Senior Consultant (NQDC, COLI and ICOLI)

Newport, an Ascensus company, helps employers offer their associates a more secure financial future through retirement plans, insurance and consulting services. Newport offers comprehensive plan solutions and consulting expertise to plan sponsors and the advisors who serve them. As a provider and partner, Newport is independent, experienced, and responsive.

Manages nonqualified and COLI case work and workflow of assigned cases and ensures that the best and most appropriate resources are designated to support the development of cases while having a direct impact on the successful acquisition of new clients.

Section 2: Job Functions, Essential Duties and Responsibilities

• Serves as the nonqualified liaison between internal technical staff, nonqualified Regional Vice Presidents (“RVPs”) and our intermediary distribution partners in the development of new nonqualified clients.
• Coordinates and compiles plan ‘diagnostic’ evaluations for prospective nonqualified clients to include plan design evaluation (“Best Practices”), evaluation and recommendation of funding strategies, optimization and recommendations regarding participant investment ‘menu’ options, trustee search and selection, etc.
• Fosters strong relationships and maintains strategic oversight for clients along with intermediary partners and Newport Relationship Managers (“RMs”).
• Participates in special projects that enhance productivity/efficiency and suite of nonqualified services.
• Evaluates and consults on nonqualified plan design, including Corporate Owned Life Insurance (COLI) and Insurance Owned Life Insurance (ICOLI)
• Conducts presentations on all facets of nonqualified products and strategies
• Training of nonqualified clients and internal staff on nonqualified product design, product performance, fund changes and general trends or changes in the marketplace
• Coordinates completion necessary compliance documentation related to placements of securities
• Self-starter working in a fast-paced, demanding environment under tight deadlines
• Focuses on learning in everyday activities and events
• Collaborates with and openly shares knowledge with colleagues
• Regular, reliable and punctual attendance
• Responsible for protecting, securing, and proper handling of all confidential data held by Ascensus to ensure against unauthorized access, improper transmission, and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
• Our I-Client service philosophy and our Core Values of People Matter, Quality First and Integrity Always® should be visible in your actions on a day-to-day basis showing your support of our organizational culture.

Supervision  

• None

Section 3:  Experience, Skills, Knowledge Requirements

• FINRA Series 6/7 and 63 licenses
• Minimum 10+ year of retirement services and COLI industry experience with direct accountability for client deliverables
• Bachelor's degree from four-year college or university
• Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or governmental regulations
• Ability to write reports, business correspondence and procedure manuals
• Ability to effectively present information and respond to questions from intermediary partners, prospects and clients
• Ability to apply advanced mathematical concepts utilizing current spreadsheet and accounting database software programs.
• Ability to apply advanced mathematical concepts utilizing current spreadsheet and accounting database software programs.
• CFA and/or CAIA desirable.

For all virtual remote positions, in order to ensure associates can effectively perform their job duties with no distractions, we require an uninterrupted virtual workspace and there is also an expectation of family care being in place during business hours. Additionally, there is an internet work speed requirement of 25 Mbps or better for individual use. If more than one person is utilizing the same internet connection in the same household or building, then a stronger connection is required. If you are unsure of your internet speed, please check with your service provider. Note: For call center roles specifically, it is a requirement to either hardwire your equipment directly to the internet router or ensure your workstation is in close proximity to the router. Please ensure that you are able to meet these expectations before applying.

We are proud to be an Equal Opportunity Employer