Design Analyst - Wealth Transfer

Position Description:   Provide product and illustration support in the initial design and re-evaluation of Wealth Transfer cases.

 

Responsibilities:

·         Perform due diligence on carrier and product selection.

·         Analyze premium funding alternatives. ie, Private Split Dollar, Premium Financing & Gifting

·         Generate illustrations for proposed plan including mortality adjusted studies.

·         Perform insurance policy efficiency studies by comparing illustrations for competitiveness and the ability to meet long term objectives.

·         Develop text and graphics for formal presentation of proposed plan.

·         Maintain library for product disks and boilerplate presentations.

·         Keep abreast of accounting and legal issues and their impact on existing business and future business.

·         Develop new marketing materials to improve efficiency and/or to assist producers in their marketing efforts.

·         Identify new sales opportunities through interpretation of inforce illustrations and annual case review process.

·         Generate illustrations for existing plans and review to determine funding adequacy.

·         Generate spreadsheet analysis for policy reviews and comparisons.

·         Create a positive atmosphere by demonstrating enthusiasm, a spirit of teamwork and by maintaining high standards and confidentiality.

 

 

Skills:

·         Proficient in Microsoft Excel, Word and PowerPoint.

·         Effective verbal and written communication.

·         Excellent interpersonal skills.

·         Ability to set and meet deadlines.

·         Ability to work autonomously and perform well under pressure.

·         Ability to organize, prioritize and manage multiple tasks.

·         Strong financial analysis skills and ability to conceptualize.

·         Intermediate to advanced knowledge of marketing concepts, insurance and financial products.

·         Ability to develop advanced working knowledge of life insurance illustration systems.

·         Ability to understand complex tax and legal concepts and issues and their impact on sales.

·         Ability to master presentation and desktop publishing software packages.

·         Detail oriented, resourceful.

·         Strong decision making skills.

·         Ability to participate both as a team member and as a team leader.

 

Education and Experience:

·         Bachelors Degree in Business Administration, Finance, Mathematics or Actuarial Science.

·         Three to five years experience in life insurance industry or related marketplace.

·         Life Insurance License and NASD Series 6, 63 or Series 7, 63.