Skills & Competencies for Annuities Director (New Business)

Annuities Director (New Business) job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for Annuities Director (New Business)

Directs the development of new accounts and business relationships through sales, marketing, and referrals.

JOB RESPONSIBILITIES for Annuities Director (New Business)

Reviews applications and contracts and ensures that all transactions comply with state and federal regulations. Stays abreast of any changes to laws and regulations which affect the activities of the business. Responsible for staffing and training of unit and ensures staff has full knowledge of all current regulations and provides prompt and efficient service to customers.

Annuities Director (New Business) SALARY RANGE

BASE 50%
$115,670
TOTAL 50%
$128,565
Job Level
M04
Job Code
EX05000165
Education/Degree
Bachelor's Degree
Reports To
Top Management

Annuities Director (New Business) Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Annuities Director (New Business) skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

6 hard skills or competencies (industry competencies) for Annuities Director (New Business)

1 Industry Competency – Insurance Industry
Proficiency Level -3
Skill definition-Applying knowledge of the insurance industry to provide risk management services and protection to various individuals from financial loss.
Level 1 Behaviors
(General Familiarity)
Explains the policy conditions of various insurance contracts and products.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Provides prompt responses to clients’ insurance-related questions and concerns.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes various tools and technologies to optimize insurance claims turnaround cycles.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides recommendations for improving methods and procedures to enhance insurance claims handling.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads the deployment of strategic approaches to address complex insurance risk management programs.
See 4 More Skill Behaviors
2 Industry Competency – Insurance Legal and Regulatory Environment
Proficiency Level -3
Skill definition-Creating, executing, and adhering to state and federal laws governing insurance operations to ensure financial security and consumer protection.
Level 1 Behaviors
(General Familiarity)
Discusses the importance of insurance regulations in protecting clients' financial security and assets.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Gathers and interprets policy contracts to understand insurance legal and regulatory standards.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Maintains financial and market regulation to validate insurance's accounting methods and procedures.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Sets guidelines to promote fairness and transparency in financial markets in providing insurance products.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops compliance and risk management standards to manage overall insurance legal and regulatory environment.
See 4 More Skill Behaviors
3 Annuities Director (New Business) - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Annuities Director (New Business)
Proficiency Level - 4
5 Competency for - Annuities Director (New Business)
Proficiency Level - 5

2 general skills or competencies (Job family competencies) for Annuities Director (New Business)

1 Job Family Competencies – Market Development
Proficiency Level -4
Skill definition-Identifying and developing new market segments for current products to increase revenue margins and support long-term company growth.
Level 1 Behaviors
(General Familiarity)
Explains the role of market research in the market development process.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Selects and uses prospecting tools in identifying new market leads.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes industry-specific tools to manage our market development strategy effectively.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Manages the execution of sales enablement packages to support our market development programs.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops and implements a promotional strategy to penetrate the new market.
See 4 More Skill Behaviors
2 Job Family Competencies – Relationship Marketing
Proficiency Level -3
Skill definition-Building and cultivating long-term customer loyalty and engagement to establish brand connections, generate leads, and drive business growth.
Level 1 Behaviors
(General Familiarity)
Explains the importance of relationship marketing to generate sales.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Logs and reports complaints of customers in support of relationship marketing.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Initiates strategic marketing activities to build and strengthen customer relationships.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors the performance of relationship marketing efforts to achieve objectives.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Establishes influential relationships to boost customer engagement.
See 4 More Skill Behaviors
3 Annuities Director (New Business) - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Annuities Director (New Business)
Proficiency Level - 4
5 Competency for - Annuities Director (New Business)
Proficiency Level - 5

13 soft skills or competencies (core competencies) for Annuities Director (New Business)

1 Core Competencies – Business Performance Management
Proficiency Level -3
Skill definition-Applying business intelligence to monitor and manage overall business performance towards goals.
Level 1 Behaviors
(General Familiarity)
Cites the processes involved in business performance management.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Designs new reports to surface new action items.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Collates data to help in assessing our organization's operation holistically.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Creates an environment where staff can perform to the best of their abilities.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Creates interventions based on the data reviewed to improve future performance.
See 4 More Skill Behaviors
2 Core Competencies – Budgeting
Proficiency Level -3
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Compiles a list of basic issues and risks for conducting our budget processes.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Applies established guidelines for conducting our budgeting processes.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Communicates budget objectives and plans to help identify financial trends and create budget forecasts.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Anticipates organizational income and expenses to make forecasts and develop budget plans.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Adapts relevant industry trends on techniques in financial budgeting in our organization.
See 4 More Skill Behaviors
3 Annuities Director (New Business) - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Annuities Director (New Business)
Proficiency Level - 4
5 Competency for - Annuities Director (New Business)
Proficiency Level - 5

Summary of Annuities Director (New Business) skills and competencies

There are 6 hard skills for Annuities Director (New Business), Insurance Industry, Insurance Legal and Regulatory Environment, Insurance Products, etc.
2 general skills for Annuities Director (New Business), Market Development, Relationship Marketing.
13 soft skills for Annuities Director (New Business), Business Performance Management, Budgeting, Planning and Organizing, etc.
While the list totals 21 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Annuities Director (New Business), he or she needs to be skilled in Business Performance Management, be skilled in Budgeting, and be skilled in Planning and Organizing.

It's Easy to Get Started

Get the precision you need to assess, hire, and develop top talent with skills and competencies – see how with a personalized demo.