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Brown & Brown is seeking an Account Executive to join our growing Property team in Minneapolis, MN.
Job Responsibility:
Designs, markets, and implements complex insurance programs on behalf of clients, with primary focus on property and related first-party insurance products
Conducts strategic planning meetings with clients to discuss and recommend risk management programs
Coordinates services between the client and the insurance company and provides day-to-day consulting and client advice
Periodically functions as the overall Engagement Leader or Executive responsible for the account
Delegates to others and responsible for providing leadership and potentially management to ensure all tasks are performed in a satisfactory manner by all involved
Develops knowledge of a client’s business and industry and their specific risk profile
Identifies the client’s exposure to loss and the means to address them
Identifies tolerance to risk retention and service needs and protocols
Leads in the development of a marketing plan to include creation of insurance specifications, timelines, and complete market selections
Negotiates with underwriters on behalf of our clients to develop the best program
Creates & reviews insurance proposal to compare competitive insurance program options and recommend the best program for our clients
Links risk identification, risk funding and service techniques to develop alternative program design strategies
Monitors the risk transfer process: binder issuance, policy issuance reviews, service delivery, etc., for accuracy and timeliness
Reviews Renewal Information Request for accuracy
Develops and maintains relationships with underwriters and other service providers
Keeps abreast of changing market conditions and innovations
Develops and maintains client service plans, manages mid-term changes and assists in Stewardship reviews
Promptly and accurately responds to client requests
If responsibilities are delegated, follows through to ensure client received timely response
Provides leadership to others on team and at company
Typically responsible for managing the work of others on the account
Provide performance related feedback to others and assist them with their professional development
Participates in identifying new business opportunities
Attends Continuing Education classes.
Requirements:
Able to demonstrate an expert level of knowledge with all assigned products, insurance coverages, services, policies, pricing, placement of coverage, regulations and benefits
Expertise in the insurance industry with a demonstrated ability to explain B&B capabilities relative to our competitors
Specific knowledge and experience in placing property insurance for various risk occupancy types, and familiarity with key insurance markets in the U.S., London, Bermuda and Europe
Strong oral and written communication skills including the ability to connect with an audience and speak persuasively and succinctly
Strong attention to detail
Strong time management skills and the ability to evaluate and prioritize multiple projects/tasks
Demonstrates a sense of urgency
Works in a collaborative, team-oriented manner
Develops and maintains a working knowledge of B&B systems
Understands client profitability through an understanding of income, expenses and time utilized
Good keyboard and PC skills using word processing and spreadsheet software, familiarity with various software applications and the ability to learn new software systems
Ability to work in a team environment that is constantly changing
College degree preferred
3+ years of experience with large property risk and insurance programs
Licensed as a Producer of Property and Casualty in an applicable state with ability to achieve non-resident license status in any state that may be required to serve clients
Participates in continuing education in order to maintain the appropriate level of credentials
Insurance designation preferred
This position may require routine or periodic travel which may require the teammate to drive their own vehicle or a rental vehicle
If required, acceptable results of a Motor Vehicle Record report at the time of hire and periodically thereafter, and maintenance of minimum acceptable insurance coverages are requirements of this position.
Nice to have:
College degree
Insurance designation
What we offer:
Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
Financial Benefits: ESPP
401k
Student Loan Assistance
Tuition Reimbursement
Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.