Account Manager

Risk Strategies Company; Berkeley Heights (NJ); On-site; USD 60,000 - 80,000; Full time

Job summary

Risk Strategies Company is seeking an Account Manager based in Berkeley Heights, New Jersey. The Account Manager will be responsible for managing daily client service needs for a designated book of business, requiring strong communication and analytical skills. The role demands a minimum of 2 years of experience in a Property and Casualty brokerage environment and an active P&C insurance license. The successful candidate will also participate in renewal strategies and manage communication with clients and vendors.

Qualifications

• Must hold an active P&C insurance license.
• Minimum 2 years experience in a Property & Casualty brokerage environment.
• Ability to follow processes and procedures.

Responsibilities

• Manage daily client service needs for a designated book of business.
• Participate in renewal strategy discussions and manage renewal book.
• Work with vendors to issue Certificates and Invoices.

Skills

Analytical skills

Problem-solving abilities

Good communication skills

Interpersonal skills

Negotiation skills

Ability to work in teams

Education

Active P&C insurance license

2+ Years of experience in Property & Casualty brokerage

Job description

The Account Manager's main responsibility is to manage daily client service needs for a designated book of business, which may be overseen by a Producer or Account Executive responsible for service, placement, and business development. This role involves extensive use of system tools and frequent client communication via email or phone. The Account Manager must strictly adhere to corporate procedures, including maintaining data integrity within the system of record. As a key part of the client team, the Account Manager also provides guidance to any third-party vendors managing aspects of the account.

Your Impact

• At the direction of the Producer or Account Executive (Prod/AE), participate in renewal strategy including discussion of the markets to approach, claims reviews and exposure gathering. Manage a renewal book of business, including creation of submissions, supporting the placement process, including Proposals and Binding.
• Provide support in drafting exposure gathering information, loss exhibits, submissions and proposals.
• Obtain loss run or policy documentation directly from a carrier website as needed.
• Receive daily questions or changes from the client or forwarded by the Prod/AE.
• Work with Associate Account manager or 3rd party vendor to issue Certificates, Invoices, policy/endorsement/audit checking. Submitting and managing changes to the carrier per the client's request.
• Update the system of record to properly reflect conversations, communications and policy documentation. Processing of monthly, quarterly or annually audits and monthly reports as received. Handling contract reviews that are not complex in nature. Claims management; instructing the client to report notice of loss directly to the carrier or provide claims reporting and support for ongoing large claims.
• Setting up the policy in the system of record to properly reflect all pertinent information for billing. Responsible for request for invoice on an agency bill policy within the corporate guidelines.
• Communication with the Client and Producer when there is an Aged A/R issue. Generate the request to return funds to the client as appropriate. Timely response to accounting when requests for information are made, such as carrier discrepancies, application of cash, etc.
• Align RSC with our partner carriers and intermediaries so that renewals are placed with ideal markets. Implementation of the “Fewer & Stronger” market consolidation initiative.

Successful Candidate Will Have

• Active P&C insurance license.
• 2+ Years of experience in a Property & Casualty brokerage environment. Knowledge of Property & Casualty business.
• Ability to follow process and procedures guidance.
• Analytical and problem-solving abilities.
• Ability to display tact and poise under pressure when working through issues.
• Good communication, interpersonal, and negotiation skills.
• Ability to work efficiently in teams.