Account Executive

3 weeks ago

Vaughan ON, Canada Masters Insurance | Financial Full time

Position Summary This position involves working in a team environment as a Commercial Account Executive on a diverse and growing commercial insurance book of business. You will be working with Masters Principals', Account Associates, Insurance Underwriters and Masters’ clients, servicing and marketing existing and new business accounts. The successful candidate must be highly motivated, remain flexible to changing job priorities, and strive to create exceptional service experiences.

Generous health and dental benefits program, including Healthcare Spending Account
Robust Group Retirement Savings program with company matching
Reimbursements of license fees and professional membership dues
Full support of continuing education and growth opportunities, including career mentorship with senior management
Hybrid work schedule that supports work-life balance
Opportunities to give back to our communities through philanthropic programs
Discounts to gym membership and select local retailers

Masters assist employees by paying for work related courses, as well as annual licensing and
designation fees, including RIBO, CAIB, CRM and CIP designations

Work in close collaboration with Masters' principals, Account Executive and Account Associates
Manage a book of business with a mix of medium to large size commercial insurance accounts
Negotiate coverages, rates and premiums with insurance underwriters and Master’s clients
Create and update new business and renewal submissions and market new and existing business
Conduct annual renewal reviews and client meetings, including preparing a claims’ history assessment
Conduct risk assessment of clients’ operations and insurance needs and determine appropriate insurance coverages to offer clients’
Prepare risk management strategies to improve clients’ risk exposures and focus on improving clients’ existing coverages
Manage accounts receivable on the accounts that you are handling
Work closely with the claims department and clients during claims’ negotiations and settlements
Perform other related duties and projects, as required

RIBO License
Minimum of three (3) years work experience in a commercial lines department at an Insurance
Brokerage and/or Insurance company in a similar role and/or with similar duties and
Proficient in Microsoft Office programs, including Outlook, Word and Excel
In the process of completing CAIB and/or CIP and/or CRM designations

An Asset:
Completed CAIB and/or CIP and/or CRM designations
Working knowledge and/or understanding of construction insurance
Knowledge of project specific construction insurance
Excellent organizational and time management abilities

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