Commercial Lines Account Manager at Foundation Risk Partners

Maitland, Florida, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

2-20 Property & Casualty License required
5+ years' experience in designated field
College degree or equivalent work experience
ARM, AAI, CPCU or CIC Designation or ability to obtain
Maintain a high degree of technical competence and industry expertise
Capable and willing to make sound decisions in unusual circumstances
Ability to handle stress of short time constraints and manage change
Ability to exercise independent judgment to conceptualize solutions for client needs
Build strong working relationships with internal team, clients and carrier partners
Exceptional multi-tasking, organizational, time management, and prioritization skills
Strong analytical, problem solving and decision-making skills
Must be a self-starter, imaginative and creative with exceptional communication skills, both verbal and written
Exercise high level of confidentiality

Responsibilities

Assist in developing retention strategy with Producer and Marketing
Prepare and deliver complete and accurate submissions including Acord Applications, supplemental applications, and additional underwriting information as needed
Prepare and present coverage recommendations to client
Bind coverage in compliance with subjectivities as required by the carrier, state statute and/or Surplus Lines Association
Review policy documents ensuring coverage is as requested and submit all necessary changes to the carrier
Manage day-to-day client requests including but not limited to policy administration and insurance placement; billing activity; claims administration; coverage/loss analysis; audit review; certificates of insurance; evidence of property; and cancellation/reinstatements
Review client contracts and recommend risk solutions and coverage placements
Identify potential exposures and develop cross sell opportunities
Maintain agency management system ensuring all data is accurate, complete, well documented and up to date in accordance with company policy
Perform other duties as requested or required

Skills

Key technologies and capabilities for this role

Commercial Lines InsuranceRisk Exposure AnalysisUnderwriting SubmissionsACORD ApplicationsPolicy BindingClaims AdministrationPolicy AdministrationCertificates of Insurance

Questions & Answers

Common questions about this position

What is the salary or compensation for the Commercial Lines Account Manager role?

This information is not specified in the job description.

Is this Commercial Lines Account Manager position remote or does it require office work?

This information is not specified in the job description.

What key skills are required for the Commercial Lines Account Manager position?

Required skills include exceptional multi-tasking, organizational, time management, and prioritization skills; strong analytical, problem solving and decision-making skills; and a high degree of technical competence and industry expertise.

What is the company culture like at Foundation Risk Partners?

This information is not specified in the job description.

What qualifications make a strong candidate for this Account Manager role?

Strong candidates hold a 2-20 Property & Casualty license, possess industry expertise, demonstrate independent judgment, build strong relationships, and have exceptional communication and problem-solving skills.

Foundation Risk Partners

Insurance brokerage and consulting services

About Foundation Risk Partners

Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.

Daytona Beach, FloridaHeadquarters

2017Year Founded

$2MTotal Funding

DEBTCompany Stage

Consulting, Financial ServicesIndustries

201-500Employees

Commercial Lines Account Manager at Foundation Risk Partners

Requirements

Responsibilities

Skills

Questions & Answers

Foundation Risk Partners

About Foundation Risk Partners

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Holidays

Paid Vacation

Risks

Over-reliance on AI could cause disruptions if technical issues arise.

Expansion into new regions may pose compliance and operational challenges.

Leadership changes might lead to strategic shifts affecting company stability.

Differentiation

Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.

The company focuses on a strategic mix of industry expertise and cultural fit.

Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.

Upsides

AI solutions have decreased cycle times by up to 90% for certain activities.

Prospect conversion rates have increased by up to 50% due to AI adoption.

Expansion into Baldwin, New York, offers new market opportunities.

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