Principal Review Analyst

				Overview:

Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!

Responsibilities:

As a member of the Investment Planning Services (IPS) Principal Review team you will be among professionals who are challenged and empowered to grow professionally.  If you like variety and collaboration we have all that to offer as no two cases are exactly the same.  As a small team operating within Investment Planning Services, our ability to work with Agents, Life and IPS business partners is critical to making decisions that drive pace and create an exciting work environment.

A successful candidate will possess the ability to leverage product and licensed principal reviewer knowledge to assess and evaluate agent recommendations for suitability and best interest practices for all offered products.  This will require a solid understanding of the regulatory environment, suitability and best interest policies, guidelines, practices, and procedures.  Candidates will need to demonstrate ability to collaborate with key business areas, peers, and leadership.

* Reviews and makes decisions regarding new brokerage/529/advisory accounts, Life Insurance, and fixed and variable annuity policy applications; evaluates supporting documentation to verify proper suitability of product/fund selections in accordance with procedures, guidelines, and legislative requirements under FINRA/SEC/NAIC/State regulations.
* Reviews best interest standard recommendations and evaluates for acceptance/rejection or additional information on offered products/transactions.
* Evaluates suitability aspect of Life Insurance which may include coordination with Life Underwriting as needed for Life policy review obligations under New York Regulation 187.
* Communicates effectively with internal/external customers/business partners; ability to seek clarity of information and explain review decisions with agents.
* Effective written communication: ability to document thorough case notes and decision rationale in professional and concise manner.
* Interprets financial terminology and concepts, suitability/best interest procedures, guidelines, legislative and regulatory requirements.
* Develops knowledge of brokerage/529/advisory/annuity products and systems to evaluate and oversee appropriate customer best interest recommendations.
* Develops strong workstation skills to navigate appropriately between tools to complete reviews and associated documentation.
* Reviews and develops recommendations to enhance suitability and best interest standard processes, procedures, and technologies.
* May assist and/or represent the Suitability unit on projects or committees, or other assignments as directed. Which can involve analytical, technical and research activities.
* May work exception reports or controls as needed

Qualifications:

Required:

* Will be required to possess and/or obtain a Securities Industries Essentials (SIE), Series 6 license, and Series 26. 
* Series 51 securities licensing exam may be required.
* Continued employment requires incumbents to receive sponsorship from State Farm VP Management Corp. Incumbents must also be registered and remain in good standing as required by State Farm VP Management Corp. and the FINRA. This includes successfully completing all applicable FINRA exam(s) and state exams required by the state in which you are employed. Selected candidates will be required to sign a Securities Registration Agreement.
* Fingerprint, Credit check and Background check required. 
* Incumbents must sign the Acknowledgement and Consent to Telephone Monitoring, and the Acknowledgement of Policy on Personal Account Transactions/Acknowledgement of E-mail Retention and Supervision Policy Forms.

Preferred:

* Knowledge of financial products, mutual funds, annuities and 529 College Savings Plans

Competencies:

* Decisions Making and Judgment
* Communication
* Resourcefulness
* Customer Focus
* Accountability
* Teamwork

Hybrid Work Arrangement:  Qualified candidates (in or near hub locations) including Bloomington, Illinois; Richardson, Texas; or Tempe, Arizona should plan to spend time working from home and some time working in the office as part of our hybrid work environment.  The Hybrid requirement is 4-5 days per month in the office.  Must reside within a reasonable daily commuting distance to the office.

Incumbency: This position will have an 18-month incumbency period for a lateral and promotional opportunities (beginning on the effective date of the position) which must be met before the employee can post for any other State Farm position. The incumbency period does not affect the at-will relationship between State Farm and the employee and does not create an employment contract, nor contractual rights.
			

Apply

Share this job:

Share this Job

View company profile

State Farm

Connect To Our Company