Commercial Lines Account Manager

Foundation-Risk-Partners; Los Angeles (CA); On-site; USD 85,000 - 90,000; Full time

Benefits offered by this job

401(k) with company match

Health insurance

Paid time off

Job summary

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 SIP Insurance team in the Los Angeles Metropolitan Area.

The Account Manager assists P&C Producers and clients with servicing needs, processes applications, endorsements and renewals, and helps to maintain strong relationships with clients, carriers and co-workers.

Qualifications

• Bachelor’s degree required.
• Property/Casualty license required or in process.
• Minimum 2 years insurance experience.

Responsibilities

• Support P&C Producers and clients with servicing needs.
• Assist in client meetings and prepare applications and quotations.
• Process binders, policies, endorsements, and renewals.
• Coordinate billing options and invoice accordingly.
• Identify exposure to loss and recommend coverages with Producers.

Skills

Insurance analysis

Communication skills

Negotiation

Client servicing

Independent work

Leadership

Time management

MS Office (Outlook, Excel, Word)

AMS-360

Team collaboration

Education

Bachelor’s degree

Property & Casualty 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 SIP Insurance team in Los Angeles Metropolitan Area.

Job Summary

The Account Manageris responsible forassistingthe P&C Producers and clients with all servicing needs andprovidinginformation and guidance, as needed, to help to achievethe businessgoals. The Account Managermaintainsan effective relationship with clients, co-workers, carriers,vendors,and other business contacts.The Account Manager is also responsible for keeping abreast of industry trends, new product information, legislation,coverages,and technology to continuously improvethe knowledgeand performance of the agency.

Essential Functions

• Providestechnical support toP&CProducers;specifically in managing client needs, analyzing coverage forms and quotations
• AccompaniesP&C Producers on client and prospect meetings as requested
• Completes client applications in coordination with P&C Producers;submitsapplications to eligible andappropriate carriers; follows up to ensuretimelyreceipt of quotations,endorsements,and policies
• Orders and issues binders, certificates, policies,endorsements,and other related items;verifiestheir accuracy;forwardsthem to client withappropriate correspondencewith theassistanceof the Associate Account Consultant.
• Determinesif direct billing, agencybillingor premium financing isappropriateand invoices accordingly
• Prepares summaries of insurance, schedules and proposals as needed
• Processes renewals in coordination withP&C Producers according to agency procedures. Occasionally takes lead in renewalmeetingwith the client, strategy determination,marketingand carrier negotiations.
• Reviews audits of policies; verifies accuracy andfacilitatescorrections, as needed, between client and carrier
• Verifies policy and policy change information,facilitatingcorrections when necessary
• Processes incoming mail and phone requests, responding promptly and appropriately
• Uses agency credit and collection policy in invoicing and pursuing promptpayments;request cancellations from the carrier according to agency standards
• Determinesreasons for requests for cancellations; acts to save accounts; notifies P&C Producers
• Processes and following up on cancellation requests to carriers to ensureaccurateandtimelyresolution;maintainsagency in financial equity whenever possible
• Identifiesexposure to loss and recommendsappropriatecoveragesin coordination withP&C Producers
• Prepares 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 oralcommunication andinterpret 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 withproficiencyin Outlook, Excel,Wordand 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

This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience. The range listed is just one component of FRP's total compensation package for employees.

Pay Transparency Range

$85,000 - $90,000 USD

Disclaimer

While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.

Equal Employment Opportunity (EEO)

FRP 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.

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 & 2 floating holidays!