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Acrisure · 2 days ago

Employee Benefits Account Executive

Fairfield, NJ

Full-time

Onsite

Mid Level

$90K/yr - $110K/yr

4+ years exp

Acrisure is a global fintech leader that empowers businesses and individuals with innovative solutions. The Employee Benefits Account Executive is responsible for managing client accounts, developing creative solutions for coverage and costs, and ensuring compliance with regulatory policies while maintaining strong client relationships.

Financial ServicesInsuranceInsurTech

Responsibilities

Guide clients and internal team members on compliance and regulatory policies to meet industry standard requirements and provide monthly claim reports from carriers to all clients

Oversee the status of wellness strategy and programs for clients, along with support to promote monthly incentives or varied programs offered by carriers

Review the open enrollment process and ensure proper changes, financial and annual review for year projected, and medical costs to determine benefits cost for employees

Support clients with renewal and insurance communication for employees and provide guidance for learning webinars, video tutorials with brokers to ensure proper launch strategy for the clients

Assist with escalated client issues and partner with claims department when necessary

Partner with the legal team to communicate changes or updates per regulatory requirements and be the liaison to the clients on any policy or industry mandates

Request and monitor the census report from the Marketing team to complete the underwriting questionnaire and provide additional information from the carriers and send it to clients

Meet regularly with brokers to keep up with industry standards, insurance products, current rates, coverages, insurance policies, and carriers, so you can assist clients, underwriters, account executives, and the rest of our service team with understanding and addressing the newest rules and policy updates

Develop and cultivate relationships with producers, company underwriters, and wholesale brokers and attend marketing strategy meetings for new business with brokers and selected internal team members

Manage RFPs, non-renewals, and cancellation requests to retain business where appropriate and act as the lead representative to an assigned book-of-business

Strategically guide the client through the decision-making process and assist the Account Managers with specific escalated claims issues to locate a solution for the client/group

Establish multi-year strategic plan development and present to client/group and manage the financial information and be responsible for renewal negotiation

Prepare and present renewals by partnering with the internal Marketing team for census reports, client/group data, and drive calendar meetings and events for the team

Show thorough knowledge in Underwriting, Compliance, COBRA, HIPAA and other regulatory areas

Qualification

Employee benefits experienceInsurance LicenseUnderwriting knowledgeMicrosoft OfficeRegulatory complianceMulti-taskingVerbal communicationWritten communicationTeamworkOrganizational skills

Required

Bachelor's degree in business or related field of study or equivalent experience required

Minimum 4+ years of large complex employee benefits experience within an insurance related industry with an emphasis on Self-Funded, Level Funded and Large Group Clients

Current Insurance License in Health and Life for the state in which your agency office is located

Ability to work toward professional designation

Strong computer skills and a high level of comfort in a virtual work setting

Strong knowledge of Microsoft Office products

Excellent verbal and written communication abilities

Ability to work well on a team

Strong organizational and multi-tasking abilities

Show thorough knowledge in Underwriting, Compliance, COBRA, HIPAA and other regulatory areas