6 hard skills or competencies (industry competencies) for Annuities Director (New Business)
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)
Identifies the key legislation and regulations governing insurance contracts.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Records and maintains insurance policy and claims information in a database system.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Verifies received insurance coverage and damage reports to ensure accurate processing of claims.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides technical guidance to staff on claim investigation to ensure accurate insurance claims processing.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Pursues creative initiatives that may differentiate our business and give us a competitive advantage.
See 4 More Skill Behaviors
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)
Explains the application of insurance regulatory laws to avoid civil penalties and license suspension.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports the execution of a legal and regulatory framework to promote strict insurance compliance.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Performs compliance reviews to determine possible violations and deficiencies in insurance regulations.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Trains teams on new laws and regulations to reduce liability risks and compliance violations.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Establishes best practices in creating insurance laws and regulations to prevent frauds and malpractices.
See 4 More Skill Behaviors
2 general skills or competencies (Job family competencies) for Annuities Director (New Business)
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)
Lists the importance of creating a market development strategy for businesses.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports the development of sales strategies and forecasting using data and market insights.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Works with other teams in developing a plan to introduce our products to new customers.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities in product development processes to drive cost efficiencies.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Shares insights of market need with business executives to generate a pipeline of innovation opportunities.
See 4 More Skill Behaviors
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)
Cites the advantages and disadvantages of using media and tools in relationship marketing.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Compiles outreach efforts and results in the marketing Relationship Management (CRM) software.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Generates marketing plans to retain long-term relationships with prospects and customers.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Determines new relationship marketing opportunities to generate sales leads.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Creates best practices in building customer relationships to address marketing needs.
See 4 More Skill Behaviors
13 soft skills or competencies (core competencies) for Annuities Director (New Business)
Skill definition-Applying business intelligence to monitor and manage overall business performance towards goals.
Level 1 Behaviors
(General Familiarity)
Describes our organization's major strengths and weaknesses from a BPM perspective.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Enters performance-related data into the performance management dashboard.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Deploys business performance management solutions across the entire organization.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Evaluates the performance of staff and departments to make strategic decisions about production modifications.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs applications and systems that house performance data.
See 4 More Skill Behaviors
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)
Describes the concepts and principles of budgeting operations.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Assists in developing and improving budgeting models, plans, and strategies.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Compares planned budgets vs. actual expenditures, identifies, reports, and explains variances.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Determines system capabilities and needs to improve the process for financial budgeting.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Develops financial models to support the strategic improvement of our budgeting processes.
See 4 More Skill Behaviors
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.