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Financial Services Principal
Job Opportunity at
Posted on Aug 4
Agoura Hills, CA
Our Client is one the country’s largest insurers of vehicles, homes and small businesses and provides a wide range of other insurance and financial services products. It serves more than 10 million households and more than 20 million individual policies across all 50 states through the efforts of over 50,000 exclusive and independent agents and nearly 24,000 employees.
Great benefits including Retirement Plan, 401(k), STIP (Short Term Incentive Plan, Medical Coverage, Wellness Program, Dental, Vision, Tax-advantaged accounts, Life Insurance, EAP, PTO, short and long-term disability coverage. In addition to these benefits our Client also provides paid holidays, tuition assistance, on-site Credit Union in most larger locations, commuter benefits, relocation services, employee discounts, legal services plan and much more.
The Position: Financial Services Principal
Reviews less complex new account applications and transactions to assess compliance with our Client’s policies and regulations.
Essential Job Functions:
Determine if the proper Client and sponsor forms were submitted in accordance with Client policy.
Analyzes less complex new account and first transaction paperwork to determine if the account and transaction are suitable for the client based upon factors such as the client’s income, net worth, objectives, risk tolerance, etc.
Less complex transactions are those involving less than $500,000 of investment in a transaction.
Determine whether transactions entail compliance violations including (but not limited to): inappropriate churning, mutual fund switches, below breakpoint sales, rollovers/replacements and qualified account sales.
Ensure payments for security transactions are in accordance to policy (i.e. our Client cannot have custody of funds, no Agency checks, proper payees, etc.)
Make the final determination for our Client regarding whether or not the account and security transaction will be accepted by our Client; sign New Account Form as the registered principal.
Forward sponsor forms to applicable sponsor and ensure proper and timely receipt. Enter the New Account and transaction into the our Client’s system of record to facilitate commission payments and reporting.
Follow-up with Agents and District Managers on deficient paperwork and suitability concerns, which may include phone calls, returning the business to agents, generating letters to agents etc.; review various management and exception reports to help ensure timely receipt of account documentation.
Analyze and resolve issues noted on FFS exception reports. Performs other duties as assigned.
Four-year college degree.
Must have completed or will complete within sixty days of hire NASD Series 6, 26, 51 and 63 registrations. Other qualifying examinations may also include NASD Series 7 instead of the Series 6, NASD Series 24 instead of the Series 26, Series 53 instead of Series 51, and the Series 66 instead of the Series 63. (
Please be advised that our Client is a limited broker- dealer as such only the Series 63 portion of the Series 66 will be registered
Prefer experience in the life insurance and/or securities industry OR experience with a securities regulatory agency.
Candidates must be either US Citizens or possess a Green Card
Special Skill Requirement:
Use of Microsoft Office products, 10 key and typing.
1-5 years’ experience in life insurance and/or securities industry and/or experience with a securities regulatory agency
Broker Dealer Operations in a financial services firm preferred
Must already have NASD Series 6, 26, 51 & 63 registrations
NASD 7, 24, 53 & 66 may be substituted for the above
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