Account Executive III - Construction & Infrastructure

Aon; New York (NY); On-site; USD 170,000 - 250,000; Full time

Benefits offered by this job

401(k) contributions

Employee stock purchase plan

Long-term incentive consideration

Job summary

Aon is seeking an Account Executive III in New York City or Boston to advance a Construction & Infrastructure Risk portfolio. You will collaborate with senior members to shape coverage strategies, respond to client inquiries, and prepare proposals for renewals and new business.

Expect to analyze client risk, maintain relationships with underwriters, and manage policy issuance, endorsements, and renewals. A Property and Casualty license is required or obtained within 120 days of hire.

Qualifications

• Bachelor's degree or equivalent years of industry experience.
• Property and Casualty Brokers License is required or must be obtained within 120 days of hire.
• 10+ years of commercial insurance experience, preference for Construction.
• Commitment to ongoing learning and professional development including insurance courses/certifications/designations.
• Ability to analyze risk transfer programs and prepare market submissions and proposals.

Responsibilities

• Collaborates with senior unit members to develop coverage strategy and marketing initiatives for renewal and prospective business.
• Responds to client requests and inquiries accurately and timely.
• Prepares new business and renewal materials and keeps them up to date.
• Analyzes client risk exposure and details coverage requirements; presents marketing proposals for renewals and new business.
• Relations with underwriting community and key partner markets.
• Processes and issues policies and renewals, including changes and cancellations as applicable.
• Reviews assignments, collects signatures, and handles related documentation.
• Calculates adjustments and premiums; leads ongoing insurance or risk retention programs.
• Handles daily tasks with appropriate technology tools.

Skills

Commercial insurance

Construction experience

Professional development

Education

Bachelor's degree

Property and Casualty Broker License

Job description

Aon is looking for an Account Executive III in New York City or Boston!

Are you looking for an opportunity to take the next step in your Construction & Infrastructure Risk career? Keen to work with an experienced team who are motivated by exciting work and continuous learning?

Our Construction Services Group is seeking an Account Executive III to join their team in the Northeast!

What the day will look like:

• Collaborates with senior unit members to develop coverage strategy and marketing initiatives for renewal and prospective business
• Accurately and timely responding to client requests and inquiries
• Preparing new business and renewal and keeping them up to date
• Analyzes client specific risk exposure and details coverage requirements; prepares and presents marketing proposals for renewals and new business
• Establish and maintain positive relationships with the underwriting community, especially key partner markets
• Processing, and/or issuing where applicable, new policies and policy renewals, changes, additions, deletions and cancellations
• Reviewing and proofreading all assignments, acquiring accurate signatures and dispensing as appropriate
• Calculating adjustments and premiums on polices and other insurance and provider documents
• Lead, measure and report on ongoing insurance or risk retention programs
• Handle daily tasks and key assignments with appropriate technology tools

Skills and experience that will lead to success

• 10+ years experience of commercial insurance experience, preference for those experienced in Construction
• Commitment to ongoing learning and professional development including insurance courses/certifications/designations
• Thorough analysis of current risk transfer programs, such as coverage and cost analysis and graphical representations of the program
• Insurance program structure planning and design of alternatives based on client objectives
• Prepare marketplace insurance submissions, coordinate, and assist in market meetings and negotiations, as appropriate
• Finalize all risk transfer quotes and complete a thorough comparison of program options as part of the client proposal presentation. Comparison to include changes in exposure, losses, coverage terms and conditions and cost of risk
• Contract Review
• Responsible for ensuring proper client service
• Policy and other related document checking
• Invoicing and other transactional duties
• Review and clearing audits and adjustments
• Claims review and analysis
• Assist team as needed, ie: special projects, daily backup

Education:

• Bachelor's degree in or equivalent years of industry experience.
• A Property and Casualty Brokers License is required, or must be obtained within 120 days of hire if not already active

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [e-mail]

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $170,000 to $250,000 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.

This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

A summary of all the benefits offered for this position:

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.