Senior National Account Executive
New York, NY 
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Posted 4 days ago
Job Description

Location Designation:Fully Remote

When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

GBS

Primary responsibility includes strategic account management for a large book of business based on a total premium target of at least $50,000,000 with a concentration of the segments' larger and/or more complex national accounts including key clients for each region's book of business. Also responsible for the sales of additional products/services to existing accounts. Responsibilities include implementing sales strategies to achieve retention, growth, profitability and revenue targets through management of existing accounts, managing major account relationships, and organizing and leveraging the national accounts sales team. Acts as leader, resource and/or mentor to assist in the development of other team members, the region and segment through participation in cross-functional projects and business initiatives. May direct and collaborate with a number of national account manager positions. Incentive compensation eligible.

Responsibilities


*Manage a disciplined account engagement process which is comprised of goals, strategies to achieve goals, and tactics to support execution of strategies to manage, maintain, and grow a book of business that includes clients with high product/process customization, organizational complexity, and/or vendor integration requirements

*Develop deep customer relationships to facilitate intimate knowledge of our customers' objectives

*Demonstrated ability to assume role of trusted strategic consultative partner of our customers including high premium and high profile client companies

*Demonstrated ability to work with distribution team and matrix partners as needed to consult on successful strategies required to retain and grow key strategic clients

*Develop and execute on book of business plans for meeting annual National Account goals for persistency, profitability, rate renewal actions, and referrals.
*Exude self-motivated ownership of results, continually acting with a sense of urgency to ensure that results are attained, if not exceeded

*Exemplify internal and external leadership including acting as a resource and/or mentor for regional and segment team members*Embrace culture of learning and continuous improvement

*Champion perpetual change within NYL GBS to ensure that we anticipate market trends and offer industry-leading products and services by acting as a resource/subject matter expert for internal matrix partners as needed
*Active participation at pre-sale meetings and finalist presentations to communicate the National Account Management philosophy and introduce the National Account Service Rep for administrative processes.
* Identify and develop credible referral opportunities. Partner with Sales Reps by providing producer/customer data and insight to improve sales success rate.
* Effectively manages, in conjunction with the implementation team, the on-boarding of new sold cases and additional lines of coverage sold to existing accounts.

*Travel is required at a minimum of 25%.


National Account Executives will oversee the following:


- Ensures timely and effective meetings with client/producer to obtain all necessary information and requirements for complete and accurate sold case installation.
- Sets appropriate expectations with clients and producers with a focus on contract provisions and any potential exceptions.
- Works with the National Account Service Rep to effectively communicate guidelines and expectations for Account Administration.
- Ensures coordination of internal business partners in order to deliver on their clients needs.


*Effective Customer Service Administration and Issue Resolution: All National Account Executives will partner with their National Account Service Representative in oversight of the following:


- Service requests
- Issue Resolution
- Contract changes
- Administrative questions


*Routine Customer/Producer Interface:


- Effectively plans for and schedules quarterly client meetings with a specific proactive agenda.
- Promotes Valued Added services and new NYL GBS initiatives and products
- Ensures contract features and benefits meet clients ongoing needs and will make recommendations for change where appropriate.
- Keeps abreast of clients changing benefits/HR needs/corporate landscape.
- Identifies and coordinates annual enrollment activity and communication requirements.
- Actively supports book of business growth objectives by identifying and pursuing opportunities for new and/or increased lines of coverage in conjunction with the appropriate Sales Rep.
- Partners with Sales Executive to educate and develop relationships with producers and their staff.


*Effective Renewal Coordination, Evaluation, and Presentation including demonstrated successful renewals of large/complex clients:

- Coordinates renewal requirements for assigned cases working in conjunction with the Sales Executive and other internal disciplines including underwriting and claims with the objective of ensuring a successful renewal process and outcome.
- Utilizes trends and analysis to develop a consultative product review along with an insightful financial analysis.
- Proactive partnership with underwriting to identify cases with rate guarantee extension potential 12+ months prior to renewal.
- Understand and embrace the National Account Experience with constant input on its evolution.
- Primary focus on persistency results and an innate understanding of how these results affect NYL GBS's bottom line.
- Perform detailed post mortems for any cancelled cases.

Qualifications


*4 year college degree required or equivalency.
*Minimum 5 years of Account Management, Underwriting or other client relationship experience
*Group Life Health Sales License required.
*Has working knowledge of the market segment, industry, group insurance products and services, and an understanding of Medical-Disability connectivity.
*Financial/Underwriting acumen, technical knowledge and analytical skills with effective presentation capabilities.
*Knowledge of competitors' group insurance products, provisions, and overall philosophy with the ability to leverage our competencies to further support profitability and sales objectives.


Key Competencies:


*Job Knowledge: Understands customer requirements and maintains an up to date familiarity with products/services.
*Influencing: Is willing to state opinions assertively, writes and speaks clearly and concisely, can explain the same idea to people of many levels and backgrounds, including internal and external executive leadership, and delivers messages in a positive manner.
*Accountability: Takes ownership of goals and objectives, is accountable for own decisions, and honors both internal and external commitments. Takes immediate and independent action to suggest improvements, sets high standards, and works diligently to achieve segment objectives.
*Creative Problem Solving: Creates innovative solutions to customer challenges, looks for new ways to accomplish objectives, is good at conceptual thinking, and takes the extra step to deliver the highest level of customer service.

*Strategic Thinking: Anticipates and addresses long-term critical factors and variables that may impact goals and objectives and takes intentional actions designed to influence outcomes, goals and plans.

It is recommended that all qualified candidates apply to this posting as soon as possible. Residents of Colorado are hereby notified that the deadline to apply is 2 weeks from the Posting Date listed above.

#LI-KH1
#LI-REMOTE

Salary range:$90,000 - $100,000

Overtime eligible:Exempt

Discretionary bonus eligible:No

Sales bonus eligible:Yes

Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.

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. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

Job Requisition ID:90244

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
Open
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