Alliance Relationship Management Lead Analyst - Annuities in Bloomington, Illinois at State Farm Mutual Automobile Insurance Company

Location US-IL-Bloomington;US-GA-Dunwoody;US-TX-Richardson;US-AZ-Tempe
Job Category Corporate and Business Development
Position Type Regular Full Time
Req ID 44047
Overview

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!

Responsibilities

• This position will be responsible for leading day-to-day activities and strategic direction of an alliance relationship.
• Leverage alliance subject matter expertise and alliance performance metrics to perform analysis and contribute to strategic insights for the alliance.
• Serve as central point of contact for the support of the alliance including identification and inclusion of State Farm stakeholders and representing State Farm perspective and needs with the alliance partner.
• Build and execute against the strategic business plan.

Additional Responsibilities:

• Responsible for relationship management activities including ongoing planning, monitoring, and reporting for the alliance.
• Leverage performance insights, product line strategy, and alliance learnings in developing and executing alliance strategy.
• Serves as the primary point of contact for both internal and external partners for the alliance.
• Assessment of alliance contracts for compliance, and negotiation of terms and settlement of issues.
• Participates in key aspects of M&A business and due diligence, deal structuring and negotiating, and the internal transaction approval process.
• Prepares and delivers reports and presentations to stakeholder audiences including agents, field leadership, and senior leadership.
• Analyzes operational, financial, and performance trends to develop and present recommendations.

Qualifications

• 8-10 years' experience in investment financial services back office with annuities and life insurance product knowledge and product launch experience
• Experience navigating projects and initiatives with multiple stakeholder groups.
• Experience leading projects including creation and execution of deliverables.
• Ability to create and execute a business plan and assess performance of the plan.
• Experience with Microsoft PowerPoint, Word, and Excel.
• Outstanding verbal and written communication skills.
• Ability/desire to work in a fast-paced and constantly evolving environment.
• Prior Life Insurance or Investment product experience required
• Experience with a product launch required
• Desired Education / Certifications:
  • Bachelors Degree in related field preferred
  • FINRA Securities, Series 63, 65 License or ChFC certification, a plus, not required

Our Benefits

Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!

• Potential starting salary range: $97,000 - $123,000
• Starting salary will be based on skills, background, and experience
• High end of the range limited to applicants with significant relevant experience
• Potential yearly incentive pay up to 10% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!