Job Description

Commercial Lines Account Executive

Job Overview:

The Commercial Lines Account Executive is responsible for managing and servicing the commercial insurance accounts of clients, ensuring that their coverage needs are met and maintained. This role involves building and maintaining strong relationships with clients, insurance carriers, and internal teams, while also identifying opportunities for new business growth. Competitive salary: $100-150K.

Key Responsibilities:

• Client Relationship Management: Develop and maintain strong, long-lasting relationships with existing commercial clients. Serve as the primary point of contact for client inquiries, coverage questions, and service issues.

• Policy Administration: Assist clients with the preparation, renewal, and modification of commercial insurance policies. Ensure accurate and timely processing of policy changes, endorsements, and claims.

• Risk Assessment & Recommendations: Analyze client business needs, evaluate risks, and offer recommendations on appropriate insurance products and coverage options to mitigate exposure.

• New Business Development: Actively prospect and generate new commercial lines business opportunities by identifying leads, building a pipeline, and closing sales.

• Carrier Coordination: Work closely with insurance carriers to obtain quotes, negotiate terms, and place coverage with the most appropriate carrier.

• Compliance & Documentation: Ensure that all necessary documentation is completed accurately, in compliance with regulatory requirements, and in a timely manner. Maintain thorough records of client interactions, transactions, and coverage details.

• Claims Support: Assist clients with the claims process by providing guidance, working with claims adjusters, and ensuring that claims are processed smoothly and efficiently.

• Collaboration: Work closely with internal teams, such as underwriting, service, and claims departments, to ensure seamless service delivery to clients.

Qualifications:

• Education: Bachelor’s degree in business, finance, or related field (preferred).

• Experience:

  • Minimum of 3-5 years of experience in commercial insurance or a related field.
  • Strong understanding of commercial lines policies, coverage options, and the insurance marketplace.

• Licensing: Required state licensure in Property and Casualty Insurance.

• Skills:

  • Excellent communication and interpersonal skills with a customer-focused approach.
  • Strong organizational and time-management skills.
  • Ability to work independently and as part of a team.
  • Proficient in using insurance agency management systems and Microsoft Office Suite.

• Other Attributes:

  • Strong attention to detail and problem-solving abilities.
  • Ability to handle multiple priorities and meet deadlines.
  • Sales-oriented with a drive to build new business opportunities.

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