Description :
JOB TITLE : Placement Consultant
JOB TYPE : FLSA Exempt
REPORTS TO : Director of Commercial Marketing
ESSENTIAL DUTIES & RESPONSIBILITIES :
Collaborate with the Service Team to ensure the following processes are completed
Oversee and Manage the Process :
- Ensure you have a clear understanding of the new business and renewal accounts assigned to you.
- Keep track of all accounts and their respective timelines to ensure timely processing.
Primary Contact with Service Team :
Act as the main point of contact for the Service Team during the insurance placement process to ensure smooth communication and coordination.Review Submissions to the Insurance Market :
Thoroughly review submissions to ensure accuracy and completeness.Familiarize yourself with account details to negotiate effectively.Facilitate Insurance Placement Strategy Calls :
Schedule and conduct strategy calls with the Service Team and / or Advisor to align on goals and strategies for each accountSubmit submissions to market
Prepare and submit all necessary documentation to the insurance market.Follow up with markets in a timely manner to ensure progressNegotiate Coverage, Terms, and Pricing :
Engage with the insurance market to negotiate the best coverage, terms, and pricing for your clients.Explore creative solutions to meet client needs effectivelyReview Exposures, Forms, Terms, and Conditions :
Carefully review all quoted exposures, forms, terms, and conditions as they are received to ensure they meet client needs.Provide Quote Comparisons and Proposals :
Prepare and present quote comparisons to the Service Team and / or Advisor to support decision-making.Generate a professional final proposal with the best recommendation(s) for the clientComplete Bind Orders :
Finalize and complete bind orders once terms are agreed upon.Management Systems
Maintain Agency Management System and document the placement processOngoing Communication :
Maintain ongoing communication with the Service Team throughout the insurance placement process to address any issues or changes promptly.Teamwork
Act as a collaborative member of the Agency to ensure superior service to all MMA clients. Responsibilities include, but are not limited to :
Attend Insurance Placement Team meetings as appropriateCollaborate with producers / account managers and other placement colleagues on market strategy for accountsCommunicate the status of the Insurance Placement process and daily correspondence between the company, account executive, client, and producerBuild and maintain strong working relationships within the insurance marketParticipate in carrier meetings to stay informed about current market conditions and appetitesTreat clients, prospects, and company employees with courtesy and respect.Contribute to development and education of colleaguesSupport other offices / regions as neededTechnical Expertise
Demonstrate the technical expertise required to maintain the Client Insurance Program and lead the insurance placement process, including, but not limited to :
Analyze insurance quotes and recommend terms and conditionsCommunicate and negotiate with insurance marketsUtilize carrier online rating programs, as necessary.Maintain and develop knowledge of policy forms and endorsementsDesign insurance program for client based on defined needsIdentify and address any coverage gaps with account service teams and insurance marketsBecome a subject matter expert and resource in areas of interest or technical capabilityREQUIREMENTS :
Must be licensed as a Texas P&C Agent or able to obtain Texas P&C licenseMinimum of 4-6 years of experience in middle market Business InsuranceDemonstrate ability to multi-task and prioritize work effectivelyProficient at Sagitta, ImageRight, Word, Excel, and current internet technologies.Demonstrate proactive work styleAbility to learn, analyze and comprehend various business lines of insurance.Demonstrate ability to service clients effectively through problem solving, appropriate confidentiality, and exercising diplomacy, sensitivity and tactfulness