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)
Defines the key terminologies and components of an insurance policy.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Enters new information about insurance premiums and payments to update insurance policy records.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Identifies cost-effective solutions to address regulatory compliance challenges in insurance services.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Facilitates discussions with agents and underwriters on evolving exposures and risk management practices.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs and executes innovative strategies and techniques to optimize the claims-handling process.
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)
Describes the basic structure of insurance legal and regulatory environment.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Complies with insurance legal and regulatory principles to safeguard the rights and interests of the insured.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Analyzes existing legal and regulatory standards to address errors affecting insurance policies.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Improves legal procedures for licensing intermediaries or producers to prevent penalties.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Designs compliance strategies and programs to prevent violations of statutes, regulations, and policies.
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)
Describes the components of market development programs.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Conducts market research to keep abreast of the latest market developments.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Follows up on leads and conducts research to identify potential prospects.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Creates and monitors development plans and budgets to reduce time to market execution.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Conceptualizes and executes go-to-market strategies to accelerate our product commercialization.
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.