What are the responsibilities and job description for the Account Manager position at Builders?
Position Summary
The Account Manager is a key member of the Reinsurance and Specialty Business team, instrumental in facilitating the administration of reinsurance treaties and advancing active business opportunities.
Responsibilities
- Oversee the Specialty team's active business by fostering regular collaboration with team members, internal departments, and external partners, including managing general agents (MGAs), third-party administrators (TPAs), and reinsurance brokers.
- Assist leadership in the strategic development, execution, and management of corporate and Specialty insurance reinsurance coverages.
- Monitor program performance, provide comprehensive status reports, organize program meetings and devise effective solutions to address any challenges that arise.
- Collaborate with both internal and external audit teams to ensure compliance and transparency.
- Engage in the negotiation of renewal terms by preparing contracts that align with financial conditions, resources, and contractual obligations.
- Develop proposals for active programs for review and facilitate resolution actions as needed.
- Collaborate with colleagues to ensure program compliance, robust reporting, and optimal program performance.
- Serve as the primary liaison between the Company and program stakeholders, fostering strong relationships.
- Participate in departmental training and engage in ongoing professional development opportunities.
- Perform other duties as assigned.
Qualifications
Bachelor’s degree in Risk Management or a related discipline or equivalent combination of education and/or experience
- Three or more years of insurance experience in the reinsurance and programs related areas
- Knowledge of basic accounting, law, insurance, business and corporate process
- Skill in interpersonal interactions, capable of effective collaboration with both internal and external stakeholders; skill in customer service and problem solving
- Ability to thrive in a team environment and to uphold ethical and confidentiality standards with a professional demeanor in all work circumstances
- Skill in completing tasks, working under pressure and complying with tight deadlines
- Ability to multi-task with keen attention to detail and accuracy
- Capacity to be on-site at the company headquarters and to travel and work autonomously while ensuring transparent communication with internal leadership
- Proficient in both verbal and written communication
- Proficient with Microsoft Office Suite and function specific software applications
