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Senior Account Executive - job 1 of 2

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

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

Are you ready to step into a pivotal role that drives real change? Join Verisk as a Senior Account Executive in beautiful Boston, MA! We’re passionate about transforming industries through our cutting-edge analytic solutions, and we believe talented professionals like you can help us achieve that. In this role, you’ll tap into the science behind our casualty modeling solutions, engaging with clients to understand their needs and foster long-lasting relationships. Your days will be dynamic, collaborating across various teams to promote our services to insurers, reinsurers, and brokers alike. You’ll become an expert in utilizing data to offer solutions that meet complex challenges. With a focus on market penetration within the casualty exposure management and risk management sectors, you’ll be both a strategic thinker and a relationship builder. Dive into the action by managing key accounts, writing proposals, and enhancing communication styles that resonate at every level—from analysts to C-suite executives. If you have a background in P&C insurance, especially in liability lines, along with excellent sales acumen, this could be the perfect platform for your talents. Plus, at Verisk, you’ll thrive in a culture recognized as one of the best places to work. Here, we’re dedicated to delivering value and innovation for a better tomorrow. Come be part of something bigger at Verisk, where every day presents an opportunity to make a positive impact!

Frequently Asked Questions (FAQs) for Senior Account Executive Role at Verisk
What are the primary responsibilities of a Senior Account Executive at Verisk?

As a Senior Account Executive at Verisk, your primary responsibilities include driving business development efforts to improve market penetration within the casualty exposure management sector. You will engage with clients to understand their needs, manage major accounts, and collaborate with various teams to deliver compelling value propositions through our analytic solutions.

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

To qualify for the Senior Account Executive role at Verisk, a BS or BA degree in a quantitative field is essential, with an MBA or MS in Management being desirable. Strong experience in business development within the P&C insurance industry, especially with liability lines, is key along with excellent communication and sales skills.

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How does a Senior Account Executive contribute to Verisk's revenue growth?

A Senior Account Executive at Verisk plays a crucial role in revenue growth by identifying new sales opportunities and retaining existing clients. By understanding market dynamics and showcasing our advanced data products, you'll be able to convert prospects into customers, thus assisting in driving comprehensive revenue strategies.

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What skills are critical for success as a Senior Account Executive at Verisk?

Successful Senior Account Executives at Verisk possess strong sales and account management skills, a deep understanding of the P&C insurance landscape, and excellent communication abilities. Additionally, being self-motivated and having the capacity to work independently are also crucial components for thriving in this role.

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

At Verisk, the work culture is vibrant and engaging. As a Senior Account Executive, you'll be part of a supportive environment that values innovation, collaboration, and individual contributions. Verisk has been recognized for its outstanding culture, contributing to employee satisfaction and success.

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

In answering this question, focus on specific achievements you’ve made in previous roles, particularly related to sales strategy and client engagement within the P&C insurance sector. Highlight how your experience aligns with Verisk’s focus on casualty modeling solutions.

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What strategies would you use to build relationships with new clients?

Discuss strategies that involve active listening, understanding the client’s needs, and delivering tailored solutions. Describe how you would follow through by maintaining regular communication and providing valuable insights that reinforce trust.

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How do you handle a difficult client relationship?

Provide insight into your conflict resolution skills, emphasizing patience and communication techniques. Share an example if you have one, detailing how you turned around a challenging situation into a positive outcome.

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What is your approach to managing the sales pipeline?

Illustrate a systematic approach to managing the sales pipeline, emphasizing organization, regular updates, and communication with the team. Discuss tools you use or methods you’ve adopted to track progress effectively.

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Describe a time when you successfully closed a complex deal.

This question allows you to showcase your negotiation skills. Detail the complexities of the deal, your approach to addressing the challenges, and how your proposal highlighted the value Verisk’s solutions would bring to the client.

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

Articulate genuine reasons that reflect your admiration for Verisk’s mission in the analytics and risk management space. Highlight your alignment with their values and how excited you are about the opportunity to contribute positively.

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What do you know about casualty modeling and risk management?

Use this opportunity to demonstrate your industry knowledge. Discuss basic concepts along with how Verisk applies these in its solutions. Show that you are prepared to learn more about their specific methodologies and tools.

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How do you stay motivated when meeting sales targets?

Focus on intrinsic and extrinsic motivators. Discuss how you set personal goals, track your progress, and find fulfillment in meeting challenges, as well as your tactics for maintaining high energy levels during tough periods.

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What tools do you use for reporting and analysis?

Mention any CRM systems and analytic tools you are familiar with. Discuss how you leverage data to keep track of your sales performances and inform your strategies.

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How do you prioritize your tasks when managing multiple accounts?

Outline your prioritization process, whether through time management techniques or prioritizing by the potential revenue impact. Emphasize your organizational skills and how you balance urgency and importance.

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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
December 13, 2024

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