Risk Placement Specialist - Commercial Lines

Relation Insurance Services • Chicago, IL

114d • $87,000 - $92,000

About The Position

The Risk Placement Specialist supports the sales process to retain and grow the business by providing marketing support that is dependable, accurate, accessible, and driven for success. This individual plays a critical role in partnering with a variety of individuals including sales and service teams in promoting Relation’s products and services, to attract new clients and retain existing ones. By developing effective strategies and implementing targeted campaigns, the Risk Placement Specialist contributes to the growth and success of the Company.

Requirements

• 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.
• College degree preferred.
• Preference given to individuals that have insurance designations (e.g., CPRM, CPRIA, CISR, CIC, CPCU).
• 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.

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.
• Places 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.

Benefits

• Competitive pay.
• A safe and healthy work environment provided by our robust benefit program including family health and wellness programs.
• 401K.
• Employee assistance programs.
• Paid time off.
• Paid holidays.
• Career advancement and development opportunities.

What This Job Offers

• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees