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Account Executive

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

If you have a proven track record of consistently exceeding annual new sales & revenue retention goals, have experience in consultative sales, and excel at building long-lasting and trusting relationships with your customer base, we want to talk to you! 

Our Verisk Underwriting Sales Team is seeking a driven and entrepreneurially-minded Account Executive to be the lead in identifying, managing, and closing sales opportunities within an assigned U.S. account territory that covers accounts that range from established insurers to emerging InsurTechs or established producers including brokerages, MGA’s and agencies.

This is a remote position that would involve working from home and traveling to customer locations. Occasionally, travel to our main office located in Jersey City, NJ is required.

About the Day to Day Responsibilities of the Role

  • Driven seller who thrives working in a team selling environment with Product Managers, Subject Matter Experts, Business Development Representatives, Executives, and others to ensure that our complex solutions fit within our customers’ workflows
  • Strategic thinker who possesses a structured approach to selling that includes strong prospecting skills and the ability to sell based on business value
  • Able to quickly gain knowledge of your customers’ business and consultatively articulate Verisk’s value proposition across different operations within their organization
  • Able to quickly understand the customer decision-making process and influence key decision makers 
  • Accountability to the Verisk sales process
  • Relentless in qualifying deals
  • Problem solver
  • Bachelor’s degree from a four-year college or university 
  • Professional Training Program experience a plus 
  • Proficiency in MS Office and Salesforce.com 
  • Coachable self-starter with the ability to work from a remote home office effectively
  • Ability to travel up to 50% of the time 
  • Good to have: solid understanding and experience of Property Casualty Insurance; working knowledge of insurance functions, especially Underwriting, Marketing, Product Development, Actuarial, Modeling is a plus, as is knowledge across property and casualty
  • Good to have: three years’ experience and successful track record within a complex sales environment
  • Good to have: proven successful sales history in insurance software, data, geospatial and/or predictive modeling software solutions a plus 
  • Good to have: experience facilitating contract processes
  • Good to have: Salesforce.com experience and comfortability adopting new tools.

Qualifications

About You and How You Can Excel in this Role

  • Exceed average annual new sales goals of $3 - 4ML
  • Flawlessly manage deals with an average new total contract value (TCV) of $135,000 with an average sales cycle of 7 months
  • Manage existing solution revenue from current customer base within an assigned territory of 6 to 25 accounts for both growth and retention 
  • Prospect across the whole account and build a solid pipeline (2.5 to 3X sales goal) within assigned sales territory 
  • Successfully manage a short, mid and long-term strategic sales plan to attain a deep understanding and trust within assigned sales territory 
  • Actively maintain and communicate sales territory activity, notes, updates, call reports and opportunities with sales peers, sales leadership and product management as well as within Salesforce.com 
  • Develop customized solution proposals and contractual agreements 
  • Coordinate and work closely on sales opportunities, where required, with other Verisk Team members 
  • Provide timely feedback to sales peers, sales leadership, product management and marketing on developing industry trends, new product ideas and competitive intelligence within assigned sales territory 
  • Facilitate and develop trusting relationships on all levels within assigned sales territory accounts.

What Account Executives love about working here?

  • On Target Earnings (OTE) Commission Structure
  • Paid Parental Leave
  • Paid Time Off
  • Short- and Long-Term Disability Leave available as needed
  • Competitive Medical, Dental and Vision Plans
  • 401K Savings Plan
  • Employee Stock Purchase Plan
  • Life Insurance
  • Employee Assistance Plan
  • Wellness Program
  • Healthcare and Dependent Care Flexible Spending

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 disabilityVerisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

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.

https://www.verisk.com/privacy-policies/data-privacy-notice-for-employees-applicants-and-independent-contractors/ 

 

 

Average salary estimate

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What You Should Know About Account Executive, Verisk

Are you ready to take your sales career to the next level? Join Verisk as an Account Executive based in Jersey City, NJ! We’re on the lookout for someone who can consistently exceed sales goals and has a knack for building strong, trusting relationships with clients. In this role, you’ll be at the forefront of identifying, managing, and closing sales opportunities within a dynamic U.S. territory that encompasses everything from established insurers to exciting emerging InsurTechs. The best part? This position offers the flexibility to work from home, with occasional travel to meet customers and collaborate with our talented team in Jersey City. You’ll be working closely with product managers, business development pros, and industry experts to ensure our innovative solutions integrate seamlessly into our customers' workflows. This isn’t just any sales job; it's an opportunity to make a real impact, consulting with clients to show them how Verisk can enhance their operations. With your structured approach to selling and strong prospecting skills, you’ll drive our goals forward and enjoy the perks of a competitive commission structure, comprehensive health benefits, and a supportive culture that values diversity and innovation. Ready to influence key decision-makers and grow both existing and new client partnerships? Let’s chat about how you can be a part of something big at Verisk!

