Suitability Principal - Life Insurance

Nationwide•Grandview Heights, OH

5d•Hybrid

About The Position

Success on our team is directly related to embracing change, providing exceptional customer service and having a passion for getting things done right. We work together to build our business and grow profitably, with unwavering attention to detail. If you are naturally curious, want to grow and learn and develop your expertise in financial services, we want to know more about you! As a Suitability Principal, you’ll be responsible for conducting an end to end review of all Fixed, Immediate and Indexed annuity business for numerous firms within different distribution channels. You'll determine the suitability of the products being sold to clients and conduct a detailed business review to ensure documentation is in good order and processes have been closely followed.

Requirements

FINRA Series 6 and Series 26 licenses are required for this role. It is required that candidates have their FINRA Series 6 at the time of application. The series 26 license must be obtained with 120 days of your start date.
Financial services industry experience required
Motivated, attention to detail, and strong prioritization skills
Undergraduate degree in Business or Finance preferred.
Series 6, 26 required. Associates must obtain the required Federal and/or state licenses/registrations within the time period designated by the business unit. Additional licenses/registrations may be required when new products and services are implemented. If an associate fails or is unable to obtain required licenses/registrations within the time period designated by the business unit, the associates will be ineligible to continue in the position
3 -5 years Field experience, Insurance back office, Service or Sales Management.
Solid understanding of insurance and/or individual annuity products and services.
Ability to read, analyze, and interpret documents.
Outstanding verbal and written communication skills with the ability to have difficult conversations and manage through disagreements.
Ability to solve sophisticated problems and handle concerns.

Nice To Haves

Knowledgeable in Fixed Life Insurance products - knowledge of Nationwide Fixed Life insurance products would be a plus.
Growth‑minded seeking development and future career paths
Familiarity with state and federal insurance laws and regulations preferred.

Responsibilities

Reviews new Fixed, Immediate, and Indexed annuity business applications received.
Uses NAIC and State Regulations to determine if business is complete and suitable.
Interacts with Compliance concerning questionable sales.
Works with the appropriate parties to acquire additional documentation on new business to complete application.
Manages phone queue to assist internal partners with suitability questions and status information.
Conducts process review and aligns with compliance practices.
Ensures Product Training and CE training/Agent Requirements are met.
Underwrites and reviews transfer forms.
Inputs data into administrative systems, imaging systems, and databases.
Provides Agents a detailed and careful explanation for declined applications, handles concerns with thoughtful communication.
Maintains consistent alignment with departmental practices and regulatory guidelines.
May perform other responsibilities as assigned.

Benefits

medical/dental/vision
life insurance
short and long term disability coverage
paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
nine paid holidays
8 hours of Lifetime paid time off
8 hours of Unity Day paid time off
401(k) with company match
company-paid pension plan
business casual attire