Placement Specialist Builders Risk

Job Summary: Responsible to market negotiate and place complex Builders Risk insurance coverage with specified carriers; maintains current coverage specifications and performs insurance coverage audits on new and existing accounts.

A Day in The Life

• Conducts a detailed coverage analysis on existing client and new prospect risk management programs; prepares report which details coverage gaps and strategies to improve the program.

• Researches and understands client/prospect operations determines exposures to loss and evaluates alternatives to address risk.

• Evaluates and interprets the clients claim loss experience and any related financial information to ensure all data needed has been accurately identified.

• Formulates a marketing strategy to target specific carriers; collaborates with the related Sales and/or Client Executive by account to achieve the best results.

• Prepares submissions coverage specifications contacts underwriters and distributes submissions; continuously communicates with underwriters and the related account team during marketing process.

• Summarizes carrier quotations by comparing and interpreting policy provisions plan design terms and exclusions and develops a coverage comparison document for client presentation and proposal.

• Assists in marketing strategy meetings for existing clients and collateral reviews; presents the results of the marketing effort in conjunction with the respective account team.

• Conducts final negotiations with underwriters binds coverage and provides binder and billing documentation accordance with defined workflows.

• Maintains a list of carrier contacts coordinates carrier visits; develops and maintains strong carrier relationships at the local regional and national levels.

• Knowledgeable in the changing insurance marketplace and carrier portfolio risk preferences; remains current in each carriers financial strength and risk appetite.

• Creates innovative coverage solutions; authors thought leadership pieces such as blogs pod-casts webinars and coverage bulletins for distribution internally and externally.

• Additional duties include serving as an ongoing advisor to key clients and assisting in peer reviews.

• Assists in the performance of peer reviews for the Placement Specialist.

• Other duties as assigned.

What Youll Need

• 5-10 years or more of related experience or relevant experience and education combined

• Performs effectively with competing deadlines

• Technical strength in understanding and processing mathematical information

• Process oriented to drive efficient workflow

• Strong negotiating skills with the ability to communicate effectively with all parties

• Keen of all project delivery methods and the implications on insurance program structure

• Understanding of relevant court interpretations on key coverage issues

• Technically strong relative to areas of specialty

• Understanding of brokerage and/or underwriting processes and procedures.

• Property & Casualty License required

Who You Are

• Develops and maintains collaborative internal and external relationships

• Demonstrated resourcefulness when working independently and on a team

• Strong written verbal and interpersonal communication skills

• Critical thinker with the ability to determine key issues and alternative solutions

• Strong organizational skills with ability to prioritize high work volume

• Attention to detail prepares quality and accurate information

• Effective decision-making and reasoning skills

• Passion for and ability to execute life-long learning