Job Abstract

Account Executive, Business Insurance Life Sciences

Our not-so-secret sauce.

Award-winning, inclusive, Top Workplace culture doesn’t happen overnight. It’s a result of hard work by extraordinary people. More than 9,000 of the industry’s brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can thrive as a Commercial Lines Account Executive for the Life Sciences team within the Business Insurance line of business at MMA.

Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 170 offices across North America, we combine the personalized service model of a local consultant with the global resources of the world’s leading professional services firm, Marsh McLennan (NYSE: MMC).

A day in the life:

As a Commercial Lines Account Executive within the Business Insurance Life Sciences team, you’ll utilize your exceptional client servicing skills to maintain and expand client relationships within your own assigned book of accounts and also provide professional insurance services to our clients by coordinating with Producers, Underwriters, Service Team members and other departments too.  This includes, but not limited to, providing coverage analysis and risk management recommendations, completing applications, preparing submissions, negotiating coverage and pricing with carriers and preparing proposals according to agency standards.  You may also be called on to resolve issues related to billing, make policy changes, respond to policy coverage related questions in a timely and professional manner, and prepare exposure comparison, premium comparisons, renewal reviews and renewal proposals.

All Account Executives are expected to participate in continuing education to maintain a P&C license, stay current with all regulations and enhance insurance knowledge.

Our future colleague:

We’d love to meet you if your professional track record includes the following:

• 10+ years’ insurance industry experience with at least 3 years’ experience in a brokerage environment. Experience working with Life Sciences clients highly preferred.
• Active Property & Casualty license
• Experience in managing assigned accounts through the client life cycle, including the renewal process. 
• Establishing the renewal strategy in concert with Producer, Service and Placement team
  • Endeavor to expand services at each renewal through upselling and cross selling.
• Securing exposure information from client in concert with the Producer and identifying any coverage deficiencies.
• Client contract review and review audits and endorsement
• Prepare, maintain and execute a service calendar in collaboration with client, service team and producer;
• Driving the pre-renewal/stewardship, renewal proposal presentation, claim review and loss control meetings
• Ability to address and endeavor to resolve client issues
• Innovative thought leadership as market trends

These additional qualifications are a plus, but not required to apply:

• Bachelor’s Degree in Risk Management, Business Administration or other related fields
• Insurance designations

We know there are excellent candidates who might not check all of these boxes. Don’t be shy. If you’re close, we’d be very interested in meeting you.

Valuable benefits.

We value and respect the impact our colleagues make every day both inside and outside our organization. We’ve built a culture that promotes colleague well-being through robust benefit programs and resources, encourages professional and personal development, and celebrates opportunities to pursue the projects and causes that give colleagues fulfilment outside of work.  

Some benefits included in this role are:

• Generous time off, including personal and volunteering
• Tuition reimbursement and professional development opportunities
• Hybrid work
• Charitable contribution match programs
• Stock purchase opportunities

To learn more about a career at MMA, check us out online: http://marshmma.com/careers or flip through our recruiting brochure: https://bit.ly/3Qpcjmw

Follow us on social media to meet our colleagues and see what makes us tick:

• https://www.instagram.com/lifeatmma/
• https://www.facebook.com/LifeatMMA
• https://www.linkedin.com/company/marsh-mclennan-agency/

The applicable base salary range for this role is $84,700 to $180,800. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other wellbeing programs as well as employee assistance programs.

Who you are is who we are.

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.

Marsh McLennan and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.