ALO Suitability Principal- Life

Are you passionate about being part of a team that delivers extraordinary care to help individuals and businesses prepare for and protect their retirement? If so, then Nationwide Financial could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

This is a hybrid role Monday- Friday 9:00-5:30 with two days (Tues-Thurs) in our Grandview Heights office.

The primary focus for this position is to review Fixed Life Suitability.

- Candidates are required to have their FINRA Series 6 license and would need to obtain their FINRA Series 26 licensed within 120 days from date of hire.

- Knowledgeable in Fixed Life Insurance products and financial services industry required.

- Knowledge of Nationwide Fixed Life insurance products would be a plus.

Job Description Summary

Success on our team is directly related to embracing change, providing exceptional customer service and having a passion for getting things done right. We work together to build our business and grow profitably, with unwavering attention to detail. If you are naturally curious, want to grow and learn and develop your expertise in financial services, we want to know more about you!

As a Suitability Principal, you’ll be responsible for conducting an end to end review of all Fixed, Immediate and Indexed annuity business for numerous firms within different distribution channels. You'll determine the suitability of the products being sold to clients and conduct a detailed business review to ensure documentation is in good order and processes have been closely followed.

Job Description

Key Responsibilities:

• Reviews new Fixed, Immediate, and Indexed annuity business applications received. Uses NAIC and State Regulations to determine if business is complete and suitable. Interacts with Compliance concerning questionable sales.

• Works with the appropriate parties to acquire additional documentation on new business to complete application. 

• Manages phone queue to assist internal partners with suitability questions and status information.

• Conducts process review and aligns with compliance practices.

• Ensures Product Training and CE training/Agent Requirements are met.

• Underwrites and reviews transfer forms.

• Inputs data into administrative systems, imaging systems, and databases.

• Provides Agents a detailed and careful explanation for declined applications, handles concerns with thoughtful communication.

• Maintains consistent alignment with departmental practices and regulatory guidelines.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Supervisor or Manager.

Typical Skills and Experiences:

Education: Undergraduate degree in Business or Finance preferred.

License/Certification/Designation: Series 6, 26 required. Associates must obtain the required Federal and/or state licenses/registrations within the time period designated by the business unit. Additional licenses/registrations may be required when new products and services are implemented. If an associate fails or is unable to obtain required licenses/registrations within the time period designated by the business unit, the associates will be ineligible to continue in the position

Experience: 3 -5 years Field experience, Insurance back office, Service or Sales Management.

Knowledge, Abilities and Skills: Solid understanding of insurance and/or individual annuity products and services. Familiarity with state and federal insurance laws and regulations preferred. Ability to read, analyze, and interpret documents. Outstanding verbal and written communication skills with the ability to have difficult conversations and manage through disagreements. Ability to solve sophisticated problems and handle concerns.

Other criteria, including leadership skills, competencies and experiences may take precedence. 

Staffing Exceptions to the above minimum job requirements must be approved by the: hiring manager’s leader and HRBP.

Values: Regularly and consistently demonstrates Nationwide Values.

Job Conditions:
 

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment