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Account Manager

Company Description

Why Wellmark: We are a mutual insurance company owned by our policy holders across Iowa and South Dakota, and we’ve built our reputation on over 80 years’ worth of trust. We are not motivated by profits. We are motivated by the well-being of our friends, family, and neighbors–our members. If you’re passionate about joining an organization working hard to put its members first, to provide best-in-class service, and one that is committed to sustainability and innovation, consider applying today! 

Learn more about our unique benefit offerings here

Want to know more? You can learn about life at Wellmark here.

Job Description

Help us lead change and transform the member experience.

The health care industry is changing and Wellmark is working to help change it for the better. We recognize that our clients deserve health care with a focus on quality – not quantity – of care. We also recognize that health care is complex. We’re working to ensure our organization is positioned to drive deeper understanding of solutions that help our clients navigate the system and make clear, informed decisions, and we’re ensuring that we take a team-centric approach to providing consultation to our clients. The work that our Account Management teams are doing in collaboration with our business partners will create these changes, all while working to minimize health care costs.

Use your strengths as Account Manager 

As Account Manager, you will cross-sell products and retain profitable health business and manage relationships with customers and/or agents for the purpose of selling and retaining health and specialty benefits business. Your effective consultation will enhance the understanding of benefits, in addition to identifying the need for potential changes to existing coverage and opportunities for cross-selling specialty benefits products or financial services. In addition, you’ll formulate and implement a broad business plan for account management, which incorporates customer-specific considerations and aligns with corporate or product strategies and initiatives.

Ideal candidates are strong consultants who are skilled at strategic business planning, recognizing unique client needs, and understanding the ins/outs of a complex industry. They are collaborative in approach and effective at project management – they love seeing business plans come to life and delivering on promises. Being a part of negotiations, crucial conversations, and presenting to key audiences are opportunities that energize them.

Note: We are currently searching for two Account Managers to join our team; one focusing on small group direct business, working with customers and the other focusing on our mid-size groups, working with agents.

Qualifications

Required:

  • Bachelor’s Degree or direct and applicable work experience.
  • 1+ year of experience in sales, account management, or related role with increasing levels of accountability–e.g., assigned to key accounts, clients, or lines of business. Demonstrated ability to develop and maintain strategic relationships with key decision makers, including senior leadership.
  • Consultative selling skills with the ability to persuade and influence others to take action while ensuring satisfaction, account retention and/or growth for a diverse block of business.
  • Strong written/verbal communication skills with the ability to articulate information relevant to products, services, or renewals through consultation and/or presentations customized to audiences’ needs.
  • Effective critical thinking, strategic planning, time management, prioritization, and documentation skills. Ability to utilize appropriate resources to identify opportunities, implement solutions, and measure impact.
  • Valid Driver’s License with moderate travel (20-30%)
  • Life & Health insurance license or ability to successfully obtain the license within 60 days of hire.

Preferred:

  • Bachelor’s Degree.
  • Health insurance industry or related experience with knowledge of products, services, funding arrangements, underwriting methodologies, etc.
  • Knowledge of applicable industry rules or regulations.

Additional Information

a. Responsible for the profitable retention of health customers and ancillary cross selling, through positive business relationships with customers, agents and consultants. Build and maintain relationships and positive business partnerships with each assigned customer through effective communication, service and consultation.

b. Develop and enhance the customer experience. Be a thoughtful consultant and strategic business partner for customers. Through regular/in-person customer interactions and by leading renewal activities, enhance their Wellmark experience by emphasizing our value proposition. Incorporate this information when formulating and executing customer specific business plans focused on customer needs and appropriate consultative activities to support renewal and retention of business.

c. Consult and conduct needs analysis to identify coverage alternatives which may be better suited to the customer’s changing needs, information or educational needs of the customer, as well as opportunities to layer additional benefits through ancillary cross selling efforts. Display effective presentation skills when presenting proposals, recommendations and education to customers.

d. Support the internal account service team whom they partner with to service accounts and delegates work appropriately to ensure customer needs are effectively met.

e. Document and analyze account information and activities in Customer Relationship Management (CRM) system in a timely manner and complete other reports as required by leader. Share key information with leadership and other internal stakeholders regarding their book of business.

f. Analyze data in order to address customer issues and provide a timely, accurate and appropriately detailed explanation to the customer. Gather and communicate competitor intelligence and convey to sales and marketing stakeholders.

g. Other duties as assigned.

Life and Health Insurance license required within 60 days of hire.

This job requires a non-compete agreement.

An Equal Opportunity Employer

The policy of Wellmark Blue Cross Blue Shield is to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contact us at [email protected]

Please inform us if you meet the definition of a "Covered DoD official".

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

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What You Should Know About Account Manager, Wellmark, Inc.

