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Lockton

Account Manager

Lockton, Chicago, Illinois, United States

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* Services designated construction book of business as relating to marketing, claims, and administration * Responds to Client's inquiries, maintains documentation of communications, existing issues, and issue resolutions * Review insurance requirements found in construction contracts, and provide comments to clients * Supports implementation of new lines of coverage by setting up account, collecting needed documentation, and reviewing plan details with Client and Carrier * Knowledge of project specific insurance coverages - Builders risk, Owner's Interest Liability, Railroad Protective Liability * Gathers and compiles exposure information from the Client, including compiling loss-run schedules and client stratifications * Requests, collects, and reviews quotes (new and renewal) from carriers * Audits quotes, binders, and endorsements and makes requests for changes as needed * Processes audits and creates audit analysis for Client * Receives policy, then updates and completes policy check to ensure completeness * Updates specifications, application, and summary information to reflect changes during the year * Monitors receipt of quotes from carriers once submitted and negotiated by more senior staff * Binds coverage under direction of the Unit Manager/Account Executive * Informs Client of any and all changes that may affect insurance premiums or coverage * Gathers and compiles information for new business opportunities * Inputs Client information into data management system, ensuring accuracy and completeness * Generates materials for Client presentations and meetings * Creates and sends compliance communications as needed * Issues and processes Client invoicing * Engages with Producer and Accounting Department to appropriately determine action plan and assist in collection efforts or billing discrepancies * Research industry trends and governmental regulations * General knowledge of the construction industry * Performs other responsibilities and duties as needed Compensation and Benefits Lockton Companies LLC is committed to offering competitive pay and benefits and complies with all relevant state/local pay transparency laws. The entry base salary offered for this opportunity may vary, and is contingent upon candidate education, skills, abilities, essential competencies, experience, professional designations, unique qualifications, and geographic location. Performance Bonus: This role may be eligible for an annual performance bonus, based upon the financial performance of the organization and the individual contributions of the Associate. Check out Lockton Benefits Offerings Here