Mutual Funds & Registered Annuities Principal Trainee

Mutual Funds and Registered Annuities Principal Trainee

Join MWA Financial Services, Inc., a registered broker/dealer, investment adviser and wholly-owned subsidiary of Modern Woodmen of America, as a Mutual Funds and Registered Annuities Principal Trainee and become an essential part of our commitment to compliance and member service. Once licensed, you will review all Series 6 applications—including mutual funds and registered annuities transactions—ensuring each meets the best interest and suitability standards required by the SEC, FINRA, and other regulatory bodies. You will provide final sign-off as Principal, deliver education and training to Registered Representatives on our products, and serve as a knowledgeable call center resource for both Registered Representatives and members, supporting their success.

Modern Woodmen of America is one of the nation’s largest fraternal benefit societies, with over $18 billion assets. Fraternals are unique membership organizations that pair the “member-owned” characteristic of a mutual insurance company with the “social mission” characteristic of a service organization. They unite individuals with common bonds, provide a variety of life insurance and investment products, and form one of the nation’s most effective volunteer networks.

Responsibilities:

• Process Principal Series 6 applications (mutual fund and registered annuities) daily and follow up on all pending applications that require further paperwork and/or documentation updating computer systems and records as required.
• Provide support for representatives and members including taking calls, mailing/faxing forms, researching questions/concerns.
• Assist Registered Representatives, members, and clients with questions concerning suitability, regulatory processes, and procedures.
• Assist in developing, maintaining, and updating MWAFS Operations Section Procedures.

What we need:

• Bachelor’s degree. Experience with investment products preferred.
• Ability to pass FINRA Series SIE, 6 and 26 within 180 days of hire, and 51 within one year of hire. We provide time to study during work hours to help you achieve this goal. Work towards FLMI designation.
• Clean securities background.
• Strong communication, analytical, organizational, and collaboration abilities.
• Detail-oriented, adaptable, and able to work across all U.S. jurisdictions.
• Proficiency in Microsoft Office, Teams, and Zoom.

What we offer:

• Pay: The hourly pay for this position is $23.75. The specific rate will depend on the successful candidate’s qualifications and prior experience.
• Work Arrangements: This is a full-time hybrid, hourly position: 37.5 hours per week (7.5 hours per day), Monday- Friday, with flexible start time between 7 a.m.-9 a.m. Hybrid positions work at least three days in office and the remaining days each week working from hom Employees beginning to work in a new hybrid role will be asked to work on-site (five days a week) during the initial training period which may be up to one year. Hybrid work arrangements are subject to change at any time based on business needs and company policy.
• Stability: Modern Woodmen has been Modern Since 1883® and exists for our members. We make long-term decisions that provide stability for our employees, financial representatives, and members.
• Respect for personal time: We offer vacation, sick leave and 11 paid holidays. We value your time outside of work and offer careers that blend work and life well.
•  Professional growth: Benefit from our commitment to employee development which includes educational offerings to enhance your knowledge of our industry.
• Great culture: We build strong working relationships across our organization through collaborative work and volunteer opportunities.
• A beautiful office: Enjoy a beautiful view! Our home office, located in downtown Rock Island, IL, has a lovely plaza overlooking the Mississippi River.
• On-site Café: Our employees can purchase a variety of breakfast, lunch, and beverage options at Café 1883.
• A thriving local community: Not from the Quad Cities and hesitant to consider relocation? Give it some thought. The Quad Cities offers an idyllic Midwestern lifestyle along the mighty Mississippi and consistently ranks at the top of the list for quality of life and cost of living. It is home to more than our share of artists, festivals, and fun in every season.
• Exceptional benefits: Our comprehensive benefits package is designed to support your health and financial well-being. Benefits include:
  • Company-paid retirement plan
  • Matching 401(k) plan
  • Employee Impact Bonus
  • Medical, Dental and Prescription Drug Insurance. We pay 100% of employees’ health insurance premiums and 50% of employee dependents’ premiums.
  • Group term life insurance.
  • Long-term and short-term disability.
  • Voluntary benefits: vision, flexible savings accounts (FSA), accident insurance

Modern Woodmen is an equal opportunity employer. Modern Woodmen is committed to providing a respectful environment where each person’s diverse opinions, attitudes, attributes, and feelings are respected.