What are the responsibilities and job description for the Personal Lines Account Manager position at Finance Factors Ltd?
Maintains client contact regarding coverages, policy changes and/or problems. This position has high
client contact, authorizes policy changes, and makes important Personal Lines business decisions.
This positon involves assisting and supporting the producers in prospecting and development of new
business, retention of existing renewals, and provides excellent customer service.
MINIMUM QUALIFICATION REQUIREMENTS (Minimum Requirements to satisfactorily perform job duties)
- Three years of experience in Property, Casualty insurance
- Experience with Personal lines insurance
- High school diploma or equivalent preferred
- Producers license in Property and Casualty
- Personal computer experience
- Excellent problem solving and decision-making skills
- Excellent communication, organizational and time management skills
- Flexible; ability to work independently and under minimal supervision
- Performs tasks with speed, quality, and accuracy
ESSENTIAL FUNCTIONS: (A summary of duties why the job exists, requires specialized skills, or are performed
by a limited number of employees. Essential functions are broad and not overly detailed)
New Business
Analyzes Risk
- Secures coverage requirements through discussions with producers
- Develops detailed underwriting information for presentation to insurance companies or brokers
- Collaborates with producers in reviewing coverage recommendations and in tailoring the needs
of the client in relation to market capabilities to ensure that the client provided adequate
coverage relationship to the risk exposure.
- Reviews quotes from companies and prepares insurance proposals for clients/producers
- After proposal acceptance, discusses premium terms, manages documentation to bind
coverage with policy issuance instructions.
- Assigns assistants to prepare binders, certificates, Auto ID cards and invoice
- Advises unsuccessful quoting companies to close their files, suspends receipts of new policy
Renewals
- Reviews expiration list with producers
- Discusses renewal strategies, completes renewal applications, review quotes received and
collaborates with producers
- Plans terms payment of premiums, manages documentation to bind coverage with policy
issuance instructions
- Assigns assistants to prepare binders, certificates, Auto ID cards and invoice
- Solicits renewal information from the insured
- Submits renewal instructions
- Suspends receipt of renewal policy
