State Street Global Advisors - Head of US Insurance, Managing Director - Boston Massachusetts

Company: STATE STREET CORPORATION
Location: Boston, Massachusetts
Posted On: 09/08/2024

State Street Global Advisors - Head of US Insurance, Managing DirectorState Street Global Advisors - Head of US Insurance, Managing DirectorWe are currently hiring for a leadership role in State Street Global Advisors. In this role as Managing Director, Head of US Insurance, you will be part of the Client Coverage Group (CCG). You will be responsible for developing and leading the strategy for our largest Insurance client relationships in the US, across General Account platforms. Reporting to the Head of Solutions Sales, you will develop, refine and execute the firm's strategy at our largest Insurance clients to successfully distribute SSGA's wide range of investment capabilities. Given your understanding of the industry, you will help to identify the future state of the insurance landscape and effectively prepare and position SSGA to meet future challenges and opportunities in the insurance segment. You will be responsible for executing a sales and client retention strategy that aligns State Street's commercial objectives with our clients' needs. This requires promoting the State Street Global Advisors value proposition and building our presence, visibility and revenue.You should possess deep knowledge of the market, strong investment acumen and proven experience building a sales team and strategy while driving strategic initiatives in the insurance client base. You should bring consultative relationships with key industry leaders and interface with them as peers. In a highly competitive market, you will deepen SSGA client relationships in the Insurance segment and assist in identifying opportunities for other parts of State Street within your client base. The position is preferred to be based in Boston, MA or Stamford, CT.As the Head of Insurance:

• You will help to shape SSGA's strategy by thinking holistically about the industry ecosystem, focusing on client needs, the competitive landscape and regulatory trends.
• You will bring industry credibility with senior leadership of tier one firms and other centers of influence.
• You will understand client firm strategies while effectively communicating the SSGA strategy.
• You will foster strong relationships with senior and executive management for the largest, most complex client organizations in your segment.
• You will utilize market expertise to position SSGA products and services successfully. You will represent SSGA well as a senior member of the team in the industry.
• You will build a vision/business plan and execute on an Insurance distribution strategy. You will create and implement a strategic sales plan to increase assets under management and use of SSGA products.
• You will ensure your direct reports understand and carry out the strategy and that the Salesforce CRM is used as a tool to effectively communicate your teams progress.
• You will lead the team of Insurance Salespeople to design bespoke goals and strategies for each firm, segment (i.e. Life and Health) and individual relationship manager, including: targeting product sales in areas where the business is focusing and client needs.
• You will identify and drive major growth opportunities for the field sales team such as states with new opportunities due to regulatory changes or product gaps that SSGA can fill.
• You will improve the service model for sales activity based on deep expertise of the market, competitive and regulatory considerations.
• You will partner effectively across the organization. You will listen, influence and collaborate with key partners. You will navigate complex organizational situations to build a common understanding and align on the path to improve the end-to-end client experience and outcomes. You will build strong, collaborative relationships with peers within other SSGA teams.
• You will lead and develop diverse talent. You will bring a track record of identifying, attracting, developing and retaining diverse talent across the broader organization. You will help build and represent SSGA's culture.
• You will monitor and communicate progress towards sales targets. You will drive the team to achieve sales and retention goals through targeted activities.
• You will deliver risk excellence and comply with the sales supervision culture that demonstrates and promotes the highest ethical standards.Education & Preferred Qualifications:
  • Bachelor's degree required
  • Series 24, 7 and 63 licensed
  • Minimum 15 years of experience in the investment management industry including 10 years in senior level roles in insurance asset management and/or the insurance industry ecosystem.
  • Sophisticated understanding of insurance company needs across balance sheet and annuity platforms with a demonstrated track record of success in both segments.
  • Experience in ETF sales, products and ecosystem
  • Executive leadership skills - a collaborator and influencer who inspires trust in others and influences across an organization; a leader who can make others around them successful
  • Strategic and forward looking mindset. Ability to identify key industry trends and advise how SSGA can enhance its footprint in the insurance asset management space.
  • Demonstrated track record of successfully navigating complex organizations, both internally and externally with clients, and marshalling resources to complete strategic business initiatives
  • Strong enterprise selling skills. Ability to align key client initiatives with SSGA's value proposition.
  • Data driven - understands how to use data and analytics to optimize distribution strategy and client experience.
  • Extraordinary verbal and written communication and sales presentation skills.
  • Track record of driving results and closing complex deals.
  • Demonstrates integrity, high energy and motivation to succeed.
  • Investment industry designations such as Chartered Financial Analyst (CFA) or Certified Investment Management Analyst (CIMA) a plus but not required.Are you the right candidate? Yes!We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfill all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.About State Street Global Advisors:What We Do: As the asset management arm of State Street Corporation, State Street Global Advisors has served the world's governments, institutions and financial advisors for over four decades. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become one of the world's largest asset managers with trillions of dollars under our care.Our Mission: At State Street Global Advisors our mission is to invest responsibly to enable economic prosperity and social progress. We are driven by a desire to help our clients, and those who rely on them, achieve a better future. We have a long history of developing innovative investment strategies to provide our clients with reliable and transparent returns, cost-effectively, and without excessive risk.Work, Live and Grow: We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to Flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.Inclusion, Diversity and Social Responsibility: We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.State Street is an equal opportunity and affirmative action employer.Salary Range: $175,000 - $287,500 Annual. The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
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