Job Description
Location Designation: Hybrid - 3 days per week
Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of being there when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.
Role Overview:
As an Account Executive in our Group Benefit Solutions division, you will manage mid/large-size client relationships (500-4,999 lives) and ensure exceptional service to clients and brokers. This hybrid role includes remote work on Mondays and Fridays and in-office work on Tuesdays, Wednesdays, and Thursdays.
What You'll Do:
- Client Management: Maintain and grow client relationships, focusing on upselling, cross-selling, and retention.
- Service Excellence: Address client needs proactively, ensuring high satisfaction and effective problem resolution.
- Growth & Retention: Develop strategies for profitable growth and achieve annual goals.
- Renewal Process: Oversee all aspects of the renewal process, including negotiations and policy changes.
- Industry Engagement: Participate in industry events to enhance knowledge and relationships.
- Compliance: Maintain accurate tracking of all relevant activities.
What You'll Bring:
- Strong knowledge of insurance products and industry updates.
- Excellent communication, presentation, and interpersonal skills.
- Ability to build and manage relationships within a matrix organization.
- Self-motivated with a high energy level and a "take charge" attitude.
- Well-organized with the ability to handle multiple tasks and prioritize effectively.
- BA/BS degree preferred, Life/Accident/Disability/Leave/VB experience preferred, Insurance licenses required.
- Proficiency in MS Office and the ability to use and present online tools effectively.
- Strong negotiation and influencing skills.
- Ability to travel domestically up to 30%.
- Must reside in or be willing to move to the greater Chicago area
#LI - EM1
#LI - HYBRID
Pay Transparency
Salary range:$ 100,000 - $120,000 (salary + sales incentive)
Overtime eligible:Exempt
Discretionary bonus eligible:No
Sales bonus eligible:Yes
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Job Requisition ID:92632
#GBS
Location Designation: Hybrid - 3 days per week
Group Benefit Solutions delivers comprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of being there when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.
Role Overview:
As an Account Executive in our Group Benefit Solutions division, you will manage mid/large-size client relationships (500-4,999 lives) and ensure exceptional service to clients and brokers. This hybrid role includes remote work on Mondays and Fridays and in-office work on Tuesdays, Wednesdays, and Thursdays.
What You'll Do:
- Client Management: Maintain and grow client relationships, focusing on upselling, cross-selling, and retention.
- Service Excellence: Address client needs proactively, ensuring high satisfaction and effective problem resolution.
- Growth & Retention: Develop strategies for profitable growth and achieve annual goals.
- Renewal Process: Oversee all aspects of the renewal process, including negotiations and policy changes.
- Industry Engagement: Participate in industry events to enhance knowledge and relationships.
- Compliance: Maintain accurate tracking of all relevant activities.
What You'll Bring:
- Strong knowledge of insurance products and industry updates.
- Excellent communication, presentation, and interpersonal skills.
- Ability to build and manage relationships within a matrix organization.
- Self-motivated with a high energy level and a "take charge" attitude.
- Well-organized with the ability to handle multiple tasks and prioritize effectively.
- BA/BS degree preferred, Life/Accident/Disability/Leave/VB experience preferred, Insurance licenses required.
- Proficiency in MS Office and the ability to use and present online tools effectively.
- Strong negotiation and influencing skills.
- Ability to travel domestically up to 30%.
- Must reside in or be willing to move to the greater Chicago area
#LI - EM1
#LI - HYBRID
Pay Transparency
Salary range:$ 100,000 - $120,000 (salary + sales incentive)
Overtime eligible:Exempt
Discretionary bonus eligible:No
Sales bonus eligible:Yes
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Benefits
We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by theFoundation.We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
Job Requisition ID:92632
#GBS
About New York Life Insurance Company
New York Life Insurance Company is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #67 on the 2021 Fortune 500 list of the largest United States corporations by total revenue.
At the heart of New York Life is a commitment to be there for our customers when they need us—whether today or decades into the future. We have delivered on that promise for over 175 years by investing wisely, growing a portfolio of strategic businesses, and remaining true to our mission as a mutual company, accountable only to our customers, not to outside investors. For our customers, that means having the confidence that comes with knowing they can build a better future for themselves and those they love.
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