  • Ability to adapt to change and work under pressure.

Education Required: Bachelor’s degree in related field of study or equivalent experience.

  • Visa sponsorship is not available for this position
  • Relocation assistanceis not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Job Title: Enrolled Actuary

Department: Security Administrators, Inc. – Binghamton or Syracuse, NY
Status: Regular, Full Time
Reference #: 0763
No. of Open Positions: 1

Description of duties & responsibilities: The purpose of this position is to review and perform qualified plan pension valuations for cash balance and traditional defined benefit plans, IRS min/max funding and ASC 715 financial accounting (FAS), benefit calculations, PBGC premium calculation certifications, plan termination calculations and special consulting projects.

  • Review plan sponsor annual asset and census data to input into valuation software.
  • Prepare annual funding reports and required AFTAP certifications. Complete Schedule SB with funding information.
  • Prepare/review annual PBGC premium filings for certification.
  • Prepare/review defined benefit terminated participant benefit calculations.
  • Prepare/review new plan studies for potential clients – traditional defined benefit plans and cash balance plans.
  • Review general non-discrimination testing when a DC plan is to be associated with the new plan.
  • Prepare/review IRS min/max and ASC 715 financial reporting for qualified plans.
  • Participate in discussions with auditors regarding the determination of appropriate discount rates.

Required skills & experience:

  • Enrolled Actuary designation required.
  • Minimum 5 years’ experience as an enrolled actuary for small to medium sized plans required.
  • Experience with Relius Administration software and plan documents preferred.
  • Intermediate proficiency with Microsoft Word and Excel required.
  • Strong written and verbal communication skills.
  • Ability to handle multiple priorities simultaneously.
  • Ability to pay close attention to detail.
  • Ability to prioritize and organize a heavy workload
  • Ability to adapt to change and work under pressure.

Education Required: Bachelor’s degree in related field of study or equivalent experience.

  • Visa sponsorship is not available for this position
  • Relocation assistance is not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Syracuse, NY Office

Job Title: Administrative Assistant

Department: Security Administrators, Inc. – Syracuse, NY
Status: Regular, Part Time
Reference #: 0764
No. of Open Positions: 1

Description of duties & responsibilities: This position is responsible for providing general administrative support to SAI pension analysts and management. This position will also process deferral and loan payments, and serve as the office receptionist.

  • Process client payroll deferrals, deposits and loan payments into various investment company payment systems. Add new participants to payment system and distribute payment confirmations to appropriate analyst.
  • Sort and deliver incoming and outgoing mail.
  • Input 1099R data into government forms software.
  • Order office supplies, maintain supply inventories, and place equipment repair and office maintenance calls. Maintain warehouse storage inventory, including arranging pickup, delivery and destruction of historical files.
  • Staff front desk, greet visitors, answer and transfer incoming calls.
  • Administer check receipts and endorsements.
  • Assemble reports and assist in the preparation of information requests. Compile plan document packages.
  • Maintain various spreadsheets and file documents as needed.
  • Record newly sold plans for Management. Set up new plan files, folders, and labels.

Required skills & experience:

  • 1 year of general office administrative experience required.
  • Accounting experience preferred.
  • Basic proficiency with Microsoft Word and Excel required.
  • Strong written and verbal communication skills.
  • Ability to pay attention to detail.
  • Ability to handle multiple priorities simultaneously.
  • Ability to perform work accurately and thoroughly.
  • Must be dependable.

Education Required: Associates degree in Business Administration or closely related field or equivalent experience.

  • Visa sponsorship is not available for this position
  • Relocation assistance is not available for this position
  • Security Mutual is an Equal Opportunity Employer

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Mission Statement

Security Mutual’s corporate mission is to provide sound and equitable protection for financial needs resulting from death, disability or retirement. This mission is carried out through manufacturing and distributing life insurance, disability insurance and annuity products for individuals and groups and treating with dignity and respect all who put their trust in us.

As a mutual life insurance company, Security Mutual is managed for the benefit of its policyholders.

To that end, Security Mutual seeks to recruit, develop and train a highly motivated team of results-oriented employees.