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Preferred Risk Insurance Jobs in Kentucky (NOW HIRING)

Fifth Third Bank

Preferred Team Manager

Louisville, KY · On-site

$140K/yr

... insurance products and services. Will collaborate with both Retail and Brokerage leadership to lead ... Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ...

Fifth Third

Preferred Team Manager

Louisville, KY · On-site

$140K/yr

... insurance products and services. Will collaborate with both Retail and Brokerage leadership to lead ... Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns ...

Lyon Healthcare

Regional Risk Nurse

Louisville, KY

Graduate of a state approved school of nursing with a bachelor's degree (BSN) preferred. * Active ... Benefit from a wide range of options, including dental, health, vision, and disability insurance.

HUB

Insurance Sales Producer

Paducah, KY

... risk management, life and health, employee benefits, investment and wealth management products and ... The preferred candidate is a team player with a great attitude, self-motivation, and the ability to ...

HUB

Insurance Sales Producer

Benton, KY

... risk management, life and health, employee benefits, investment and wealth management products and ... The preferred candidate is a team player with a great attitude, self-motivation, and the ability to ...

HUB

Insurance Sales Producer

Madisonville, KY

... risk management, life and health, employee benefits, investment and wealth management products and ... The preferred candidate is a team player with a great attitude, self-motivation, and the ability to ...

HUB

Insurance Sales Producer

Owensboro, KY

... risk management, life and health, employee benefits, investment and wealth management products and ... The preferred candidate is a team player with a great attitude, self-motivation, and the ability to ...

HUB

Insurance Sales Producer

Franklin, KY

... risk management, life and health, employee benefits, investment and wealth management products and ... The preferred candidate is a team player with a great attitude, self-motivation, and the ability to ...

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Preferred Risk Insurance information

What are the key skills and qualifications needed to thrive as a Preferred Risk Insurance Underwriter, and why are they important?

To thrive as a Preferred Risk Insurance Underwriter, you need a solid understanding of risk assessment, insurance policies, and underwriting principles, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and insurance regulations is crucial, and professional certifications like CPCU or AU are often preferred. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for evaluating applications and collaborating with agents or clients. These skills ensure accurate risk evaluation, profitable decision-making, and regulatory compliance within the insurance industry.

What are some common challenges faced by professionals working in Preferred Risk Insurance, and how can they effectively address them?

Professionals in Preferred Risk Insurance often face the challenge of accurately assessing and underwriting applicants who fall within favorable risk categories, while ensuring compliance with regulatory standards. Balancing competitive pricing with profitability is another key challenge, as is staying updated on evolving risk factors and industry trends. To address these issues, it's important to maintain strong analytical skills, foster clear communication with underwriting and sales teams, and regularly participate in training sessions or industry seminars. Collaboration with actuaries and claims specialists is also essential to ensure consistent risk evaluation and policy management.

What is Preferred Risk Insurance?

Preferred Risk Insurance refers to insurance policies offered to individuals or businesses that are considered low risk by insurance companies. These policyholders typically have a favorable claims history, good credit, and other positive risk factors, which can result in lower premiums and better coverage options. Preferred risk categories exist in various types of insurance, including auto, home, and life insurance, and are used by insurers to reward responsible customers. Being classified as a preferred risk can help you save money and access more comprehensive insurance products.

What is the difference between Preferred Risk Insurance vs Commercial Insurance Agent?

AspectPreferred Risk InsuranceCommercial Insurance Agent
CredentialsLicenses required, often with specific state certificationsSame licenses, may require additional certifications for commercial policies
Work EnvironmentPrimarily office-based, handling personal insurance policiesOffice and client meetings, handling business and commercial policies
Industry UsageUsed by insurance companies to classify low-risk clientsUsed by agents to sell various insurance products, including commercial policies

Preferred Risk Insurance typically refers to clients or policies with lower risk profiles, often handled by agents specializing in personal insurance. Commercial Insurance Agents focus on selling policies for businesses, which usually involve higher risks. While both roles require licensing and industry knowledge, Preferred Risk Insurance emphasizes low-risk personal policies, whereas Commercial Insurance Agents deal with business-related coverage.

