Commercial Lines Account Manager

Foundation Risk Partners; Auburn (CA); On-site; USD 70,000 - 80,000; Full time

Benefits offered by this job

Health-related benefits

401(k) with company match

Generous PTO policy

Company-paid life insurance

Job summary

Foundation Risk Partners is seeking a Commercial Lines Account Manager to join their George Petersen Insurance team in Auburn, CA. This role involves assisting P&C Producers and clients in managing all servicing needs, ensuring effective communication and collaboration with various business contacts.

The ideal candidate should have a Bachelor's degree and at least 2 years of insurance experience, along with a Property and Casualty Producers License. The role provides a salary range of $70,000 to $80,000 USD and offers various health-related benefits, including 401(k) match and generous PTO policies.

Qualifications

• Minimum 2 years of insurance experience required.
• Ability to analyze complex insurance situations.
• Strong understanding of insurance products and markets.

Responsibilities

• Assist producers with client servicing needs.
• Provide technical support and analyze coverage forms.
• Prepare and issue insurance documents like binders and certificates.

Skills

Analytical skills

Communication skills

Insurance product knowledge

Computer proficiency

Negotiation skills

Time management

Education

Bachelor’s degree

Property, Casualty Producers License

Tools

AMS-360

Outlook

Excel

Word

Job description

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Commercial Lines Account Manager to their George Petersen Insurance team in Auburn, CA.

Job Summary

The Account Manager assists P&C Producers and clients with all servicing needs and provides information and guidance to facilitate achieving business goals. The Account Manager maintains an effective relationship with clients, co‑workers, carriers, vendors, and other business contacts. The Account Manager also keeps abreast of industry trends, new product information, legislation, coverages, and technology to continuously improve the knowledge and performance of the agency.

Essential Functions

• Provide technical support to P&C Producers; specifically in managing client needs, analyzing coverage forms and quotations.
• Accompany P&C Producers on client and prospect meetings as requested.
• Complete client applications in coordination with P&C Producers; submit applications to eligible and appropriate carriers; follow up to ensure timely receipt of quotations, endorsements, and policies.
• Order and issue binders, certificates, policies, endorsements, and other related items; verify their accuracy; forward them to client with appropriate correspondence with the assistance of the Associate Account Consultant.
• Determine whether direct billing, agency billing, or premium financing is appropriate and invoice accordingly.
• Prepare summaries of insurance, schedules, and proposals as needed.
• Process renewals in coordination with P&C Producers according to agency procedures; occasionally take lead in renewal meetings with the client, strategy determination, marketing, and carrier negotiations.
• Review audit of policies; verify accuracy and facilitate corrections, as needed, between client and carrier.
• Verify policy and policy change information, facilitating corrections when necessary.
• Process incoming mail and phone requests, responding promptly and appropriately.
• Use agency credit and collection policy in invoicing and pursuing prompt payments; request cancellations from the carrier according to agency standards.
• Determine reasons for requests for cancellations; act to save accounts; notify P&C Producers.
• Process and follow up on cancellation requests to carriers to ensure accurate and timely resolution; maintain agency in financial equity whenever possible.
• Identify exposure to loss and recommend appropriate coverages in coordination with P&C Producers.
• Prepare premium allocations for clients as needed.

Competencies and Qualifications

• Ability to analyze complex insurance situations, needs and options and communicate these options both verbally and in writing in a clear, concise manner.
• Ability to understand written and oral communication and interpret abstract information.
• Knowledge of insurance products and usages.
• Knowledge of insurance markets and reference to markets.
• Knowledge of insurance rating and underwriting procedures.
• Ability to carry out complex tasks with many concrete and abstract variables.
• Strong computer skills with proficiency in Outlook, Excel, Word and AMS‑360.
• Ability to direct others.
• Ability to work independently and take the lead on all elements of client servicing when necessary.
• Advanced negotiation and presentation skills.
• Ability to manage tight deadlines.

Education and Experience

• Bachelor’s degree with a minimum of 2 years insurance experience.
• Property, Casualty Producers License.

Pay Transparency Range

$70,000 - $80,000 USD

Equal Employment Opportunity

Foundation Risk Partners provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.

Benefits

FRP offers a comprehensive range of health‑related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company‑paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays and 2 floating holidays.