Carrier Management Specialist

Gallagher•Rolling Meadows, IL

4d•Remote

About The Position

The Carrier Contracting Specialist serves as a strategic partner in managing complex insurance carrier contracts and leading integration initiatives during mergers and acquisitions. This role exercises independent judgment and discretion in evaluating agreements and advising leadership on business optimization opportunities. The Specialist is responsible for driving process improvements, ensuring regulatory compliance, and maximizing carrier relationships and agency profitability.

Requirements

Post-secondary degree or equivalent combination of education and experience.
Minimum 2-3 years of experience in the insurance industry, with demonstrated expertise in contract management, negotiation, and regulatory compliance.
Proven ability to exercise discretion and independent judgment in matters of significance.
Strong working knowledge of insurance markets and carrier operations.
Advanced analytical, project management, and communication skills.
Proficient in Microsoft Excel, Word, Outlook, and database systems.
Synthesizes complex information and uses data to inform decisions.
Manages multiple priorities and meets deadlines.
Strong written and verbal communication skills; able to interact effectively with internal teams, clients, and carriers.
Identifies issues and implements effective solutions.
Collaborates well with others and supports team success.
Thrives in a fast-paced, changing environment.
Maintains confidentiality and upholds organizational values.

Responsibilities

Analyze and evaluate carrier agreements to inform negotiation strategies and optimize contract structures.
Develop, implement, and continuously improve standard operating procedures for contract management across multiple entities, locations, and lines of business.
Lead integration projects for assigned carriers, including strategic planning, business alignment, and process optimization.
Exercise independent judgment in resolving complex contracting issues, escalating matters as needed, and recommending solutions to leadership.
Evaluate and manage contingency based supplemental compensation agreements including eligibility requirements, lock in parameters and requirements and stop loss terms.
Advise management on contract-related risks, opportunities, and compliance requirements.
Collaborate with internal stakeholders to design and implement initiatives that enhance carrier relationships and revenue opportunities.
Maintain accurate contracting data, carrier contact lists, agency codes, and contract databases for assigned carriers.
Ensure compliance with carrier, state, and federal regulations in all contracting activities.
Foster strong collaboration with Market Relations, Relationship Managers, S&C Analysts, and Regional teams to support shared goals and initiatives.
Leverage appropriate communication channels to strengthen carrier relationships and achieve operational objectives.
May include training, assigning tasks, and monitoring workflow within the contracting team.
Supports development of new and downline staff as needed.

Benefits

Medical/dental/vision plans, which start from day one!
Life and accident insurance
401(K) and Roth options
Tax-advantaged accounts (HSA, FSA)
Educational expense reimbursement
Paid parental leave
Digital mental health services (Talkspace)
Flexible work hours (availability varies by office and job function)
Training programs
Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
Charitable matching gift program