What are the responsibilities and job description for the Commercial Lines Account Manager position at The Demarco Group?
Seeking a hybrid remote licensed Commercial Lines AM or SR AM for a mid market generalist book for a top 5 privately held broker in the world.
(This role is hybrid 2-3 days in Seattle office) We have a AM and SR AM role in this practice.) This is a practice and team that has seen signicant growth while also maintaining a unmatched culture that empowers employees.
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Oversees the servicing of a designated book of business as relating to marketing, claims, and administration (mainly mid market and national accounts generalist book 10-500k revenue range)
• Recommends potential enhancements or improvements to processes, products, and/or policies
• Uses discretion and independent judgment when analyzing industry trends and providing related Client guidance.
• Develops financial models and reports for Client and more senior staff, provides interpretation and implication of analysis, as well as recommendations
• Provides expertise in strategic planning and consultative advice to clients, including the production, analysis, and recommendations for changes to coverage plans
• Engages in Client strategy meetings to manage insured expectations for upcoming term
• Develops and presents coverage plan and renewal terms to Client
• Assesses and interprets exposure information from the Client
• Analyzes quotes from carriers to determine appropriate recommendations
• Interprets and evaluates policy terms to ensure adequate coverage for Client’s identified exposures
• Participates in negotiations with carriers for new and renewal quotes
• Collaborates with senior staff in selecting new markets for submission and requesting quotes
• Reviews new business opportunity information and provides related recommendations to Unit Manager/Account Executive
• Establishes and maintains relationships and interfaces with Clients, carriers, and other vendors
• Researches and understands industry trends and government regulations
• Mentors and trains junior-level staff
Salary : $80,000 - $120,000
