Business Development Specialist

3 days ago

Wayzata, Minnesota, United States Trean Corporation Full time

At Trean Corporation, we are seeking a highly skilled Senior Account Executive to join our team. This is an exciting opportunity for a motivated professional to work independently and collaboratively as part of our Reinsurance team.

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The estimated annual salary for this position is between $80,000 and $120,000, depending on experience and qualifications.

About the Job

We are looking for an experienced insurance and reinsurance professional who can design new and renewal insurance and reinsurance programs, create underwriting information requests for clients and prospects, and develop insurance and reinsurance submissions efficiently and accurately.

The ideal candidate will have strong quantitative analytical skills, be able to communicate professionally at all levels of the organization, and possess excellent written and verbal communication skills.

This role requires a self-starter who enjoys being part of a team, is well-organized, and able to handle several tasks at once while meeting targeted deadlines.

Key Responsibilities
  • Design new and renewal insurance and reinsurance programs.
  • Create underwriting information requests for clients and prospects.
  • Develop insurance and reinsurance submissions efficiently and accurately.
  • Maintain market lists and transmit reinsurance and carrier submissions.
  • Respond timely to client and reinsurer requests for information.
  • Assist in developing client and prospect presentations.
  • Work with external service providers to complete client-specific projects.
  • Assist with the management of expenses, time, services, etc. to maximize profits.
  • Coordinate with internal staff on the production of placement slips, cover notes, contracts, addenda, and miscellaneous agreements, as needed.
  • Follow-up on contract documentation, ensuring the timely flow of materials.
  • Implement new and renewal contracts internally in accordance with Company procedures.
  • Assist in maintaining Company approval with reinsurers.
  • Assist with the monitoring of accounting and claims experience on current contracts (payments, collections, etc.), anticipating, preventing and resolving problems, when possible.
  • Establish and maintain strong relationships with colleagues internally and externally.
  • Develop comprehensive knowledge of reinsurer capability (product lines, capacity, approvals, etc.).
  • Assist with the documentation of all external correspondence in accordance with Company procedures.
  • Update management on issues, progress, etc., regularly and upon request.
  • Attend local reinsurer events as requested by manager.
  • Assist with the coordination of meetings, trade shows and conferences.
Requirements
  • Bachelor's Degree.
  • 2 - 6 years of insurance and reinsurance knowledge and certifications are a plus.
  • Strong written and verbal communication skills.
  • Requires strong quantitative analytical skills.
  • Self-starter, but enjoys being part of a team.
  • Well organized, able to handle several tasks at once and meet targeted deadlines.
  • Experience utilizing Salesforce software preferred.
  • Utilize Microsoft Office Suite and Adobe Suite with ease (Microsoft Publisher experience preferred, but not required).

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