Skills & Competencies for Estate Planning Consultant

Estate Planning Consultant job profile

Book a Demo and Receive a Sample Job Profile

JOB SUMMARY for Estate Planning Consultant

Provides estate planning consultation to the agency work force.

JOB RESPONSIBILITIES for Estate Planning Consultant

Develops and conducts any training or educational seminars necessary to guide agents and their clients through the procedural, legal, and financial aspects of their plans. Responsible for developing and maintaining relationships with professional advisors.

Estate Planning Consultant SALARY RANGE

BASE 50%
$108,059
TOTAL 50%
$120,490
Job Level
P04
Job Code
FA06000572
Education/Degree
Bachelor's Degree
Reports To
Manager

Estate Planning Consultant 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 Estate Planning Consultant skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
BOOK A DEMO

7 hard skills or competencies (industry competencies) for Estate Planning Consultant

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)
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
2 Industry Competency – Insurance Legal and Regulatory Environment
Proficiency Level -4
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
3 Estate Planning Consultant - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Estate Planning Consultant
Proficiency Level - 4
5 Competency for - Estate Planning Consultant
Proficiency Level - 5

2 general skills or competencies (Job family competencies) for Estate Planning Consultant

1 Job Family Competencies – Training and Development
Proficiency Level -3
Skill definition-The process of improving the job performance of an individual or group through structured and planned training sessions.
Level 1 Behaviors
(General Familiarity)
Identifies major activities involved in training cycle phases.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Supports employees in learning course accessibility through various delivery channels.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Develops department training matrix for workforce development and retains great talent.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Provides instructional design expertise to support determining training needs and solution development.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Promotes the development and continued expansion of training content to support our organization-specific processes.
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)
Explains the importance of relationship marketing to generate sales.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Logs and reports complaints of customers in support of relationship marketing.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Initiates strategic marketing activities to build and strengthen customer relationships.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Monitors the performance of relationship marketing efforts to achieve objectives.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Establishes influential relationships to boost customer engagement.
See 4 More Skill Behaviors
3 Estate Planning Consultant - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Estate Planning Consultant
Proficiency Level - 4
5 Competency for - Estate Planning Consultant
Proficiency Level - 5

8 soft skills or competencies (core competencies) for Estate Planning Consultant

1 Core Competencies – Time Management
Proficiency Level -3
Skill definition-Managing and setting priorities, goals, and timetables to boost productivity and efficiency in completing tasks.
Level 1 Behaviors
(General Familiarity)
Explains the importance of time management in driving the overall productivity of our business.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Employs the 80-20 rule to avoid perfectionism and minimize time-wasting.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Utilizes departmental tools and best practices to organize tasks effectively and productively.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Manages teams in streamlining work-related tasks to prioritize highest value tasks firsts.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Leads transformational changes to work plans to drive the proper utilization of time and resources.
See 4 More Skill Behaviors
2 Core Competencies – Problem Solving
Proficiency Level -3
Skill definition-Analyzing and identifying the root cause of problems and applying critical thinking skills to solve problems.
Level 1 Behaviors
(General Familiarity)
Identifies key aspects of problem-solving techniques used in own area.
See 4 More Skill Behaviors
Level 2 Behaviors
(Light Experience)
Helps to analyze the risks and benefits of alternative approaches and obtain a decision on resolution.
See 4 More Skill Behaviors
Level 3 Behaviors
(Moderate Experience)
Develops successful resolutions to critical or wide-impact problems.
See 4 More Skill Behaviors
Level 4 Behaviors
(Extensive Experience)
Organizes potential problem-solvers and leads problem resolution efforts.
See 4 More Skill Behaviors
Level 5 Behaviors
(Mastery)
Creates a climate that rewards quick problem-solving approaches.
See 4 More Skill Behaviors
3 Estate Planning Consultant - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Estate Planning Consultant
Proficiency Level - 4
5 Competency for - Estate Planning Consultant
Proficiency Level - 5

Summary of Estate Planning Consultant skills and competencies

There are 7 hard skills for Estate Planning Consultant, Insurance Industry, Insurance Legal and Regulatory Environment, Insurance Products, etc.
2 general skills for Estate Planning Consultant, Training and Development, Relationship Marketing.
8 soft skills for Estate Planning Consultant, Time Management, Problem Solving, Consulting, etc.
While the list totals 17 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 Estate Planning Consultant, he or she needs to be skilled in Time Management, be skilled in Problem Solving, and be skilled in Consulting.

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.