Trade Review Supervisor- Annuity
On-siteSt. Louis, Missouri, United States
St. Louis, Missouri, United StatesOn-siteFull TimeLarge
Full TimeLarge
Job Summary
Review and approve insurance transactions by comparing clients' portfolios and financial objectives with product specifications. Execute authority to cancel non-compliant trades and coordinate objections for delayed or cancelled transactions. Train and mentor new Trade Review Analysts on trade review functions, firm policies, and industry regulations. Collaborate with Financial Advisors, Branch Managers, Insurance Compliance, and Operations departments to resolve special situations and ensure data consistency. Serve as a subject matter expert on paperwork requirements and the Insurance Database submission process.
Required Qualifications
- Expert knowledge of Fixed, Fixed Indexed, Buffered, Immediate and Variable annuities and the ability to stay current with product changes
- Expert knowledge of all brokerage products, specifically life insurance, mutual funds, UITs, ETFs, and the managed funds program
- Expert knowledge of multi-branch brokerage retail system
- Solid knowledge of laws, tax codes, precedents, government regulations, and agency rules; familiarity with compliance issues surrounding insurance products
- Understand the tax ramifications of insurance products and current tax codes that apply to these transactions
- Expert knowledge of FINRA regulations, sales practices, and issues on Investment Company act products
- Expert knowledge of state insurance regulations and the ability to keep current with states specific rule changes
- Understands retirement plan rules and the tax ramifications associated with them
- Travel by car and/or air in conjunction with local, regional and/or national travel is required
- Bachelor's degree in Finance or related field
- 5+ years' of experience working in financial industry
- Series 7, 9, 10, 63, 24, 9 & 10, and Resident State Insurance License (Life and Health)
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