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Senior 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

Job Description

Verisk is currently looking for highly motivated sales entrepreneurs to join our Business Development team. Initially, we will ask that you learn the science, statistics and risk-based analytics that underpin our casualty modeling solutions. You will work closely with clients and prospects to understand their business needs, with a view to creating and expanding those relationships and ultimately growing Verisk’s revenue and market share in the casualty modeling and risk management space.

A large proportion of your time will be spent engaging with multiple job functions and levels of seniority, including “C” suite, across the national and global insurers, reinsurers and brokers.

About the Day-to-Day Responsibilities of the Role

  • Improve our market penetration among insurers, reinsurers, and intermediaries in the expanding business of casualty exposure management and risk management software
  • Collaborate with R&D, product management, and marketing teams to raise awareness of the casualty modeling discipline, and develop and deliver compelling value propositions
  • Manage major client accounts to ensure retention and to identify new sales opportunities
  • Work with qualified prospects to demonstrate how Verisk’s leading-edge data products and solutions will meet their needs.
  • Work with a high-powered team of professionals to understand sophisticated risk-modeling techniques and to identify new marketing approaches 
  • Write proposals, as well as negotiate and structure licencing contracts
  • Manage the sales pipeline, supporting and engaging with account executives globally, communicating sales status to management and attending sales meetings
  • Prepare weekly, monthly, and annual goals and objectives and track progress in achieving them 

Education:

  • BS or BA degree in a quantitative field
  • MBA or MS Management desirable

Qualifications

  • Strong experience in business development, marketing and sales in the P&C insurance industry with an emphasis on liability lines of business
  • Excellent communication and demonstration skills
  • Demonstrated ability to follow through the sales process from initiating to closing the sale
  • Self-motivated and ability to work autonomously

Knowledge of at least one of the following areas a plus:

  • P&C insurance industry with strong liability knowledge
  • Underwriting, claims or actuarial experience a strong benefit
  • Proven track record in sales and account management, or solid potential to develop these skills

#LI-ZP1

#LI-Hybrid

Additional Information

In 2022, Verisk received Great Place to Work® Certification for our outstanding workplace culture for the sixth year in a row and second-time certification in the UK, Spain, and India. We’re also one of the 38 companies on the UK’s Best Workplaces™ list and one of 18 companies on Spain’s Best Workplaces™ list.

For over fifty years and through innovation, interpretation, and professional insight, Verisk has replaced uncertainty with precision to unlock opportunities that deliver significant and demonstrable impact. From our historic roots in risk assessment, we’ve grown to provide analytic insights that help transform industries focused on some of the world’s most critical areas. Today, the insurance industry relies on Verisk to be, and to make the world, more productive, resilient, and sustainable.

Verisk works in collaboration with our customers and at the intersection of people, data, and advanced technologies. Through proprietary platformed analytics, advanced modeling, and interpretation, we deliver immediate and sustained value to our customers and through them, to the individuals and societies they serve, with greater speed, precision, and scale.

We’re 9,000 people strong, committed to translating big data into big ideas. We help others see new possibilities and empower certainty into big decisions that impact individuals and societies. And we relentlessly and ethically pursue innovation to help move our customers, and the world, toward better tomorrows.

Everyone at Verisk—from our chief executive officer to our newest employee—is guided by The Verisk Way, to Be Remarkable, Add Value, and Innovate.
• Be Remarkable by doing something better each day in service to our customers and each other
• Add Value by delivering immediate and sustained results that drive positive outcomes
• Innovate by redefining what’s possible, embracing challenges, and pushing boundaries

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

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the 7th consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce.  Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.

