Account Executive III, Construction & Infrastructure
About the role
Aon is seeking an Account Executive III in New York, NY. This role is for individuals with 10+ years of commercial insurance experience, particularly in Construction, who are committed to ongoing learning and professional development.
Responsibilities
- Collaborates with 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
- 10+ years of commercial insurance experience, preference for those experienced in Construction
- Commitment to ongoing learning and professional development including insurance courses/certifications/designations
- 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
- Aid team as needed, ie: special projects, daily backup
Qualifications
- Bachelor’s degree 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
Skills
- Commercial Insurance Experience
- Construction Industry Knowledge
- Insurance Program Planning and Design
- Marketplace Insurance Submissions
- Client Relationship Management
- Policy Processing and Renewal
- Claims Review and Analysis
- Technical Proficiency with Insurance Documents
Benefits
- 401(k) Savings Plan with Employer Contributions
- Employee Stock Purchase Plan
- Long-Term Incentive Awards
- Medical, Dental, and Vision Insurance
- Variety of Leaves of Absence
- Paid Time Off, Including 12 Paid Holidays
- Short-Term Disability and Optional Long-Term Disability
- Health Savings Account and Dependent Care Reimbursement Accounts
- Employee Assistance Program
- Optional Personal Insurance Policies
- Tuition Assistance
- Commuter Benefits
Pay
The salary range for this position (intended for U.S. applicants) is $169,900 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.