Account Executive - Surety

Account Executive – Surety

Greenwood Village, CO, US

Who We Are

We’re a seven-time Best Places to Work award winner in Business Insurance who has earned the 5-Star Diversity, Equity and Inclusion (DEI) award from Insurance Business magazine. We are also recognized as an Elite Agency award winner and named as a Top Employee Benefits Firm. We are a leading Insurance Broker and Consultant that provides Employee Benefits, Property & Casualty, and Retirement and Individual Private Client solutions to help our clients reach and realize their goals because we believe business is personal. Our personal commitment to our team and our clients has created long-lasting and successful relationships across our growing 300+ nationwide offices and 17 international locations. To learn more, please visit: https://www.NFP.com.

Summary

Our SuretyAccount Executive will interact with clients on a day-to-day basis while developing and maintaining relationships with both client and carrier representatives. The Account Executive will prepare applications, specifications and marketing strategy for new business as well as the renewals of assigned clients with some degree of supervision and approval from their Supervisor. This role may require the employee to take on the role of lead consultant and primary point of contact for their assigned clients. The Account Executive may have revenue goals and/or client retention targets.

This is a hybrid role, that will be onsite in our office 2-3x per week.

Essential Duties and Responsibilities:

• Works with Sales Executives and Account Executives to collect necessary information and execute bid bonds in an error free and timely manner. Authority to execute bid bonds must be received from a producer or surety company representative.
• For performance and payment bonds, work with Sales Executives and Account Executives to collect necessary information and execute final bonds. Authority to execute contract bonds must be received from a producer or surety company representative.
• All other bonds, work with Sales Executives and Account Executives to collect necessary information and execute bonds in an error free, timely manner and within assigned authority limits.
• Evaluation of the financial condition of the client.
• Invoice transactions and follow-up on collection of premiums.
• Process renewals in a timely manner.
• Responsible for entry and diary of claim activity in agency management system. Notify appropriate producer and send information to surety according to claims policy and procedures.
• Maintains account related files and prepare necessary paperwork. This includes setup, filing and purging of information.
• Request, follow-up and process various underwriting documents.
• Build and maintain strong relationships with carriers, and clients through regular contact and client visits. Keep clients apprised of appropriate industry trends and events, including all state and federal regulatory issues

Knowledge, Skills, and/or Abilities:

• Excellent written communication skills – writes clearly; edits work for spelling and grammar; varies writing style to meet needs; presents numeric data effectively; able to read and interpret written information.
• Thorough understanding of bond underwriting and coverages.
• Self-confident to make sound independent decisions
• Ability to successfully interact with a variety of people/personalities
• Strong leadership skills
• Must be able to read, analyze and interpret financial reports, bond forms, and contract documents.
• Possess technical expertise plus good analytical and problem-solving skills
• Ability to handle situations in a calm, courteous and professional manner.
• Strong attention to detail, decision making skills and problem resolution.

Education and/or Experience:

• BA/BS preferred
• Typically, more than 3 years industry and product line experience.

Certificates, Licenses, Registration:

• P&C Insurance License required
• AFSB (Associate in Fidelity and Surety Bonding) certification preferred.
• CIC, CPCU or other P&C designation preferred.

What We Offer

NFP is proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others.

The base salary range for this position is $60,000 – $115,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

NFP and You… Better together!

NFP is an inclusive Equal Employment Opportunity employer.