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Commercial Insurance Account Manager
$84k-113k (estimate)
Full Time | Business Services Just Posted
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The Jonus Group, LLC is Hiring a Commercial Insurance Account Manager Near Athens, AL

Job DescriptionOur client is seeking a P&C licensed, dedicated, and proactive Commercial Lines Account Manager to join their team.
Benefits
  • Competitive salary: $40-65K
  • Comprehensive benefits package
  • Professional development opportunities and training.
  • Supportive and inclusive work environment.
Qualifications
  • Active P&C license
  • Strong understanding of commercial insurance products, coverages, and underwriting processes.
  • Proficient in using insurance management software and Microsoft Office Suite.
  • Prior experience in middle market commercial lines account management or related roles is preferred.
Responsibilities
  • Build strong, lasting relationships with clients by understanding their business needs and providing personalized insurance solutions.
  • Regularly communicate with clients to assess their evolving insurance requirements and address any concerns.
  • Evaluate client insurance portfolios to identify coverage gaps, recommend enhancements, and tailor policies to fit clients' specific risks.
  • Collaborate with insurance underwriters to negotiate terms, pricing, and coverage options that align with clients' needs.
  • Prepare and present comprehensive insurance proposals and reports to clients, outlining coverage details and benefits.
  • Coordinate the renewal process by gathering necessary information, updating applications, and ensuring timely submission to underwriters.
  • Review policy documents and endorsements to verify accuracy and completeness.
  • Proactively manage policy changes, endorsements, and other administrative tasks as needed.
  • Analyze clients' businesses and industries to identify potential risks and exposures.
  • Provide risk management recommendations to clients to help mitigate potential losses and enhance their overall risk profile.
  • Act as a liaison between clients and insurance carriers during the claims process, ensuring claims are reported accurately and efficiently.
  • Monitor the progress of claims and provide updates to clients, helping to expedite claim resolution.
  • Work closely with internal teams such as underwriting, claims, and risk management to deliver seamless service to clients.
  • Collaborate with colleagues to share market insights, industry trends, and best practices.
  • Identify opportunities to upsell or cross-sell additional insurance products to existing clients, contributing to account growth.
  • Ensure compliance with industry regulations and company policies.
  • Maintain accurate and up-to-date client records, documentation, and communication logs.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$84k-113k (estimate)

POST DATE

05/24/2024

EXPIRATION DATE

06/16/2024

WEBSITE

jonusgroup.com

HEADQUARTERS

Wayne, PA

SIZE

100 - 200

INDUSTRY

Business Services

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The following is the career advancement route for Commercial Insurance Account Manager positions, which can be used as a reference in future career path planning. As a Commercial Insurance Account Manager, it can be promoted into senior positions as an Account Manager IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Commercial Insurance Account Manager. You can explore the career advancement for a Commercial Insurance Account Manager below and select your interested title to get hiring information.

If you are interested in becoming a Commercial Insurance Account Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Commercial Insurance Account Manager for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Commercial Insurance Account Manager job description and responsibilities

The Account Manager will be primarily responsible for the ongoing management of commercial clients, retention of new and renewal clients, and maintaining a partnership with the producer to support business development activities while upholding high servi

01/19/2022: Florence, AL

Account managers work closely with the rest of the team to enable ongoing and future sales or renewals.

04/02/2022: Fort Smith, AR

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Commercial Insurance Account Manager jobs

Standard accounts also come with a flexible borrowing facility attached known as an 'overdraft' - although these are expensive, with most providers now charging rates of about 40% a year to borrow money this way.

01/20/2022: La Crosse, WI

Step 3: View the best colleges and universities for Commercial Insurance Account Manager.

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