New Business Analyst

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.

The New Business Department at Newport serves as case managers for the placement of certain nonqualified benefit plans, such as Bank Owned Life Insurance (BOLI), Corporate Owned Life Insurance (COLI), and Insurance Company Owned Life Insurance (ICOLI). In addition to various internal departments, New Business Analysts work alongside external producers, insurance companies, and directly with clients throughout the insurance implementation process to facilitate insurance placement in a timely manner.

Section 2: Job Functions, Essential Duties and Responsibilities

• Develop and maintain strong professional relationship with carrier contacts
• Solve routine problems independently
• Negotiate with insurance carriers on substandard cases or declines to resolve problems and issues to facilitate a favorable outcome for client
• Determine correct consent forms, carrier master or individual applications, carrier supplemental forms and other miscellaneous forms and age requirements based on the case parameters
• Responsible for managing multiple cases while simultaneously meeting deadlines
• Communicate case requirements/processes to internal and external stakeholders and maintain efficient processes and procedures required to meet client expectations
• Proactively communicate status updates and manage project for successful client implementation of insurance
• Review the efficiency of the new business placement process and proactively make suggestions to enhance efficiencies

Supervision  

• N/A

Section 3:  Experience, Skills, Knowledge Requirements

• A bachelor’s degree in a business-related field (OR a combination of education and industry experience)
• Experience in a project management, account / relationship management, or other similar job role requiring management of tasks and deliverables.
• Solid written and oral communication skills
• Proficiency using Excel, Word, Outlook, and Adobe
• Strong analytical, problem solving, and organizational skills
• A track record of consistently meeting and/or exceeding performance expectations
• The ability to work under pressure in a fast-paced environment
• Excellent organizational skills and the ability to process and retain large volumes of information
• Experience with case implementation, life underwriting, life insurance or project management. (preferred)
• The ability to read and locate information on financial statements and insurance illustrations (preferred)

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

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