Insurance Consultant Job Description
Insurance consultant
provides clients with a wide range of Life, Living Benefits, Wealth and Travel insurance products and solutions.
Insurance Consultant Duties & Responsibilities
To write an effective insurance consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included insurance consultant job description templates that you can modify and use.
Sample responsibilities for this position include:
Maximise opportunities to cross sell and up-sell existing and other products
Knowledge of Insurance Industry Segments – products within P&C (Fire, Home Owners, Property, ) or Life (Whole Life, Endowment, Variable Annuities, Universal Life)
Understand the Business of Insurance
Identify and prioritize Group Producers
Build and strengthen relationships, focusing on those Group Producers who have the potential to be developed into top Group Producers
Demonstrate commitment to take ownership of client/brokerage problems at first point of contact for assigned employee benefits advisors
Liaise with Group Producers, head office partners, Sales Support, etc, to ensure business gets settled
Represent RBCI within assigned territory to increase market awareness of RBCI Group Brokerage capability
Ensures all necessary stakeholders are engaged in communications between the Technology & Operations project team and the business to help identify who should be involved in the identification and development of the requirements
Supporting the Innovation Manager in delivering against Risk Management Innovation priorities
Insurance Consultant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Insurance Consultant
List any licenses or certifications required by the position: CPA, LOMA, NEBOSH, OCI, ACCA, CA, CFE, SPHR, PHR, FLMI
Education for Insurance Consultant
Typically a job would require a certain level of education.
Employers hiring for the insurance consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Engineering, Physical Sciences, Education, Business, Technical, Computer, Communication, Finance, Writing, Economics
Skills for Insurance Consultant
Desired skills for insurance consultant include:
Products
Channels
Distributors and customers
Emerging trends impacting/likely to impact insurers
Functions and processes
Insurance propositions
Services
Life insurance industry
Coverage’s
Employee benefits insurance products and usages
Desired experience for insurance consultant includes:
Ability to impact and influence key stakeholders
Bilingual (French & English) is strongly preferred
The ability to multitask and follow up, the ability to maintain a positive client experience while diffusing tense situations
Collaborate with our business partners by openly debating issues
Develop annual marketing plans (incl
Take direct adviser/client phone calls from the New Business line on a daily basis and make outbound phone calls to advisers
Insurance Consultant Examples
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Insurance Consultant Job Description
Job Description Example
Our innovative and growing company is looking for an insurance consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for insurance consultant
- Proactively work with HTS-affiliated financial advisors to support their efforts incorporating the use of annuities, life insurance, long-term care insurance, and disability income insurance products into their practices
- Actively participating in scoping, leading and delivering customer consulting engagements through the whole services life-cycle
- Develop newer Group Producers is an asset, while working with established Group Advisors
- Increase external network to contribute to the community and to capitalize on business opportunities (centre of influence) and responsible to deliver on the up sell strategy within assigned territory
- Sales Consultants will focus 80% of their time on relationship management/sales generating activities, and 20% on responding to inquires
- Handling calls (inbound and outbound), to maximise sales performance and retention targets through the provision of effective and efficient communication and negotiation skills
- Liaising with clients all year round, including but not limited to, account management, surveys & research and lead generation
- Provide the customer with relevant product information that is clear, fair and not misleading allowing them to make an informed decision
- Assists with coordinating the work load, ensuring adequate distribution of the work among available staff
- Requires broad knowledge of the Insurance industry and deep knowledge of clients' businesses and how it relates to specific Insurancesegments
Qualifications for insurance consultant
- Good interpersonal, written and oral communications skills customer relations and the ability to travel, 50%-75% annually
- Ability to build strong client and candidate relationships at all levels
- Use problem solving skills to provide a solution that meets the adviser's needs and being able to interpret and analyse request from ABS and take appropriate actions
- Communicate solutions via telephone or in writing to customer queries in a manner that they can easily understand and clearly explain the solution with a high degree of quality
- Processing of administration files on but not limited to the Clas Insurance administration team systems
- Ability to self-motivate, prioritise competing demands and manage own workload to achieve a one and done result for the customer
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Insurance Consultant Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of insurance consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for insurance consultant
- Assist with all aspects of placing a case, including product recommendations, case design, and support closing the sale
- Participate in conference calls or appointments with the advisor and client
- Act as a consultant to advisors comparing options between various product sponsors, and available options to meet their specific clients’ needs
- Makes presentations targeted to the needs of the Financial Advisors
- Research and keep up with product changes and industry trends
- Provides case designs for specific clients of the Financial Advisors
- Working within small projects or programme work streams
- Support clients throughout the whole project lifecycle activities including requirements gathering
- Contributing to the development and growth of the retail banking practice
