Account Executive - P&C

IMA Financial Group

$100K — $200K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in account management or insurance brokerage
  • Strong understanding of policy renewal processes and coverage analysis
  • Proven ability to manage a book of business valued at $900K - $1 Million
  • Excellent negotiation and communication skills with clients and underwriters
  • Commitment to diversity, equity, and inclusion principles
  • Desire for ongoing education in industry trends and products
  • Ability to develop strong carrier relationships

Responsibilities

  • Support and embody IMA's core values
  • Oversee the entire policy renewal process for existing accounts
  • Drive new business acquisition and establish new accounts
  • Maintain detailed knowledge of clients' business strategies and needs
  • Initiate the renewal process by developing Game Plans and conducting coverage analysis
  • Prepare and facilitate meetings with key stakeholders and clients
  • Craft marketing strategies and negotiate proposals with underwriters
  • Build and nurture relationships with insurance carriers

Benefits

  • Annual Performance Bonus
  • Stock Purchase Plan
  • Medical, Dental, and Vision coverage
  • Family Assistance Program
  • Flexible Spending Account (FSA) and Health Savings Account (HSA)
  • 401(k) Plan with employer contribution
  • Generous Paid Time Off and Paid Holidays
  • Flexible Work Options including sabbatical and gift matching
  • Well-Being Stipend and development opportunities
Full Job Description
Essential job responsibilities include but are not limited to:

  • Supports and demonstrates IMA's core values
  • Values and understands the importance of diversity, equity, and inclusion among all IMA associates
  • Maintains overall responsibility of the entire renewal (policy review, setting the game plan, loss analysis, program design, data completeness within AMS, coverage & premium discrepancy issues, etc.) for all existing accounts
  • Supports in winning new business and set up of new accounts
  • Maintains intimate knowledge of clients' business operations, strategies, and needs throughout the year
  • Kicks-off the client renewal process by creating the Game Plan and completing a coverage analysis (if applicable) and conducting thorough reviews of the policies and all relevant documents
  • Prepares for and facilitates meetings with key IMA stakeholders and clients
  • Crafts the marketing strategies, reviews submissions, and engages in negotiations with underwriters to determine the relevant content to include in proposals
  • Pursues mastery of the craft through on-going education and awareness of industry trends, products, and services
  • Develops and maintains carrier relationships
  • Manages a book of business with $900K - $1 Million in revenue
  • 50% - 60% of book revenue is within the emerging market
  • 40% - 50% of the book revenue is within the middle market and under mentorship of an Account Executive Level 3
  • JV at least two or more large/complex accounts under mentorship of an Account Executive Level


Salary Range

$100,000-$200,000 USD

Compensation & Benefits

Being a part of IMA has its benefits. When you become part of the IMA family, you become eligible to take part in our valuable benefits and rewards package designed to benefit you, your family, and your life. Our plans are cost-effective, convenient and provide progressive ways for staying healthy, protecting loved ones, pursuing financial security and living a full and balanced life. This role is eligible for the following:

Annual Performance Bonus, Stock Purchase, Medical Plans, Prescription Drugs, Dental, Vision, Family Assistance Program, FSA, HSA, Pre-Tax Parking Plan, 401(k), Life/AD&D, Accident, Critical Illness, Hospital Indemnity, Long Term Care, Short-term Disability, Long-term Disability, Business Travel Accident, Identity Theft, Paid Time Off, Flexible Work Options, Paid Holidays, Sabbatical, Gift Matching, Well-Being Stipend, Personal and Professional Development. In addition to our robust benefits package, the final offer amounts will depend on a variety of factors, including the candidate's geographic location, prior relevant experience, and their knowledge, skills, and abilities.

*These benefits do not apply to internship roles.

This Job Description is not a complete statement of all duties and responsibilities comprising this position.

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