Account Executive

This is a fully remote position, open to applicants in Pennsylvania.

📋 Description

• Oversee accounts from the submission phase to binding, ensuring all necessary documentation and communications are completed.

• Collaborate with brokers and underwriters to seek, quote, and sustain both new and renewal business.

• Negotiate terms of coverage with carriers, which includes pricing, deductibles, enhancements, and exclusions.

• Choose suitable carriers and manage the marketing process for the accounts assigned to you.

• Prepare and present quotes, coverage comparisons, and strategic recommendations.

• Accurately process new business, renewals, endorsements, and cancellations in accordance with established guidelines.

• Issue binders and invoices while confirming details of coverage.

• Liaise with agents, carriers, and internal stakeholders to ensure prompt execution of accounts.

• Aid in retention and renewal strategies by identifying opportunities for coverage expansion.

• Provide guidance and support to team members as necessary.

• Conduct research and compile account or market analyses.

• Maintain thorough and accurate records and correspondence.

• Stay updated on industry trends, market conditions, and carrier capabilities through ongoing education and training.

⛳️ Requirements

• A Bachelor's degree or an equivalent combination of education and experience is required.

• Progressive experience in wholesale insurance, brokerage, or underwriting support roles, typically 3+ years.

• Proven experience in account management, business marketing, and supporting placement activities.

• Strong comprehension of insurance products, coverage structures, and market dynamics.

• An active state insurance license is required for relevant lines of business.

• Comprehensive knowledge of insurance products, underwriting processes, and carrier guidelines.

• Capability to negotiate terms and assess coverage options effectively.

• Proficient account management skills across submission, quoting, binding, and renewal processes.

• Proficiency in Microsoft Office and systems utilized for policy and account management.

• Strong analytical and problem-solving abilities, with a keen attention to detail and accuracy.

• Ability to handle multiple priorities, meet deadlines, and adapt to a fast-paced environment.

• Capacity to work independently while exercising sound judgment.

• Commitment to continuous learning and staying informed about industry trends and market developments.

• Fluency in English is required.

🏝️ Benefits

• Medical, dental, vision, life, disability, and AD&D insurance.

• Tax-advantaged savings accounts.

• 401(k) plan with company matching.

• Company holidays.

• Vacation and sick leave.

• Parental leave for new parents.

• Restricted stock units available for eligible positions.

• Deferred compensation plan for qualifying positions.