What are the responsibilities and job description for the Senior Director Field Financing position at Hispanic Technology Executive Council?
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Summary
Directs the Succession Loan Support Program (SLSP) which has provided more than $100 million of financing enabling advisors to transition their businesses within the NM Field and leads the SLSP team. Determines the strategic direction of the SLSP and applicable rules and policies. Responsible for evolving the SLSP to increase the programs impact while balancing financial risk to the policyholders. Leads the Field Loans team accountable for field loan administration, allowance programs, controls related to the Field loan portfolio and payment of special allowances.
Primary Duties and Responsibilities
- Responsible for development and implementation of the strategies, tools and resources associated with NMs Succession Loan Support Program for advisors
- Chairs the SLSP Exception Committee utilized to provide structure and cross departmental input to exception requests related to the SLSP.
- Owns the relationships with our banking partners in the SLSP (currently Live Oak, Bank of America and Wintrust).
- Collaborates with internal and external partners to provide expert guidance and industry-leading succession and transition solutions, addressing the unique needs of solo advisor practices, ensembles and sophisticated firms.
- Oversees the Field Financing program to include Field loans, allowance programs, and other financing-related programs while adhering to the divisions SLAs and accuracy targets. In addition to the teams primary production work, directs the teams other operational responsibilities including the reconciliation of commission-based accounts to the Companys general ledger, SNOS reporting, and the administration of internship programs.
- Responsible for the policies related to Field loans and for the technology used to administer these loans.
- Leads complex, enterprise-wide initiatives in support of transformation of NMs distribution system
Qualifications
Compensation Range : Pay Range - Start :
121,030.00
Pay Range - End : 224,770.00
Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please c lick here for additional information relating to location-based pay structures.
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Salary : $224,770
