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FFS Senior Supervisory Principal

29089

We are Farmers!

We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers. 

 

Farmers is an award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture!  To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok. 

 

Workplace:  Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote )

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Job Summary

The core function of the Farmers Financial Services (FFS) Senior Supervisory Principal is conducting pre-sale suitability and best interest review of securities business. The Senior Supervisory Principal is responsible for the day-to-day review of business submitted by registered representatives - which includes account recommendations, insurance and annuity recommendations, investment switches, and subsequent transactions - while maintaining current service level agreements. The Senior Supervisory Principal has full autonomy to approve and accept business on behalf of FFS within the firms guidelines mandated by FFS, FINRA, and various state and federal agencies.

What You'll Do

  • Provide Principal review and approval on variety of business types, including mutual funds, annuities, variable life insurance, 529 plans, and brokerage transactions.
  • Review and accept new accounts using a complete, prompt, and accurate review of a customers profile to include their risk tolerance, investment objectives, tax status and other facts and circumstances to determine best interest and suitability of recommendations that could include insurance, annuities, mutual funds, and other
    securities products.
  • Enter the transaction into the FFS books and records system to facilitate commission payments and reporting. Ensure data quality for transactions in the firms books and records system.
  • Daily review of annuity applications, which may include replacements and 1035 exchanges.
  • Act as a backup and proxy for the Supervisory Principal Manager by providing an escalation point for agents and resolve the matters requiring supervisory review.
  • Identify and recommend ideas for process and procedure improvements.
  • Maintain quality service by enforcing quality and customer service standards, analyzing and resolving quality and customer service problems, identifying trends, and recommending system improvements.
  • Work with the compliance department to address regulatory concerns. Escalate items to the leadership as needed.
  • Other duties as assigned, including other supervisory and operations functions.

Education You'll Need

  • High School Diploma or equivalent required.
  • Bachelors degree preferred.
  • Other: FINRA Series 6 or 7 or 63 or 66.
  • Upon Hire: FINRA Series 24 or 26.
  • Upon Hire: FINRA Series 51 or 53.
  • Upon Hire: State insurance license.
  • Upon Hire Additional FINRA licenses may be required in the future depending on business need.

What You'll Bring

  • Three years as a FFS Supervisory Principal or minimum four years experience within the insurance, financial, or banking industry.

Additional Qualification's

  • Possesses strong technical aptitude. Strong PC skills.
  • Demonstrates a high level of accuracy, even under pressure.
  • Experience in a regulated environment.
  • Ability to identify regulatory and compliance issues.
  • Demonstrated problem solving skills.
  • Demonstrated customer service skills.
  • Ability to simultaneously handle multiple priorities.
  • Demonstrates excellent judgment and decision making skills.
  • Ability to make regulatory and supervisory-based decisions and escalate concerns.
  • Strong verbal communication and listening skills.

Physical Actions

Job is performed in-person at a Farmers office or virtually at an approved alternative work location. The physical work environment is indoors and climate-controlled with adequate lighting and ventilation. Normal and customary distractions include background noise produced by office equipment and chatter among people, as well as interruptions. Frequently sits for prolonged periods of time, up to a full shift. Occasionally moves about the workplace including, navigating stairs, ramps, and level or uneven surfaces. Occasionally moves, pushes, pulls, lifts, carries, and/or places objects or materials weighing up to 25 pounds without assistance. Frequently uses shoulders, arms, hands, and fingers to manipulate equipment, tools, and objects necessary to perform job duties. Frequently performs fine motor tasks such as typing, mousing, or writing, up to a full shift. Rarely performs movements such as bending, stooping, crouching, kneeling, twisting, and reaching overhead or below the knees. Possesses clear vision, with or without correction, to visually read and verify information. Relies on depth perception and peripheral vision to navigate the work environment visually by identifying barriers, changes in terrain and locating objects. Possesses adequate hearing, with or without correction, to communicate with co-workers, respond promptly to auditory signals or alarms, and discern sounds essential for maintaining safety and productivity in the workplace. Jobs in this category require rare, if any, travel.

Physical Environment

This position operates in an open office working environment which will include normal and customary distractions, noise, and interruptions.

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $84,640 - $134,530
    o CO Only: $79,360 - $116,380 
    o HI/IL/MN/VT Only: $79,360 - $124,300
    o MA Only: $79,360 - $124,300 
  • o MD Only: $79,360 - $124,300
    o NY/DC/NJ Only: $79,360 - $134,530 
             o Albany County: $84,640 - $116,380 
    o WA Only:  $79,360 - $141,250 
  • Bonus Opportunity (based on Company and Individual Performance)
  • 401(k)
  • Medical
  • Dental
  • Vision
  • Health Savings and Flexible Spending Accounts
  • Life Insurance
  • Paid Time Off
  • Paid Parental Leave
  • Tuition Assistance
  • For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

 

Job Location(s): R_US - United States

 

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

 

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law.  Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

 

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws. 

 

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

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