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Philadelphia Insurance Companies

Account Executive-Renewal (VFIB) at Philadelphia Insurance Companies

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Updated: November 30, 2017

Marketing Statement

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries.   We have been in operation since 1962 and are nationally recognized as a member of  Ward's Top 50 and rated A++ by A.M.Best.

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Duties

This position is responsible for assisting the new business brokers during the term of an account as well as handling accounts through the renewal and life of a policy. This role involved extensive interaction with Independent Insurance Agents, producers, and Carriers. Broad product knowledge of both PHLY insurance company and other carrier partners is required. This position also requires excellent customer service capability from a renewal perspective and should target 90% renewal retention. Review insurance applications to evaluate, classify, and rate individuals and groups for insurance and accept or reject applications within delegated underwriting authority by performing the following duties:

  • Become an AMS Software expert and create AMS software training for future employees. Enter all accounts into AMS to ensure accurate monthly reports.
  • Document all brokered business policies  and account communication on the AMS360 Software
  • Underwrite and price business according to delegated underwriting authority and guidelines; be sure to refer accounts outside of underwriting authority to the appropriate brokered market manager with recommendations.
  • Follow all standard operating/production procedures and Code of Business Conduct as defined by management, making continuous recommendations for improvement.
  • Communicate with field representatives/independent agents by following Marketing procedures to obtain further information.
  • Review and approve changes or questions on coverage or exposures.

Definition of Duties:

  1. Manage process of renewing accounts 60-90 days prior to expiration date.
  2. Regularly reporting renewal report and escalating large renewal opportunities to management.
  3. Remarketing accounts as outlined by management.
  4. Handle all policy change endorsement associate with assigned accounts.
  5. Audit processing and disputes

System Requirements:

  1. AMS 360
  2. Salesforce
  3. Excel
  4. PHLY SharePoint

Qualifications

High School graduate; minimum 1 year’s industry experience; an equivalent combination of education and experience may be substituted

EEO Statement

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer.  In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status,  sexual orientation and/or any other status protected by law. 

Benefits

We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.

 
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PHLY Benefits
Lunch Time Fitness Hour
Paid Time Off for Volunteer Work
Family-Friendly Benefits
Educational Support
Medical & Dental Plans
Paid Time Off
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