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Group Benefits Account Manager - 3DHPQ in Syracuse, NY at M&T Bank

Date Posted: 5/23/2018

Job Snapshot

  • Employee Type:
  • Location:
    Syracuse, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description

M&T Insurance Agency, Inc., is the wholly owned property and casualty insurance subsidiary of M&T Bank. M&T Insurance Agency is licensed in nearly all fifty states and represents clients at the local, regional, national and international levels.
M&T Insurance Agency offers a unique combination of innovative products and services to meet the rapidly changing needs of our clients. We have relationships with some of the largest insurance companies in the world, which gives us access to a wide range of coverages.
Our business units serve a wide range of industries, including manufacturing, retail, service, construction, environmental, real estate, transportation, non-profit, healthcare, technology, telecommunications, and energy. We specialize in Commercial, Personal, Surety & Executive Protection, and Group Benefits.
M&T Insurance Agency is headquartered in Buffalo, NY, where the company was founded in 1955. The agency maintains six offices throughout the Northeastern United States and the Mid-Atlantic.

Provides high quality customer service to new and renewal accounts and provides support for the Benefit Consultants and Account Executives in servicing Group Benefits Clients’ accounts.

Performs customer service on accounts such as researching Client questions, performs account maintenance, answers client’s questions and resolves issues and answers day-to-day inquires on the account.
Assist in making proper market selections based on knowledge of the insurance marketplace, understanding of the client’s needs/wants, and evaluation of the current pricing, coverage and consultation with producer.
Inputs benefits plan information through department software/systems and performs maintenance to Client plans.
Prepares materials (i.e. benefit plan comparisons and open enrollment materials) for Client meetings based on marketing results.
Engages in peer review to feedback and ensure high quality and delivery of finalized materials.
Assists and support the negotiation process to ensure pricing and coverages satisfy the Client’s requirements and helps the producer maintain a high rate of account retention.
Support Clients by ensuring a smooth implementation of plan designs accurately and correctly.
Provides sales support to Benefits Consultants/ Account Executives to prepare materials or information to present to the Client. May participate in Client meetings as requested by the Benefits Consultant to provide product or account information.
Maintain a high level of communication with the Benefit Consultant, client and carriers to service current and new accounts.
Provide field support for specific cases in the renewal process and the Open Enrollment for significant prospects.
Keeps informed of the industry and develops knowledge of insurance products.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Other related duties as assigned.

Provides high quality customer service to new and renewal accounts and provides support for the Benefit Consultants and Account Executives in servicing Group Benefits Clients’ accounts.
Associates degree and minimum of 3 years Insurance experience OR combination of 5 years of relevant experience and upper education.
Working knowledge of Microsoft Word and Power Point, moderate level of expertise with Excel to design plan comparisons.
Strong communications skills to detail with internal and external customers.
Ability to share information and maintain confidentiality.
Demonstrated ability to work independently and in a team environment.

Bachelor’s degree in Business preferred
Ability to obtain State Brokers License
Working knowledge of Group Benefits insurance products and marketing.
Knowledge of medical insurance plans and ancillary lines such as dental, vision, flexible spend account (FSA), health care reimbursement accounts (HRAs), health care savings account (HSAs) and employer cafeteria plans
Experience with employer annual open enrollment meetings
Knowledge of Zywave, Brokerage Builder and Epic systems
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.