Commercial Insurance Associate, B.F. Saul Company, Bethesda, MD
B.F. Saul Company -
Bethesda, MD,
US
Commercial Insurance Associate
Date Posted: 2024-05-13
Job description
POSITION SUMMARY:
The Commercial Insurance Associate is responsible for conducting client research, supporting the pre- and post-renewal process, and preparing client deliverables for commercial lines (i.e., property and casualty), and financial lines (i.e., D&O/E&O Cyber).
Commercial Insurance Associate, DUTIES & RESPONSIBILITIES: Duties will include, but are not limited to the following:
BFS7501
The Commercial Insurance Associate is responsible for conducting client research, supporting the pre- and post-renewal process, and preparing client deliverables for commercial lines (i.e., property and casualty), and financial lines (i.e., D&O/E&O Cyber).
Commercial Insurance Associate, DUTIES & RESPONSIBILITIES: Duties will include, but are not limited to the following:
- Work in a team environment to provide insurance solutions for new and existing clients
- Compliance with BFSI policies and procedures manual; support quality assurance process
- Utilize system capability (AMS) properly to maintain complete and accurate data and documents
- Invoice Agency Bill accounts
- Set up Premium financing and assist with premium payment.
- Issue certificates of insurance
- Complete Surplus Lines filing
- Assist with premium payment follow-ups
- Assistance with follow up tasks for Account Managers and Account Executives
- Order Loss runs and prepare loss summaries
- Prepare claims reporting manuals
- Prepare client presentations, reports, documents, premium summaries, etc.
- Participate in renewal strategy meetings with service team and Producers
- Develop insurer quotes and analyze/compare the quotes for difference is premium and coverage
- Participate in underwriter discussions with account team
- Maintain/create reference materials (vendor lists, insurer minimum requirements) on behalf of the team
- Assist in business and industry research for a prospect
- Maintain privileged and confidential information
- Work really hard - let's not confuse effort with results
- Embrace Failure - if you are not failing, you are not pushing your limits, and if you are not pushing your limits, you are not maximizing your potential.
- Be growth oriented - want to be part of a growing business
- Impact the business - deliver unexpected client results; take personal accountability
- Intellectual curiosity - willingness to learn
- Initiative - find practical solutions for our clients
- Open to feedback - seek constant improvement; understand your strengths and opportunities for improvement
- Operates with uncertainty - open to new experiences as a means of self-improvement
- Teamwork - work well with others, proactively share information with colleagues
- Professional manner - high standard of performance and integrity
- Think strategically - make thoughtful decisions
- Communication - listens well; concise and articulate in speech and writing
- 1+ year(s) of relevant insurance industry experience
- Bachelor's Degree is required
- Appropriate state licensing required at time of hire or achieved within 90 days of hire date
- Insurance industry designations are preferred
- Intermediate level of experience with Excel and PowerPoint
BFS7501