The Commercial Insurance Associate is responsible for conducting client research, supporting the pre and post-renewal process, and preparing client deliverables for commercial lines (i.e., property and casualty), and financial lines (i.e., D&O/E&O Cyber).
DUTIES & RESPONSIBILITIES: Duties will include, but are not limited to the following:
Work in a team environment to provide insurance solutions for new and existing clients
Compliance with BFSI policies and procedures manual; support quality assurance process
SPECIFIC TASKS:
Utilize system capability (AMS) properly to maintain complete and accurate data and documents
Invoice Agency Bill accounts
Set up Premium financing and assist with premium payment.
Issue certificates of insurance
Complete Surplus Lines filing
Assist with premium payment follow-ups
Assistance with follow up tasks for Account Managers and Account Executives
Order Loss runs and prepare loss summaries
Prepare claims reporting manuals
Prepare client presentations, reports, documents, premium summaries, etc.
Participate in renewal strategy meetings with service team and Producers
Develop insurer quotes and analyze/compare the quotes for difference is premium and coverage
Participate in underwriter discussions with account team
Maintain/create reference materials (vendor lists, insurer minimum requirements) on behalf of the team
Assist in business and industry research for a prospect
Maintain privileged and confidential information
JOB REQUIREMENTS (SKILLS/ABILITIES):
Work really hard - let's not confuse effort with results
Embrace Failure - if you are not failing, you are not pushing your limits, and if you are not pushing your limits, you are not maximizing your potential.
Be growth oriented - want to be part of a growing business
Impact the business - deliver unexpected client results; take personal accountability
Intellectual curiosity - willingness to learn
Initiative - find practical solutions for our clients
Open to feedback - seek constant improvement; understand your strengths and opportunities for improvement
Operates with uncertainty - open to new experiences as a means of self-improvement
Teamwork - work well with others, proactively share information with colleagues
Professional manner - high standard of performance and integrity
Think strategically - make thoughtful decisions
Communication - listens well; concise and articulate in speech and writing
REQUIREMENTS:
1+ year(s) of relevant insurance industry experience
Bachelor's Degree is required
Appropriate state licensing required at time of hire or achieved within 90 days of hire date
Insurance industry designations are preferred
Intermediate level of experience with Excel and PowerPoint