Regional Account Manager, Medical Stop Loss (MSL) Distribution

Prudential Financial • Newark, NV

2d • $82,500 - $136,100 • Onsite

About The Position

Prudential’s Group Insurance (GI) is seeking a Regional Account Manager for the Medical Stop Loss Distribution team to provide sales-cycle and administrative support to assigned to one or multiple Regional Sales Directors, MSL. The Regional Account Managers are required to command a comprehensive knowledge of the MSL prospect and customer base, RFP pipeline, producer relationships, key contacts, products offered, and must develop a proficiency with relevant Prudential systems and software. The Regional Account Manager will be a key member of the regional MSL Distribution team working closely with the Regional Sales Director, MSL.

Requirements

• 2-3 years of Stop Loss product and/or account management experience
• Strong customer service experience and managing deadlines.
• Medical Stop Loss industry, sales administration, broker relations, customer service, RFP pipeline management or equivalent experience.
• A detail-orientated individual with strong analytic, organization and time management skills
• Excellent communication and presentation skills.
• Must be customer focused and resolution oriented.
• Ability to manage multiple priorities in a timely manner.
• Demonstrated success in servicing multiple small to medium financial/insurance accounts.
• Three (3) plus years of relevant experience.
• Self-motivated with the ability to work independently and provide timely results.
• The ability to develop and grow relationships, while maintaining targeted retention rates.
• Proven ability to successfully partner with consultants, brokerage firms and/or third-party administrators.
• Excellent written/verbal communication and presentation skills.
• Strong organization and time management skills.
• Active Life and Health Insurance license or obtained within 30 days of hire.

Nice To Haves

• Knowledge and understanding of customer service and relationship management concepts preferred.
• Solid knowledge of group insurance products and services preferred.

Responsibilities

• Support and manage the RFP pipeline for the Medical Stop Loss business for both new sales and renewal opportunities, collecting the necessary data required to develop a comprehensive proposal in a timely manner.
• Provide administrative sales support and serve as a liaison for sales personnel, customers, producers, and home office contacts.
• Partner with the GI Sales Executives, Account Executives, or Account Managers to manage Request for Proposal (RFP) process including monitoring of RFP inboxes, entering data into internal sales systems, ensuring internal partners adhere to RFP timeline, review responses for completion and distribute proposal responses, and interfacing with brokers on behalf of the Regional Sales Director, MSL and GI sales team.
• Office management activities including organizing and upkeep of the office, as well as other office duties which include ensuring shared office equipment and supplies are available and in working order.
• Serve as a resource for new hires and assist with new hire on-boarding for MSL distribution team.
• Participate in team meetings/trainings and serve as a backup for other team members when required.
• Document and maintain relevant sales and customer record systems to meet compliance requirements.
• Support customer activities including finalist meetings, enrollment, and benefit fair preparation; ordering brochures and giveaways.
• Work on special projects throughout the year.
• Coordinating Marketing, Sales, and Support service for assigned accounts.
• Possessing an understanding of your assigned customers’ requirements and initiating actions that maintain high levels of customer satisfaction.
• Proactively partnering with internal contacts to facilitate timely resolution of issues or problems presented by customers and/or brokers.
• Presenting products, services, and plan design information to meet customer needs.
• Addressing customer questions and concerns regarding any aspect of our product offering.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed