Professional Wealth Associates Hiring for Director, Life Insurance Division Job at Melville, NY Full Time

Professional Wealth Associates

Melville, NY

Director, Life Insurance Division

We are a boutique financial planning firm offering comprehensive planning including Wealth Management, Retirement Savings Strategies, College Savings Plans, Investment Management, Life Insurance, Pension and Social Security Planning, Long Term Care & Disability Strategies as well as Succession Planning and various benefit plans for employers and employees.

With 35 years of experience behind us, we strive to offer effective wealth management and investment strategies to our loyal clients who come to us for our expertise and guidance. Joining Professional Wealth Associates brings a level of recognition with it and ensures you’ve become a part of a professional team who believes in investing in its employees by offering various resources and incredible support.

The Opportunity:

We have an extensive book of business of Wealth Management clients that provide an opportunity for life and long term care insurance sales. We also have relationships with other professionals and organizations in the accounting, legal, P&C insurance and Non-Profits sectors that have provided referrals in the past but with some effort can create increased referrals. These relationships, along with pro-active marketing, provide additional opportunities for new referrals.

We also have a team of back office and administrative support staff, allowing you more time in front of clients to build relationships and uncover new business opportunities across our client base and less time completing paperwork.

What You Will Do:

We are looking for someone to develop our Life Insurance Division through personal production including advanced planning strategies. Additionally, you will be tasked with building a team, further developing our Life Insurance Division by hiring talented Life Insurance Specialists who will bring value and service to our clients when it comes to basic term policies and such

Other typical responsibilities include:

• Develop and maintain a client base; seeking new prospects via referrals and other methods
• Consult with clients and prospective clients to assess insurance needs, budget, financial planning goals, and other relevant details
• Provide quotes and coverage recommendations, assisting with long-term planning
• Assist with completion of applications and other necessary paperwork as well as obtain underwriting approval
• Deliver policy and plan documents
• Follow up with clients on a periodic basis to assess financial, family, and other changes that may warrant modification of coverage

What You Will Receive In Return

• Generous commission structure on Life Insurance products sold
• Opportunity to cross-sell Life Insurance products to our Wealth Management clients
• Opportunity to nurture and leverage PWA business partners for additional leads and sales opportunities
• The opportunity to build our Life Insurance Division, hiring and training a team of your own
• The option to offer any Life Insurance product without being bound to one brand
• Administrative support so you can focus less on paperwork and more on your business
• State of the art, newly built office space with a private office and conference room with technology for client meetings
• Office supplies and support staff

Requirements:

• Five to ten years of insurance experience including advanced market strategies such as premium financing
• New York State Life, Health, and Disability insurance licenses
• FINRA Series 6, 63, and 65 registrations preferable or willingness and ability to attain
• Ability to effectively manage other salespeople and support staff

Pay: $100,000.00 – $200,000.00 per year

Contract type:

• Permanent

Pay rate:

• Commission only

Supplemental pay types:

• Bonus pay
• Commission pay

Weekly day range:

• Monday to Friday

Work setting:

• In-person
• Office

Work Location: One location