Foresters Financial

Director, Annuity Suitability – Compliance

Foresters Financial

full-time

Posted on:

Location Type: Hybrid

Location: United States

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Salary

💰 $121,700 - $225,900 per year

Job Level

Lead

About the role

  • Support the launch and operation of a suitability and compliance function for a new fixed/indexed annuity program in 49 states (excluding NY)
  • Lead a small but dynamic team charged with making suitability decisions in accordance with the NAIC Suitability in Annuity Transactions Model Regulation
  • Ensure adherence to internal policies and procedures as well as state and federal regulatory requirements pertaining to annuity suitability review process
  • Manage workflows to ensure suitability reviews are completed in a timely manner
  • Respond to internal or external inquiries in respect of the suitability program
  • Support the ongoing maturing of a regulatory compliance program to ensure adherence to new state and federal regulatory requirements

Requirements

  • Deep experience of U.S. annuities and compliance, ideally relating to fixed/indexed annuities in an independent distribution environment
  • Comprehensive knowledge of fixed/indexed annuity products, independent and broker-dealer channels pertaining to suitability and other annuity processing related items
  • Comfortable ensuring suitability reviews are completed in accordance with service level expectations of customers and distribution
  • Strong judgment in identifying reviews appropriate for escalation
  • Experience in dealing directly with customers and distribution
  • A skilled coach who can support team member development on both the technical and commercial aspects of the suitability analyst role
  • Broad understanding of annuity new business platforms (e.g. Firelight)
Benefits
  • Eligible employees may participate in a discretionary variable incentive plan
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
U.S. annuitiescompliancefixed indexed annuitiessuitability review processregulatory compliancesuitability decisionsanalyzing suitabilityescalation judgmentannuity processing
Soft Skills
team leadershipcoachingcustomer interactioncommunicationjudgmentworkflow managementproblem-solving