Description
Guarantee Trust Life Insurance Company is a longstanding leader in life and accident & health (A&H) insurance, located in suburban Glenview, Illinois – just 15 minutes northwest of Chicago. In business since 1936, we currently provide coverage to more than 1.5 million people with a commitment to providing unmatched customer service. We take pride in making our employees feel respected and rewarded -- from offering fulfilling professional challenges and providing a pleasant work environment to providing a 401(k) and profit-sharing plan.
We are currently seeking a Vice President for the Special Risk line of business. The Special Risk line of business consists of college accident/sickness and sports, K-12 accident/sickness and sports, and non-student special risk coverages.
Vice President Special Risk
This position directs the sales and administration for Special Risk but does not have direct responsibility for claims. The primary focus of this position is to work with existing and new agents while reviewing underwriting to profitably grow the Special Risk business.
The Vice President of Special Risk will develop long range objectives for the division including details for meeting those objectives, establish department budget and is accountable for profitable sales as measured against plan.
Sixty percent of time is spent as follows:
- Interacting with Agents and schools to develop benefit programs
- Working with National Sales Managers to negotiate new General Agent agreements so as to meet sales plan objectives
- Solicitation and servicing of agency force
- Meeting with current producing General Agents regarding quality and quantity of business
- Answering questions and handling problems related to all aspects of the business, such as: policy interpretation, commissions and regulatory issues
- Annual design and rating of student accident and college accident programs
- Tracking competition
Twenty percent of time is spent as follows:
- Preparation and filing of policies and all related printing
- Coordinating with compliance, actuary, accounting and claims
- Budgeting, projected loss ratios, reserves, premium assumptions
Internal administrative support is provided by Product Approval and Compliance and Claims. External administrative support is provided by various third party administrators.
Decision making:
Rating of college cases and student programs
Rating of individual benefits
Commissions and contracts
Consult with Senior Vice President to determine goals of Special Risk division as they relate to overall goals of Guarantee Trust.
Careerbuilder key words: Vice President, Special Risk, special risk, underwriting, Insurance Executive, Specialty Market, Upper Management, life insurance, accident risk, risk
Requirements
Knowledge and Skills:
-Proven ability to grow profitable business in this specialty market
-Recruit new agents
-Grow business of existing agents
-Underwriting
-State compliance regulations
-Communication
-Medical terminology
-Bachelor’s Degree preferred
Guarantee Trust Life Insurance Company offers attractive compensation and benefits! Please email your resume, including salary history and requirements, to: [Click Here to Email Your Resumé] (Word format only), or fax to: 847-699-2355, or mail to HR Dept., P.O. Box 1146, Glenview, IL 60025. EOE m/f/d/v
