Risk Advisory Associate at Fifth Third Bancorp in Cincinnati, OH

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. ABOUT THE ROLE: The Risk Advisory Associate supports the delivery and administration of insurance and risk-management solutions within Strategic Client Advisory Solutions. The role provides case-management, policy-administration and analytical support to the Director and Senior Risk Advisory Consultant, helping move client needs from wealth strategy assessment through application, underwriting, policy delivery and ongoing service. The Associate coordinates documentation, policy exceptions, carrier and third-party activity, and workflow tracking so senior consultants can focus on client advice and complex solution design. The role also develops foundational risk-advisory expertise and may support defined client and advisor interactions under appropriate guidance. Please see below for specific responsibilities and requirements for this role. YOUR RESPONSIBILITIES: The responsibilities for this role are below; you may support projects of varying complexity based on skill and organizational priorities. · Case Management: Coordinate assigned insurance cases from intake through underwriting, issue and delivery; track requirements, deadlines, approvals and follow-up items. · Policy Administration: Prepare and process applications, policy changes, exception requests, service forms and related documentation accurately and within established standards. · Assessment Support: Gather client and policy information, organize existing coverage, prepare preliminary analyses and support the risk-assessment component of the wealth strategy process. · Illustrations and Proposals: Request and organize carrier illustrations, quotes and marketing summaries; support comparison materials and presentation preparation for consultant review. · Client and Advisor Service: Respond to routine inquiries, coordinate outstanding requirements and communicate case status to clients, advisors and internal partners within role authority. · Carrier and Third-Party Coordination: Work with carriers, underwriters, transfer companies and other providers to resolve requirements and support timely implementation. · Workflow and Records: Maintain accurate CRM, pipeline, electronic file and case-note information; ensure documentation is complete and readily available for review. · Policy Review Support: Assist with in-force policy data collection, annual reviews, premium tracking and identification of items requiring consultant attention. · Compliance and Controls: Follow licensing, privacy, documentation, suitability, escalation and operational requirements; promptly raise exceptions or concerns. · Team Capacity and Development: Provide flexible coverage across regions, contribute to process improvements and build technical knowledge through coaching, training and progressively complex assignments. · Other Duties: Performing other duties as assigned, adapting to new tasks or shifts in priorities as necessary to support your team's and the company's mission. MINIMUM REQUIREMENTS: · Bachelor’s degree or equivalent combination of education and experience. · Three or more years of insurance, wealth management, financial planning, banking operations or comparable client-service experience. · Appropriate state insurance licenses for Life, Health and Long-Term Care are required within the timeframe established by Fifth Third licensing guidelines. · Demonstrated ability to manage detailed workflows, documentation and multiple deadlines accurately. REQUIRED SKILLS: Qualified candidates will possess a working degree of proficiency, typically developed through three or more years of relevant experience, in: · Case and Workflow Coordination: Organizing multiple cases, requirements, deadlines and stakeholders through completion. · Documentation Accuracy: Preparing, reviewing and maintaining insurance and client docume