Sales Associate at ParetoHealth

Philadelphia, Pennsylvania, United States

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

NoVisa

Health Insurance, Employee BenefitsIndustries

Requirements

Bachelor's degree in Business, Finance, or related field preferred
Previous experience in insurance sales, account management, or underwriting preferred
Strong understanding of insurance products, underwriting principles, and risk assessment
Excellent communication and interpersonal skills, with the ability to build rapport with clients and colleagues
Detail-oriented with strong organizational and multitasking abilities
Proficiency in insurance software and Microsoft Office Suite
Commitment to upholding ethical standards and compliance with industry regulations
Authorized to work in the United States without sponsorship both now and in the future

Responsibilities

Meet or exceed sales targets and performance metrics
Develop and maintain relationships with clients, providing personalized service and addressing their insurance needs
Conduct thorough insurance assessments for clients, analyzing risks and recommending appropriate coverage options
Collaborate with underwriters to review policy applications, assess risk factors, and ensure compliance with underwriting guidelines
Prepare and present insurance quotes to clients, explaining coverage options, terms, and premiums
Work closely with the sales team to identify cross-selling and upselling opportunities within existing client accounts
Stay informed about industry trends, regulatory changes, and new insurance products
Maintain accurate client records and documentation in the agency management system

Skills

insurance products

sales targets

client relationships

insurance assessments

risk analysis

underwriting

policy applications

insurance quotes

ParetoHealth

Self-insured employee health benefits solutions

About ParetoHealth

ParetoHealth offers employee health benefits solutions for small and medium-sized businesses through a self-insured model, allowing companies to set aside funds for health claims instead of paying insurance premiums. Their main product is the "benefits captive" program, where multiple companies share the risk of health claims, helping to manage costs and provide comprehensive benefits. Unlike competitors, ParetoHealth uses data-driven intelligence to monitor and control claims costs, ensuring employees receive quality care at competitive prices. The company's goal is to deliver a complete solution for health benefits while fostering diversity, equity, and inclusion in the workplace.

Philadelphia, PennsylvaniaHeadquarters

2011Year Founded

$522.1KTotal Funding

GROWTH_EQUITY_VCCompany Stage

Data & Analytics, Consulting, HealthcareIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

401(k) Company Match

401(k) Retirement Plan

Risks

Increased competition from new entrants may erode ParetoHealth's market share.

Economic downturns could reduce SME spending on employee benefits, impacting revenue.

Regulatory changes could increase compliance costs for self-insured health plans.

Differentiation

ParetoHealth offers a unique self-insured model for SMEs to control health costs.

Their benefits captive program pools resources to mitigate large health claim risks.

Data-driven intelligence is used to manage and control employee health claims costs.

Upsides

Warburg Pincus's investment indicates strong market confidence in ParetoHealth's growth potential.

Reaching 2,000 employers in their captive program shows successful market penetration.

New leadership roles focus on enhancing customer experience and expanding market reach.

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