About the position
The position involves formulating a placement strategy by leveraging substantial risk expertise and knowledge of the industry and carriers to develop solutions that address challenging client needs. The role requires devising a go-to-market strategy, advocating for the value of the placement function, and participating in the pricing of services as applicable. Additionally, the position includes instructing the submission of coverage specifications and obtaining quotes from carriers based on the 'assist, advise, and assume' transaction model. The individual will consult with client executives and teams to support client retention and new business production, ensuring the binding of coverage is inspected and that placement binders are accurate. Building and driving relationships with practice, insurance markets, clients, carriers, and underwriters is essential for providing cohesive client service. A detailed understanding of changing insurance and risk management market conditions is necessary to inform client executives and advisors of major developments affecting various types of products and coverage. The role also involves leading complex placement and technical support activities on significant accounts, ensuring procedural compliance, reviewing data, updating annual renewal exhibits, and maintaining accurate placement system entries to ensure contract execution as required. Furthermore, the individual will consult management on complex client issues or trends through clear and concise communication and participate in the development of solutions.
Responsibilities
- Formulate placement strategy utilizing risk expertise and industry knowledge.
- Devise go-to-market strategy and advocate for the placement function's value.
- Instruct submission of coverage specifications and obtain quotes from carriers.
- Consult with client executives and teams to support client retention and new business production.
- Inspect binding of coverage and ensure accuracy of placement binders.
- Build relationships with practice, insurance markets, clients, carriers, and underwriters.
- Master understanding of changing insurance and risk management market conditions.
- Lead complex placement and technical support activities on big accounts.
- Consult management on complex client issues or trends and participate in solution development.
