Risk Placement Specialist - Commercial Lines
About The Position
The Risk Placement Specialist supports the sales process by providing dependable, accurate, and accessible marketing support to retain and grow the business. The role partners with sales and service teams to promote Relation’s products and services, attract new clients, and retain existing ones. By developing effective strategies and implementing targeted campaigns, the specialist contributes to the Company’s growth and success. The position develops renewal strategies based on client risk profiles, market conditions, and carrier options; negotiates renewal terms with insurance carriers; and identifies suitable carriers and products through market research and analysis. The specialist also coordinates with sales and service teams, maintains renewal documentation, handles renewal-related administrative work, and looks for ways to improve client satisfaction and retention. The role requires maintaining carrier, underwriter, and client relationships; ensuring renewals comply with applicable laws and regulations; and adopting innovative technology, including proprietary AI solutions, in the service process. Special projects and other duties may also be assigned.
Requirements
- A Property and Casualty License from the state of domicile, which must be maintained.
- At least 7 years of experience supporting risk placement initiatives for new and renewal business.
- Strong proficiency with Microsoft Office Suite, especially Word, PowerPoint, and Excel.
- Ability to learn and adapt quickly to new technologies and software.
- In-depth understanding of commercial lines of coverage.
- Excellent written and verbal communication and interpersonal skills, including the ability to interact effectively with internal and external clients, business partners, and insurance carriers.
- Ability to manage multiple tasks and prioritize work to meet or exceed deadlines.
- Professional and polished presence and communications for virtual or in-person meetings.
- Strong analytical and mathematical skills.
Nice To Haves
- College degree.
- Insurance designations such as CPRM, CPRIA, CISR, CIC, or CPCU.
Responsibilities
- Develop and implement renewal strategies based on potential and existing clients’ risk profiles, market conditions, and carrier options.
- Engage insurance carriers to negotiate favorable renewal terms, including premium rates, deductibles, and coverage enhancements, and place policies with suitable carriers.
- Conduct market research and analysis to identify carriers and products that meet client needs and offer competitive pricing.
- Collaborate with sales and service teams to align placement efforts with sales and service objectives.
- Maintain accurate and complete documentation of renewal policies, endorsements, and client information.
- Handle administrative tasks related to policy renewals, such as updating marketing spreadsheets.
- Identify opportunities to improve client satisfaction and retention through service, addressing concerns, additional coverage options, and risk management recommendations.
- Build and maintain relationships with insurance carriers, underwriters, and internal and external clients to support smooth renewals and effective communication.
- Ensure renewals comply with applicable legal and regulatory requirements.
- Adopt innovative technology, including proprietary AI solutions, in the service process.
- Complete special projects and other assigned duties.
Benefits
- Competitive pay.
- Family health and wellness programs.
- 401K.
- Employee assistance programs.
- Paid time off.
- Paid holidays.
- Career advancement and development opportunities.
- Potential eligibility to participate in a discretionary annual incentive program.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
