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Producer Contracting Specialist I
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| Job Number: | 25647425 | | Company Name: | National Life Group | | Job Location: | Montpelier, VT US | | Job Category: | Insurance |
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Producer Contracting Specialist I
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Requisition Number 10-0092
Title Producer Contracting Specialist I
Company National Life Insurance Company
City Montpelier
State VT
Travel Required No
Description
Producer Contracting Specialist I
Summary
This position is accountable for serving as liaison between General Agents, Marketing General Agents, Recruiters, Marketing Departments, New Business and agents to ensure accurate and timely processing of contracts, amendments and appointments in compliance with state and federal licensing rules and regulations. The incumbent must provide customer service oriented contracting services to the distributors and fellow employees of the National Life Group, including Sentinel Investments and Life Insurance Company of the Southwest, while supporting the company's growth and expense management initiatives.
Key Responsibilities
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Evaluates prospective agent qualifications to represent the company through thorough criminal and credit background review, as well as reviewing any state licensing regulatory issues; judgement is used to determine what requirements may be needed to process negative information
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Works with Recruiters, Marketing, GA's, MGA's, Office Managers, and management to obtain appropriate support for release letters; notifies Legal and Marketing of issues or transfers
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Governs the issuance of new business and payments of commissions until agents are legally licensed and contracted
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Evaluates and interprets state insurance regulatory requirements to ensure that all agents are in compliance
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Evaluates agent's prior history with any of the company's entities to determine eligibility for rehire or transfer
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Reviews vendor generated reports to determine if corporation is at risk by any regulatory actions against current agents
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Continually makes adjustments for changes in workflow and demand for services; finds efficiencies and recommends improvements as appropriate
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Participates in cross-training within the unit
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Notifies field force of changes in state regulations concerning licensing for life, annuity, long-term care, indexed annuities and variable products
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Ensures ALC, AMS and payroll systems are correctly coded to reflect agent's licensing status, commissions to be paid and companies representing, to protect company and agent from state regulatory actions and penalties
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Ensure quality and time service standards are met
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Participate in new distribution initiatives
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Participates in process and efficiency improvement initiatives
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Ensures SOX compliance
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Directs web security access for agents
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Researches errors and questions from producers, and ensures timely response
Requirements
* Qualified candidates will have 1-2 years experience in a home office or field office setting, preferably in the insurance or other regulated financial services industry; familiarity in dealing with state regulations, contracts, etc.
* High School Diploma required; college degree preferred
* Must have intermediate proficiency in Microsoft Office Suite (Word, Excel, Outlook); mainframe processing, and the ability to utilize dual monitors
* LOMA courses (FLMI Level 1; Insurance Fundamentals) or related life insurance experience/training preferred
* Ability to meet established deadlines; must be able to work independently as well as being a team player
* Ability to work in a fast-paced environment; strong interpersonal skills a must
* Establish and maintain effective working relationships with those contacted in the course of work
* Must be able to pass a background check
National Life Group(R) is a trade name of National Life Insurance Company, Montpelier, VT and its affiliates. Life Insurance Company of the Southwest, Dallas, TX is licensed to do business in all states except New York. Securities are offered solely by Equity Services, Inc., Member FINRA/SIPC, a Broker/Dealer and Registered Investment Advisor. Sentinel Investments(R) is the unifying brand name for Sentinel Financial Services Company, Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc. Each company of the group is solely responsible for its own financial condition and contractual obligations. All companies, unless otherwise noted, are affiliated and are located in Montpelier, VT.
TC56829(0510)
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