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Allstate Financial Services - Principal Review Consultant I - Remote/Homebased
Allstate Chicago, IL
$45k-57k (estimate)
Other | Insurance 1 Month Ago
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Allstate is Hiring a Remote Allstate Financial Services - Principal Review Consultant I - Remote/Homebased

The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection.


We are the Good Hands. We don’t follow the trends. We set them.

Job Summary:

The Allstate Financial Services Principal Review Department is responsible for reviewing all securities transactions submitted by Allstate Registered Representatives, to ensure that suitability and best interest guidelines are met and properly documented into the Broker Dealer's Books and Records. This position will review all account documents and transactions submitted by registered representatives, for client suitability and best interest utilizing defined parameters. Provide feedback regarding the registered representatives' adherence to these parameters. Ensure that all required documents are on file and completed accurately. Approve all transactions and new accounts as Principal of the Firm.

Key Responsibilities:

  • Review new accounts to determine client suitability and best interest utilizing firm documents and defined parameters. Approve or reject trades and transactions as a Principal of the Firm.
  • Communicate via phone or email with registered representatives' suitability and best interest concerns or to discuss the rationale behind the transaction to help aid in the review. If a transaction is questionable, we must be able to discuss with the Registered Representative alternative investment strategies that may be more compatible with the customers' needs.
  • Educate registered representatives on paperwork procedures, product knowledge and best interest documentation.
  • Knowledge of different account registration types, i.e., 403(b), IRA, Roth IRA, joint tenants, 401(k), UGMA/UTMA, 529 Plans, etc.
  • Knowledge of FINRA and SEC supervisory rules and obligations.
  • Approve or reject applications based on analysis of information provided; requires good independent judgment based on product knowledge, company guidelines, and securities regulation. Document decisions made in the file for FINRA or auditing purposes.
  • Reconcile transactions to those approved on the front-end.
  • Contact agents via phone or written correspondence if trade is being rejected. Must be able to do this in an informative and non-threatening manner.
  • Communicate with Sales Managers and Field Compliance Officers on any questionable transactions involving a Registered Representative. Notify Sales Managers if a Registered Representative needs additional product training.

Supervisory Responsibilities:

This job does not have supervisory duties.

Education and Experience:

  • A high school diploma is required.
  • Requires 3 or more years of financial services experience, preferably with sales or suitability analysis experience.

Certificates, Licenses, Registrations:

  • Requires FINRA Series 6 or 7 Securities License. The appropriate FINRA Principal license(s) is also required within 90 days of hire (Series 24/26 and 51/53).

Functional Skills:

  • Moderate Microsoft Applications experience (Word, Excel, Outlook)
  • Advanced communication and presentation skills
  • Knowledge of and ability to recognize FINRA violations such as churning, breakpoint sales, and switching.
  • Must also have the ability to discuss with Registered Representatives/Sales Management/Compliance Officers effectively in relation to these issues.
  • Expert knowledge of all investment products: mutual funds, variable annuities, fixed annuities, variable life, stocks, bonds, RIA, unit investment trusts and 529 plans.
  • Expert knowledge of the Allstate Financial Services Product Shelf, especially regarding the annuity products we offer.
  • Ability to analyze the customer's personal information: risk tolerance, age, liquidity needs, investment experience, tax status, time horizon, investment objectives, financial situation, and other holdings.
  • Strong written communication skills; must ensure that a third party can readily determine the basis and reasoning of the acceptance or rejection of the transaction. Periodic reviews will determine accuracy and completeness.

Notes:

The preceding description is not designed to be a complete list of all duties and responsibilities. May be required to perform other related duties as assigned. Regular, predictable attendance is an essential function of this job.

Compensation offered for this role is $63,500.00-$108,500.00 per year and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.


Good Hands. Greater Together. ℠

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life - including a generous paid time off policy. For a full description of Allstate’s benefits, visit https://www.allstate.jobs/benefits/

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

#LI-KS1


Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.

For jobs in San Francisco, please click “here” for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click “here” for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.

To view the “EEO is the Law” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs

To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.

It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

Job Summary

JOB TYPE

Other

INDUSTRY

Insurance

SALARY

$45k-57k (estimate)

POST DATE

03/25/2024

EXPIRATION DATE

05/10/2024

WEBSITE

allstatenewsroom.com

HEADQUARTERS

DALLAS, GA

SIZE

50 - 100

FOUNDED

2001

TYPE

Private

CEO

CHARLES MILTON

REVENUE

$3B - $5B

INDUSTRY

Insurance

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