Skills & Competencies for Annuities Supervisor (New Business)
Annuities Supervisor (New Business) job profile
Book a Demo and Receive a Sample Job ProfileJOB SUMMARY for Annuities Supervisor (New Business)
Supervises a group of Annuities Representatives responsible for handling the needs of new applicants.
JOB RESPONSIBILITIES for Annuities Supervisor (New Business)
Ensures compliance with all regulations and keeps abreast of any changes to laws and regulations which pertain to annuities applications. Responsible for handling the more complicated client service issues such as contract exceptions or complaints referred by staff. May be responsible for developing or improving annuities application processes in order to facilitate the acquisition of new business.
Annuities Supervisor (New Business) SALARY RANGE
BASE 50%
$70,420
TOTAL 50%
$74,891
Job Level
M01
Job Code
FA06000586
Education/Degree
Bachelor's Degree
Reports To
Manager or Head of a Unit/Department
Annuities Supervisor (New Business) Skills and Competencies List
5 hard skills or competencies (industry competencies) for Annuities Supervisor (New Business)
1
Industry Competency –
Insurance Industry
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Identifies the key legislation and regulations governing insurance contracts.
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Level 2 Behaviors
(Light Experience)
Records and maintains insurance policy and claims information in a database system.
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Level 3 Behaviors
(Moderate Experience)
Verifies received insurance coverage and damage reports to ensure accurate processing of claims.
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Level 4 Behaviors
(Extensive Experience)
Provides technical guidance to staff on claim investigation to ensure accurate insurance claims processing.
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Level 5 Behaviors
(Mastery)
Pursues creative initiatives that may differentiate our business and give us a competitive advantage.
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2
Industry Competency –
Insurance Legal and Regulatory Environment
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Explains the application of insurance regulatory laws to avoid civil penalties and license suspension.
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Level 2 Behaviors
(Light Experience)
Supports the execution of a legal and regulatory framework to promote strict insurance compliance.
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Level 3 Behaviors
(Moderate Experience)
Performs compliance reviews to determine possible violations and deficiencies in insurance regulations.
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Level 4 Behaviors
(Extensive Experience)
Trains teams on new laws and regulations to reduce liability risks and compliance violations.
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Level 5 Behaviors
(Mastery)
Establishes best practices in creating insurance laws and regulations to prevent frauds and malpractices.
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3
Annuities Supervisor (New Business)
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Annuities Supervisor (New Business)
Proficiency Level - 4
5
Competency for -
Annuities Supervisor (New Business)
Proficiency Level - 5
3 general skills or competencies (Job family competencies) for Annuities Supervisor (New Business)
1
Job Family Competencies –
Customer Interaction
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Lists possible issues and concerns regarding customer interaction.
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Level 2 Behaviors
(Light Experience)
Supports the development of creative ways to improve the value of customer interaction.
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Level 3 Behaviors
(Moderate Experience)
Performs good customer interaction to meet our customer standards and our objectives.
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Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities in the customer interaction process to create positive service.
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Level 5 Behaviors
(Mastery)
Leads innovative processes to maximize the timing and effectiveness of customer interactions.
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2
Job Family Competencies –
Market Development
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Lists the importance of creating a market development strategy for businesses.
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Level 2 Behaviors
(Light Experience)
Supports the development of sales strategies and forecasting using data and market insights.
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Level 3 Behaviors
(Moderate Experience)
Works with other teams in developing a plan to introduce our products to new customers.
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Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities in product development processes to drive cost efficiencies.
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Level 5 Behaviors
(Mastery)
Shares insights of market need with business executives to generate a pipeline of innovation opportunities.
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3
Annuities Supervisor (New Business)
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Annuities Supervisor (New Business)
Proficiency Level - 4
5
Competency for -
Annuities Supervisor (New Business)
Proficiency Level - 5
10 soft skills or competencies (core competencies) for Annuities Supervisor (New Business)
1
Core Competencies –
Business Performance Management
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Names tools and systems used in managing business performance.
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Level 2 Behaviors
(Light Experience)
Suggests alternative solutions when the initial approach did not produce satisfying results.
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Level 3 Behaviors
(Moderate Experience)
Manages information consolidation to help the management team with evaluation and decision-making.
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Level 4 Behaviors
(Extensive Experience)
Monitors our business goals, milestones, and progress toward project completion.
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Level 5 Behaviors
(Mastery)
Sets organizational goals and tracks progress using a business performance management system.
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2
Core Competencies –
Planning and Organizing
Proficiency Level -2
Level 1 Behaviors
(General Familiarity)
Explains the importance of planning and organization in building a good working environment.
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Level 2 Behaviors
(Light Experience)
Identifies key implications of ineffective planning and organization that affects decision-making.
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Level 3 Behaviors
(Moderate Experience)
Leverages key performance indicators to measure progress completion against performance metrics.
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Level 4 Behaviors
(Extensive Experience)
Manages the planning and sequencing of activities to create well-planned schedules and achieve goals on time.
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Level 5 Behaviors
(Mastery)
Establishes standards for planning and organization processes to align efforts with business goals.
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3
Annuities Supervisor (New Business)
- Skill and Competency
Proficiency Level - 3
4
Skill and Competency -
Annuities Supervisor (New Business)
Proficiency Level - 4
5
Competency for -
Annuities Supervisor (New Business)
Proficiency Level - 5
Summary of Annuities Supervisor (New Business) skills and competencies
There are 5 hard skills for Annuities Supervisor (New Business), Insurance Industry, Insurance Legal and Regulatory Environment, Insurance Products, etc.
3 general skills for Annuities Supervisor (New Business), Customer Interaction, Market Development, Relationship Marketing.
10 soft skills for Annuities Supervisor (New Business), Business Performance Management, Planning and Organizing, Coordination, etc.
While the list totals 18 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 Supervisor (New Business), he or she needs to be proficient in Business Performance Management, be proficient in Planning and Organizing, and be proficient in Coordination.
3 general skills for Annuities Supervisor (New Business), Customer Interaction, Market Development, Relationship Marketing.
10 soft skills for Annuities Supervisor (New Business), Business Performance Management, Planning and Organizing, Coordination, etc.
While the list totals 18 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 Supervisor (New Business), he or she needs to be proficient in Business Performance Management, be proficient in Planning and Organizing, and be proficient in Coordination.
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