How much does an Annuities Representative (New Business) make in Illinois? The average Annuities Representative (New Business) salary in Illinois is $48,113 as of March 26, 2024, but the range typically falls between $42,936 and $53,081. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Annuities Representative (New Business) Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Annuities Representative (New Business) Salary $38,223 IL March 26, 2024
25th Percentile Annuities Representative (New Business) Salary $42,936 IL March 26, 2024
50th Percentile Annuities Representative (New Business) Salary $48,113 IL March 26, 2024
75th Percentile Annuities Representative (New Business) Salary $53,081 IL March 26, 2024
90th Percentile Annuities Representative (New Business) Salary $57,605 IL March 26, 2024
25% $42,936 10% $38,223 90% $57,605 75% $53,081 $48,113 50%(Median) Didn’t find job title? Click
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What skills does an Annuities Representative (New Business) need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Inside Sales: Selling products or services remotely via phone, email, and other digital channels.

3.

B2B: B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C).

Customer Service 4.24%
Inside Sales 1.7%
B2B 2.39%
Others 91.67%

Job Description for Annuities Representative (New Business)

Annuities Representative (New Business) is responsible for the annuities application process. Assists applicants and checks forms for completeness and accuracy. Being an Annuities Representative (New Business) ensures compliance with all regulations and keeps abreast of any changes to laws and regulations which pertain to annuities applications. Reviews all fund transfers such as tax-free fund transfers, direct transfers and direct rollovers for completeness and compliance. Additionally, Annuities Representative (New Business) is responsible for responding to inquiries from clients, agents, financial institutions and internal departments. May require a bachelor's degree or its equivalent. Typically reports to a supervisor or manager. Requires National Association of Securities Dealers (NASD) license. The Annuities Representative (New Business) works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Annuities Representative (New Business) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Annuities Representative (New Business) in Illinois

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Location Avg. Salary Date Updated
Location Cicero, IL Avg. Salary $49,336 Date Updated March 26, 2024
Location Mount Prospect, IL Avg. Salary $49,148 Date Updated March 26, 2024
Location Abingdon, IL Avg. Salary $44,539 Date Updated March 26, 2024
Location Adair, IL Avg. Salary $44,962 Date Updated March 26, 2024
Location Addieville, IL Avg. Salary $45,668 Date Updated March 26, 2024
Location Addison, IL Avg. Salary $49,148 Date Updated March 26, 2024
Location Akin, IL Avg. Salary $44,304 Date Updated March 26, 2024
Location Albany, IL Avg. Salary $43,927 Date Updated March 26, 2024
Location Albers, IL Avg. Salary $45,668 Date Updated March 26, 2024
Location Albion, IL Avg. Salary $43,269 Date Updated March 26, 2024

Career Path for Annuities Representative (New Business)

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Annuities Representative (New Business), the upper level is Annuities Customer Service Representative and then progresses to Annuities Customer Service Supervisor.

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Annuities Representative (New Business) Salary in Illinois
Annuities Representative (New Business) Salary Graph, Regional Distribution and Summary