Insurance Placement Specialist
Location:
MO - Des Peres, MO - St. Louis
Apply nowGeneral Description: This position is responsible for independently managing the marketing/placement of new account opportunities (small business) with partner insurance carriers. Responsible for providing support to Select Commercial producers as a resource for negotiating carrier coverages and terms, preparation of proposals, and finalizing the placement/binding process.
Responsibilities:
- Responsible for establishing/maintaining a relationship with production team; obtaining pertinent information via the producer to obtain a quotation.
- Must be able to establish and maintain a strong relationship with carrier partners.
- Serve as a source of knowledge of appetite, market trends, pricing practices, contacts, and other underwriting policies.
- Take part in carrier meetings and share information with Select operations and sales.
- Responsible for negotiating and selling the opportunity to carrier partners for interest; quote online via carrier rating tools or submit to underwriter. Collaborating with Team Lead when necessary.
- Responsible for completion of marketing summary outlining terms, rates, commission, bind order documents, and carrier responses including reason for declination.
- Responsible for binding coverage with underwriters and finalizing the marketing process.
- Responsible for complete and accurate documentation in agency management systems, marketing file of each account handled.
- Required to perform essential functions; meeting service standards and best practices developed by USI.
- Additional projects and duties as assigned.
Knowledge, Skills and Abilities:
- 3-7 years’ experience in Commercial Property & Casualty; a comprehensive understanding of all Property & Casualty insurance coverages, placement, underwriting and rating concepts.
- Ability to work in a fast-paced environment with minimal instruction, strong business acumen, and a high degree of frequency.
- Ability to creatively and proactively problem solve and negotiate.
- Sets priorities and manages workflow to ensure efficient, timely, and accurate work.
- Informed regarding industry and new product information, legislation, coverages and technology to continuously improve knowledge and performance.
- Knowledge of agency management system, workflow procedures, underwriting, sales and service processes.
- Proficient in Word and Excel.
- Strong written, oral and interpersonal communication skills.
- Must hold state Property & Casualty insurance license or willing to obtain one within an agreed upon timeframe.
- Maintain a cordial and effective relationship with production team, co-workers, carriers, vendors, and other business contacts; ability to work in a team environment.
- Effective interactions/communications with others; cooperating purposefully and providing information, guidance, as needed, to achieve the business goals of USI.
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Job ID:
27192