MassMutual Financial Group Institutional Life Insurance Consultant in Boston, Massachusetts
Since 1851, MassMutual’s commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We’re people helping people.
A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.
Together, we’re stronger.
Provide highest level of sales support and relationship management to assigned producer groups, brokers, and producers promoting sales of MassMutual's life products designed for employer and institutional markets including for most the important, challenging relationships and prospects.
Work independently and collaboratively as needed to achieve the annual sales and profitability goals established for the Institutional Insurance business line, including bank-owned life insurance (BOLI) and corporate-owned life insurance (COLI).
Serve as the primary MassMutual sales contact for assigned external BOLI and COLI brokers, consultants and producers, assisting them as needed to promote MassMutual as carrier of choice.
Position MassMutual institutional life insurance products optimally against competition, educating and assisting brokers to grow the sales pipeline and cultivate sales.
Demonstrate and apply expertise in the BOLI and COLI markets, product solutions, case designs, competition, underwriting, and applicable state and federal regulations.
Represent MassMutual and our Institutional Life solutions at producer, broker, and industry conferences and in the field, delivering presentations as required.
Build and manage relationships with producers and brokers to optimize sales opportunities and retention of in-force policies.
Demonstrate advanced expertise in the relevant market, products, and sales processes.
Working independently, manages pre-sale and sales processes with external distribution.
Consult with distribution on MassMutual’s products, reinsurance parameters and underwriting requirements and facilitate the underwriting process.
Demonstrate expertise in the state and federal regulatory requirements for employers applying for life insurance on their employees, including compliant insurable interest
Consult on or propose complex case designs and prepare sales quotes suited to producers’ and clients’ needs, consistent with MassMutual’s requirements and conforming to applicable state and federal compliance requirements.
Coordinate pre-sales application process and implementation of new sales with MassMutual's new business staff.
Identify issues and coordinate with legal, actuarial, underwriting and management as appropriate to resolve. Gather and share competitive intelligence. Support product development efforts.
May participate in special projects. Often acts as go-to expert for peers and colleagues on technical case design, product, market or sales matters.
Bachelor’s Degree required (preferably in financial or technical field)
Life insurance industry work experience in a sales support or field facing role
Demonstrable expertise in insurance products designed for institutional insurance markets, including financial performance metrics
Experience using life insurance illustration tools to develop case designs and prepare sales proposals
Demonstrated success in building relationships with life insurance producers, brokers and distribution firms
Strong analytical and quantitative analysis skills
Ability to travel up to 25% time
Authorized to work in the United States without sponsorship now or in the future
BOLI/COLI sales/support experience highly desirable
FINRA Series 6 and 63
Problem solving skills, critical thinking skills, attention to detail, quantitative reasoning skills
Motivation to achieve both individual results and team goals
Life Industry designations (e.g. CLU, ChFC, FLMI)
Minimum 4 years of experience in BOLI/COLI markets
Ranked No. 93 in the annual FORTUNE ® 500 Ranking (FORTUNE ® Magazine, June 2018) and recognized as a World’s Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
Focus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.
Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.
Value People: We respect and learn from each other’s diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.
Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.
Achieve Results: We focus on winning by exceeding expectations and getting better – everyone, every day.
For more information, visit www.massmutual.com or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
At MassMutual, we’re fostering an inclusive and dynamic environment where our employees are valued for who they are and can build successful careers. For us, diversity and inclusion is more than a goal, it’s the only way forward.
• 100% rating on the Human Rights Campaign Corporate Equality Index (2018)
• National Association for Female Executives Top Company for Executive Women (2018)
• Disability Equality Index® (DEI) Best Place to Work for Disability inclusion (2018)
• Working Mother Media 100 Best Company (2017)
• Military Friendly Employer (2018)