Finance Insurance Ltd
Commercial Lines Account Manager
Finance Insurance Ltd, Honolulu, Hawaii, United States, 96814
Job DescriptionMaintains client contact regarding coverages, policy changes and/or problems. This position has high client contact, authorizes policy changes, and makes important business decisions in commercial and/or specialty lines of coverage. Reviews and obtains necessary information to evaluate and process new business and renewal commercial accounts; identifies opportunities by rounding of accounts where applicable.
Salary:
$51,200.00 - $72,000.00 per year
Benefits
Annual Base Salary Based on Experience
Paid Time Off (PTO)
Health Insurance
Vision Insurance
Dental Insurance
Retirement Plan
Responsibilities
New Business:
Analyzes Risk
Secures coverage requirements through discussions with producers and develops detailed underwriting information for presentation to insurance companies or brokers.
Collaborates with producers in reviewing complex business risk analysis, coverage recommendations, and tailoring the needs of the client in relation to market capabilities to ensure that the client obtains the most effective coverages.
Reviews quotes from companies and prepares insurance proposals for clients/producers, as required.
After proposal acceptance, discusses premium terms, offers premium financing, and manages documentation to bind coverage with policy issuance instructions.
Coordinates and cooperates with other departments to achieve total account servicing objectives.
Assigns assistants to prepare binders, certificates, Auto ID cards, and invoices as necessary.
Advises unsuccessful quoting companies to close their files and suspends receipts of new policy.
Renewals:
Reviews expiration listing with producers and determines market availability.
Discusses renewal strategies, completes renewal applications, reviews quotes received, and collaborates with producers in reviewing complex business risk analysis.
Plans terms payment of premiums, offers premium financing, and manages documentation to bind coverage with policy issuance instructions.
Assigns assistants to prepare binders, certificates, Auto ID cards, and invoices.
Solicits renewal information from the insured and submits renewal instructions.
Suspends receipt of renewal policy.
Requirements
Three years of experience in Property and Casualty insurance.
Experience with Commercial insurance, business line customization, and/or rate negotiation.
High school diploma or equivalent preferred.
Producers license in Property and Casualty.
Personal computer experience.
Excellent problem solving, complex business risk analysis, and decision-making skills on critical business issues.
Excellent communication, organizational, and time management skills.
Flexible; ability to work independently and under minimal supervision.
Performs tasks with speed, quality, and accuracy.
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Salary:
$51,200.00 - $72,000.00 per year
Benefits
Annual Base Salary Based on Experience
Paid Time Off (PTO)
Health Insurance
Vision Insurance
Dental Insurance
Retirement Plan
Responsibilities
New Business:
Analyzes Risk
Secures coverage requirements through discussions with producers and develops detailed underwriting information for presentation to insurance companies or brokers.
Collaborates with producers in reviewing complex business risk analysis, coverage recommendations, and tailoring the needs of the client in relation to market capabilities to ensure that the client obtains the most effective coverages.
Reviews quotes from companies and prepares insurance proposals for clients/producers, as required.
After proposal acceptance, discusses premium terms, offers premium financing, and manages documentation to bind coverage with policy issuance instructions.
Coordinates and cooperates with other departments to achieve total account servicing objectives.
Assigns assistants to prepare binders, certificates, Auto ID cards, and invoices as necessary.
Advises unsuccessful quoting companies to close their files and suspends receipts of new policy.
Renewals:
Reviews expiration listing with producers and determines market availability.
Discusses renewal strategies, completes renewal applications, reviews quotes received, and collaborates with producers in reviewing complex business risk analysis.
Plans terms payment of premiums, offers premium financing, and manages documentation to bind coverage with policy issuance instructions.
Assigns assistants to prepare binders, certificates, Auto ID cards, and invoices.
Solicits renewal information from the insured and submits renewal instructions.
Suspends receipt of renewal policy.
Requirements
Three years of experience in Property and Casualty insurance.
Experience with Commercial insurance, business line customization, and/or rate negotiation.
High school diploma or equivalent preferred.
Producers license in Property and Casualty.
Personal computer experience.
Excellent problem solving, complex business risk analysis, and decision-making skills on critical business issues.
Excellent communication, organizational, and time management skills.
Flexible; ability to work independently and under minimal supervision.
Performs tasks with speed, quality, and accuracy.
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