Surety and Bonds Account Manager at Marsh McLennan

Company:Marsh McLennan AgencyDescription:Account Manager- Surety and BondsOur not-so-secret sauce.Award-winning inclusive Top Workplace culture doesnt happen overnight. Its a result of hard work by extraordinary people. More than 11000 of the industrys brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can thrive as an Account Manager at Horton a Marsh McLennan Agency (MMA).MMA provides business insurance employee health & benefits retirement and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 200 offices across North America we combine the personalized service model of a local consultant with the global resources of the worlds leading professional services firm Marsh McLennan (NYSE: MMC).What You DoExecution of Client Service Works with Producer and/or Account Executives service team and other internal departments to plan execute and track customized service strategy for each client designed to create measurable value and efficiencies in their businesses Manages creation of proposals providing summary of programs and options service plan and other specific deliverables designed to support clients in making decisions about insurance programs Builds personalized client relationships through demonstrated ownership of the service plan and multiple channels of communication such as phone email and in-person meetings Analyzes risk coverage program structure and recommends options; executes coverage and program changes Oversees the accuracy and display of information in client portals; consults with and enacts client decisions on access to portal by their staff Leverages insurance knowledge and communication skills to explain coverage terms program options and other items to clients as needed Works with internal departments to ensure cohesiveness and timeliness of service execution and creates report of service plan execution through commitment report Takes an enterprise-wide approach to client service by collaborating with other service teams to create a cohesive client service experience Manages time effectively to prioritize workload client service requests and service parameters on business processesMarket Strategy and Negotiation Works with service team to effectively manage and oversee new business and renewal processes by following workflow procedures and best practices Creates submission for underwriters by engaging with clients and prospective clients on their exposures coverages and program needs assembling into submission package following best practices Communicates with underwriters on submissions and negotiates premium coverage and other terms on behalf of clients Evaluates coverage terms and conditions of quotes received from underwriters; compares quote options from multiple carriers and presents coverage comparisons as requested Remains current on forms coverage insurance carriers industry trends and legislation Maintains positive working relationships with insurance carriers attends meetings and events as appropriate and proactively learns about their products and underwriting approachesData Process and Integrity Consistently follows client service workflows and appropriately engages internal resources such as process support team procedure manuals and reporting tools to ensure efficiency and accuracy of execution Accurately maintains complete client files including the clear documentation of account detail in agency management systems including policy information activities attachments and correspondence Achieves desired levels of data completeness and process integrity by consistently meeting activity timelines quality metrics and goalsPeer Relationships Participates in ongoing scheduled meetings with service team to discuss accounts renewals service needs service platform etc. Trains guides and mentors Client Service Representatives and other peers Communicates effectively with Client Service Representatives and provides timely and complete information to allow them to establish positive client relationships and efficiently manage their processes and workload Develops successful and effective working relationships with Producers Account Executives Client Service Representatives service team members managers carriers and members of other departmentYour Education and ExperienceRequired Producers License for Property/Casualty or Life/Health as appropriate for role or able to obtain within 75 days Available to travel to both local and long-distance client meetings Has means of transportation for local travel as needed 2 years Account Manager experience within an insurance brokerage or comparable experience Support surety bond Producers Account Executives and colleagues in day-to-day operations and client interactions. Timely execution of all bonds as requested from clients Maintains proper level of communication and builds effective relationships with clients and companies. Gather and organize client information for each bond request in independent direct communication and interaction with the clients Submit current client bond requests to Underwriters procure required approvals independently. Assist with processing and billing of renewals and Involvement in managing account premium receivables as necessary. Learn to evaluate financial statements to assess client creditworthiness. Aid in the preparation of documentation for the underwriting process (annual updates) Provide administrative support including maintaining client records and managing correspondence. Assist in monitoring bond portfolios and preparing status reports. Stay updated on industry regulations guidelines and market trends. Have a deep understanding of surety bond products and services. Participate in training programs to enhance knowledge and skills in surety bond management.Preferred Experience working with agency management systems Proficient skill level in Microsoft Office SuiteValuable benefits.We value and respect the impact our colleagues make every day both inside and outside our organization. Weve built a culture that promotes colleague well-being through robust benefit programs and resources encourages professional and personal development and celebrates opportunities to pursue the projects and causes that give colleagues fulfilment outside of work. Some benefits included in this role are: Generous time off including personal and volunteering Tuition reimbursement and professional development opportunities Hybrid work Charitable contribution match programs Stock purchase opportunitiesTo learn more about a career at MMA check us out online: or flip through our recruiting brochure: us on social media to meet our colleagues and see what makes us tick: you are is who we are. We embrace a culture that celebrates and promotes the many backgrounds heritages and perspectives of our colleagues and clients. We are always seeking those with ethics talent and ambition who are interested in joining our client-focused teams.Marsh McLennan and its affiliates are EOEMinority/Female/Disability/Vet/SexualOrientation/Gender Identity employers.The applicable base salary range for this role is $63100 to $117500.The base pay offered will be determined on factors such as experience skills training location certifications education and any applicable minimum wage requirements. Decisions will be determined on a case-by-case addition to the base salary this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits tuition assistance 401K savings and other retirement programs as well as employee assistance programs.Required Experience:Manager Key Skills Business Development,Cement Plant,Business Support,Data Analysis,ASP Employment Type : Full-Time Experience: years Vacancy: 1 Monthly Salary Salary: 63100 - 117500