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Account Executive

Company: GPAC
Location: Bridgeport
Posted on: May 3, 2021

Job Description:

Account Executive (Commercial Insurance)

Job Description:
Responsible for servicing and marketing the needs of clients to maximize company revenue, and to build and maintain client, carrier, other provider, and associate relationships. Coordinate all resources to provide quality client service.
Understand and perform marketing and account services to provide the broadest and most competitive quality product for clients
Understand the overall business, operations, and real estate client needs of the client; anticipate when and how to respond
Understand and is well-informed on insurance industry developments and all products available in the insurance marketplace
Develop and maintain dependable working relationships with carriers and other providers
Coordinate marketing strategies and selection for new and renewal business, and maintain communication with the account team during the entire marketing process to protect current business and secure new business
Build and maintain effective relationships with clients to provide the best possible service on a timely basis. Demonstrate the ability to instill confidence and comfort with the client
Coordinate the renewal of current client business:
provide renewal notice to Producer and set up renewal meeting 120 days prior
complete exposure checklist;

  • create and update coverage specifications;
    deliver submission to markets;
    review quotes and prepare proposal;
    arrange and perform renewal presentation to client;
    bind coverage with underwriters prior to expiration;
    prepare instructions for renewal to company;
    process renewal account with assistance of the Account Administrator and Account Manager;
    review work prepared by the Account Administrator and Account Manager;
    prepare summaries, complete final policy checks, close items to discuss in proposal mailing, or deliver policies to client
    Undertake responsibility for new business as directed
    Respond to and fulfill the requirements generated by the Renewal Assistance Program (RAP) report; update the RAP Report when a task is completed
    May assist collection supervisor and Producer in collection efforts.
    Responsible for the development, implementation, and monitoring of client service plans
    Responsible for the preparation and delivery of stewardship reports
    Process policy endorsements with the assistance of the Account Administrator and Account Manager
    Perform tasks not assigned to the Account Administrator or Account Manager
    Arrange for loss run schedules for clients, when appropriate
    Prepare written correspondence, reports, and analyses, as needed
    Analyze situations, identify problems, recommend solutions, and evaluate outcomes
    Respond in a timely manner to the requests and needs of clients and other associates
    Make a positive contribution to customer satisfaction and constantly strive to improve service to the customer
    Communicate in a positive manner to contribute to a cohesive, pleasant work environment. Motivate, instruct, and promote teamwork and associate development
    Keep abreast of market conditions and new products
    Make decisions in compliance with established agency standards of quality performance and service
    Understand when to proceed alone and when to involve the Producer or others

Bachelors degree in a business-related program preferred or equivalent education and/or experience required
A minimum of 7 years working knowledge of commercial property and casualty coverages and services required, real estate experience: condos, multi-family homes, etc.
A minimum of 5 years experience marketing and servicing the insurance needs of commercial accounts required
Current insurance license or the ability to obtain immediately required.
Must have a complete understanding of the concepts, issues, and overall impact of marketing and pricing
Willingness to expand knowledge and effectiveness in the insurance industry by successful completion of extended insurance education beyond continuing education requirements for licensing
Proficiency in the use of Microsoft Word and Excel required; PowerPoint preferred
Ability to compile, analyze, and interpret financial information and data to facilitate decision making
Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required. Must be results-oriented with the ability to change priorities as needed
Must have strong verbal, written, and interpersonal skills to interact with associates at all levels of responsibility, along with the ability to communicate with tact and diplomacy
Demonstrated professional, tactful negotiation and persuasion skills to achieve objectives
Demonstrated ability to instill confidence and comfort with clients.
Legally able to work in the United States

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.

GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States for the past 31 years. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.

Keywords: GPAC, Bridgeport , Account Executive, Other , Bridgeport, Connecticut

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