New Business Analyst
About The Position
As a New Business Analyst, you'll work in a fast-paced environment and form partnerships with our sales representatives and brokers throughout the US to provide all levels of quote support for group benefit product sales via a centralized Proposal Center. Prepare complex group new business and cross-purchase proposals including reversions. Apply office level customization by understanding key broker relationships and assess benefits of current carrier to align Principal plan designs using high level of knowledge of our quoting process, screening for risks using underwriting and product guidelines. Follow-up for complete information and input into proposal system. Work with sales offices and brokers to complete the quote as well as enhance the overall Principal relationship. Research, answer questions and provide information and recommendations to internal and external customers. Perform other job-related duties and special projects as required. Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Requirements
- Bachelor's degree or equivalent experience, plus 1+ years of related experience in group benefits services, marketing or sales preferred
- Requires broad understanding of insurance operations, products and concepts
- Requires strong planning, organizational, problem solving, analytical decision making and time management skills with the flexibility to adjust to changing priorities
- Requires effective verbal and written communication skills plus the ability to develop effective relationships
- Must maintain high levels of productivity, quality and exhibit strong attention to detail
- Must be self-directed and be able to accomplish work with limited supervision and general work direction
- Must have strong skills in working with spreadsheets, formulas, graphs and tables
- Occasional overtime may be required
- Some travel may be required including overnight stays (5%)
Responsibilities
- Prepare complex group new business and cross-purchase proposals including reversions.
- Apply office level customization by understanding key broker relationships and assess benefits of current carrier to align Principal plan designs using high level of knowledge of our quoting process, screening for risks using underwriting and product guidelines.
- Follow-up for complete information and input into proposal system.
- Work with sales offices and brokers to complete the quote as well as enhance the overall Principal relationship.
- Research, answer questions and provide information and recommendations to internal and external customers.
- Perform other job-related duties and special projects as required.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
