What are the responsibilities and job description for the Commercial Lines Account Manager position at Conner Insurance?
Job Summary And Purpose
The Account Manager, Property & Casualty position is crucial to the day-to-day operations and long-term goals of the Commercial Lines Department. The Account Manager provides daily support to the P&C Advisors and Clients. From servicing accounts, to processing claims, to retaining Commercial accounts and providing excellent customer service, the Account Manager’s responsibilities are equally varied and vital. A strong work ethic, ability to take on multiple responsibilities, and knowledge of agency procedures and standards are a must! This role directly impacts the revenue, service and customer experience goals of the organization.
Essential Duties
Consulting and Advising – Provide technical support to the Advisor and Sr. Account Manager; specifically, in analyzing client needs, coverage forms and quotations.
Differs with experience.
The above statements are intended to be a representative summary of the responsibilities performed by incumbents of this job. The incumbent’s may be requested to perform job-related tasks other than those stated in this description.
The Account Manager, Property & Casualty position is crucial to the day-to-day operations and long-term goals of the Commercial Lines Department. The Account Manager provides daily support to the P&C Advisors and Clients. From servicing accounts, to processing claims, to retaining Commercial accounts and providing excellent customer service, the Account Manager’s responsibilities are equally varied and vital. A strong work ethic, ability to take on multiple responsibilities, and knowledge of agency procedures and standards are a must! This role directly impacts the revenue, service and customer experience goals of the organization.
Essential Duties
Consulting and Advising – Provide technical support to the Advisor and Sr. Account Manager; specifically, in analyzing client needs, coverage forms and quotations.
- Accompany Advisor on Prospect and Insured meetings as requested.
- Support Advisors: Process renewals in coordination with Advisor; review Client’s renewals, quote/issue/provide competitive options for Clients while still maintaining adequate coverages.
- Occasionally take the lead in renewal meeting with Insured to discuss strategy determination, marketing and carrier negotiations.
- Correspond with Advisor to obtain information or inform them of account status or changes.
- Act as liaison between Insured and insurance companies in order to independently resolve service problems.
- Correspond with Insured to obtain information or inform them of account status or changes.
- Responds to client’s needs in a timely, professional, helpful and courteous manner, regardless of client attitude.
- Strives to meet service standards in all circumstances.
- Follows up with clients to ensure that their needs have been met.
- Looks for ways to add value beyond clients’ immediate requests.
- Assist in the customization of insurance programs to suit individual customers, often covering variety of risks.
- Process additional lines of coverage for accounts, when necessary, to increase retention and cover all clients’ personal risks appropriately.
- Processing applications for, changes to, reinstatement of, and cancellation of insurance policies. Reviewing insurance applications to ensure that all questions have been answered.
- Compile data on insurance policy changes. This can also include lapsed insurance policies to determine automatic reinstatement according to company policies, as well as analyzing retention strategies
- Confer with clients to obtain and provide information when claims are made on a policy.
- Change policy records to conform to insured party's specifications. Verifying the accuracy of insurance company records.
- Contact underwriter and submits forms to obtain binder coverage.
- Monitor insurance claims to ensure they are settled equitably for the both the client and the insurer.
- Proficient in Commercial insurance marketplace (Property, Liability, Auto, Workers’ Compensation, etc.); carriers, underwriting requirements and the coverages they offer
- Continually develops industry knowledge by attending trade shows, seminars, conferences, etc.
- Identifies current industry trends.
- Understanding of contracts, carrier products, coverage forms and underwriting guidelines.
- Complete applications in coordination with Advisor; submits applications to eligible and appropriate carriers; follows up to ensure timely receipt of quotations and policies
- When appropriate, uses agency credit and collection policy in invoicing and pursuing prompt payments
- Request cancellations from the carrier according to agency standards.
- Prepares premium allocations for Insured, when needed.
- Calculates premiums and establishes payment method, if needed.
- Attend meetings, seminars and programs to learn about new products and services, learn new skills and receive technical assistance in developing new customers.
- Perform other duties as assigned.
- Prefer bachelor’s degree, or an associate’s degree or equivalent, from two-year college or technical school
- High school diploma or equivalent is required
- Prefer a minimum of two years related industry experience and/or training
- Maintain a current Indiana Property & Casualty insurance license
- Proficient in Microsoft Office suite of products and Adobe Acrobat
- Good understanding of all lines of commercial insurance coverage
- Understanding of contracts, carrier products, coverage forms, and underwriting guidelines
- Ability to read, analyze, and interpret industry policies and contract documents
- Ability to respond to common inquiries or complaints from customers or carriers
- Ability to write and prepare proposals for presentation and review
- Ability to effectively present information to insureds and carriers
- Ability to apply basic mathematical concepts such as percentages, addition, subtraction, multiplication and division
- Ability to think independently and critically
- Ability to define problems, collect data, establish facts, and draw valid conclusions
- Ability to handle complex accounts
- Excellent oral and written communication skills
- Ability to perform duties in a high-pressured, fast-paced environment
- High degree of organizational skills
- Initiative, attention to detail and critical thinking
- Ability to prioritize and remain flexible
- Professional telephone skills and etiquette
- Self-motivated and able to work both independently with limited supervision and within a team
Differs with experience.
The above statements are intended to be a representative summary of the responsibilities performed by incumbents of this job. The incumbent’s may be requested to perform job-related tasks other than those stated in this description.