Assistant Vice President/ Assistant Vice President - Professional Services, Professional, Execu[...]

Company: Tbwa Chiat/Day Inc
Location: Chicago
Posted on: February 11, 2025

Job Description:

Assistant Vice President - Professional Services, Professional, Executive & Cyber Solutions Team311 South Wacker Dr Suite 3280, Chicago, IL 60606Location: Hybrid to Chicago, IL or New York, NY officesResponsibilities:

• Support Account Team Leaders with the placement of professional liability insurance and ancillary management liability insurance products for large professional service firms/companies; with a focus on large accounting and consulting firms.
• Work closely with account service team leaders to manage client renewal process, including the following tasks:
• Identify, analyze, and quantify risk exposures for clients/prospects and recommend appropriate insurance products and service requirements.
• Create and submit renewal specifications to the marketplace and consult with clients in the development of underwriting materials for submission to markets.
• Negotiate policy terms, conditions, premiums, and collateral with domestic markets, and work closely with international placement broker.
• Create necessary client deliverables documents throughout renewal timeline process.
• Present marketing results to clients.
• Review quotes, binders, policies and endorsements for accuracy and transmit to clients.
• Support investigation and efforts to resolve policy and/or claims issues between insured and insurer.
• Support the collection of claims information and payouts, as required.
• Ensure service of clients' daily account needs are met, this may include insurance requirement responses, certificate requests, and midterm coverage questions or policy needs.
• Develop and maintain productive business relationships with key insurance underwriters.
• Request invoices, ensure timely payment and remittance.
• Review contracts and insurance requirements for clients and identify gaps in coverage, suitability, and errors and document findings for internal quality review.
• Assist with special projects and client requests.
• Produce renewal strategy, renewal presentation and stewardship reports.
• Contribute to winning prospect opportunities, including preparation of capabilities presentations, written RFP responses and oral presentations.
• Communicate client developments and service results, market conditions and developments and team member performance to team leadership regularly.Qualifications:
  • Bachelor's Degree; advanced degree a plus.
  • Minimum of 3 years of experience in the insurance industry with client service experience with respect to professional liability, executive and/or specialty lines insurance products.
  • Service team experience, including experience negotiating with insurance markets and presenting to clients.
  • Experience working with an agency management system such as Sagitta or Salesforce.
  • Proficient in Microsoft Office Software (Word, Excel, PowerPoint and Outlook) and Adobe.
  • Hold appropriate Broker's License(s) or able to obtain one within 3 months of employment.Skillset must include:
    • Strong interpersonal skills, ability to work independently and collaboratively.
    • Ability to communicate effectively across all levels of the organization.
    • Excellent written and verbal communication skills.
    • Outstanding organizational and time-management skills; detail oriented.
    • Ability to remain flexible with changing business requirements and demands.
    • Highly motivated, self-starter.
    • Proficient in Microsoft Office applications-especially Word and Excel.
    • Proficient in Adobe solutions.
    • Licensed professional a plus.Job Location:Chicago, IL or New York, NY. Approved for remote working as necessary.Why Join EPIC?
      • Ranked #17 Top 100 Largest U.S. Broker by Business Insurance.
      • Awesome Benefits: 401K matching, Generous Time Off Policy, Flexible Work Options, Medical, Dental, Vision, Pet Insurance, Cancer Insurance, Wellness Programs, Employee Award Programs (Trips!).EPIC embraces diversity in all its various forms-whether it be diversity of thought, background, race, religion, gender, skills or experience. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard. It is our belief that diversity drives innovation and that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.Apply for this job* indicates a required field
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Keywords: Tbwa Chiat/Day Inc, Chicago , Assistant Vice President/ Assistant Vice President - Professional Services, Professional, Execu[...], Executive , Chicago, Illinois