How to hire a new business coordinator

How to hire a new business coordinator, step by step

Here's a step-by-step new business coordinator hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a new business coordinator job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new new business coordinator
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   Before you post your new business coordinator job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a new business coordinator for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A new business coordinator's background is also an important factor in determining whether they'll be a good fit for the position. For example, new business coordinators from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list presents new business coordinator salaries for various positions.

   Type of New Business Coordinator	Description	Hourly rate
   New Business Coordinator		$8-40
   Operations Internship	Operations interns learn the management techniques on how to lead and supervise others. Interns usually gain experience by being an unpaid employee in the operational department... Show more	$12-20
   Contractor/Consultant	A contractor is a self-employed businessperson who agrees to work for a fixed price. His/her job involves the evaluation of clients' needs and actual performance of work... Show more	$27-59

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Data Entry
   • Customer Service
   • Underwriting Process
   • Life Insurance Policies
   • Business Development
   • Insurance Carriers
   • Inspection Reports
   • RFP
   • Business Process
   • Coordinators
   • Medical Exams
   • Business Applications
   • Term Care
   • Store Locations

   Check all skills

   Responsibilities:

   • Manage team negotiating rates with underwriters and oversee the entire RFP process by advancing sales leads -respond to questionnaires and proposals.
   • Manage and coordinate the workload of the release team members and are responsible for organizing and hosting all production release windows.
   • Present new attorney orientation PowerPoint and conference calls and answer all on-boarding questions.
   • Create PowerPoint decks for department presentations.
   • Support service-related duties and responsibilities as needed to include analyzing RFP materials and offering comparable plan designs.
   • Verify insurance, process payments and maintain patients records securely and handle in compliance with HIPPA privacy and security regulations.

3. Make a budget

   Including a salary range in your new business coordinator job description is one of the best ways to attract top talent. A new business coordinator can vary based on:

   • Location. For example, new business coordinators' average salary in south carolina is 60% less than in washington.
   • Seniority. Entry-level new business coordinators 80% less than senior-level new business coordinators.
   • Certifications. A new business coordinator with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a new business coordinator's salary.

   Average new business coordinator salary

   $39,003yearly

   $18.75 hourly rate

   ---

   Entry-level new business coordinator salary

   $17,000 yearly salary

   Updated December 20, 2025

4. Writing a new business coordinator job description

   A new business coordinator job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a new business coordinator job description:

   New business coordinator job description example

   • Communicating via phone and email with field partners to provide status and process or product information.
   • Reviewing application documents for completeness and accuracy and ordering necessary requirements.
   • Proactively following up on all requirements and tracking cases through their life cycle to ensure stated service standards are met.
   • Coordinating the issue and delivery of life insurance policies.
   • Exhibiting quick judgment, excellent organizational skills, accurate and detailed written and verbal communication in the work you complete.
   • Managing your own daily workload and exhibiting strong decision-making and flexibility when working on complex casework.
   • Developing a comprehensive knowledge of our products and processes, staying current on department and regulatory updates.
   • Performing other job-related duties and special projects as required.

   This position is also a great way to advance your career. As a growing company with over 16,000 employees around the world, Principal offers a lot of ways for you to learn more, earn more and achieve more.

   Qualifications

   • Bachelor's degree or equivalent work-related experience required.
   • Effective team player and a positive influence within the organization.
   • Strong computer skills, aptitude, and proficiency at keyboarding.
   • Exhibit positive relationship building with internal and external customers and be able to respond to difficult situations.
   • Prioritize work while maintaining service standards in the face of peak times and full workloads, and frequent interruptions.
   • Ability to multi-task in a fast-paced changing environment with high accuracy and within established turnaround times.
   • Ability to work professionally and diplomatically with very demanding and diverse distribution channels.
   • Participation in industry continuing education is strongly recommended (i.e. LOMA).

   Salary Range Information Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salary Range $33200 - $61200 / year Additional Information Hours

   Vacation time may be limited from the end of November through the beginning of January. This position may require mandated overtime during peak season.

   Work Authorization/Sponsorship

   At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.) For additional information around work authorization needs please use the following links: Nonimmigrant Workers and Green Card for Employment-Based Immigrants

   Investment Code of Ethics

   For Principal Global Investors positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

   Experience Principal

   While our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values, benefits and why we're an exceptional place to grow your career.

   Principal is an Equal Opportunity Employer

   All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

   #LI-Remote

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right new business coordinator for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your new business coordinator job on Zippia to find and recruit new business coordinator candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit new business coordinators, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new new business coordinator

   Once you've found the new business coordinator candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   Once that's done, you can draft an onboarding schedule for the new new business coordinator. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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