Commercial Insurance Placement Specialist

Job Description

This position is responsible for independently managing the marketing / placement of new account opportunities (small business) with partner insurance carriers. Responsible for providing support to Select Commercial producers as a resource for negotiating carrier coverages and terms, preparation of proposals, and finalizing the placement / binding process.

Responsibilities :

• Responsible for establishing / maintaining a relationship with production team; obtaining pertinent information via the producer to obtain a quotation
• Must be able to establish and maintain a strong relationship with carrier partners
• Serve as a source of knowledge of appetite, market trends, pricing practices, contacts, and other underwriting policies
• Take part in carrier meetings and share information with Select operations and sales
• Responsible for negotiating and selling the opportunity to carrier partners for interest; quote online via carrier rating tools or submit to underwriter. Collaborating with Team Lead when necessary.
• Responsible for completion of marketing summary outlining terms, rates, commission, bind order documents, and carrier responses including reason for declination
• Responsible for binding coverage with underwriters and finalizing the marketing process
• Responsible for complete and accurate documentation in agency management systems, marketing file of each account handled
• Required to perform essential functions; meeting service standards and best practices developed by USI
• Additional projects and duties as assigned.

Knowledge, Skills and Abilities :