The Role
Manage commercial insurance accounts by submitting risks to markets, evaluating and negotiating carrier quotes, designing risk management programs, auditing coverage, and maintaining client relationships. The role requires expertise in commercial insurance coverages, risk analysis, alternative funding programs, client communication, and insurance licensing. Responsibilities also include managing quoting processes, recommending coverage enhancements, and maintaining industry designations.
Summary Generated by Built In
Overview
We are The MJ Companies—a firm dedicated to inspiring the success, fulfillment, and wellbeing of each person we serve. Our commitment to excellence and collaboration has enabled us to maintain a best-in-class approach to risk management, employee benefits, and total rewards.
About the job
Essential functions
- Create and send Market Submissions to key markets with the necessary coverage requirements/enhancements
- Prequalify insurance markets; Analyze, negotiate and review quotes from key carriers. Own the quoting process in order to develop the best program to match client’s risk tolerance, including alternative funding programs
- Develop insurance/risk management program based on marketing results and the necessary risks associated with accounts
- Perform coverage audits for new and renewal business; make recommendations for coverages or program
- Dedication to meet expectations and requirements of internal and external clientele and stakeholders
- Develop and maintain customer relationships
Education
- Bachelors degree in Business or Risk Management field of study
- Property & Casualty license (or ability to obtain)
Knowledge & Experience
- A minimum of 5-8 years’ experience in the insurance industry as an account manager or underwriter
- Deep understanding of insurance industry and knowledge of the necessary coverages appropriate for industry-specific risks
- Demonstrated understanding of microeconomic business issues; ability to assess client Discovery and Risk Analysis information to create Risk Transfer Strategy
- Excellent verbal and written communication skills; professional presentation
Technical Functions
- Proficient in the use of Microsoft Office Products: Excel, Word, Outlook, PowerPoint
- Maintain insurance license and industry designation(s)
Skills Required
- Bachelor’s degree in Business or Risk Management
- Property and Casualty license, or ability to obtain one
- 5–8 years of insurance industry experience as an account manager or underwriter
- Deep understanding of the insurance industry and coverages for industry-specific risks
- Ability to assess client discovery and risk analysis information to create risk transfer strategies
- Excellent verbal and written communication skills
- Professional presentation skills
- Proficiency with Microsoft Office products, including Excel, Word, Outlook, and PowerPoint
- Maintain insurance license and industry designations
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The Company
What We Do
The MJ Companies exists to inspire the success, fulfillment, and wellbeing of each person it serves: associates and their families, business partners, clients, and the community.