Join Wellmark as an Account Manager and become a vital part of our mission to transform the healthcare experience for our members! Based in Des Moines, IA, you’ll be engaging with clients to provide best-in-class service while driving deeper understanding and consultation on health benefits. If you’re passionate about helping others navigate the complexities of their health care, this is the job for you. As an Account Manager, your role will center around building solid relationships with customers and agents, cross-selling innovative products, and managing existing accounts efficiently. Your expertise will help ensure our clients understand their benefits, identify opportunities for enhancements, and navigate coverage options. You’ll also play a crucial part in developing a comprehensive business plan tailored to each client’s unique needs, all while collaborating with our dedicated internal teams. We’re looking for individuals who excel at strategic planning and have a knack for presenting ideas that resonate with diverse audiences. Whether you’re dealing with mid-size groups or diving deep into small group business, your persuasive and engaging consultation skills are essential. If you thrive on seeing your business plans come to life and delivering tangible results, Wellmark offers you the perfect platform to showcase your talents. Let’s work together to create a healthier Iowa and South Dakota – apply now and join our vibrant community of dedicated professionals committed to making a difference!

Frequently Asked Questions (FAQs) for Account Manager Role at Wellmark, Inc.
What responsibilities will an Account Manager at Wellmark have?

As an Account Manager at Wellmark, you will be responsible for cross-selling products, managing relationships with customers and agents, and retaining profitable health business. Key duties include conducting needs analysis, enhancing customer experiences through effective communication, and executing strategic business plans tailored to client needs.

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What qualifications are needed for the Account Manager role at Wellmark?

Wellmark seeks candidates with a Bachelor’s Degree or relevant experience, along with at least 1 year in sales or account management. Strong consultative selling skills, experience fostering relationships with key decision-makers, and excellent communication abilities are essential for success in this role.

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How does Wellmark support its Account Managers in their role?

Wellmark provides a supportive environment by fostering collaboration with internal account service teams and providing resources for effective account management. Training, comprehensive benefits, and a focus on professional development empower Account Managers to meet the diverse needs of their clients effectively.

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What does the career progression look like for an Account Manager at Wellmark?

Account Managers at Wellmark can evolve into more specialized roles within the company, such as Senior Account Manager or leadership positions. The company values career growth, and offering opportunities for further development is part of our culture aimed at nurturing talent.

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What type of clients will the Account Manager work with at Wellmark?

The Account Manager will engage primarily with small group direct businesses and mid-sized groups, either directly or through agents. Understanding the unique challenges faced by these client segments is crucial, and Account Managers will tailor their strategies to fit these needs.

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Common Interview Questions for Account Manager
Can you describe your experience with account management?

When answering this question, share specific examples from previous roles where you successfully managed accounts. Highlight your ability to develop relationships, understand client needs, and how your actions led to enhanced business outcomes.

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How do you prioritize tasks when managing multiple accounts?

Discuss your approach to time management and organization. Provide examples of tools or methods you use to stay on track, such as CRM systems or prioritization frameworks that help you keep all client communications and tasks in order.

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What strategies do you use to retain clients?

Share strategies rooted in communication and relationship-building. Discuss how you leverage feedback, conduct needs analysis, and continually provide value to clients, ensuring they feel supported and valued, which ultimately leads to retention.

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How do you approach consultations with clients?

Talk about your consultative approach to selling. Explain how you assess client needs, provide tailored solutions, and educate them on available products in a way that empowers their decision-making process.

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Can you provide an example of when you overcame a challenge with a client?

Be prepared to outline a specific challenge you faced. Focus on the problem-solving process, the strategies you employed, and the positive results you achieved, emphasizing your critical thinking and customer-centric approach.

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What do you think makes for effective communication with clients?

Mention clarity, empathy, and active listening. Discuss how customizing communication to fit client needs and ensuring transparency fosters trust and strengthens client relationships.

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How do you stay informed about industry trends and changes?

Discuss your dedication to continuous learning through professional development, attending industry seminars, or subscription to relevant publications. Share how this knowledge helps you better serve your clients.

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What software tools are you familiar with for account management?

Refer to any CRM tools you have worked with, such as Salesforce or similar systems. Highlight your proficiency in data analysis and documentation practices that ensure client information is not only organized but also actionable.

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In your view, what is the most important aspect of being an Account Manager?

Explain that building and maintaining strong relationships is key. Emphasize how understanding clients’ evolving needs and being seen as a trusted advisor leads to successful, long-term partnerships.

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How do you handle conflict with clients?

Discuss your approach to conflict resolution, focusing on active listening, empathy, and open dialogue. Offer an example demonstrating your ability to de-escalate situations and reach mutually beneficial solutions.

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Wellmark, headquartered in Des Moines, Iowa, and established in 1939, is a health insurance company specializing in individual and family health insurance plans.

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Full-time, on-site
DATE POSTED
December 8, 2024

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