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Commercial Insurance Account Manager - Fully Remote w. Construction Experience

Insurance Office of America
United States, United StatesRemotefull_timeVerifiedPosted 31 Jul 2024

About the role

  

***This is a fully remote Commercial Insurance Account Manager role supporting our Shared Services / Producer Operations Department. Must have a valid P&C License and construction accounts experience.*** 

 

Title: Commercial Insurance Account Manager

  

Welcome to Insurance Office of America – one of the nation’s largest and premier privately held insurance agencies! Recognized as a Top Workplaces USA Award winner, IOA’s commitment to both a rewarding culture and employee satisfaction is unwavering. Prioritizing a strong work/life balance, personal and professional growth, competitive benefits, and giving back to our community aren’t just clichés here – they’re a part of who we are. With a growing workforce and over 60 office locations across the US and Northern Ireland, we can confidently serve our clients with an unmatched standard of excellence. 

  

Want to learn more? Complete the application below and one of our talented recruiters will be ready to answer any other questions you may have. 

  

  

Job Summary 

  

Working in conjunction with Account Executive (AE) or Producer and following established industry and company guidelines; responsible for managing an assigned book of business; increasing account retention and new business support; and meeting all performance requirements regarding production, quality, and ensuring that no liability associated with errors and omissions occur. Responsible for strategic coordination and execution of day- to-day administrative and customer service activities for assigned accounts, and capable of resolving complex customer service problems, showing the ability for critical thinking and thought process in taking the next step in the best interest of the client, carrier partner and IOA.  

  

What You’ll Do: 

  

  • Maintain high degree of technical competence and industry/market expertise
  • Exercise discretion and independent judgment to ensure beneficial outcomes for clients and IOA
  • Direct day-to-day activities and workflow assigned to administrative, customer service and/or account management team which includes delegation and prioritization of assignment/task, communication on performance expectations, and monitoring execution to ensure performance requirements and timelines are met
  • Assist in monitoring team performance to ensure productivity, efficiency, quality, and service standards are met, recommending corrective actions to Management when appropriate
  • Management and execution of a variety of customer service and value-added service requests/inquiries including but not limited to: account activity; policy administration and insurance placement; billing activity; claims administration; coverage/loss analysis; contract review for insurability; review policy forms and endorsements; review audits; identify errors and facilitate corrective actions; Certificates of Insurance; Evidences of Property; and Cancellation/Reinstatements
  • Manage policy expirations for existing clients and works proactively to ensure appropriate actions are taken to facilitate renewals and ensures all new and renewal insurance policies are bound, billed and issued accurately and delivered to the Client/Insured within required timeframe
  • Manage policy renewal process in conjunction with AM, AE and/or Producer, including but not limited to:
    • Conducting client research and gathering complete underwriting information
    • Conducting Loss Run Analysis
    • Preparing complete and accurate submissions including Acord applications and/or supplemental forms; sending out to market and/or performing Online Rating as required
    • Evaluating and negotiating coverages and pricing
    • Preparing and presenting Proposals
    • Binding coverage and complying with any subjectivity(ies) as required by carrier, Surplus Lines Association and/or IOA
    • Preparing and executing Premium Finance Agreements, when applicable
    • Diligent follow up for Policy Issuance
    • Review all policies, identifying and notifying AE or Producer of any discrepancies and ensuring that all necessary changes are submitted to and issued by the carrier
    • Maintain

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Company

Insurance Office of America

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