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Account Manager

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

Summary and Purpose

Responsible for the development of new sales opportunities, converting these to confirmed sales, managing the client through the on boarding process including the contracting process and maintaining a strong collaborative relationship with the client once on board. Liaising with colleagues across Whitespace to ensure all the Client’s ongoing transactional and strategic needs as they pertain to the Whitespace Platform.
Ensure that all internal account management processes are followed, objectives met, key Performance Indicators managed and results shared at appropriate forums.

Primary duties/responsibilities of the job:
Account Management

  • Actively seek and convert new business opportunities as appropriate
  • Ensure the timely and successful delivery and implementation of the Whitespace Platform within insurance related organisations / new clients
  • Manage the client on boarding process including the management of the Whitespace contracting process through DocuSign
  • Build and maintain strong long-lasting customer relationships to ensure all client needs are met both short term transactional and longer term strategic objectives as they pertain to the Whitespace platform.
  • Work closely with the Integrations team to ensure maximisation of revenue generation can be fulfilled through additional offered services
  • Organise and deliver Whitespace Platform demonstrations to prospective and existing customers
  • Attend, run or assist at customer training demonstrations with other account managers
  • Operate as the first point of contact for any and all non-technical matters specific to your accounts
  • Clearly communicate the progress of weekly/monthly/quarterly initiatives to internal and external stakeholders at relevant meetings
  • Record all work using the company’s preferred CRM and DMS systems
  • Provide support to the Chief Platform Officer and Chief Commercial Officer as required
  • Undertake full account reviews and analysis using preferred company reporting tools
  • Regularly update the CRM system with latest revenue projections to support internal revenue forecasting process
  • Successfully manage the end-to-end onboarding process for all new customers
  • Work closely with the Support team to ensure escalated customer tickets and queries are handled quickly and effectively
  • Willingness to work flexible hours at times, based on needs

Compliance & Training

  • Adhere to all company & regulatory policies and procedures as instructed
  • Carry out all training provided to deadlines prescribed
  • Work with compliance on IT relevant areas such as Data Security and Financial Crime
  • Execute the responsibilities of a company employee acting in a lawful and ethical manner in accordance with your contract of employment and company staff handbook
  • Work with department manager for own professional development, including performance appraisal and identifying and meeting training needs in order to ensure competence and compliance with current regulations

Qualifications

Experience Required · 5+ years of experience in an insurance related role · Proven work experience as an Account Manager, Key Account Manager, Sales Account Manager, Junior Account Manager or relevant Sales role within insurance · Delivering client-focused solutions to customer needs.

Education / Training / Qualifications required
Professional Qualification - Chartered Insurance Institute (CII) (desired not essential)

Knowledge / Skills / Attributes required

  • Strong verbal and written communication skills
  • Excellent listening, negotiating and presentation skills
  • Understanding of Stakeholder management
  • Intermediate understanding of the risk placement process between brokers and carriers · Solid experience with CRM software and MS Office
  • Understanding of insurance acronyms and terminology
  • Broad understanding of the London Insurance Market
  • Entry level understanding of the global Insurance Industry
  • An interest in technological advances in Insurtech
  • Willingness to learn and be agile in a fast-paced environment
  • Ability to operate collaboratively with colleagues is essential.
  • Ability to listen and retain new information quickly to disseminate to relevant internal stakeholders

#LI-LM03

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

$95000 / YEARLY (est.)
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$110000K

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What You Should Know About Account Manager, Verisk

Imagine being an Account Manager at Verisk, where your role goes beyond just numbers and statistics; it’s about building relationships and driving success. Based in Jersey City, NJ, you’ll be at the forefront of transforming how organizations see possibilities in their insurance processes. You'll dive deep into developing new sales opportunities, turning them into confirmed sales, and guiding clients through the onboarding journey on the cutting-edge Whitespace Platform. This isn’t just about meeting quotas – it’s about weaving strong, long-lasting connections with clients while understanding their immediate and strategic needs. You’ll play a vital role as the first point of contact for non-technical inquiries and ensure their challenges are resolved swiftly. Collaboration is key, as you'll liaise with teams to deliver seamless services and maximize revenue generation through additional offerings. In this dynamic environment, you’ll also conduct client training and share insights with stakeholders to monitor objectives and performance goals. Continuous learning is encouraged, as you’ll engage in professional development to stay ahead of industry trends, particularly in technology advancements tied to Insurtech. Verisk prides itself on a wonderful workplace culture, making it a fantastic place to grow your career, not just in insurance but in an innovative and inclusive environment. Your voice will matter here, and your contributions will shape the future of our clients and the industry.

