BOLI Design & Sales Support, Service Specialist (hybrid/remote)

Nfp • Franklin, TN

135d • $52,000 - $75,000

About The Position

This position's primary responsibility is to provide NFP Banking Practice Sales Support by modeling benefit and bank-owned life insurance (BOLI) proposals; evaluating proposed plans to provide accounting and related implementation guidance to clients; and providing review and analysis of proposed benefit plan designs. This role involves collaborating with other team members, consultants, and client relationship managers to ensure plan accuracy, quality, and compliance with relevant regulations. This position reports directly to the Senior Vice President of the Banking Practice. Through these relationships, you will have the advantage of mentorship for your growth and development. This is an Associate-Level role and is not a sales role. You will provide sales support via operational and analytical functions. This is a full-time position with the flexibility of working a hybrid schedule from one of these NFP offices: Warrington, PA (Philadelphia); Atlanta, GA; Plymouth, MN (Minneapolis); or Franklin, TN (Nashville). We will consider a remote option for well-qualified candidates with BOLI experience.

Requirements

• Bachelor's or master's degree in business (Accounting or Finance preferred). Equivalent work experience in banking, insurance, or non-qualified benefit plans may substitute for degree.
• Three to five years of experience in a similar occupation is preferred; experience with BOLI or non-qualified benefit plans is preferred.
• Commensurate experience in banking or with financial institutions will be considered.
• Advanced proficiency in Microsoft 365 Applications including experience with complex financial modeling in Microsoft Excel or Power BI.
• Proficient in Microsoft Word, SharePoint, Outlook, Teams, and Salesforce CRM.
• Life insurance license required at hire or within a designated time after hire.

Nice To Haves

• Strong organizational skills, with the ability to prioritize tasks under tight deadlines.
• Demonstrated analytical and problem-solving abilities.
• Excellent written and verbal communication skills.
• Excellent project and time management skills.

Responsibilities

• Understands BOLI product design and appropriate uses.
• Knowledge of Non-Qualified Executive Benefit plans and BOLI funding strategies.
• Exercises knowledge of and effectively communicates tax, accounting, plan design, and regulatory technical information and provides support to Consultants and Client Relationship Managers regarding plan design analysis and product design.
• Communicates and models excellent customer service with both internal and external clients by seeking information to understand circumstances, problems, and expectations.
• Considers how actions or plans will affect clients and others; responds quickly to resolve problems or issues.
• Seeks out and is receptive to appropriate feedback from manager, team members, and peers.
• Maintains a professional approach to communication that attracts and retains all clients.
• Ensures high accuracy and attention to detail in the finalization of proposals.
• Collaborates with team members to cross-check data and plan design integrity.
• Prepares final proposals based on results received from Client Relationship Manager and subsequent system-generated documentation materials.
• Communicates with the Client Relationship Managers and Quality Assurance Manager when needed to ensure accurate system data and that the final proposals accurately reflect final plan design parameters.
• Works collaboratively with team members to meet goals and deadlines.
• Encourages knowledge sharing and contributes positively to team dynamics.
• Appreciates the individual differences that each team member possesses and encourages associates to capitalize on unique talents that the team can provide.
• Leads by example and consistently models inclusive behaviors such as mutual respect, empathy, and open dialogue.
• Shares important and relevant information with the team in order to raise the performance of the entire team without specific regard to personal reward.
• Works consistently with associates in the achievement of team performance targets and goals.
• Acknowledges the success of associates and recognizes accomplishments.

Benefits

• Competitive salary
• PTO & paid holidays
• 401(k) with match
• Exclusive discount programs
• Health & wellness programs

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Food Services and Drinking Places
• Education Level: Bachelor's degree