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Account Executive - job 1 of 3

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

Manage a consultative sales process to successfully close new business opportunities involving the sale of the VISC suite of products and services (Including but not limited to Claims Analytics and ClaimSearch solutions).

Understand and effectively work with complex decision-making processes within the customer organization and successfully manage the necessary consensus building bringing about successful conclusions.

Maintain positive relationships and help to ensure the satisfaction of existing clients for the purpose of maintaining or growing their revenue base with ISO.

Participate in the research, design and implementation of new products and services that meet customer needs.

Properly and accurately maintain sales pipeline revenue forecasts and keep CRM systems current with this information

Qualifications

  • Must have 5+ years in a complex sales environment, preferably selling claims solutions and services to leading insurers/ TPAs/and states/ municipalities
  • Knowledge of VISC Insurance products, solutions, & services is desirable; alternatively, a strong knowledge of the insurance industry, solutions, contacts, along with revenue cycle operations required. 
  • Must have exceptional written and verbal communications skills.
  • Must have the ability to develop and execute tactical sales plans including quotas and account objectives.
  • Must be able to handle multiple complex tasks or projects simultaneously: prioritize & organize, and to take the lead when required by the situation.
  • Must possess outstanding listening skills and be able to read and adapt to people with different organizational levels and functional responsibilities.
  • Understands how to work with senior level management.
  • Must have a proven track record in a consultative sales environment; has consistently met and/or exceeds assigned sales objectives
  • Must have experience working closely with operations teams and to assist and facilitate onboarding, implementations and account management relationship building.
  • Must be able to travel (up to 75%) and to work independently as a remote employee with minimal amount of supervision.
  • Bachelor's degree from a four-year college or university.  Must be proficient with office products; powerpoint; word, excel, and Salesforce.com

Additional Information

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

http://www.verisk.com/careers.html

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

 HR CCPA Privacy Notice.pdf

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What You Should Know About Account Executive, Verisk

If you're looking for an exciting opportunity as an Account Executive with Verisk in Jersey City, NJ, you've come to the right place! This role is all about managing a consultative sales process and successfully closing new business opportunities by showcasing the impressive suite of products and services that Verisk has to offer, including their Claims Analytics and ClaimSearch solutions. As an Account Executive, you'll be diving deep into the intricacies of decision-making within customer organizations, helping them build consensus and making sure they see the value in partnering with us. Your ability to foster positive relationships will be key, as you'll not only work to bring in new clients but also ensure the satisfaction of existing ones. You'll get to participate in the exciting research and design of new products, truly tailoring solutions that meet customer needs. To thrive in this role, you'll bring at least 5 years of experience in a complex sales environment, preferably within the insurance sector, along with exceptional communication skills and a knack for multitasking. Verisk is committed to empowering people and communities through data and innovation, and as part of our team, you’ll have the flexibility and support you need to build a rewarding career while making a positive impact on the global insurance landscape. Join us as we strive for excellence together!

Frequently Asked Questions (FAQs) for Account Executive Role at Verisk
What are the main responsibilities of an Account Executive at Verisk?

The primary responsibilities of an Account Executive at Verisk include managing a consultative sales process to close new business opportunities, maintaining relationships with existing clients, and accurately maintaining sales pipeline forecasts. You will also be involved in researching and designing new products that align with customer needs, fostering collaborative decision-making processes within client organizations.

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What qualifications are needed for the Account Executive position at Verisk?

To be considered for the Account Executive role at Verisk, candidates should have at least 5 years of experience in a complex sales environment, ideally within the insurance industry. Desired qualifications also include a strong understanding of VISC Insurance products, as well as exceptional communication and multitasking skills. A Bachelor's degree and proficiency in office software tools such as PowerPoint, Word, and Salesforce.com are also required.

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How does the Account Executive role at Verisk fit into the company's mission?

As an Account Executive at Verisk, you play a crucial role in fulfilling the company's mission of helping businesses and society become more resilient through data-driven analytics. By successfully closing new sales opportunities and nurturing existing client relationships, you contribute directly to empowering customers to make informed decisions on risk and better outcomes.

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What makes Verisk a great employer for Account Executives?

Verisk has been recognized as a Great Place to Work® for several consecutive years, highlighting its commitment to an outstanding workplace culture. For Account Executives, the company offers flexibility, support, and opportunities for professional growth, ensuring that each individual has the resources they need to succeed in their role while making a significant impact in the industry.

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What is the travel requirement for the Account Executive position at Verisk?

The Account Executive role at Verisk requires up to 75% travel, enabling you to meet clients in various locations. This high level of engagement is essential to building strong relationships and understanding the unique needs of each client within the insurance landscape.

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Common Interview Questions for Account Executive
How do you approach a consultative sales process?

When approaching a consultative sales process, it’s important to focus on understanding the client's needs and challenges. Begin by asking open-ended questions to gauge their requirements and concerns. Then, demonstrate how Verisk's products can provide tailored solutions, highlighting any relevant case studies or success stories.

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Can you describe your experience with CRM systems?

CRM systems are critical tools in managing client interactions and sales processes. I have extensive experience using Salesforce.com, where I maintained accurate sales forecasts and updated client information regularly. This helps ensure transparency in the sales pipeline and fosters better communication within the team.

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What strategies do you use for effective relationship-building with clients?

Effective relationship-building involves active listening and genuine engagement. I strive to understand my client's business deeply, both by asking insightful questions and by maintaining regular contact. Providing them with valuable insights and being responsive to their needs can foster trust and a long-term partnership.

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How do you handle objections from potential clients?

Handling objections requires empathy and problem-solving skills. I first acknowledge the client’s concerns, then ask clarifying questions to understand the root of the objection fully. I provide relevant information or reframe the situation to demonstrate how our solutions can address their specific issues.

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What do you know about Verisk’s products and services?

Verisk is known for its broad range of analytics and technology solutions focused on the insurance industry, including claims solutions, underwriting capabilities, and risk modeling. I have researched various products like Claims Analytics and ClaimSearch, and I am excited about how these innovations empower businesses to manage risks effectively.

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How do you prioritize multiple projects and tasks?

Prioritizing tasks involves assessing deadlines, project complexity, and strategic importance. I find it effective to create a list of tasks and categorize them by urgency and impact. Using productivity tools and maintaining an organized workflow helps ensure that I can manage multiple projects effectively.

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Describe a time when you successfully closed a difficult sale.

In a previous role, I faced a challenging sale involving a hesitant client. By thoroughly understanding their concerns and demonstrating how our solution could solve their problem, I tailored my proposal to meet their specific needs and eventually secured the deal. It required patience and adaptability throughout the process.

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What are your long-term career goals within the sales industry?

My long-term goal is to progress to a strategic leadership position within the sales domain. I aim to deepen my industry knowledge, refine my leadership skills, and leverage my experience to drive a sales team that not only achieves targets but also fosters meaningful client relationships.

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How do you stay informed about industry trends and changes?

I stay informed about industry trends through multiple channels, including reading industry publications, attending webinars, and participating in relevant professional networks. Engaging with peers allows me to exchange ideas and learn about emerging challenges and solutions in the insurance sector.

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Why do you want to work for Verisk as an Account Executive?

I am drawn to Verisk's innovative approach and commitment to harnessing data analytics to drive industry betterment. The company’s dedication to inclusivity, innovation, and workplace culture resonates with my professional values, and I'm excited about the opportunity to contribute to a team that is transforming the insurance landscape.

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DATE POSTED
December 12, 2024

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