Commercial Lines Account Manager

4 weeks ago


Honolulu, United States Finance Insurance Ltd Full time
Job DescriptionJob Description

Maintains 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.


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 in 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, offer premium financing, manages

documentation to bind coverage with policy issuance instructions

Coordinates and cooperates with other departments to achieve total account, servicing and

objectives

Assigns assistants to prepare binders, certificates, Auto ID cards and invoice, as necessary

Advises unsuccessful quoting companies to close their files, suspends receipts of new policy


Renewals

Reviews expiration listing with producers and determine market availability.

Discusses renewal strategies, completes renewal applications, review quotes received and

collaborates with producers in reviewing complex business risk analysis.

Plans terms payment of premiums, offer premium financing, manages documentation to bind

coverage with policy issuance instructions

Assigns assistants to prepare binders, certificates, Auto ID cards and invoice Solicits renewal information from the insured Submits renewal instructions Suspends receipt of renewal policy


Requirements

Three years of experience in Property, 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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