What are the responsibilities and job description for the Associate Account Executive, Construction position at SterlingRisk?
At SterlingRisk, our employees are the driving force behind our success. We take pride in going the extra mile to support our employees, reinforcing our commitment to being a Great Place to Work and a Fortune Best Workplace. We foster a culture where new ideas and diverse perspectives are not just encouraged but valued. Our Values Blueprint, centered on Integrity, Innovation, Collaboration, Care & Respect, and Excellence, shapes our daily operations, making us a leader in the insurance industry.
Must have current insurance experience and hold a P&C license.
Position Summary:
This position involves day-to-day responsibilities that require independent judgment and discretion, contributing to the department’s ongoing success.
Essential Functions & Basic Duties:
(This job specification may not include all the duties listed, nor do the examples cover all the duties that may be performed.)
- Provide critical support to the Account Executive and broader account team by maintaining client records, ensuring timely processing of policies, endorsements, and renewals, and facilitating seamless communication between clients, carriers, and internal teams.
- Assist the Account Executive in maintaining high retention rates for an existing book of business.
- Review policies and endorsements, requesting carrier modifications as needed.
- Ensure accuracy and integrity of system activities and client records.
- Serve as the first point of contact for client billing issues, coverage inquiries, and invoicing and endorsement processing.
- Utilize and comply with all required technology tools, including EPIC, Outlook, and CSR24
- Collaborate with producers, clients, and internal teams to service existing and new accounts.
- Assist in preparing specifications and applications for marketing renewals and new business.
- Mentor and guide Team Associates and other support staff.
- Work with the Account Executive to gather, analyze, and submit necessary information for marketing and carrier selection.
- Collect and organize data for renewal strategy meetings.
- Track and follow up on outstanding client action items, ensuring deadlines and deliverables are met.
- Identify client exposure to loss and collaborate with the Account Executive to recommend appropriate coverage.
- Analyze cancellation requests, considering all factors to retain accounts when possible.
- Order and review binders, policies, endorsements, and audits, ensuring accuracy before forwarding them to clients.
- Order/issue certificates as needed
- Prepare insurance summaries, schedules, and required supplemental applications.
- Follow up with carriers to ensure timely receipt of quotations and policies.
- Monitor renewal timelines to keep the Account Executive informed of pending dates.
- Assist in coordinating renewal and new account billing and financing.
- Communicate with clients and insurance carriers as needed.
- Prepare premium allocations for clients.
- Attend client and prospect meetings as required.
- Assist in the development of proposals.
- Build and maintain strong relationships with market partners.
- Perform additional duties as assigned by management.
Supervisory Duties:
- Not applicable for this position
Knowledge, Skills, & Abilities:
- Strong written and oral communication; strong presentation skills
- Ability to interpret abstract information
- Knowledge of insurance products and usage, insurance markets and reference to markets
- Knowledge of insurance rating and underwriting procedures
- Proficiency in Outlook, Excel, Word EPIC, etc.
- Ability to work independently, as well as in a team environment
- Detailed orientated with ability to multi-task
Education and Work Experience:
- College Degree with a minimum of two years’ Insurance experience; or
- Minimum of 3 years construction insurance experience in a support role
- Property & Casualty License
- Experience with EPIC or Applied
The statements above are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. SterlingRisk is an Equal Opportunity Employer. EOE/AA/M/F/V/D/SO or any other characteristics protected by law. Neither this job description nor any other written or verbal communications are intended to create a contract of employment or a promise of long-term employment. Employment-at-will may be terminated with or without cause and with or without notice at any time by the Employee or by SterlingRisk.
To learn more about us and the other career opportunities available at SterlingRisk, please visit our website at www.sterlingrisk.com.
Why SterlingRisk?
We are a dedicated team of professionals, committed to upholding our five core values and delivering excellence in all we do. Our expertise spans across Commercial Lines, Personal Lines, Employee Benefits, Surety, Life Insurance, Claims & Risk Management Services, Environmental, Aviation, Construction, and Real Estate.
Find your path to success with SterlingRisk! We offer competitive salaries and a comprehensive benefits package, including health, dental, and vision coverage, short-term and long-term disability, life insurance, and a 401K plan with an employer match. Additionally, we offer a competitive and generous PTO package. Our commitment to your growth doesn't stop there-benefit from licensing support, continuing education reimbursement, and numerous learning and development opportunities.
Salary:
The estimated base salary range for this full-time position is $70,000 – $75,000 annually, plus benefits, and can vary based on location.
The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty and training. The hiring range represents the company's good faith and reasonable estimate of the range of possible compensation at the time of posting.
Salary : $70,000 - $75,000