Associate Account Executive, Employee Benefits
At Lockton, we're passionate about helping our people achieve their ultimate potential.
Our people are curious, action-oriented and always striving to make ourselves and those around us better.
We're active listeners working to ensure understanding and problem solvers developing innovative solutions.
If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Secondary locations Plano
Business unit Lockton-Dunning Series
Schedule Full-time
Job type Experienced Professional
Workplace Hybrid
Your Responsibilities Participate in discussions on strategic planning and consulting for overall plan strategy
Collaborate with clients to determine funding solutions, long range objectives and overall risk tolerance
Negotiate baseline quotes with carriers and make recommendations to plan design for smaller accounts
Handle day-to-day issues and questions of clients under team lead's book of business
Participate in yearly renewals and open enrollment meetings by presenting marketing materials and benefit changes to clients
Assist with the production of Request for Proposals (RFP's) by coordinating vendor responses, analysis and comparison of internal responses, and preparing client report recommendations
Facilitate quotes, amendments and reinstatements as requested or needed
Interprets clients' current coverages and identifies/recommends gaps, alternatives, additional plan design changes, etc.
Develop financial models and reports for client service team, provides interpretation and implication of recommended alternatives
Assist in developing an implementation plan to include coordination of OE meetings and other key deliverables
Collaborate with Marketing to create communications such as OE guides, fliers and presentations
Collaborate with team to ensure proper review of all agreements and/or documents
Conduct industry specific surveys as may be requested by client
Participate in client meetings to review a) large claims b) abnormal utilization results c) monthly claims experience d) set strategies and goals e) conduct on-site claim visits
Research and understand industry trends and carrier product offerings by facilitating meetings with vendors on new products
Maintain knowledge of governmental compliance and regulations to educate and consult client(s) by partnering with internal legal counsel
Other responsibilities as assigned and/or needed
Qualifications Bachelor's Degree in a business-related field or equivalent years of experience
A minimum of 3 years of experience in the insurance industry, specifically in employee welfare benefits
Strong knowledge of differing financial arrangements and products available to clients (i.e.
fully-insured, self-insured, minimum premium, ASO)
Strong working knowledge and experience with a broker and/or employee benefits industry
Ability to interact with vendors and clients by building strong relationships and effectively managing plan strategies
Strong knowledge of Microsoft Office Suite (Word, Outlook, Excel, and PowerPoint)
Excellent organizational and communication skills
Equal Opportunity Statement Lockton Companies is proud to provide everyone an equal opportunity to grow and advance.
We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone.
We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences.
As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton Lockton is the largest privately held independent insurance brokerage in the world.
Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities.
As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what's right every day.
At Lockton, we believe in the power of all people.
You belong at Lockton.
How We Will Support You At Lockton, we empower you to be true to yourself in all that you do.
Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time.
In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
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