Full-Time

Account Manager

Construction Insurance

Posted on 7/3/2025

Tranzact

Tranzact

1,001-5,000 employees

Insurance marketplace with analytics and agents

No salary listed

Sydney NSW, Australia

Hybrid

Hybrid working model with a mix of in-person and remote interactions.

Category
Sales & Account Management
Required Skills
Risk Management
Requirements
  • Experienced Account Manager within the insurance broking industry, preferably in construction.
  • Proven ability to understand a client’s needs and exceed their expectations.
  • Professional, reliable, and able to work autonomously with minimal guidance.
  • Substantial insurance broking and/or industry experience.
  • Significant demonstrated experience in complex coverage and wording reviews.
  • Demonstrated understanding of claims management processes.
  • Qualifications in accordance with the Financial Services Reform Act (minimum Tier 1 Broking Compliance).
  • Broad understanding of business, economic, and environmental factors.
  • Relevant tertiary qualification and/or significant business experience.
Responsibilities
  • As a client advocate, ensure that the client’s risk management and insurance broking objectives are identified and actioned to deliver high-quality services.
  • Client service strategies are implemented in accordance with Willis Client Service.
  • Multi-tier client contact is implemented and reviewed for all qualifying accounts in accordance with Willis Client Service.
  • Formal client feedback (Net Promoter Score) is obtained annually for all qualifying accounts in accordance with Willis Client Service.
  • The renewal process is completed with no outstanding renewals.
  • In consultation with the NSW Construction Practice Leader, drive the new business development process within the team using appropriate strategies to gain new business for the Group.
  • Team new business targets are met annually.
  • Personal involvement in all selected new business exercises.
  • Maintain the accuracy, currency, and quality of information contained within the pipeline.
  • Maximise revenue generated from the existing client base through continual analysis of client profitability and full utilisation of group facilities.
  • Manage the company profile with insurers by identifying and maintaining strategic relationships across all key markets.
  • Maintain or improve relationships with insurers.
  • Comply with specific business management processes.
  • Ensure compliance with all company policies and procedures.
  • Support training, mentoring, and development of people within the Construction Practice.
  • Achieve and maintain compliance with the Financial Services Reform Act Tier 1 education requirement (e.g., Diploma of Financial Services, Insurance Broking).
  • Undertake professional development activities as outlined in your Continuing Professional Development Plan.

Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$632.4M

Headquarters

Fort Lee, New Jersey

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • GTCR acquisition at $632.4 million enables tech scaling under existing management.
  • Recognize's digital investment boosts TRANZACT's marketing and analytics.
  • Data-driven personalization deepens reach in Medicare Advantage markets.

What critics are saying

  • GTCR's debt financing burdens TRANZACT with high interest payments now.
  • Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
  • NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.

What makes Tranzact unique

  • TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
  • Tandem by TRANZACT extends member engagement directly to carriers.
  • TRANZACT manages over one million active Medicare and life policies.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Hybrid Work Options

Flexible Work Hours

Company News

CSIMarket
Jan 2nd, 2025
WTW Sells TRANZACT to GTCR, Recognize

WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.

Recognize
Oct 1st, 2024
Recognize and GTCR to Acquire TRANZACT - Recognize

Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...

INACTIVE