Associate Account Executive

RLI Insurance Company; Peoria (IL); Hybrid; USD 47,000 - 66,000; Full time

Benefits offered by this job

ESOP

Annual bonus

401(k)

Job summary

RLI Insurance Company is seeking aSales-focused professional to manage and promote insurance products in an assigned market. You will identify and close sales opportunities through a mix of in-person and remote selling, while developing long-term relationships with key agents and driving growth.

The role involves prospecting, presenting solutions, and nurturing opportunities to expand book of business. A bachelor’s degree and 0-2 years of related experience are preferred, with a strong emphasis

Qualifications

• Bachelor's degree in marketing, insurance, or related field preferred.
• 0-2 years of experience in a similar field.
• Strong sales and relationship-building skills.
• Ability to understand client needs and translate them into solutions.

Responsibilities

• Manage and promote insurance products in assigned market.
• Identify and close on sales opportunities through a mix of in-person and remote selling.
• Determine potential opportunities for new business and cross-sell opportunities.
• Develop long-term relationships with key agents and grow repeat business.
• Identify prospects through lead generation activities.
• Conduct customer meetings in person and remotely to explain services.

Skills

Sales

Relationship building

Communication skills

Problem solving

Independence

Education

Bachelor's degree in marketing, insurance, or related field

Job description

We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results.

We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results.

RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.

Position Purpose

Under occasional supervision, develops and manages transactional sales opportunities for a defined region through a combination of in-person selling, remote relationship building, and closing on new opportunities. Provide ongoing account management and problem solving, along with finding new opportunities to up-sell and cross-sell to agents within the region. Gathers and analyzes market intelligence on competitors, performs audits, and attend various meeting and industry functions as needed.

Principal Duties & Responsibilities

• Manage, build, and promote insurance products within an assigned market.
• Identify and close on sales opportunities through a combination of in-person and remote selling in order to successfully market and grow insurance product premiums.
• Determine potential opportunities for new business, add-on or cross-selling business, and maintain future opportunities.
• Develop long-term relationships and repeat business by understanding the problems, challenges, and needs of key agents and developing solutions to address these issues.
• Identify prospects through various lead generation activities.
• Manage one-on-one customer meetings, both in person and remotely, with customers to explain services and train their staff on our technology.
• Maintain quality service by establishing and enforcing organizational standards.
• Prepare reports by collecting, analyzing, and summarizing information.
• Monitor and report on competitive changes in the marketplace including changes to rate, product, underwriting, and agency compensation models.
• Assist in special projects and other duties as needed.

Education & Experience

Prefers a bachelor’s degree in marketing, insurance, or a related field and 0-2 years of experience in a similar field or position.

Knowledge, Skills, & Competencies

• Demonstrated ability to achieve sales objectives.
• Ability to build, foster and maintain positive, professional customer relationships.
• Excellent interpersonal communication and presentation skills
• Problem solving and conflict resolution capabilities.
• Willingness to develop in depth understanding of RLI business.
• Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and customers.
• Ability to communicate findings and recommendations to management on insurance sales matters.
• Creativity in solving issues and problems.

Compensation Overview

The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.

Base Pay Range

$46,747.00 - $65,563.00

Total Rewards

At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.

Financial Incentives

• Annual bonus plans
• Employee stock ownership plan (ESOP)
• 401(k) — automatic 3% company contribution
• Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)

Work & Life

• Paid time off (PTO) and holidays
• Paid volunteer time off (VTO) to support our communities
• Parental and family care leave
• Flexible & hybrid work arrangements
• Fitness center discounts and free virtual fitness platform
• Employee assistance program

Health & Wellness

• Comprehensive medical, dental and vision benefits
• Flexible spending and health savings accounts
• 2x base salary for group life and AD&D insurance
• Voluntary life, critical illness, & accident insurance for purchase
• Short-term and long-term disability benefits

Personal & Professional Growth

RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:

• Training & certification opportunities
• Tuition reimbursement
• Education bonuses

Diversity & Inclusion

Our goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results.

RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.