Account Executive III - Construction & Infrastructure

About the role

Aon is seeking an Account Executive III in New York City or Boston to join their Construction Services Group. This role requires 10+ years of commercial insurance experience, particularly in Construction, and a commitment to ongoing learning and professional development.

Responsibilities

• Collaborates with senior unit members to develop coverage strategy and marketing initiatives for renewal and prospective business
• Accurately and timely responds to client requests and inquiries
• Prepares new business and renewal and keeps them up to date
• Analyzes client specific risk exposure and details coverage requirements; prepares and presents marketing proposals for renewals and new business
• Establishes and maintains positive relationships with the underwriting community, especially key partner markets
• Processes, and/or issues where applicable, new policies and policy renewals, changes, additions, deletions and cancellations
• Reviews and proofreads all assignments, acquires accurate signatures and dispenses as appropriate
• Calculates adjustments and premiums on policies and other insurance and provider documents
• Leads, measures and reports on ongoing insurance or risk retention programs
• Handles daily tasks and key assignments with appropriate technology tools

Requirements

• Bachelor’s degree in or equivalent years of industry experience
• A Property and Casualty Brokers License is required, or must be obtained within 120 days of hire if not already active

Qualifications

• Thorough analysis of current risk transfer programs, such as coverage and cost analysis and graphical representations of the program
• Insurance program structure planning and design of alternatives based on client objectives
• Prepare marketplace insurance submissions, coordinate, and assist in market meetings and negotiations, as appropriate
• Finalize all risk transfer quotes and complete a thorough comparison of program options as part of the client proposal presentation. Comparison to include changes in exposure, losses, coverage terms and conditions and cost of risk
• Contract Review
• Responsible for ensuring proper client service
• Policy and other related document checking
• Invoicing and other transactional duties
• Review and clearing audits and adjustments
• Claims review and analysis
• Assist team as needed, ie: special projects, daily backup

Skills

• Commercial insurance experience, preference for those experienced in Construction
• Commitment to ongoing learning and professional development including insurance courses/certifications/designations

Benefits

• Comprehensive benefits package including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions.

Pay

The salary range for this position (intended for U.S. applicants) is $170,000 to $250,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.

Schedule

This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.