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Account Executive II - ProAssurance Agency
Account Executive II - ProAssurance AgencyInsuranceJobs.com • Okemos, Michigan, United States
Account Executive II - ProAssurance Agency

Account Executive II - ProAssurance Agency

InsuranceJobs.com • Okemos, Michigan, United States
11 hours ago
Job type
  • Full-time
Job description

An exciting opportunity exists to join the ProAssurance family of companies!

Our mission is powerful and simple : We protect others. Choosing a place to apply your talents is an important decision for anyone. You have plenty of options. Why choose ProAssurance?

At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasm—and want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer, with job opportunities in much of the contiguous United States.

This position supports ProAssurance Agency. Depending upon candidate proximity to an office location, we may consider a hybrid or remote work arrangement.

Agency / Broker experience preferred.

The responsibility of the Account Executive II is to grow a book of business by selling professional and / or commercial lines products to prospects and providing best-in-class service to existing clients to achieve high retention. Duties include conversion of prospects to clients, assessment of client needs, and coverage recommendations, negotiating with insurance company underwriters to obtain proper and competitive coverage for clients, review and delivery of coverage options, renewal of existing accounts and provision of best-in-class service.

What you'll do :

60% - New Business Creation :

  • Focus on bottom two quartile of accounts by premium size.
  • Build relationship with prospects as trusted advisor.
  • Evaluate prospect risks, determine appropriate coverage(s).
  • With prospect, complete application(s), and submit to the appropriate markets for quotes.
  • Effectively negotiate with underwriters to obtain appropriate and competitive quotes on behalf of client.
  • Review coverage options provided by underwriters and present best option(s) to client.
  • Overcome sales objections by client and underwriter subjectivities to write the policy.
  • Work with service team to finalize new policy and place coverage.
  • Review and analyze policy to assure it is correct and deliver to client.

20% - Service, Renewals and Retention :

  • Meet established service standards in response to client needs, questions, or change requests.
  • Inform, educate, and assist clients with policy coverage questions as needed.
  • Direct client at time of claim to appropriate claims personnel as needed.
  • Evaluate changes to client operation, inform client of necessary coverage changes, and work with underwriters to amend coverage accordingly.
  • Assure that any amended coverage is correct and provide endorsement(s) to client.
  • With client, review policies coming up for renewal to assure coverage remains appropriate for exposure.
  • With client, complete any applications needed for renewal.
  • Submit renewal to appropriate underwriters and effectively negotiate renewal terms.
  • Present best renewal option(s) to client and renew policy.
  • Work with service team to finalize renewal.
  • Review renewal policy to assure it is correct and present to client.
  • 20% - Continuing Education and Administration :

  • Maintain strong working knowledge of the healthcare delivery system and the exposures related to it including but not limited to medical specialties, practice modes, medical facilities, and systems.
  • Accurately enter customer and submission information into the agency management system.
  • Participate in training and educational seminars for professional development.
  • Meet E&S and state-specific regulations to ensure compliance.
  • Research and maintain detailed knowledge of the market conditions and changes.
  • Perform special projects and support agency team members as directed by management.
  • Assist in meeting ProAssurance Agency’s initiatives and goals.
  • Mentor and train the account managers as needed.
  • Meet E&S and state-specific regulations to ensure compliance.
  • Research market conditions and changes.
  • Perform special projects and support agency team members as directed by management.
  • Assist in meeting ProAssurance Agency’s initiatives and goals
  • Create a job alert for this search

    Account Executive Ii • Okemos, Michigan, United States

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