5-7 years of experience in commercial risk management or insurance industry.
Preferred professional certifications: CPCU, CIC, CRM, or ARM.
State insurance licenses required; must obtain within 90 days if not already held.
Ability to analyze and recommend insurance solutions for complex risk exposures.
Experience in casualty and workers compensation placements with captive structures is preferred.
Responsibilities
Acquire and retain large commercial clients through risk understanding and communication.
Develop partnerships with key insurance company partners and brokers.
Lead discussions on client renewals, including comparisons and historical analyses.
Prepare comprehensive market submissions, including loss picks and deductible stratification.
Ensure accuracy of final audits between client and insurance company partners.
Build trusting relationships with clients and peers through integrity and expertise.
Share insurance knowledge to train and develop team members.
Benefits
Flexible hybrid working environment.
Opportunities for professional development and obtaining insurance certifications.
Access to a supportive team culture aimed at fostering growth.
Full Job Description
POSITION SUMMARY:
The Associate Commercial Risk Client Executive is responsible for the assisting management and service of complex commercial accounts and functions at a strategic level to develop and retain consultative relationships with clients. He/she must also evaluate and educate clients on missing or newly available coverage options.
PRIMARY RESPONSIBILITIES:
Acquires and retains large, complex clients through a deep understanding of risk, risk mitigation, and insurance architecture and the ability to leverage and effectively communicate that knowledge in direct alignment with client operations.
Develops trusted partnerships with key insurance company partners and broker representatives
Leads internal discussions on client renewals including coverage comparisons, pricing comparisons, historical loss experience, and projected loss picks.
Prepares complex submissions for the marketplace, including loss picks, deductible stratification, endorsement requests, and exposure information.
Assesses final audits to ensure accuracy between client and insurance company partner audit teams' identification of risk.
Actively builds trusting relationships with clients, insurance company partners and brokers, and the firm's advisors, partners, and leaders through personal integrity and industry expertise.
Shares deep insurance expertise with firm's advisors, account managers and other colleagues to advise, develop and train.
EDUCATION AND EXPERIENCE REQUIREMENTS:
Certification(s): None required; CPCU, CIC, CRM, or ARM preferred
License(s): Maintains all licenses as required by the State Department of Insurance to provide service, consultation, and financial risk transfer solutions in states where the firm functions or be willing and able to obtain all required licenses within the first 90 days of employment required; Maintains all licenses as required by the State Department of Insurance to provide service, consultation, and financial risk transfer solutions in states where the firm functions or be willing and able to obtain all required licenses within the first 90 days of employment preferred
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:
Excellent verbal and written communication skills that inspire loyalty and commitment from others.
Ability to analyze complex risk exposures, existing insurance coverages, and develop and communicate appropriate recommendations for clients and prospects through risk mapping.
Exceptional technical knowledge of insurance coverage, contracts, insurance market conditions and carrier underwriting appetites with ability to adjust strategy to protect future interests.
Experience in reviewing, placing, and negotiating loss sensitive casualty and workers compensation placements including captive structure is preferred.
Preferred industry specialization, such as Construction, Healthcare, Manufacturing, Wholesale Trade, Transportation, Retail Trade, Real Estate, Services, etc.
Makes sound judgements and decisions based on objective analysis and multiple perspectives.
Demonstrates the organization's core values, exuding behavior that is aligned with the firm's culture
TECHNICAL, COMPUTER, AND SYSTEM-SPECIFIC SKILLS REQUIRED:
Intermediate to advanced knowledge of Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
Ability to learn any other appropriate program or software system used by the firm as necessary
OTHER REQUIREMENTS:
None
SPECIAL WORKING CONDITIONS:
Fast paced multi-tasking environment
IMPORTANT NOTICE:
This position description is intended to describe the level of work required of the person performing in the role and is not a contract. The essential responsibilities are outlined; other duties may be assigned as needs arise or as required to support the organization. All requirements may be subject to reasonable accommodations to applicants and colleagues who need them for medical or religious reasons.
The starting pay is $100,000+ annually. Salary is negotiable upon time of hire.
