Annuity Disbursement Specialist

American National Insurance•League City, TX

12h

About The Position

American National is seeking a detail-oriented Disbursement Specialist to support its Annuity Operations team. The specialist reviews, validates, and processes annuity distribution requests, ensuring accuracy, regulatory compliance, and timely completion. The role involves detailed financial transactions and communication with customers, agents, and internal business partners by phone and email. The position processes annuity transactions such as full and partial surrenders, systematic withdrawals, outgoing 1035 exchanges, fixed and interest-only distributions, and time-sensitive New York Regulation 60 transactions. It also supports distributions and transfers involving traditional and Roth IRAs, 401(k), 457 and pension-related annuities, required minimum distributions, 72(t) distributions, rollovers, inherited IRAs, and spousal distributions. The specialist reviews documentation for completeness, fraud prevention, and risk mitigation; applies knowledge of annuity taxation, withholding requirements, and IRS regulations; maintains transaction data across administrative systems; and works with colleagues and stakeholders to meet service expectations and processing deadlines. American National describes its workplace as inclusive and people-first, with a focus on flexibility, work-life balance, and professional growth.

Requirements

High school diploma or equivalent.
2–4 years of relevant professional experience.
Strong attention to detail and commitment to accuracy.
Effective written and verbal communication skills.
Ability to manage multiple priorities in a deadline-driven environment.

Nice To Haves

2–3 years of insurance, annuity, banking, or financial services experience.
Experience processing financial transactions, withdrawals, disbursements, transfers, or related account activity.
Working knowledge of basic accounting principles, banking procedures, or financial operations.
Experience handling customer inquiries by phone and email.

Responsibilities

Review and process annuity distribution requests for completeness, accuracy, and compliance with company procedures.
Process full and partial surrenders, systematic withdrawals, outgoing 1035 exchanges, and fixed and interest-only distributions.
Communicate with policy owners, financial professionals, and internal departments by phone and email to resolve questions, obtain missing information, and provide updates on pending transactions.
Review documentation and transaction requests for fraud prevention and risk mitigation.
Apply knowledge of annuity taxation and distribution requirements to support accurate processing and reporting.
Maintain knowledge of federal and state withholding requirements and applicable IRS regulations.
Support processing for traditional and Roth IRAs; 401(k), 457, and pension-related annuity distributions; RMDs; 72(t) distributions; transfers and rollovers; inherited IRAs; and spousal distributions.
Enter, validate, and maintain transaction data in multiple administrative systems.
Partner with team members and internal stakeholders to meet service expectations and processing deadlines.
Review, verify, and process time-sensitive New York Regulation 60 transactions in accordance with company policies, compliance requirements, and regulatory guidelines.