What are the responsibilities and job description for the VP - Employee Benefits position at Fortune 500?
Vice President - Employee Benefits
Location: Boston, MA
Position Overview
We are seeking a highly motivated and experienced Employee Benefits Account Executive to join our growing team. In this role, you will manage a robust portfolio of existing accounts while identifying opportunities to expand relationships with our commercial clients. You will serve as the primary point of contact, ensuring clients receive customized, value-driven benefits solutions that align with their evolving needs.
Key Responsibilities
• Manage a portfolio of existing client accounts, building and maintaining strong relationships to ensure retention and satisfaction.
• Expand current client relationships by introducing additional benefits solutions and identifying cross-sell opportunities within our suite of commercial services.
• Collaborate with internal teams and carriers to design and implement customized benefits strategies that align with client needs and objectives.
• Conduct regular client reviews, providing insights on plan performance, cost trends, and compliance updates.
• Negotiate renewals, pricing, and contracts with carriers to achieve optimal outcomes for clients.
• Proactively identify opportunities to strengthen client partnerships through enhanced service offerings and strategic advice.
• Stay updated on industry trends, regulatory changes, and best practices in employee benefits.
• Assist in onboarding new clients by providing a seamless and consultative transition experience.
Qualifications
• 7 years of experience in employee benefits account management, preferably within the insurance or consulting industry.
• Demonstrate a basic understanding of the private equity industry
• Proven success in managing a book of business while driving growth through client retention and relationship expansion.
• Strong knowledge of group benefits plans, market trends, and compliance requirements.
• Exceptional client relationship and communication skills, with the ability to present complex information clearly.
• Proven ability to manage multiple accounts and priorities in a fast-paced environment.
• Proficiency in Microsoft Office and experience with CRM or benefits administration platforms.
• Relevant insurance licenses or certifications (e.g., Life & Health Insurance License) preferred