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 Senior Account Executive, Verisk

Verisk is on the lookout for a dynamic Senior Account Executive to join our vibrant Business Development team in Boston, MA! In this role, you will dive deep into the world of casualty modeling solutions, leveraging your passion for analytics and risk management to build strong relationships with clients and expand our market presence. Your days will be filled with exciting interactions as you collaborate closely with C-suite executives and stakeholders across national and global insurers, reinsurers, and brokers. Your mission will involve understanding their unique business needs and showcasing how Verisk's innovative data products can help them achieve their goals. As you excel in nurturing major client accounts, you will also uncover new sales opportunities and get the chance to craft compelling proposals while negotiating licensing contracts. Joining a talented team, you’ll benefit from shared knowledge about sophisticated risk-modeling techniques and will play an integral part in our mission to empower businesses and societies through data-driven insights. If you have solid sales experience in the P&C insurance industry with a focus on liability lines and possess excellent communication skills, you’ll find a thriving environment to contribute and grow. At Verisk, we’ve built a reputation for being a great place to work, and we invite you to be part of our journey toward transforming the landscape of risk management!

Frequently Asked Questions (FAQs) for Senior Account Executive Role at Verisk
What does a Senior Account Executive do at Verisk in Boston?

As a Senior Account Executive at Verisk in Boston, you will engage with clients, understand their business needs, and foster relationships to drive sales in casualty modeling and risk management solutions.

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What qualifications are required for the Senior Account Executive position at Verisk?

To be considered for the Senior Account Executive role at Verisk, you should have a BS or BA degree in a quantitative field, strong experience in the P&C insurance industry, and excellent communication skills.

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What skills are essential for a Senior Account Executive at Verisk?

Essential skills for a Senior Account Executive at Verisk include sales expertise in P&C insurance, ability to engage with diverse client roles, excellent negotiation skills, and proficiency in managing client accounts.

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How does Verisk support the development of Senior Account Executives?

Verisk offers training, resources, and mentorship to help Senior Account Executives develop their sales skills and knowledge in casualty modeling, supported by collaboration with experienced professionals.

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What kind of sales strategies does a Senior Account Executive at Verisk employ?

A Senior Account Executive at Verisk utilizes relationship-building strategies, data-driven insights, and collaboration with teams to tailor solutions to client needs while expanding market penetration.

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What is the work culture like for a Senior Account Executive at Verisk?

Verisk fosters a supportive and innovative work culture for Senior Account Executives, emphasizing professional engagement, diversity, and opportunities for career advancement.

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What are the growth opportunities for Senior Account Executives at Verisk?

Senior Account Executives at Verisk have numerous growth opportunities, including career advancement within the company, skill development programs, and industry recognition for top performance.

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Common Interview Questions for Senior Account Executive
Can you describe your experience with sales in the P&C insurance industry?

When answering this question, highlight your relevant experience, specific accomplishments, and the types of clients or products you've worked with in the P&C insurance industry.

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How do you identify new sales opportunities in your accounts?

Demonstrate your analytical skills and methods you use, such as analyzing market trends, client feedback, and conducting regular assessments of client accounts for potential growth.

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Describe a challenging negotiation you've handled in the past.

Use the STAR method (Situation, Task, Action, Result) to describe the negotiation, emphasizing your strategic approach, effective communication, and the successful outcome.

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How do you build and maintain relationships with clients?

Share your approaches to relationship management, such as regular check-ins, understanding client needs, and providing outstanding support and solutions tailored to their business.

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What strategies do you use to manage your sales pipeline effectively?

Discuss how you utilize tools and frameworks to track your sales pipeline, prioritize leads, and forecast potential sales outcomes based on data-driven metrics.

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How do you stay updated with industry trends and changes?

Mention your engagement with industry publications, networking events, and continuous learning opportunities, which help you stay informed about trends affecting the P&C insurance sector.

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Can you give an example of a successful sales pitch you made?

Provide a detailed account of the pitch, focusing on your targeted approach, understanding of the client's needs, and how your solution ultimately led to sealing the deal.

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What tools do you find invaluable in managing your client accounts?

Describe specific CRM tools or software you use to manage accounts efficiently, track communications, and analyze account performance and sales data.

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How do you handle client objections during the sales process?

Explain your approach to handling objections, including listening actively, empathizing with client concerns, and providing evidence-based solutions to alleviate doubts.

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What motivates you to excel as a Senior Account Executive?

Discuss both intrinsic and extrinsic motivators for your role, such as achieving targets, building lasting relationships, and contributing to the overall success of the organization.

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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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DATE POSTED
November 29, 2024

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