Account Executive - Employee Benefits (Hybrid) Account Executive - Employee Benefits (Hybrid) Get AI-powered advice on this job and more exclusive features.
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NFP's Talent Acquisition Expert | Innovative Sourcing, Positive Candidate Experience | Concert and Festival Pro | ACCOU012467_1
Who We Are
NFP, an Aon Company, is a multi-year Best Places to Work award winner in Business Insurance. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.
The Account Executive interacts with clients on a day-to-day basis while developing and maintaining relationships with both client and carrier representatives. The Account Executive will research, analyze, and evaluate medical, life, disability and other benefit plans and act as a benefit advisor to clients. This role requires the employee to take on the role of lead consultant and primary point of contact for clients. The Account Executive will have indirect supervision of team members, review work for accuracy and delegate work and projects to other members of the team to ensure client deliverables are completed timely and accurately.
Essential Duties And Responsibilities
Negotiates terms, conditions, coverage limits and pricing with carriers and wholesalers
Develop and maintain ongoing relationships with clients; Act as the subject matter expert on Health & Welfare Benefits and vendor/carrier products and services
Maintains a project plan to ensure client deliverables are provided on time. Delegates work to more junior team members to ensure completion
Uses online carrier tools to develop quotations, prepare, pre-renewal information and update client proposal tables. (small market only) Understand and articulate alternative funding strategies. (large market only)
Build and maintain strong relationships with carriers, companies and clients
Keep clients apprised of appropriate industry trends and events, including all state and federal regulatory issues
Maintain relationships with carrier representatives in order to better understand available products and services in the marketplace and recommend them to clients
Anticipate client needs and identify the strategies to solve them
Review request for proposals and insurance plan analyses, negotiate with carriers and recommend renewal actions. Oversee implementations of new business
Understand and articulate alternative funding strategies
Work with director to develop and execute client strategy plan and defined deliverables
Oversee open enrollment process for clients; Review employee presentations and communication materials
Conduct and present annual client compliance audits
Genuine understanding of client financial mechanics and projections
Keep clients apprised of appropriate industry trends and events, including all state and federal regulatory issues. Explain legislative guidelines including COBRA, HIPPA, ERISA, Section 125, and Health Care Reform to clients; Keep clients aware of updates on relevant
Interpret plan rules to ensure compliance with Plan Documents and Summary Plan Descriptions (SPDs)
Review the work of the Account Managers on the team and provide informal mentorship to them
Ensure all client data is entered into CRM System (Salesforce) in a timely manner
Work with director to develop and execute client strategy plan and defined deliverables.
Knowledge, Skills, And/or Abilities
Knowledge of benefits administration, HealthCare Reform, industry trends, carrier products and services
Ability to work independently and anticipate client and team needs
Effective time management and decision making skills
Diligent follow up skills
Ability to express ideas clearly in both written and oral communications
Strong Microsoft Excel and PowerPoint skills
Commanding presentation and public speaking abilities
Education And/or Experience
BA/BS preferred
Typically more than 5 years industry and product line experience
4+ years of health and welfare consulting experience required
Certificates, Licenses, Registration
Life, Accident and Health Insurance License required
GBA or CEBS Certification a plus
What We Offer
We’re 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 – $110,000. 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.
Seniority level Seniority level Not Applicable
Employment type Employment type Full-time
Job function Job function General Business, Other, and Business Development
Industries Insurance
Referrals increase your chances of interviewing at NFP, an Aon company by 2x
Inferred from the description for this job Medical insurance
Vision insurance
401(k)
Paid maternity leave
Disability insurance
Tuition assistance
Paid paternity leave
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