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4 days old

Agency Contracting Administrator

Oklahoma City, OK
  • Job Code
Job Title: Agency Contracting Administrator
Company: Midfirst Bank
Jobid: 10467
Job Type:
Location: Oklahoma City, OK 73101


Position Description:

LifeShield National Insurance Co is seeking an experienced and motivated Agency Contracting Administrator to work from our office in Oklahoma City. As a member of our team, you will be working to drive profit and growth by helping to manage the contracting of agents to sell LifeShield products and develop best practices for appointing and renewals with state insurance departments. Your experience in managing this process across several distribution channels will give you expertise to perform and measure the value of the business, agent relationships, and how to maximize that value over time. The ideal candidate will be experienced in the day to day functioning of licensing, appointments, agent and agency needs, challenges, and demands or requirements for those products, and the ability to nurture strong working relationships with peers in marketing, sales, operations, compliance, accounting, underwriting, and IT. You will provide analysis to management to support business decision-making and strategy, drawing on your experience. The successful applicant will appreciate the challenges to develop valued and trusted business relationships with our producers, while defining and improving processes in a growing and dynamic environment.

Core Responsibilities Include:
Ensure proper contracting procedures are in place for new business appointments
Prepare and submit agent/agency applications to state insurance departments for new business and renewals
Monitor contractual requirements of agents for continuing education and E&O
Evaluate production requirements for agents and maintain production databases
Establish benchmarks for licensing volumes by product
Manage the appointment renewals to maximize value
Process agent hierarchy changes and communicate with distribution
Streamline the appointment process to reduce inefficiencies

Additional Duties Include:
Conduct audits for MGA and program administrators and provide regulatory guidance to distribution
Provide an agent or agency perspective for product design, premium rate development, application forms, and product fulfilment or support
Drive and support the building of reports, including complete production analyses by business segment/line/distribution of business and state.
Support development & implementation of data & information strategies, working collaboratively with other stakeholders.

With $80 million in assets, LNIC is one of the nation's most dynamic and rapidly growing insurers. The Midland Group family of companies includes MidFirst Bank, which specializes in banking and mortgage servicing, and LifeShield focusing on life and supplemental accident and health insurance products for individuals, families, businesses and associations.

Position Requirements:

Position Qualifications:
At least four years of life, accident and health agent appointment experience
Verifiable and quantifiable history of the desire to stay current on trends in the agent and agency appointment space and help translate those trends into actionable strategic and tactical objectives for the company
Experience with both individual and group products preferred
Experience with licensing and appointment systems, such as BIG, No More Forms, VECTOR, etc.
Demonstrated track record of analytical leadership.
Experience managing staff a plus

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

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Job ID:10467

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Agency Contracting Administrator

MidFirst Bank
Oklahoma City, OK

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