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Annuity Business Development Specialist

Company: Citi
Location: Oyster Bay
Posted on: May 16, 2022

Job Description:

The Annuity Business Development Specialist is a developing professional role. Deals with most problems independently and has some latitude to solve complex problems. Integrates in-depth specialty area knowledge with a solid understanding of industry standards and practices. Good understanding of how the team and area integrate with others in accomplishing the objectives of the subfunction/ job family. Applies analytical thinking and knowledge of data analysis tools and methodologies. Requires attention to detail when making judgments and recommendations based on the analysis of factual information. Typically deals with variable issues with potentially broader business impact. Applies professional judgment when interpreting data and results. Breaks down information in a systematic and communicable manner. Developed communication and diplomacy skills are required in order to exchange potentially complex/sensitive information. Moderate but direct impact through close contact with the businesses' core activities. Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams.Responsibilities:

  • The Annuity Business Development Specialist role reports to the Annuity Distribution Manager, who works under the Field Management organization. This position will work closely with advisors and wealth planners.
  • Act as subject matter expert, educates Advisors and Relationship Managers on Citi annuity product offering and the submission processes.
    • Assist in the growth of annuity business with outgoing calls to advisors and other sales development initiatives.
    • Collaborate with Wealth Planning team on positioning annuities as a potential solution for retirement income gaps.
    • Be a student of the industry and constantly learn about new annuity products, industry and product development trends and the regulatory environment.
      • Collaborate with Product Management to provide field input on product gaps and areas for advisor training and education.
      • Serve as point of escalation for any questions relating to product offering, platform navigation, submission process questions.
      • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.Qualifications:
        • 2-5 years relevant experience
        • Strong verbal and written communication skills
        • Understanding of annuity products and concepts required
        • Series 7& 63, and Life and Health required
        • College Degree (preferred)
        • Ability to multitask and perform well under pressure
        • Excellent analytical and follow-up skills
        • Experience using Microsoft Office suite (Excel, Word, PowerPoint)
        • Must be a self-starter, problem solver and a goal-oriented team playerEducation:Bachelor's/University degree or equivalent experience-------------------------------------------------Job Family Group: Private Client Coverage-------------------------------------------------Job Family:Financial Planning Services------------------------------------------------------Time Type:Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Stamford , Annuity Business Development Specialist, Other , Oyster Bay, Connecticut

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