Commercial Lines - Key Accounts Construction Account Executive

The Cincinnati Insurance Companies; Wisconsin; Hybrid; USD 100,000 - 195,000; Full time

Job summary

A leading insurance company is seeking a Construction Account Executive to manage underwriting packages in Wisconsin. You will work closely with agents, drive revenue growth, and develop risk management strategies. The ideal candidate has at least five years of underwriting experience, particularly in the construction field, along with strong analytical and communication skills. This full-time position offers a competitive salary and potential bonuses.

Qualifications

• 5 years of underwriting experience with a focus on construction.
• Working knowledge of large account marketing.
• Willingness to travel.

Responsibilities

• Manage a territory of guaranteed cost and loss-sensitive business.
• Engage with partner agents and brokers.
• Develop and execute stewardship service plans.

Skills

Underwriting experience

Analytical skills

Excellent communication skills

Negotiation abilities

Relationship building

Creative thinking

Portfolio management

Education

College degree

CPCU or other designations

Job description

Overview

Commercial Lines - Key Accounts Construction Account Executive. The position is for our Wisconsin and Minnesota territories; positions serving territories away from our Headquarters in Fairfield, Ohio may be fully remote.

Pay

Base pay range: $100,000.00/yr - $195,000.00/yr. The pay determination is based on the applicant’s education, experience, location, knowledge, skills, and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.

Responsibilities

• manage a territory of guaranteed cost and loss sensitive business as a life-cycle underwriter, responsible for both new business production goals and a renewal book of business
• engage with partner agents and brokers that drive revenue with Key Account size business by promoting the company’s products and services
• work to strategically grow by partnering with our local field marketing reps to drive submission activity
• understand the agency planning process and impact of contingency/supplemental commission arrangements
• speak competently about relevant issues affecting contractors and how it impacts their risk management program
• evaluate and document contractor exposures and controls, analyzing actuarial loss models using both predictive analytics and a layered and excess loss approach
• price business to achieve positive returns within the framework of the organization’s risk appetite
• effectively negotiate renewals to achieve business unit goals, including rate/retention dynamics and policy terms and conditions
• pro-actively engage insureds in the assigned territory, developing and executing on stewardship service plans - addressing claims, loss control and RMIS service needs
• collaborate with, and mentor less experienced underwriters

Qualifications

• five years of underwriting experience, preferably with a focus on the construction sector
• working knowledge of large account marketing and underwriting, including awareness of loss sensitive programs, familiarity with collateral concepts, wrap-ups and other contractor specific coverage is desired
• analytical and critical-thinking skills
• excellent oral and written communication skills
• strong negotiation and relationship-building abilities
• understanding of portfolio management and ability to balance growth and profit dynamics to achieve company targets
• self-starter with creative thinking and an ability to create opportunity
• willingness to travel

Education And Experience

• college degree preferred
• CPCU/other designations preferred

Additional Information

Enhance your talents: Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional – all while enjoying a meaningful career.

Benefits and amenities: We offer a variety of benefits and amenities packages. Learn more about our benefits and amenities packages.

Embrace a diverse team: We welcome and value a diverse workforce and are an equal opportunity employer. All job applicants have rights under Federal Employment Laws. See the posted information for those rights.

Job Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Sales and Business Development
• Industries: Insurance

Location note: Richfield, WI; Janeield, WI postings show related roles and compensation ranges.