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Marsh McLennan Agency

Private Client Account Executive

Marsh McLennan Agency, Metairie, Louisiana, us, 70011

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Private Client Account Executive

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Marsh McLennan Agency JOB TITLE: Private Client Account Executive JOB TYPE: FLSA Exempt

Essential Duties & Responsibilities

Documentation

Process documents necessary to maintain the Client Insurance Program, utilizing agency management system. These duties include but are not limited to:

Act as the primary contact with the Producer and/or Client.

New Business placement and cross selling is conducted as needed to maintain client’s insurance program.

Initiate correspondence with the marketplace.

Function as the primary contact with all companies to ensure proper processing of all requests necessary to effectively maintain the client’s insurance program.

Maintain positive client relationships and have the ability to analyze situations, make proactive decisions and follow through.

Prepare and obtain pre renewal updates for all clients.

Create Acord applications, including Supplementals, as needed, for submissions to carriers.

Utilize carrier websites and/or Silverplume as appropriate to price policies

Prepare Proposals or Summaries for renewal terms

Issue Acord Insurance Binders for renewal terms if policies are not delivered to clients prior to renewal

Initiate Premium payment requests

Prepare policies for delivery to client

Identify and resolve Accounting discrepancies

Create requests for changes to client’s coverages

Manage Accounts Receivables

Manage Direct Billing with respect to Cancellations

Process mail and phone requests on daily basis

Prepare documents for renewal terms, including Insurance Proposals, Acord Insurance Binders and Evidences of Insurance

Adhere to document retention software documentation guidelines

Check all insurance policies in their entirety

In absence of more senior team members, provide direction and guidance to other team members when appropriate

Consultative ability to instruct and direct the client as appropriate to meet client needs

Teamwork

Function as team member of the Agency Workforce to ensure superior service to all MMA Clients.

Delegate tasks to Account Manager, as appropriate

Delegate tasks to outsourcing teams, as appropriate.

Ensure tasks from both Account Manager and outsourcing team are completed as directed

Ensure Account Manager is performing all tasks as outlined in the MMA Account Manager Job Description

Treat clients, prospects, and company employees with courtesy and respect.

Contribute to a team approach toward meeting goals and providing excellent client service.

Coordinate and monitor usage and quality of outsourcing teams

Be a mentor to the Account Manager, being an integral part of their training

Provide direction and guidance to other team members when appropriate

Build and maintain carrier and broker relationships

Negotiate with carriers on cost and program design

Assist in plan recommendations for the client

Coordinate, Present and Attend Client Meetings including though not limited to: Schedule/Participate in Mid-year and Renewal Meetings, including coordinating materials used in meetings (with demonstrated meeting purpose), with or without Producer as necessary

Technical Expertise

Demonstrate the technical expertise to assist in maintaining the Client Insurance Program.

Analyze insurance quotes and make recommendations

Comprehend and interpret Insurance Contract requirements for Certificates

Communicate with insurance carriers as needed

Communicate with clients as needed

Client facing meeting as required, either in-house or offsite

Become proficient using premium analysis software

Stay up to date on carrier plans and websites

Utilize carrier online rating programs as necessary

Negotiate with carriers on cost and program design

Maintain knowledge of policy forms and endorsements with ability to explain detailed coverage provisions to the client and Account Manager

Design insurance program for client based on defined needs.

Utilize agency management system to monitor pre-defined activities

Identify and address any coverage gaps with Producer, carrier and client.

Become subject matter expert and resource in area of interest or technical capability.

Requirements

Licensed: Louisiana P&C Agent

Education: Bachelor’s Degree, preferred

Minimum of 2-4 years of Private Client Account Executive Experience preferred

Obtain relevant insurance designations. If no designations, then 6 years of experience as an Account Executive preferred

Demonstrate ability to multi-task and prioritize work

Willingness to work to meet client needs beyond scheduled hours

Proficient at Word, Excel, and current internet technologies

Demonstrate proactive work style

Ability to learn, analyze and comprehend commercial lines of insurance

Demonstrate ability to service clients effectively through problem solving, confidentiality, diplomacy, sensitivity and tactfulness

Demonstrated experience in client facing roles and routine client contact

Ability to interact with and direct employees in various roles

Ability to speak professionally in front of others

Willingness to work to meet client needs beyond scheduled hours, including after hours and weekends when necessary

Maintain a positive, professional attitude and treat clients and colleagues with respect

Represent the agency in a competent, professional manner and appropriate business attire for client events

Ability to travel to meet client service needs when necessary

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Marsh & McLennan Agency offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: Marsh MMA careers

Location: New Orleans, LA

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