American Modern Insurance Group - Chicago, IL

posted 2 months ago

Full-time - Mid Level
Chicago, IL
Insurance Carriers and Related Activities

About the position

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property, such as manufactured homes and specialty dwellings, and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can't. We write admitted products in all 50 states and have a premium volume of $1.9 billion. Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re's Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home. The mission of sales is to identify, cultivate, and influence new partnerships and existing relationships that will contribute to the achievement of our annual business plans. We manage relationships for growth, profit, and appropriate compensation. The sales department uses our sphere of knowledge for industry marketplace intelligence. We also translate partner business data into actionable information. As a Territory Sales Manager, you will manage and develop a designated territory of assigned accounts as the primary contact point to build and enhance the relationship with a focus on identification of opportunities for profitable growth of new and existing business. In this role, you will be responsible for the management of key accounts with a travel expectation of 25-50%. You will deliver and manage growth and profitability targets for assigned accounts, develop sales plans including new account development, retention, and marketing strategy through analysis of current and future market trends. Regular profitability reviews for assigned accounts will be performed, and you will recommend corrective actions as necessary. You will identify decision-makers and key associates within an account and develop productive relationships, being recognized as an expert by customers in regard to product placement and market knowledge for assigned accounts. Additionally, you will gather and assess market and competitor intelligence to identify trends and opportunities, and collaborate with Sales Account Support personnel to achieve in-house support needed to meet customer expectations.

Responsibilities

  • Manage and develop designated territory of assigned accounts as the primary contact point.
  • Deliver and manage growth and profitability targets for assigned accounts.
  • Develop sales plans including new account development, retention, and marketing strategy through analysis of current and future market trends.
  • Perform regular profitability reviews for assigned accounts and recommend corrective actions.
  • Identify decision-makers and key associates within an account and develop productive relationships.
  • Gather and assess market and competitor intelligence to identify trends and opportunities.
  • Collaborate with Sales Account Support personnel to achieve in-house support needed to meet customer expectations.
  • Collaborate with Product Department on the development of assigned territory rate and rule changes.
  • Represent American Modern at insurance conventions and trade shows.
  • Participate in training sessions with accounts and follow up with activation activities.

Requirements

  • Bachelor's degree or equivalent experience.
  • Proficient knowledge of products and distribution channels, as well as Sales best practices.
  • Solid knowledge of AMsuite.
  • Knowledge of Microsoft Office Suite applications, Live Meeting, etc.
  • Ability to effectively utilize CRM.

Nice-to-haves

  • Experience in managing account relationships.
  • Demonstrated ability to acquire higher level skills.
  • Experience in providing leadership, mentoring, and guidance to others.

Benefits

  • 401(k) matching
  • AD&D insurance
  • Dental insurance
  • Disability insurance
  • Free parking
  • Health insurance
  • Life insurance
  • A robust 401k plan with up to a 5% employer match
  • A retirement savings plan that is 100% company funded
  • Paid time off that begins with 24 days each year
  • Eligibility to receive a yearly bonus as a Munich Re employee
  • A variety of health and wellness programs provided at no cost
  • A hybrid environment that gives you a choice in where and how you get work done
  • A corporately subsidized on-site cafeteria
  • An on-site complimentary workout facility
  • On-site wellness center complete with nurse practitioner
  • Financial assistance for adoptions and infertility treatment
  • Paid time off for eligible family care needs
  • Tuition assistance and educational achievement bonuses
  • Paid time off to volunteer in your community
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