Job description

Job description

Life Insurance Trust Company (LITCO) is a South Dakota based Trust Company focused exclusively on the administration of Irrevocable Life Insurance Trusts (ILITs) and provides fiduciary services to grantors and beneficiaries of these trusts. Life Insurance Trust Company is a member of the Longevity Holdings LLC family of companies. Longevity Holdings is among the largest and best equipped servicers of Trust Owned Life Insurance in the United States. Our purpose is to empower parties to life insurance policies held in trust to make informed decisions and realize the full value of life insurance assets.

We are looking for a positive and energetic individual with an eagerness to learn and a passion for fiduciary and trust services. We offer a competitive benefits package, pay, and a positive work environment with a collaborative team focused approach.

In this role, you will make an impact in the following ways:

• Review of trust documents for new business acceptance
• Completion of annual account reviews
• Assist with settlement and account cash flow activities
• Answer client questions and resolve issues
• Assist with opening and closing accounts
• Serve on the Trust Committee
• Administer ILITs in accordance with the Trust Company’s Policies and Procedures
• Assists with internal and external audit functions
• Work closely with Life Insurance Trust Company’s affiliate company on administration and remediation needs for policies held in trust
• Other duties as assigned

To be successful in this role, you will need the following:

• Bachelor’s degree in business or related field
• 1-2 years’ experience in trust, banking, life insurance, or financial services
• Strong verbal and written communication skills
• Ability to work in a fast-paced environment, multitask, and think critically

Preferred consideration given for:

• Prior trust administration or life insurance experience, CTFA, JD, or MBA

This position is based in Sioux Falls, SD.

Perks of working with us:

• Summer hours (Friday FLEX program): full time employees will be able to participate in our summer flex hours. Participating employees will enjoy a four-hour work day every other Friday (must still work 40 hours)
• PIP funds: The company is committed to the continuous improvement and career development of employees. The purpose of the plan is to outline the resources available to support each employee’s career goals and company’s business needs.
• Career pathing: we develop a career path that identifies opportunities for advancement based on your unique skills, interests, career objectives, and details the steps needed to take.
• A sense of belonging: We are committed to offering a diverse and inclusive workplace
• Virtual contests and giveaways plus team building activities
• Book Club

Life Insurance Trust Company prohibits discrimination and harassment and will take affirmative action to employ and advance in employment qualified individuals based on their status as protected veterans or individuals with disabilities, race, color, religion, sex, national origin, sexual orientation and gender identity.

Our privacy notice is available at https://longevity.inc/employment-privacy-notice/

Job Type: Full-time

Pay: $52,000.00 - $57,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Referral program
• Vision insurance

Schedule:

• Monday to Friday

Supplemental pay types:

• Bonus pay

Application Question(s):

• Do you live in South Dakota?

Work Location: Remote

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