Placement Specialist Commercial Insurance

The Placement Specialist is responsible for marketing new and renewal Business Insurance business accounts, managing the marketing process and providing advice and assistance requiring advanced technical and industry knowledge to meet client needs and resolve difficulties.

• Review submission of current / renewal policy design and rate information, historical claims experience data, and any additional related materials required to prepare for submission of risk. Advise Client Executive if further information or clarification is needed.
• Combine and consolidate industry data to provide an evaluation of potential markets based on claims experience, losses, location, and industry trends.
• Present potential markets to Client Executive, educating and informing them of recent industry trends and events or regulations impacting the market; potential risks the client presents, and other factors which may affect Carrier quotes.
• Submit the risk to the marketplace ensuring carriers have all information they require and data is accurate and current.
• Provide Client Executive with an initial and updated Marketing Summaries.
• Correspond with carrier representatives to coordinate activity, provide information, and advocate on behalf of the client, suggesting limitations and/or modifications to the policy terms to obtain the best possible quotes.
• Analyze market proposals to verify coverages, premium rates and competitiveness.
• Call attention to and resolve with underwriter(s) any omissions on viable quotes.
• Present quotes to Client Executive and bind coverages.
• Summarize the submissions made, quotes received and factors that affected quotes.
• Follow through on changes resulting from client requests at the time of the Proposal.
• Provide oversight to Account Associate when coverage is to be bound.
• Establish and maintain effective, positive working relationships with Associates, clients and carriers.
• Ensure deliverables are prepared to satisfy client and carrier requirements and schedule.
• Facilitate problem solving and collaboration when faced with client difficulties.

• Must possess a strong understanding of Business Insurance coverages, exposure issues and carriers such that this expertise is recognized by colleagues and clients.
• Successful work history to include 3 to 5 years experience in a professional office setting in which job responsibilities were related to those specified above.
• Proficiency with personal computers and Microsoft Office applications (i.e., Word, Excel and PowerPoint) with the ability to operate standard office equipment is required.
• Skill in organizing resources and establishing priorities.
• Demonstrated ability to resolve problems and present results neatly, with clarity and precision in oral and written form.
• Maintain a valid Driver's License & have reliable transportation.

• Ability to use computer keyboard and sit in a stationary position for extended periods.
• Work is performed in a typical interior/office work environment.
• Extended work hours of up to 10 hrs/day required on occasion due to seasonal workload and participation in networking and industry functions that begin well before the workday.

The applicable base salary range for this role is $70,000 to $130,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Marsh & McLennan Agency offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit our careers page.

• Seniority level:
  Mid-Senior level
• Employment type:
  
  Full-time
• Job function:
  Consulting, Other, and Customer Service
• Industries:
  Insurance

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