Job title: Employee Benefits Account Executive
Job type: Permanent
Emp type: Full-time
Industry: Insurance
Functional Expertise: Account Executive
Location: Austin, TX
Job published: 11/09/2024
Job ID: 123902

Job Description

Employee Benefits Account Executive

 

Job Summary

Are you an experienced insurance professional with employee benefits expertise? If so, a leading agency is currently seeking an Employee Benefits Account Executive to join their team. If you're looking for a dynamic role that combines strategy, client interaction, and the chance to make an impact in the insurance world, this may be the opportunity you've been waiting for.

 

Responsibilities

  • Manage a diverse portfolio of accounts, ensuring client satisfaction and retention.
  • Prepare accurate and timely quotes for both new and renewal business.
  • Cultivate strong relationships with clients, serving as their trusted advisor on employee benefits solutions.
  • Establish and nurture strong relationships with insurance carriers and vendors.
  • Collaborate with team members to manage client relationships and service activities.
  • Assist clients with understanding policies, resolving issues, and managing benefit programs.
  • Design, implement, and manage employee benefit programs in alignment with client objectives.
  • Conduct needs analysis, strategy calls, enrollment meetings, and renewal processes.
  • Model benefit contributions to reduce costs while ensuring compliance with regulations.
  • Coordinate RFP process, prepare proposals, and ensure compliance with legislative changes.
  • Stay updated on emerging trends, best practices, and regulatory changes within the insurance industry.
  • Advocate for clients on claims and carrier relations while maintaining confidentiality.
  • Serve as a mentor to junior team members, providing guidance and support to foster their professional development.

 

Qualifications/Requirements

  • Excellent presentation, verbal, and written communication skills.
  • Solid knowledge of group health and welfare benefit plan coverage.
  • Understanding of current legislation, rules, laws, and regulations related to insurance and benefits.
  • Thorough knowledge of insurance products and coverage, as well as health and ancillary products.
  • Solid knowledge of insurance plans, underwriting principles, selection, pricing, rating, and premium calculation.
  • Knowledge of rating procedures, coverage, and industry operations to manage and maintain accounts.
  • Ability to work with clients at a strategic level.
  • Strong organizational skills and attention to detail.
  • Holds an active Life and Health (L&H) Insurance License.
  • Previous self-funded experience is required.
  • Previous experience working with large group sizes is required.
  • Familiarity with industry-specific software, technology platforms, and rating systems.
  • Proficient in utilizing a wide range of digital tools and software applications, including Microsoft Office products.
  • 7 years of relevant insurance industry experience preferred.
  • Holds at least one professional designation or has comparable job experience.
  • Above average computer skills with the capacity to master essential software programs.
  • Proven track record of success in a client-facing role within the insurance industry.
  • Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.

 

Compensation Package

  • Excellent opportunities for professional growth and advancement.
  • Competitive compensation: Between $120K-$125K (based on experience).
  • Paid time off and company holidays.
  • Comprehensive benefits package, including health, dental, vision, 401(k), and more.
  • Hybrid work schedule available.
  • Dedicated training period.

 

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 employer's discretion.

 

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