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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