Share Email Opening
Title

Suitability Analyst 

Category Clerical  
Description

Job Summary

This position will report to the Annuity Suitability Manager and will be responsible for completion of suitability review of new business [domestic] annuity applications. Suitability reviews are required to ensure NWL is compliant with various state regulations protecting consumers from inappropriate investments.

Essential Functions

  • Conduct suitability reviews on annuity product applications (purchases, exchanges and/or replacement products) by analyzing new business forms submitted by agents;
  • Compare exchange and replacement products during review to ensure suitability of application;
  • Reviews suitability questionnaire and supporting document on each case;
  • Follows established guidelines for approving simple cases;
  • Establish rapport and maintain ongoing positive relationships with agents; works with agents to obtain missing or additional information, follow up on requests and communicate cases deemed unsuitable;
  • Advises agents on changes that could make a case suitable
  • Understand the suitability regulations and be able to apply them to case specific scenarios
  • Comprehend current review process and make suggestions as needed to improve functionality and efficiency
  • Enter data into suitability matrix and database
 
Position Requirements

Knowledge, Skills & Abilities

  • Possess a thorough knowledge of annuity products (fixed, indexed, variable) and regulations both on the Federal and state level
  • Familiar with basic concepts of life insurance
  • Working knowledge of regulatory requirements relating to suitability and the assessment of suitability in accordance with the current regulatory environment as it relates in the financial services industry

Education & Experience

  • High School Diploma or GED equivalent required, Associates Degree preferred
  • 1-3 years of experience in financial services or securities industry

Licenses & Certifications

  • None required
  • Completion of LOMA insurance courses I and II required within first year of employment.

Supervision & Leadership

  • No Supervision responsibilities

Work Environment

  • This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
  • Regular and predictable attendance is required. Overtime may be required at peak times.
  • The employee is regularly required to use hands to handle or feel. The employee is regularly required to talk or hear.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of their job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Statement of Other Duties Proviso:

  • The information contained in this job description is not intended to be an all-inclusive list of duties and responsibilities, skills and abilities, or other listed requirements.
  • Management may, at its discretion, assign, reassign, or add additional duties and responsibilities to this job at any time.
  • The duties and responsibilities in this job description may be subject to change at any time due to reasonable accommodation or other reasons.

 
Full-Time/Part-Time Full-Time  
Position Suitability Analyst  
Exempt/Non-Exempt Non-Exempt  
About the Organization
National Western Life provides high quality insurance products on a global basis to meet the financial security needs of well-defined market segments. We provide professional and friendly service to our policyholders and agents and are responsive to the needs of our employees, shareholders and the community.
 
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.  

This position is currently not accepting applications.

To search for an open position, please go to http://NationalWesternLife.appone.com



WE ALSO RECOMMEND

Other Jobs Within Same Category
Bilingual Administrative Support in Austin, Texas
Posted on: 3/27/2024
[Apply Now]

Administration Technical Analyst I in Austin, Texas
Posted on: 12/14/2023
[Apply Now]

Supervisor, Premium Collection in Austin, Texas
Posted on: 12/14/2023
[Apply Now]

Case Manager in Austin, Texas
Posted on: 12/14/2023
[Apply Now]

Imaging Specialist in Austin, Texas
Posted on: 12/13/2023
[Apply Now]


Other Jobs Within 60 Miles
Systems Analyst, OIPA Configuration in Austin, Texas
Posted on: 12/12/2023
[Apply Now]

Team Lead - Software Developer in Austin, Texas
Posted on: 12/12/2023
[Apply Now]

Solutions Architect, OIPA in Austin, Texas
Posted on: 12/15/2023
[Apply Now]

AVP, IT Portfolio Management in Austin, Texas
Posted on: 2/26/2024
[Apply Now]

Database Administrator in Austin, Texas
Posted on: 3/21/2024
[Apply Now]



 


 
Click here for technical assistance.