Hybrid Account Associate, Commercial Insurance

at Masters Insurance | Financial

• Job title: Account Associate, Commercial Insurance
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: CA$50,000 - CA$65,000 per year
• Degree requirement: High School Diploma
• Location requirements: Hybrid, Windsor, Canada

About the role

• Account Associate working alongside Account Executives in Commercial Insurance at Masters Insurance, Canada. Delivering tailored service and managing administrative tasks in a dynamic environment.

Responsibilities

• Work efficiently with Microsoft Excel and Word, as well as Epic (Broker Management System) to perform the following tasks:
• Create and update Summaries of Insurance for new policies and policy renewal
• Prepare proposals and Binders of Insurance
• Create and periodically update price comparisons
• Prepare renewal and claim reviews, review inspection reports, and follow up for outstanding recommendations.
• Request, check and invoice policy endorsements, renewal documents, and policy cancellations.
• Manage own abeyances and follow up with insurance underwriters and clients for outstanding information
• Manage the administrative lifecycle of specialized insurance programs, including builder’s risk, wrap-up, and environmental liability policies.
• Execute commercial renewal strategies by maintaining critical timelines and facilitating departmental coordination meetings.
• Engineer and optimize proprietary risk-assessment tools to evaluate client profiles and determine data-driven rating
• Review insurance requirements in rental leases and contracts and provide guidance to clients on coverage needs and create certificates of insurance
• Collaborate and negotiate with Insurance Underwriters, obtain information, and answer questions client's questions
• Successfully collaborate with Account Executives, assisting them with their book of business
• Set up premium financing for clients who want to finance their insurance premiums
• Assist in personal lines insurance policies, as required
• Perform other related duties and projects, as required

Requirements

• RIBO License to be obtained within 6 months of continuous employment
• Proficient in Microsoft (MS) Office Programs, including Outlook, Word and Excel
• CIP and/or CAIB designation (An Asset)
• Familiarity with The Agency Manager (TAM) and Compu-quote
• Minimum of 1 year of similar experience in a Commercial Insurance department at an Insurance Brokerage and/or Insurance company in a similar role and/or with similar duties and responsibilities
• Working knowledge of Commercial Insurance products
• Working knowledge and/or understanding of Construction Insurance
• Effective verbal and written communication skills
• Excellent organizational, critical thinking and time management skills
• Self-motivation with ability to problem-solve with limited supervision
• Flexibility to work in a fast-paced and dynamic environment with changing priorities
• Ability to work independently and in a team environment
• Accurate data entry skills with extra attention to detail and overall accuracy

Benefits

• Competitive compensation package
• 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
• Epic year-round employee events!
• Opportunities to give back to our communities through philanthropic programs
• Membership to an exclusive employee discount program
• Discounts to gym membership and select local retailers