Senior Account Manager, Ultra High Net Worth Private Client

Foundation Risk Partners; Teaneck Township (NJ); On-site; USD 115,000 - 125,000; Full time

Benefits offered by this job

Health benefits (medical, vision, and…

401(k) with company match

Life insurance

STD/LTD

PTO 18 days + 10 holidays & 2 floating

Job summary

Foundation Risk Partners in Teaneck, NJ is seeking a Senior Account Manager for Ultra High Net Worth Private Client. You will manage sophisticated personal insurance programs for high-net-worth clients, delivering high-touch service and strategic risk management.

You will lead renewal strategies, coordinate multi-policy programs, negotiate with carriers, and advocate for clients throughout the claim process, working closely with family offices and trusted advisors.

Qualifications

• 8+ years of personal lines insurance experience with a meaningful concentration in HNW/UHNW Private Client account management.
• Current applicable insurance license(s).
• Strong technical knowledge of personal property and casualty coverage and the ability to analyze complex policy language and coverage structures.
• Polished written and verbal communication skills with UHNW clients, family offices, wealth managers, attorneys and business managers.

Responsibilities

• Manage all aspects of the client relationship and ongoing service for a portfolio of HNW and UHNW Private Client accounts.
• Conduct comprehensive annual exposure, coverage and limit reviews, identifying changes in assets and risk profile.
• Develop renewal strategy and lead remarketing, including underwriting submissions and negotiations with carriers.
• Evaluate policy forms, coverage terms, limits, deductibles, exclusions and enhancement opportunities, communicating recommendations clearly.
• Coordinate multi-policy personal programs including multiple residences, autos, collections, watercraft, excess liability.
• Provide proactive claims counseling and advocacy, coordinating with carrier claims professionals.
• Handle day-to-day service needs including coverage changes, billing questions and policy matters.
• Identify opportunities to strengthen client programs through higher limits or better terms.
• Maintain relationships with Private Client underwriters and carrier partners; represent clients in discussions.
• Partner with producers, family offices and outside advisors for a high-touch client experience.

Skills

HNW/UHNW Private Client account mgmt

Client relationship mgmt

Underwriting & renewal strategy

UHNW client communication

Applied Systems

MS Office proficiency

Education

Insurance license(s)

Tools

Applied Systems

Microsoft Office

Job description

Senior Account Manager, Ultra High Net Worth Private Client

Teaneck, New Jersey, United States

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Senior Account Manager - Ultra High Net Worth Private Client to their MSG team in New York Metro Region.

Job Summary:

The Senior Account Manager is a senior, client-facing member of our Private Client practice, responsible for managing sophisticated personal insurance and risk-management programs for high-net-worth and ultra-high-net-worth individuals and families. The position combines exceptional client service with technical coverage expertise, proactive risk identification, renewal strategy, market negotiation and claims advocacy.

The successful candidate will be comfortable serving discerning clients with complex assets and exposures and collaborating with family offices and trusted advisors. This is not a transactional service role. We are looking for an experienced insurance professional who can anticipate issues, think strategically and serve as a trusted resource to clients throughout the relationship.

Essential Functions:

• Manage all aspects of the client relationship and ongoing service for a portfolio of HNW and UHNW Private Client accounts.
• Conduct comprehensive annual exposure, coverage and limit reviews, identifying changes in the client’s assets, lifestyle and risk profile.
• Develop renewal strategy and lead remarketing when appropriate, including preparation of underwriting submissions and negotiation with incumbent and alternative Private Client markets.
• Evaluate policy forms, coverage terms, limits, deductibles, exclusions and enhancement opportunities, and communicate recommendations clearly to clients and their advisors.
• Coordinate complex, multi-policy personal insurance programs that may include multiple residences, automobiles, valuable collections, watercraft, excess liability and specialty exposures.
• Provide proactive claims counseling and advocacy, helping clients navigate the claim process and coordinating with carrier claims professionals and other advisors as appropriate.
• Handle sophisticated day-to-day service needs accurately and responsively, including coverage changes, evidence of insurance, billing questions and other policy matters.
• Identify opportunities to strengthen client programs through additional coverage, higher limits, improved policy terms or alternative risk-management solutions.
• Maintain strong working relationships with Private Client underwriters and carrier partners and represent the client effectively in underwriting and coverage discussions.
• Partner closely with producers, internal team members, family offices and outside advisors to deliver a coordinated high-touch client experience.

Competencies & Qualifications:

• 8+ years of personal lines insurance experience, with a meaningful concentration in HNW/UHNW Private Client account management.
• Current applicable insurance license(s).
• Strong technical knowledge of personal property and casualty coverage and the ability to analyze complex policy language and coverage structures.
• Polished written and verbal communication skills and confidence interacting directly with UHNW clients, family offices, wealth managers, attorneys, accountants and business managers.
• Excellent judgment, organization, follow-through and attention to detail in a high-touch, fast-moving environment.
• Ability to work collaboratively across account management, production, claims and carrier relationships.
• Experience with Applied Systems and strong proficiency with Microsoft Office applications preferred.
• Sports & Entertainment Private Client experience is helpful but not required.

Education & Experience:

• Demonstrated experience with high-value and multiple residences, including coastal and catastrophe-exposed properties.
• Experience with California wildfire/brush and earthquake exposures.
• Knowledge of fine art, jewelry and other valuable collections; exotic and collector automobiles; yacht/watercraft; personal umbrella/excess liability; and builder’s risk/course of construction.
• Strong experience with leading Private Client carriers, particularly Chubb, PURE and AIG, with additional high-value-home market experience beneficial.

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

$115,000 - $125,000 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!

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Foundation Risk Partners’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.