Risk Placement Specialist - Commercial Lines

Relation Insurance Services • Rosemont, IL

3d • $52,000 - $102,000

About The Position

The Risk Placement Specialist supports the sales process to retain and grow the business by providing dependable, accurate, accessible marketing support. The role partners with sales and service teams to promote Relation’s products and services, attract new clients, and retain existing clients. It contributes to company growth by developing effective strategies and implementing targeted campaigns.

The specialist develops renewal strategies based on client risk profiles, market conditions, and carrier options; researches and evaluates carriers and products; negotiates renewal terms; and places policies with suitable carriers. The role also coordinates with sales and service teams, maintains renewal documentation, handles renewal administration, and identifies ways to improve client satisfaction and retention. It builds relationships with carriers, underwriters, and internal and external clients, ensures renewals comply with applicable legal and regulatory requirements, and adopts innovative technology, including proprietary AI solutions, in delivering client service. The position may also handle special projects and other duties as assigned.

Requirements

• Maintain a Property and Casualty License from the state of domicile.
• At least 7 years of experience supporting risk placement initiatives related to 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 communication in virtual or in-person meetings.
• Strong analytical and mathematical skills.

Nice To Haves

• College degree preferred.
• Insurance designations such as CPRM, CPRIA, CISR, CIC, or CPCU preferred.

Responsibilities

• Develop renewal strategies based on potential and existing clients’ risk profiles, market conditions, and carrier options.
• Engage insurance carriers to negotiate renewal terms, including premium rates, deductibles, and coverage enhancements, and place policies with suitable carriers.
• Research and analyze insurance carriers and products to identify options 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, including updating marketing spreadsheets.
• Identify opportunities to improve client satisfaction and retention by providing service, addressing concerns, and offering coverage options or 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 insurance laws and regulations.
• Adopt innovative technology, including proprietary AI solutions, in the service process.
• Complete special projects and other duties as assigned.

Benefits

• Competitive pay.
• Family health and wellness programs.
• 401(k).
• Employee assistance programs.
• Paid time off.
• Paid holidays.
• Career advancement and development opportunities.
• May be eligible for a discretionary annual incentive program, subject to program rules and applicable factors.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed