Employco USA Senior Commercial Insurance Account Manager in Westmont, Illinois
This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/ada/r/jobs/5559397 Employco USA / Corporate Risk Management is currently seeking a full-time *Senior Commercial Insurance Account Manager* to work out of their corporate headquarters located in Westmont, IL. *Senior Commercial Insurance Account Manager Job Description*In this blended role 50% of the time will focus on the ongoing management of commercial clients, retention of new and renewal clients, and maintaining a partnership with the producers to support business development activities while upholding high service standards. The remaining 50% of the time this role will focus on Workers' Compensation coordination and assist with the underwriting process prior to submission to carriers along with management of a large client Workers' Compensation program. This portion of the position is responsible for new business Workers' Comp. underwriting, including but not limited to auditing and correcting client and employee classifications to ensure the ongoing integrity of the book of business, and partners with outside vendors and internal staff to ensure the profitable growth of Workers' Compensation revenue.*Senior Commercial Insurance Account Manager Job Responsibilities*Account ManagementUse property and risk management expertise to find solutions to complex client needs Work with producer / sales team to secure necessary underwriting informationComplete underwriting - loss-pick analysis of workers' compensation policies Evaluate risk and analyze critical information Coordinate the rating / pricing of each account Prepare quality submissions to carriers on behalf of client or prospect Track underwriting submissionsReview and analyze quotations received from carriers; confirm policy issuance details are accuratePrepare professional and accurate proposals and summaries for presentation to clients Review endorsements for accuracy Review newly issued policies for accuracy before delivery to clients Review daily correspondence, report, endorsements, loss control reports and inspectionsProcess premium audits and assist client in event of a dispute Process claim reporting on an as needed basis Perform contract review with respect to insurance requirements Prepare and deliver timely binders and invoices upon binding of coverage Collaborate in a professional manner with all clients, carriers, producers and peers Maintain current knowledge of underwriting requirements and authority outlined by each carrier Lead/Perform special projects as needed Workers' Compensation CoordinationReview prospect underwriting information to evaluate prospective clients' degree of Workers Compensation risk Partner with sales to gather complete and accurate information to support underwriting decisionsConduct current Workers Compensation client base audits to ensure both client and worksite employee classifications are correct and updated and that proper premium collection is maintainedUpdate underwriting procedures, policies, communications, classifications, and rates to maintain compliance with all state and federal regulationsRespond both accurately and timely to all information requests from Workers Compensation clients, internal departments, insurance vendors, and regulatory agencies to provide a high level of service accountabilityPrepare management reports to provide information for making business decisions. Assist management in evaluating information to determine suitability of continuing individual client relationships.Educate sales to help them obtain additional client information in support of underwriting and classification decisions and to respond to regulatory inquiries when necessary.