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

As an Account Manager at Verisk, you'll be responsible for developing new sales opportunities, converting them to sales, and managing the client onboarding process. Your role involves ensuring timely delivery of the Whitespace Platform, building strong client relationships, and liaising with internal teams to meet client needs effectively.

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What qualifications do you need to become an Account Manager at Verisk?

To qualify for the Account Manager position at Verisk, you should have over 5 years of experience in an insurance-related role, ideally in account management. While a professional qualification from the Chartered Insurance Institute (CII) is desired, strong verbal and written communication skills, CRM software proficiency, and an understanding of the insurance market are crucial.

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How does the onboarding process work for new clients at Verisk?

At Verisk, the onboarding process for new clients is managed meticulously by the Account Manager. You will oversee the Whitespace contracting process via DocuSign and ensure smooth implementation of services. Regular communication with clients and cross-department collaborations will be essential in making their transition seamless.

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What skills are essential for an Account Manager at Verisk?

Essential skills for an Account Manager at Verisk include excellent communication and presentation abilities, negotiation prowess, stakeholder management understanding, and a strong grasp of CRM systems. Being adaptable and having a willingness to learn in a fast-paced environment will also set you apart.

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What does a day in the life look like for an Account Manager at Verisk?

A typical day for an Account Manager at Verisk includes actively pursuing new business opportunities, conducting client meetings, managing relationships, delivering platform demonstrations, and collaborating with the support team on customer queries. The role is vibrant and requires a mix of strategic thinking and hands-on problem-solving.

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Common Interview Questions for Account Manager
Can you describe your experience as an Account Manager in the insurance industry?

In your response, highlight your previous roles, specific achievements, and how you effectively managed client relationships. Discuss your knowledge of CRM systems, sales targets met, and how you navigated challenges to improve client satisfaction.

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How do you prioritize tasks while managing multiple client accounts?

Explain that prioritization is key, utilizing tools like task lists or CRM software to track deadlines. Emphasize how you assess client needs, measure urgency, and maintain communication to ensure nothing slips through the cracks.

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What strategies do you use to build long-term relationships with clients?

Discuss the importance of regular check-ins, understanding client goals, and being proactive in offering solutions. Mention techniques like personalized communication, providing value through insights, and being available to address concerns.

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Describe a challenging situation you faced with a client and how you resolved it.

Share a specific scenario where you had to manage a client’s dissatisfaction or issue. Focus on your approach to listen, analyze the situation, provide a solution, and communicate throughout the process to reassure and retain the client’s trust.

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How do you stay updated with insurance industry trends and technological advances?

Mention subscribing to industry publications, attending conferences or webinars, and networking with industry peers as effective methods to stay informed. Demonstrate your commitment to professional development through continuous learning.

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How do you handle conflicts or disagreements with clients?

Explain your approach based on open communication and active listening. Describe how you assess the situation, validate the client's feelings, and work together towards a resolution that aligns with both parties’ interests.

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What metrics do you consider when measuring your performance as an Account Manager?

List relevant metrics like client retention rates, sales growth, customer satisfaction scores, and successful onboarding processes. Emphasize that you track these indicators to gauge your impact and make data-informed decisions.

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How do you manage the onboarding process for new clients?

Detail your method, focusing on communication schedules, defining clear steps in the onboarding process, and collaborating with internal teams to ensure all client needs are addressed during their transition for maximum satisfaction.

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What is your understanding of the Whitespace Platform?

Showcase your understanding by explaining what the Whitespace Platform is used for in the industry, how it benefits clients, and your ability to demonstrate its features effectively to both new and existing customers.

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Why do you want to work as an Account Manager at Verisk?

Your response should reflect passion for the insurance industry, alignment with Verisk's values, and the innovative environment they provide. Express enthusiasm for contributing to impactful client relationships and the potential for career growth.

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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, on-site
DATE POSTED
December 5, 2024

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