Account Executive, Insurance - NJ
American Global · Whippany, NJ · 2 days ago
Business Development$120k–$180k/yrFull-time
About The Role
We are seeking a skilled and experienced Account Executive to join our dynamic, growing Insurance team in Whippany, NJ.
Key Responsibilities
- Serve as strategic point of contact for client
- Manage annual book of business and proactively monitor upcoming expirations
- Identify the risk management needs of clients and prospects; Develop and recommend appropriate products and services
- Work with client to identify unmitigated risks and cross-sell complimentary products and services
- Manage a team of 1-5; Responsible for training and advancing the careers of their team
- Present custom solutions to clients and prospects in a clear and professional manner; Clearly promote American Global’s competitive differentiation in written and verbal presentations
- Positively and proactively represents American Global in meetings, seminars, trade shows, networking events, industry associations, organizations, boards and charities, as appropriate.
- Prepare, analyze, execute and/or approve critical business documents, including but not limited to: Client fee agreements, Renewal letter requests, Complete and accurate submissions to underwriters, Coverage quotes, Proposal documents, including executive overview write-up, Book of business production reports, Premium allocations, Unit stat cards, In-depth data analyses, Cultivate local underwriting relationships to support company visibility and credibility in the construction insurance marketplace.
- Maintain knowledge of carrier underwriting appetites and contacts and recommend appropriate markets for client programs
- Analyze client risk profile and develop marketing strategy with the team and client
- Bind insurance coverages, address binding subjectivities, and convert proposals of insurance to summaries of insurance post binding
- Supports team in response to requests for proposals (RFP)
- Actively lead account management staff in annual stewardship process, pre-renewal process, final renewal delivery, and other significant account management services for assigned client book of business
- Develop relationships with centers of influence (Including but not limited to attorney partners, bankers, CPAs)
- Identify key individuals within the client's organization and build and maintain effective and sustainable relationships
- Maintain ongoing communication with clients and industry partners to ensure a high-level of customer service
- Maintain insurance license & CE requirements
Skills & Experience That Lead To Success
- Time management and ability to prioritize work
- Attention to detail
- Problem solving skills
- Professional written and verbal communication
- Proficient in Applied Epic, Microsoft Office product suite, and Adobe Pro systems
- Strong technical property and casualty knowledge, typically 5 to 7+ years industry experience
- Ability to drive strategy
- Embrace change and innovation as the industry evolves
- Demonstrate strong knowledge of competitors to aid in company prospecting efforts
- Demonstrate proficiency in the sales discovery process (due diligence)
Additional/Preferred Qualifications
- Valid driver’s license and reliable transportation required
- Ability to travel as required