Annuities Retention Specialist coordinates with service representatives and clients to assist with retaining the client's annuity business. Provides knowledge and expertise to clients in order to meet their financial goals and to clearly understand various options that are available with annuities. Being an Annuities Retention Specialist reviews surrender requests and contacts clients to re-engage and identify opportunities for additional sales. Makes recommendations to product line management to improve service and design of products that encourage client retention. Additionally, Annuities Retention Specialist requires a bachelor's degree. Typically reports to a manager. The Annuities Retention Specialist contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be an Annuities Retention Specialist typically requires 4 to 7 years of related experience. (Copyright 2024 Salary.com)
Description
Summary
Provide accurate and timely technical information, advice, and assistance regarding the organization's product and services.
Respond to inquiries from clients; understand their technical questions, assess their needs, and suggests or promote solutions that may include alternative products or services.
Undertake research and develop proposal to new solutions to solve technical problems and follow-up on the status of outstanding issues.
Use databases or other computerized systems to maintain up-to-date documentation.
Duties
Responsible for client relationship cultivation and retention, inspiring confidence through demonstrated expertise and meeting ongoing client needs
Collaborate with strategic partners to identify at-risk accounts and execute mutually-agreeable strategies to retain / grow relationships
Responsible for achieving set retention metrics ensuring the profitability of accounts within the defined portfolio
Interprets competitor statements / quotes and performs rate analysis. Negotiates directly with clients using consultative conversation to retain account and maximize revenue potential
Responds quickly and effectively to all requests for account review, rate analysis, product information, account terminations, etc.
whether from internal or external customers
Stays current on Heartland products, services and important industry changes in order to assign appropriate solutions to client requests
Identifies product offerings for existing clients
Places proactive outreach to newly assigned accounts to establish a relationship
Answers inbound calls from merchants and resolves inquiry.
Manages and resolves client complaints, providing excellent service and follow-up
Ensures alignment with sales or service teams to ensure merchant satisfaction
Identifies triggers for attrition and can represent the current status of attrition in the defined portfolio to leadership.
Recommends solutions to clients, teammates and leadership
Maintains compliance standards for Salesforce records and detailed documentation of client status and interactions
Display a commitment to receive necessary coaching for continuous improvement and team development
Job Requirements
Education / Certification
Bachelor’s degree in business or a related field, or equivalent operational, retention, or account management experience
Experience Required
At least 3 years related operational, retention, or account management experience
Has experience meeting sales goals with defined metrics and a proven track record of success.
Management experiences a plus
Skills / Abilities :
Highly effective interpersonal, relationship management, and both verbal and written communication skills
Strong business, analytics and technical aptitude
Above average execution of consultative selling techniques and negotiation
Critical thinking and problem solving
Account management skills with proven ability to build and manage internal and external relationships
Excellent organizational and time management skills in a high energy environment to manage multiple priorities
Displays empathy, adaptability, and a mindset of continuous improvement Willingness to work independently or collaborate with a team
Diversity and EEO Statements
Heartland is an organization that stands against racism, intolerance and injustice in all its forms one that respects, honors and celebrates the diversity of our team members and the differences among us.
Our commitment to fostering a company culture that values and respects Inclusion and Diversity is steadfast. Standing together as one company, we will continue to work to drive positive change for the communities in which we live and work and stamp out injustice.
Heartland is an equal opportunity employer.
Those applicants requiring reasonable accommodation to the application and / or interview process should notify a representative of the Human Resources Department.
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Last updated : 2024-05-21