What are the responsibilities and job description for the Commercial Lines Account Executive position at The Jonus Group?
Job Description
Our client is seeking a P&C licensed, dedicated, and proactive Commercial Insurance Account Executive to join their team out of their Freehold, NJ office.
Salary and Benefits
Our client is seeking a P&C licensed, dedicated, and proactive Commercial Insurance Account Executive to join their team out of their Freehold, NJ office.
Salary and Benefits
- Competitive salary: $70K to $85k
- Comprehensive benefits package
- Professional development opportunities and training.
- Supportive and inclusive work environment.
- Active P&C License
- Proven experience in commercial insurance, account management, or related roles.
- Strong understanding of various commercial insurance products, policies, and coverage options.
- Analytical mindset with the ability to assess complex business risks.
- Experience in the following industries highly desired Construction, Contractors, Manufacturing
- Accounts that range up to $100k in premium
- Proficient in insurance software, customer relationship management (CRM) tools, and Microsoft Office Suite.
- Build and maintain strong relationships with commercial clients, understanding their business operations, goals, and risk management needs.
- Regularly communicate with clients to assess their evolving insurance requirements and provide personalized guidance.
- Collaborate with clients to analyze their business risks and exposures, considering factors such as industry regulations, market trends, and specific business activities.
- Conduct thorough risk assessments to identify potential coverage gaps and recommend appropriate insurance products.
- Design comprehensive insurance solutions that align with clients' risk profiles and coverage needs.
- Collaborate with underwriters to negotiate terms, conditions, and pricing to create tailored insurance policies.
- Manage the entire insurance policy lifecycle, from initial policy issuance to endorsements, renewals, and cancellations.
- Ensure accurate and timely processing of policy documents, endorsements, and related paperwork.
- Assist clients in navigating the claims process, acting as a liaison between clients and insurance carriers.
- Provide guidance and support to clients to ensure smooth claims resolution.
- Stay informed about industry trends, regulatory changes, and emerging risks that may impact clients' insurance needs.
- Continuously update knowledge of insurance products and carriers to offer the best solutions to clients.
- Identify opportunities to cross-sell additional insurance products or coverage enhancements to meet clients' evolving needs.
- Collaborate with sales teams to expand the agency's footprint within existing client accounts.
- Maintain accurate and up-to-date client records, policy documentation, and correspondence in accordance with agency standards and regulatory requirements.
- Meet or exceed established performance metrics, including revenue targets, client retention rates, and customer satisfaction scores.
Salary : $70,000 - $100,000