What are popular job titles related to Preferred Risk Insurance jobs in Kentucky? For Preferred Risk Insurance jobs in Kentucky, the most frequently searched job titles are:
What job categories do people searching Preferred Risk Insurance jobs in Kentucky look for? The top searched job categories for Preferred Risk Insurance jobs in Kentucky are:
What cities in Kentucky are hiring for Preferred Risk Insurance jobs? Cities in Kentucky with the most Preferred Risk Insurance job openings:
Preferred Risk Insurance jobs near you
Preferred Team Manager

Preferred Team Manager

Fifth Third Bank

Louisville, KY • On-site

$140K/yr

Full-time

This job post has expired today. Applications are no longer accepted.

Fifth Third Bank rating

7.5

Company rating: 7.5 out of 10

Based on 109 frontline employees who took The Breakroom Quiz

88th of 142 rated banks

Job description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION: This leadership role will be responsible for driving consistent execution of the delivery of retail, securities and insurance products and services. Will collaborate with both Retail and Brokerage leadership to lead sales performance and education for licensed bankers. Responsible for adherence to regulatory and Bancorp policies, procedures and compliance within assigned territory.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Consistently coach assigned Preferred Relationship Managers/Advisors using consultative sales skills and appropriate tools to encourage teams to proactively identify the financial needs of customers or prospects and recommend the appropriate solutions to meet those needs.
  • Provide sales management direction, i.e., review strategy, best practices, training/coaching and production expectations to Retail Licensed Bankers within Fifth Third Securities to ensure performance levels are met.
  • Inspect pertinent documentation and reporting necessary to effectively manage the team including but not limited to household reports, financial center p/l's, financial needs assessments (FNA), credit queue's and all dashboards.
  • Develop and maintain collaborative relationships with Retail leadership teams and supporting business partners in order to achieve a holistic approach to assessing the financial needs of customers.
  • Facilitate educational updates and requirements for Licensed Bankers utilizing a variety of channels including seminars, conference calls, team meetings and classroom or virtual offerings to ensure bankers are well positioned to offer a variety of solutions to clients along with meeting performance objectives and requirements.
  • Manage the licensing process for the licensed banker candidates in the assigned territory in conjunction with the Manager of Bancorp Licensing Programs.
  • Participate in new licensed banker onboarding to include licensed banker orientation and required coursework completion
  • Maintains knowledge regarding Investment products distributed though out the Retail channel.
  • Responsible for all FTS supervisory duties within assigned territory

SUPERVISORY RESPONSIBILITIES: Position is part of the Series 24 principal management matrix with Series 24 principal supervisory responsibility of licensed bankers in an assigned territory. Direct supervision of Preferred Relationship Managers/Advisors in assigned territory. Provides employees timely, candid and constructive performance feedback; develop employees to their fullest potential and provide challenging opportunities that enhance employee career growth; develop appropriate talent pool to ensure adequate bench strength and succession planning; recognize and reward employees for accomplishments.
MINIMUM KNOWLEDGE & SKILLS REQUIRED:
  • College degree or equivalent experience required.
  • Series SIE, 7, 66, 24, and insurance licenses required.
  • Requires 7+ years' experience in a sales environment and financial industry.
  • Position requires in-depth knowledge of Retail and Brokerage policies and procedures in order to effectively lead and supervise the licensed banker population.
  • Requires strong verbal and written communications skills, excellent presentation skills, and strong PC skills.
  • Must be able to collaboratively work in a team environment with the ability to interact well, and in a positive manner, with subordinates, peers and upper management.
  • Work requires excellent organizational skills and the ability to multi-task and to be flexible.
  • This position requires SAFE Act registration at the time of employment through the Nationwide Mortgage Licensing System ("NMLS"). The NMLS web site (mortgage.nationwidelicensingsystem.org) provides the MU4R questions and registration required for employment in this position.
  • Pass consultative selling skills certification and complete ongoing educational requirements as prescribed
  • Ability to travel required.

#LI-JS1
Preferred Team Manager
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Louisville, Kentucky 40245
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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About Fifth Third Bank

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Fifth Third Bank, National Association established in 1858, is a diversified financial services company headquartered in Cincinnati, Ohio. Fifth Third is among the largest money managers in the Midwest. It operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Cincinnati, OH, US

Year founded

1858

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