- Participating fully within the team and actively contributing to team development
Qualifications for insurance consultant
- Good presentation skills and business development skills
- Patience, time management and organisational skills
- A Proven self starter and relationship builder
- A high degree of accuracy, reliability attention to detail
- Long-term industry expertise in Non-Life, Life/Health and Re-insurance
- Proficient with ETL tools and be able to architect an ETL solution
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Insurance Consultant Job Description
Job Description Example
Our company is growing rapidly and is looking for an insurance consultant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for insurance consultant
- Develop strong, positive relationships with clients by providing added value services
- Recommendations of coverage
- Establishing and developing trusted executive and senior level business relationships to build a long-term partnership
- Through research, identifies and presents thoughtful recommendations to NI Product & Underwriting stakeholders on pricing, product offerings, strategy
- Leads own work streams on all projects, provides structured project updates and prioritizes own work accordingly
- Engages with broker industry practice leaders and experts
- Peer review both internal and third party vendor casualty and cyber catastrophe loss modeling estimates
- Identify and pursue opportunities for profitable growth and apply deep and broad expertise by line of business to achieve a balanced, profitable and quality book while protecting Company assets
- Create and execute a strategic plan to successfully cultivate, grow, and manage the agent/broker relationship
- Formally and informally guides, mentors, teaches, and coaches less experienced underwriters in both technical and professional skills
Qualifications for insurance consultant
- Utilize RBCI tools effectively to deliver best client experience and insurance advice – eg
- Proficient in of major BI Reporting tools and visualization tools such as Qlikview and Tableau
- Minimum four (4) years of relevant experience including thorough knowledge of OSHA and DOT regulations
- Experience conducting workplace audits for safety and regulatory compliance and preparing technical reports and written recommendations
- Clean valid driving record with good, reliable transportation
- Must be in good overall health with ability to stand, sit, and life 50 pounds
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Insurance Consultant Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of insurance consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for insurance consultant
- Support efforts such as recruitment, training and thought leadership
- Engage with the wider strategy community in UKI to foster collaboration and to support growth and development of the business
- Lead the creation of Consulting deliverables including but not limited to current state, observations, short-term and long-term recommendations and implementation roadmap
- Lead the prioritization of opportunities with client team
- Provide internal quality assurance on deliverables
- Work with Sales team to identify, scope and sell engagements
- Build industry thought leadership and apply to our clients, our Consulting service offerings and our Product and Technology team
- Prepares, reviews, and processes all client reporting requirements
- Assists with complex state and local tax projects, including audit defense, managed audits, managed compliance, reverse audits, and tax recovery
- Assist Relationship Managears with maintaining effective client relationships by providing loss control consultations
Qualifications for insurance consultant
- Continuing education may be required
- Intermediate analytical skills with the ability to collect, organize and analyze information in order to educate the team on goals, best practices
- Beginning/intermediate knowledge of site catalyst, Facebook analytics, Google Analytics, social media tools, Bitly
- Experience from- and interest in the intersection of business and technology
- Insurance industry knowledge including current trends & challenges, market dynamics and the competitive landscape
- Hands-on experience from project management, and/or of implementing IT solutions and / or redesigning processes in the above mentioned areas, gained either directly in the industry or one of the leading consultancies
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Insurance Consultant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of insurance consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for insurance consultant
- Drive strategy for growth and profitability by building expertise, resources and tools and transferring that knowledge through field training, consultations, and our Industry Excellence Guides
- Accountable for business planning, conducting analysis and building operational monitoring to keep leadership and the rest of the organization informed of industry progress
- Act as subject matter expert for a variety of industries, completes industry reviews, and produces business cases for change
- Present recommendations to NI Product & Underwriting stakeholders on pricing, product offerings, strategy
- Design and track goal alignment across industry and field organizations
- Accountable for consistency, usability and accessibility of industry-specific resources
- Responsible for specific and actionable risk selection guidance and delivery across field
- Keep the pulse of industry trends and the implications to insurance coverage, pricing or appetite
- Design and implement effective processes to improve industry pricing
- Drive consistent message, both internally and externally to agent/brokers about our appetite
Qualifications for insurance consultant
- High Level English Skills (C1)
- Other languages is a plus (Italian, French, Portuguese, Turkish)
- Some related experience including developing and projecting actuarial models using Actuarial software
- Ability to work both independently and on client teams and enjoy a fast-paced environment
- Depth of experience in at least one core service area including Solvency II reporting, Enterprise Risk Management, ALM and investment, financial and regulatory reporting, M&A and corporate restructuring, product and distribution strategy and financial modelling
- A track record of performing life insurance work the ability to contribute to cross-practice client engagements