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Relation Insurance Services · 4 months ago

Risk Placement Specialist - Commercial Lines

Chicago, IL

Full-time

Onsite

Mid, Senior Level

$87K/yr - $92K/yr

7+ years exp

Relation Insurance Services is a company focused on providing marketing support to retain and grow business. The Risk Placement Specialist plays a critical role in partnering with sales and service teams to develop strategies that attract new clients and retain existing ones through effective risk placement and policy renewal processes.

ConsultingEmployee BenefitsFinancial ServicesInsuranceRetirement

Responsibilities

Develops and implements a renewal strategy based on potential and existing clients’ risks profiles, market conditions and carrier options

Engages with insurance carriers to negotiate favorable renewal terms, including premiums rates, deductible levels, and coverage enhancements. Placing policies with the most suitable carrier

Conducts market research and analysis to identify insurance carriers and products that best meet potential and existing clients needs and offer competitive pricing

Collaborates with sales and service teams to align placement efforts with sales and service objectives

Keeps accurate and complete documentation of renewal policies, endorsements, and client information

Handles administrative tasks related to policy renewals, such as updating marketing spreadsheet

Proactively identifies opportunities to enhance client satisfaction and retention by providing exceptional service, addressing concerns, and offering additional coverage options or risk management recommendations

Builds and maintains strong relationships with insurance carriers, underwriters, clients (internal and external) to ensure smooth insurance renewal processes and effective communication

Adheres to legal and regulatory requirements in the insurance industry, ensuring all renewals comply with applicable laws and regulations

Special projects and other duties as assigned

Qualification

PropertyCasualty LicenseCommercial lines of coverageInsurance designationsMicrosoft Office SuiteMarket researchAnalysisAnalytical skillsMathematical skillsWritten communicationVerbal communicationInterpersonal skills

Required

A Property and Casualty License from state of domicile is required and must be maintained

Minimum 7 years' experience in supporting all risk placement initiatives related to new and renewal business

Strong proficiency in using Microsoft Office Suite, especially Word, PowerPoint, Excel

Ability to learn and adapt quickly to new technologies and software

In-depth understanding of commercial lines of coverage

Excellent written/verbal communication and interpersonal skills, with the ability to effectively interact with internal and external clients, business partners, and insurance carriers

Ability to manage multiple tasks and prioritize work effectively to meet or exceed deadlines

Professional and polished presence and communications for virtual or in-person meetings

Strong analytical and mathematical skills