Frequently Asked Questions (FAQs) for Account Executive Role at Verisk
What qualifications do I need for the Account Executive position at Verisk?

For the Account Executive role at Verisk, you should have a bachelor's degree and ideally three years of experience in a complex sales environment. Strong consultative selling skills, proficiency in Salesforce.com and MS Office, and a solid understanding of the Property Casualty Insurance landscape are also desirable. Being a self-starter who can work remotely while effectively managing customer relationships is key to success in this position.

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What does the day-to-day look like for an Account Executive at Verisk?

As an Account Executive at Verisk, your daily routine will involve identifying and pursuing new sales opportunities, building relationships with clients, and collaborating with different teams to ensure our solutions meet customer needs. You’ll manage a sales pipeline, develop customized proposals, and travel up to 50% to meet with clients within your territory. You'll also provide feedback on industry trends and communicate regularly with your sales peers.

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What sales goals are expected of Account Executives at Verisk?

At Verisk, Account Executives are expected to exceed annual new sales goals, typically ranging from $3 million to $4 million. You will also be accountable for managing existing revenue and building a robust sales pipeline that’s 2.5 to 3 times your sales goals. This role requires commitment to achieving both short and long-term strategic sales plans.

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Is the Account Executive position at Verisk remote?

Yes, the Account Executive role at Verisk is primarily remote, allowing for work from the comfort of your home. However, there will be occasions where you may need to travel to customer locations and occasionally visit our main office in Jersey City, NJ, making this a flexible and dynamic working environment.

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What kind of commission structure can Account Executives expect at Verisk?

Account Executives at Verisk enjoy an enticing On Target Earnings (OTE) commission structure, enabling them to capitalize on their hard work and sales successes. The commission structure is designed to reward top performers who consistently exceed sales targets, allowing you to optimize your earning potential.

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What support can I expect as an Account Executive at Verisk?

As an Account Executive with Verisk, you will receive support through a collaborative team culture. You'll have access to product managers, subject matter experts, and thorough training programs aimed at enhancing your skills and aiding in your professional development. Verisk values inclusivity and diversity, ensuring you have the support needed to excel.

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What skills are essential for success as an Account Executive at Verisk?

Success as an Account Executive at Verisk hinges on a few key skills: strategic thinking, excellent prospecting capabilities, and the ability to understand and articulate the value of our solutions effectively. Additionally, strong relationship-building skills, problem-solving abilities, and a consultative sales approach are crucial for influencing key decision-makers within client organizations.

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Common Interview Questions for Account Executive
Can you describe your experience with consultative selling as an Account Executive?

When answering this question, highlight specific instances where you successfully identified customer needs and tailored your sales approach accordingly. Emphasize how this consultative method helped you build lasting relationships and close deals.

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How do you prioritize and manage your sales pipeline?

Discuss your system for tracking leads and managing follow-ups. Explain how you categorize prospects based on their readiness to buy and how you allocate your time to various stages of the sales process to maximize efficiency.

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What strategies do you use to exceed sales goals?

Provide examples of specific strategies you’ve utilized to enhance your sales performance. This might include leveraging data analytics, building strong relationships with existing clients for upselling, or utilizing CRM tools like Salesforce.com effectively.

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How do you approach building relationships with key decision-makers?

Share techniques you use to initiate and develop relationships with decision-makers. This might include personalized communication, understanding their business challenges, attending industry events, or leveraging mutual connections.

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Describe a difficult sales experience and how you overcame it.

Reflect on a challenging sales scenario and detail the steps you took to address it. Highlight the importance of resilience and adaptability, and how your problem-solving skills helped you achieve a successful outcome.

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What is your experience with Salesforce.com or similar CRM systems?

Explain how you’ve utilized Salesforce.com to manage your sales activities, track leads, and maintain customer relationships. Give examples of how it helped you achieve your sales targets and stay organized.

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How do you stay informed about trends in the Property Casualty Insurance industry?

Discuss your methods for keeping updated on industry changes, such as following relevant news channels, attending conferences, participating in webinars, or being part of professional organizations that focus on insurance trends.

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What motivates you in a sales role?

This is your chance to share your passion for sales and communication. Whether it's the thrill of closing a deal, the enjoyment of problem-solving, or the satisfaction of helping clients succeed, convey your enthusiasm and motivation.

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How do you handle client objections during the sales process?

Describe your approach to objections, emphasizing active listening and empathy, as well as providing tailored solutions that address the client’s concerns, thereby turning objections into opportunities.

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What does your typical sales cycle look like?

Outline your sales cycle, from prospecting to closing. Discuss how you manage each stage, including qualification, needs assessment, proposal creation, and follow-up, and highlight any tactics that have proven effective in shortening the cycle.

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To be the leading strategic data, analytics and technology partner to the global insurance industry by delivering value to our clients through knowledge, expertise and scale.

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Full-time, hybrid
DATE POSTED
November 27, 2024

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