Commercial Insurance - Account Executive

Full Time
Worcester, MA
Posted
Job description

QSR has 250 years of combined underwriting experience with the broadest binding authority in the Northeast - over 60 Commercial Lines markets with A-rated carriers. Using our industry experience and knowledge, we turn forward-thinking ideas into successful programs. Each of our four offices provides national underwriting capabilities. We meet the changing marketplace head-on with our industry-leading product development and 75+ market access.

Account Executive will work on the Commercial Team on a hybrid schedule in our Worcester office.

Account executive assists producer with the handling and placement of both new and renewal insurance policies. When underwriting new and renewal business, account executive valuates the exposures of a given risk and determines the best market for both premium and coverage. To be successful a strong marketplace knowledge is required, which is developed over time and is ever-changing. Account executive is critical to Quaker retaining business year after year, and putting new business on the books. Account executive also trains and supports junior staff members.

  • Compares coverages & policy language for placement of new & renewal business
  • Underwrites new business & existing renewals to determine carrier acceptability & competitive pricing
  • Review submissions & provide decisions on which markets to access for various types of coverage
  • Rates & prepares insurance quotes
  • Prepares complex insurance submissions for brokerage markets
  • Maintains strong product knowledge
  • Develops new & existing agent/client relationships
  • Visits clients both formally and informally to gather feedback on Quaker's performance
  • Attends company events which host our carriers to strengthen our rapport
  • Contributes to the growth of the organization
  • Hits targeted new business goals
  • Hits targeted renewal retention goals
  • Upholds departmental service standards
  • Coordinates daily workflow to meet deadlines
  • Produces a significant volume of work efficiently in a specified period of time
  • Can be relied upon regarding task completion & follow-up
  • Performs work with little or no supervision
  • Review inspections to determine if coverages & limits are sufficient
  • Responsible for adhering to multiple contracts/ guidelines for our Binding Authority markets

Requirements:

  • Driven to immediately deliver results & contribute to departmental objectives
  • Professional negotiation, interpersonal, written, & verbal communication skills
  • Ability to effectively prioritize & multi-task with a sense of urgency
  • Cooperate, work, & communicate well with co-workers, supervisors, & outside contacts as part of a team environment
  • Familiarity with extensive insurance terminology
  • Demonstrate proper judgement & decision-making skills
  • Capable of marketing, quoting, & binding of all Commercial Lines Risk

Quaker Special Risk & Jencap

QSR is a part of Jencap, one of the largest wholesale insurance intermediaries in the United States with expertise in wholesale brokerage, binding authority, and program management, providing unparalleled market access, and nationwide influence.

Want the opportunity to build something new? Have your voice be heard, your skills properly applied, and to add tangible value to an organization? You're in the right place. Expand your knowledge and stretch your experience through new and emerging risks. Jencap/QBR is dynamic, bold, tenacious and trusted in the industry.

Here, you are not just one of the many, you are one of us. We truly are better together.

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