Commercial Lines Account Executive
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Job Location:
Schaumburg, IL - USA
Monthly Salary:
USD 150 - 500
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Job Description
Job Title: Commercial Lines Account Executive
Job Summary
Seeking a motivated detail-oriented and customer-focused Commercial Lines Account Executive to join a dynamic this role you will manage and grow a portfolio of commercial insurance clients ensuring exceptional service while driving revenue through identifying new business opportunities. The ideal candidate will possess a deep understanding of commercial insurance products demonstrate strong relationship-building skills and be committed to fostering a culture of collaboration.
Responsibilities
- Build and maintain strong relationships with clients serving as their primary point of contact for all commercial insurance needs.
- Develop tailored insurance solutions that align with clients business objectives and risk management strategies.
- Educate clients on policy options endorsements and coverage changes to ensure their needs are continuously met.
- Conduct regular account reviews to identify upsell or cross-sell opportunities.
- Collaborate with underwriters and carriers to negotiate coverage terms conditions and pricing on behalf of clients.
- Stay current on market trends industry developments and regulatory changes to provide informed advice and recommendations.
- Manage and oversee renewal processes ensuring timely submission and accurate documentation.
- Address and resolve client inquiries regarding claims billing and policy changes.
- Contribute to a collaborative team environment by mentoring peers and sharing industry knowledge.
Qualifications/Requirements
- Bachelors degree in Business Finance Insurance or a related field or equivalent work experience.
- Proven experience as a Commercial Lines Account Executive or in a similar account management role within an insurance brokerage or agency.
- In-depth knowledge of commercial insurance products including property liability and specialty coverages.
- Active insurance producer license.
- Excellent verbal and written communication skills with the ability to explain complex insurance concepts clearly to clients.
- Strong negotiation and problem-solving skills with a client-first mentality.
- Ability to manage multiple accounts and prioritize tasks in a fast-paced environment.
- Proficient in using agency management software.
Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.
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