Insurance Commercial Lines Account Executive

Title: Insurance Commercial Lines Account Executive

Location : Newtown Square, PA (HYBRID)

Salary : $125,000k - $175,000k (dependent upon experience) + bonus and excellent benefits package

Our client, a National Property & Casualty Insurance Broker is a seeking an experience Commercial Lines Account Executive to join their growing team. Position will be based out of their Newtown Square, PA office and will require you in office 3-4x a week. This position is open due to growth and the ideal individual will have experience managing a multimillion-dollar book of business, managing the pre & post renewal cycle, and will be interacting with clients on a daily basis while focusing on retention of the book of business.

If interested, please send resume to [email protected] – All resumes will be held confidentially and nothing will be shared with anyone without your consent and approval.

Responsibilities:

• Manage a dynamic book of business consisting of all commercial insurance accounts.
• Activities include new and renewal marketing, fielding questions and requests and coverage review
• Prepares new business strategies in collaboration with brokers, including proposals and presentations for new client opportunities
• Handling all aspects of the account life cycle; pre-renewal, renewal, post renewal, and stewardship meetings
• Provide proactive, personalized support to assigned high-touch, complex Commercial Lines clients
• Generates reports on performance and other defined metrics by leveraging data and insights to inform the broker on portfolio trends and delivers value that may enhance the book of business
• Provide insurance technical expertise to clients and members of the Account Management and Sales Executive team
• Responsible for marketing and placement of client Commercial Lines insurance renewal
• Prepares accounts for new business and the renewal process as directed by the broker, initiates renewal reviews to deliver optimal client coverage and suggests steps for client retention.
• Supports the broker in creating market submissions and quote cover letters for agents and reviews received documents to ensure accuracy.
• Determine most-appropriate carriers for market pricing
• Analyze and compare carrier quotes and coverage offerings
• Make insurance program recommendations to clients
• Manage client renewal expirations and avoid any lapse in coverage
• Complex negotiation with carriers on behalf of clients
• Delegate administrative client tasks to assigned Account Representatives
• Respond to underwriters’ questions in a timely and professional manner
• Maintain a high degree of accuracy in agency management systems
• Frequent in-person attendance at face-to-face client meetings, with and without Sales Executives
• Regular carrier interaction and frequent face-to-face meetings with underwriters

Qualifications:

• MUST have an active Property & Casualty license
• Ability to go into Newtown Square office 3-4x a week.
• Bachelor's Degree (strongly preferred)
• Extensive Casualty experience
• 5+ years of Commercial Lines Account Management experience

The specific compensation for this role will be determined based on the education, experience, location and skill set of the individual selected for this position.

SolomonEdwardsGroup, LLC is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, or protected veteran status.

SolomonEdwardsGroup, LLC adheres to the California Consumer Privacy Act (CCPA). Your privacy is important to us, and we never sell your data to third parties. Personal information is only collected to match applicants with job opportunities. For more information on your rights, click here:

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Job Types: Full-time, Permanent

Pay: $125,000.00 - $175,000.00 per year

Experience:

• Commercial Lines Account Management : 5 years (Required)

License/Certification:

• property and casualty license (Required)

Work Location: Hybrid remote in Newtown Square, PA 19073