Skills & Competencies for Annuities Supervisor (New Business)

Annuities Supervisor (New Business) job profile

Book a Demo and Receive a Sample Job Profile

JOB 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

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 Supervisor (New Business) skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

5 hard skills or competencies (industry competencies) for Annuities Supervisor (New Business)

1 Industry Competency – Insurance Industry
Proficiency Level -2
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)
Reviews and analyzes claim applications to determine coverage eligibility and rates.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors market trends in insurance services to deliver improved business impacts.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Establishes and enforces standards for handling claims to maximize insurance workflow efficiency.
See 4 More Skill Behaviors
2 Industry Competency – Insurance Legal and Regulatory Environment
Proficiency Level -2
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 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
Skill definition-Fostering relationships and positive communication with customers to identify their demands to gain a competitive market advantage.
Level 1 Behaviors
(General Familiarity)
Lists possible issues and concerns regarding customer interaction.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports the development of creative ways to improve the value of customer interaction.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Performs good customer interaction to meet our customer standards and our objectives.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities in the customer interaction process to create positive service.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads innovative processes to maximize the timing and effectiveness of customer interactions.
See 4 More Skill Behaviors
2 Job Family Competencies – Market Development
Proficiency Level -2
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
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
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 – Planning and Organizing
Proficiency Level -2
Skill definition-Managing and prioritizing resources and workloads by creating well-organized plans to attain organizational goals and objectives.
Level 1 Behaviors
(General Familiarity)
Lists commonly used tools in workplace planning and organization.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Works with specific tools in prioritizing and allocating resources to ensure task accuracy.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Prepares schedules to plan, organize, and complete priorities promptly.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Sets short- and long-term objectives to organize team workload and improve efficiency.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads the development of new techniques and strategies to drive effective planning and organization.
See 4 More Skill Behaviors
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.

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.