Asset & Wealth Management - Deerfield- Associate, External Product Specialist- 9385323
About The Position
Goldman Sachs Wealth Services, L.P. is seeking an Associate, External Product Specialist in Deerfield, Illinois. This role involves assisting clients in managing and operating their individual life insurance and annuity plans. The specialist will use homegrown tools, Firelight, Salesforce, and the Ayco Application Request System to analyze data, generate insights, create client applications, and develop reports. Key responsibilities include approving annuity and life insurance transactions, checking paperwork (including federal withholdings, state tax status, and product availability), reviewing Walletshare reports with Insurance Strategists and advisors to identify business opportunities, and providing expertise on annuity and life application processes, product features, and Firelight. The role also requires coordinating with Underwriting and Implementation Teams for planning, including drafting and executing trusts for trust-owned policies, and partnering with the Product Analysis Team to enhance product and strategy portfolios based on market changes. Additionally, the specialist will identify control gaps, participate in change management for system enhancements, and mentor junior teammates.
Requirements
- Bachelor’s degree (U.S. or foreign equivalent) in Finance, Business, Project Management, Business Administration, or related field.
- Two (2) years of experience in the job offered or in a related role.
- Two (2) years of experience working with Excel to analyze voluminous data to create reports and perform analysis using Excel formulas, charts, filtering, and data validation.
- Two (2) years of experience with multiple asset classes, including fixed income, private and public equity, hedge funds, and currencies to conduct financial funding analysis for transfers of client assets.
- Two (2) years of experience presenting complex analysis in easy-to-understand terms to senior management and internal and external clients.
- Two (2) years of experience communicating complex reporting situations through laymen’s terms to external and internal clients.
Responsibilities
- Assist clients in managing and operating their individual life insurance and annuity plans.
- Utilize homegrown tools, Firelight, Salesforce, and Ayco Application Request System to analyze data and generate actionable insights.
- Create client applications and develop reports.
- Approve annuity and life insurance transactions and check paperwork, including federal withholdings, states withholdings tax status, and product availability.
- Work with assigned Insurance Strategist, advisors, and their teams to review Walletshare reports for business opportunities.
- Provide expertise and answer client questions related to annuity and life application processes, product features, and Firelight.
- Coordinate with Underwriting and Implementation Teams to implement planning, including drafting, review, and execution of trusts for trust-owned policies.
- Partner with Product Analysis Team to enhance product and strategy portfolios based on changes in the product landscape, market conditions, or applicable tax law.
- Identify control gaps and inefficiencies and participate in change management process for system enhancements.
- Mentor and train junior teammates by leveraging subject matter expertise and providing constructive feedback.
Benefits
- May be eligible for a bonus at fiscal year-end.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
