Commercial Insurance Associate

2 weeks ago


Bethesda, United States B.F. Saul Insurance Full time

POSITION SUMMARY:

The Commercial Insurance Associate is responsible for conducting client research, supporting the pre and post-renewal process, and preparing client deliverables for commercial lines (i.e., property and casualty), and financial lines (i.e., D&O/E&O Cyber).


DUTIES & RESPONSIBILITIES: Duties will include, but are not limited to the following:

  • Work in a team environment to provide insurance solutions for new and existing clients
  • Compliance with BFSI policies and procedures manual; support quality assurance process


SPECIFIC TASKS:

  • Utilize system capability (AMS) properly to maintain complete and accurate data and documents
  • Invoice Agency Bill accounts
  • Set up Premium financing and assist with premium payment.
  • Issue certificates of insurance
  • Complete Surplus Lines filing
  • Assist with premium payment follow-ups
  • Assistance with follow up tasks for Account Managers and Account Executives
  • Order Loss runs and prepare loss summaries
  • Prepare claims reporting manuals
  • Prepare client presentations, reports, documents, premium summaries, etc.
  • Participate in renewal strategy meetings with service team and Producers
  • Develop insurer quotes and analyze/compare the quotes for difference is premium and coverage
  • Participate in underwriter discussions with account team
  • Maintain/create reference materials (vendor lists, insurer minimum requirements) on behalf of the team
  • Assist in business and industry research for a prospect
  • Maintain privileged and confidential information


JOB REQUIREMENTS (SKILLS/ABILITIES):

  • Work really hard – let’s not confuse effort with results
  • Embrace Failure – if you are not failing, you are not pushing your limits, and if you are not pushing your limits, you are not maximizing your potential.
  • Be growth oriented – want to be part of a growing business
  • Impact the business – deliver unexpected client results; take personal accountability
  • Intellectual curiosity – willingness to learn
  • Initiative – find practical solutions for our clients
  • Open to feedback – seek constant improvement; understand your strengths and opportunities for improvement
  • Operates with uncertainty – open to new experiences as a means of self-improvement
  • Teamwork – work well with others, proactively share information with colleagues
  • Professional manner – high standard of performance and integrity
  • Think strategically – make thoughtful decisions
  • Communication – listens well; concise and articulate in speech and writing


REQUIREMENTS:

  • 1+ year(s) of relevant insurance industry experience
  • Bachelor’s Degree is required
  • Appropriate state licensing required at time of hire or achieved within 90 days of hire date
  • Insurance industry designations are preferred
  • Intermediate level of experience with Excel and PowerPoint


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