Transactional Adjustments Specialist

Position Summary:

The Specialist 4 will serve as a subject matter expert for complex preneed claim and transactional adjustment processes. This role is responsible for accurately reviewing, reworking, and resolving specialized claim transactions while ensuring compliance with company policies, regulatory requirements, and quality standards. The Specialist 4 will work independently to identify and resolve discrepancies, provide guidance to peers, and support operational efficiency across multiple claim-related functions.

Key Responsibilities:

• Preneed Claim Rework: Review and process adjustments to preneed claims ensuring accuracy and timeliness.
• Check Reissues: Validate, process, and track reissued claim payments to beneficiaries and policyholders.
• Early Payoff Reversals: Analyze and execute reversals of early payoff transactions, ensuring proper financial reconciliation.
• Initial Premium Returns: Process returned initial premium payments, coordinatin4g with relevant departments for proper documentation and refund issuance.
• Suspense Report Management: Monitor and resolve suspense account items in accordance with established timelines and controls.
• Claim System Error Resolution: Investigate, correct, and document system-related errors impacting claim payments or records.
• Money Movement Processing: Facilitate and reconcile funds movement related to claims, including transfers, adjustments, and refunds.
• Partner with internal teams to resolve discrepancies, improve processes, and mitigate future errors.
• Maintain accurate records, documentation, and audit trails for all transactions handled.
• Provide training and support to junior specialists and act as a resource for complex cases.

Qualifications:

• Claims or financial transaction processing experience (life insurance, annuities, or related field preferred).
• Demonstrated expertise in claim adjustment workflows and financial reconciliation processes.
• Strong analytical skills with keen attention to detail and accuracy.
• Proficient in claims administration systems and Microsoft Office Suite (Excel, Word, Outlook).
• Ability to manage multiple priorities, meet deadlines, and work independently.
• Excellent written and verbal communication skills.

Competencies:

• Problem-Solving & Decision Making
• Quality & Accuracy Focus
• Process Improvement Mindset
• Collaboration & Teamwork
• Regulatory Compliance Awareness

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Various jurisdictions have passed pay transparency laws that require companies provide salary ranges for any positions for which they are accepting applications. Global Atlantic has offices in Atlanta, Batesville, Bermuda, Boston, Des Moines, Hartford, Indianapolis, and New York City. The base salary range posted below is inclusive of the lowest cost of living geography to the highest in which we have a Global Atlantic office.

Global Atlantic’s base salary range is determined through an analysis of similar positions in the external labor market. Base pay is just one component of Global Atlantic’s total compensation package for employees and at times we hire outside the boundaries of the salary range. Other rewards may include annual cash bonuses, long-term incentives (equity), generous benefits (including immediate vesting on employee contributions to a 401(k), as well as a company match on your contributions), and sales incentives.  Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Compensation for our more senior positions have a larger component of short-term cash bonus and long-term incentives.

The base salary range for this position is $46,000 to $50,000