Annuity Suitability Review Analyst

Description

:

At Regions, the Annuity Suitability Review Analyst reviews submitted contracts for placement to insurance carriers and accepts or denies requests.

Primary Responsibilities

• Reviews insurance and annuity contracts sold by licensed bankers, related to age, time horizon, income need, liquidity, and investment experience to determine suitability

• Approves or denies investments on behalf the insurance carrier

• Serves as the internal client contact to address documentation issues or suitability concerns

• Responsibility for ensuring customers correctly understand insurance and annuity contracts

• Mitigates customer risk by anticipating customer concerns and questions, and determining if the product is suitable for the customer

• Monitors business unit activity to ensure compliance with laws, regulations, and internal procedures

• May receive instruction from senior analysts

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

• High School Diploma or GED

Preferences

• Life Insurance License

Skills and Competencies

• Ability to clearly communicate with various levels of management regarding any issues that arise

• Ability to think critically and exercise sound judgement

• Compliance understanding of insurance rules as well as product knowledge

• Understanding of suitability as it relates to annuity sales to customers

• Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

$47,750.45 USD$60,470.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time

• 401K with Company Match

• Medical, Dental and Vision Benefits

• Disability Benefits

• Health Savings Account

• Flexible Spending Account

• Life Insurance

• Parental Leave

• Employee Assistance Program

• Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.

Location Details

Riverchase Complex North Building

Location:

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.