Skills & Competencies for Annuities Director (New Business)

Annuities Director (New Business) 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.

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 how reinsurance aids in meeting the long-term debts and financial obligations of a business.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Locates resources to acquire updates regarding market shifts and regulatory changes in insurance.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Prepares insurance plans based on client needs to minimize financial risk or losses during uncertain events.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors industry changes to improve the strategic directions of insurance operations.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops strategic methods for selling insurance policies to increase the profit of our organization.
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)
Describes the importance of compliance programs in maintaining an insurance legal and regulatory environment.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Documents compliance complaints to track and escalate possible legal violations and ensure prompt resolution.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Executes market conduct exams to verify the adherence of insurance operations to laws and regulations.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Reviews root causes of regulatory deficiencies to create corrective action plans and ensure adherence.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops an insurance regulatory framework to promote consumers' protection and achieve policy objectives.
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 concepts and principles of market development.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Gathers competitive market data to support the development of marketing development plans.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Uses market development strategies to identify new opportunities in promoting business products.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Establishes strategies for promoting products across different markets to increase business revenue.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs new market segments for current products to maximize our revenue margins.
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)
Follows the techniques and strategies used in relationship marketing to address client needs.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Tracks customer outreach efforts to assist in meeting brand objectives.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Maintains close relationships with customers to execute the most effective marketing effort.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Sets marketing goals and develops relationships with customers to promote lifetime brand loyalty.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Improves relationship marketing initiatives to ensure organizational and market growth.
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)
Names tools and systems used in managing business performance.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Suggests alternative solutions when the initial approach did not produce satisfying results.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Recommends performance benchmarks for our business units.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Reviews crucial data and goal progress to assess business performance.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Sets organizational goals and tracks progress using a business performance management system.
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)
Lists the elements and the steps on how to conduct budgeting.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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.