What are the responsibilities and job description for the Marsh & McLennan Companies, Inc. is hiring: Employee Benefits Producer in Madiso position at Marsh & McLennan Companies, Inc.?
Company :
Marsh McLennan Agency
Description :
Graham Company, a division of Marsh & McLennan Agency, is an insurance brokerage and consulting firm committed to creating a healthy, safe, and prosperous tomorrow.
We value empathy, discipline, integrity, courage, and tenacity - and we are seeking an experienced Benefits Producer who shares these values to join our team.
The Employee Benefits Producer's main responsibility is to develop relationships and secure employee benefits consulting / brokerage clients for the Graham Company, a division of Marsh & McLennan Agency. In addition, the Producer will work closely with Account Managers and service team members on the renewal of existing accounts.
JOB FUNCTIONS & RESPONSIBILITIES :
- Develop Quality Accounts : A Producer should solicit accounts that meet Graham Company revenue criteria and client profile. Subsequently, the Producer will be responsible for producing minimum annual revenue amounts.
- Prepare Assessment and Strategy Recommendation on New Business : The Producer is responsible for preparing and presenting the Strategy Recommendation and Assessment for prospects.
- Using Independent Judgment and Discretion Perform Analysis and Market Account in First Year : On new business, the Producer has the responsibility for developing the strategy, working with Underwriting to develop the Request for Proposal process and performing the related analysis. The Producer is also responsible for assisting Account Management with preparing and presenting the written proposal to the prospect.
- Perform Implementation and Open Enrollment of New Accounts in First Year : For the first renewal and implementation of a client proposal, the Producer works with Account Management to assist with the Implementation and Open Enrollment process.
- Work with Account Managers Supervising Renewals : The Producer will work with Account Managers to be sure that accounts are satisfactorily managed through the annual policy period and are being renewed properly.
- Developing and Maintaining Account Relationships : The Producer along with the Account Manager is responsible developing a close working relationship with his / her accounts.
- Assist in Unusual Client Service Situations : The Account Management Unit handles the majority of client service situations. However, in unusual or sensitive client service situations where the Account Manager Unit, or client, requests the assistance of the Producer, the Producer should work with the Account Manager Unit or client
- Collection of Premiums : The Producer has the ultimate responsibility for the collection of premiums and income on an account. The Producer will be responsible for paying 50% of any bad debt on one of their accounts. A premium is considered "uncollectable" when it becomes six months old.
- Additional Services : The Graham Company may request the Producer's services in connection with assignments not directly related to the job of the Producer. Such occasional assignments (e.g., acting as an insurance company liaison) are construed to be for the general good of the agency.
- Pursue a program for personal and professional development.
- Such other duties and projects (Employee Benefit Seminars and / or Fairs) as may be established and assigned by The Graham Company's managerial personnel.
JOB SPECIFICATIONS :
The applicable base salary range for this role is $105,000 to $175,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
Who you are is who we are.
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.
Marsh McLennan and its affiliates are EOE Minority / Female / Disability / Vet / Sexual Orientation / Gender Identity employers.
MMAE
Salary : $105,000 - $175,000
