Account Executive, Commercial
1PasswordSalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Commercial Lines Account Manager at Foundation Risk Partners
Jacksonville, Florida, United States
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
Questions & Answers
Common questions about this position
What is the salary or compensation for this Commercial Lines Account Manager role?
This information is not specified in the job description.
Is this Commercial Lines Account Manager position remote or office-based?
This information is not specified in the job description.
What key skills are required for the Commercial Lines Account Manager role?
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 position?
Strong candidates will have a 2-20 Property & Casualty license, industry expertise, ability to exercise independent judgment, exceptional communication skills, and experience building relationships with teams, clients, and carriers.
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
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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