BOLI Account Manager

Who We Are

Newport helps companies 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.

Job Summary: The BOLI Account Manager plays an integral role in planning, developing, delivering and servicing of clients’ bank owned life insurance plans by providing accurate, relevant and timely monthly, quarterly, annual and ad hoc reporting, working within the limits of established policies.

What You Will Do:

• Develops and maintains full understanding of day to day workflow processes required for assigned client plans
• Collects all pertinent data from requisite sources, maintains knowledge of BOLI administration system and functions
• Assists in the implementation and ongoing maintenance and application of regulatory requirements for BOLI
• Researches and resolves any issues concerning reports, investments, plan provisions and specific transactional activities
• Provides information and support to the Service Team as needed to manage client accounts
• Participates in setting department standards, processes and procedures
• Makes recommendations to ensure regulatory compliance issues are met
• Contributes to development of reports, materials and administrative standards for clients, and assists to implement changes as directed by supervisory personnel
• Prepares, reviews and delivers all plan periodic, regulatory and ad-hoc reporting
• Performs quality control checks, reports to supervisor on client satisfaction, and any other items necessary to assure customer loyalty
• Supports all administrative activities as needed for assigned client accounts
• Assists in facilitation of communication between the different business lines represented in Newport’s client service team for all assigned clients, including benefit plan administration, accounting services, legal, etc.

Required Education, Experience and Certificates, Licenses, Registrations

• Bachelor’s degree from an accredited university
• 3-5 years of total experience within the banking or insurance industry or equivalent combination of education and experience
• In-depth knowledge of accounting principles required
• Insurance license or ability to obtain within 6 months

Preferred (but not required):

• Series 6 license

Competencies

· Analytical

• Commitment to Excellence

• Detail oriented

• Independent

• Problem solver

• Time Management

• Collaboration

• Verbal and Written Communication

• Accuracy

EQUAL OPPORTUNITY EMPLOYER

Newport offers for employment are conditioned upon satisfactory completion of our employment screening process (including, but not limited to, a review of past employment and education records, background investigation, and/or credit check and fingerprints.)

Newport unequivocally rejects racism and discrimination of any kind and fosters an environment of belonging to provide access and opportunity for all. As an Equal Opportunity Employer we do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identify, gender expression, national origin, age, non-disqualifying physical or mental disability, veteran status, or any other basis covered by applicable law. All employment is decided on the basis of qualifications, merit, and business need.