JOB TITLE: Property Placement Consultant
JOB TYPE: FLSA Exempt
ESSENTIAL DUTIES & RESPONSIBILITIES: Collaborate with the Service Team to ensure the following processes are completed
Oversee and Manage the Process:
- Ensure you have a clear understanding of the new business and renewal accounts assigned to you.
- Keep track of all accounts and their respective timelines to ensure timely processing.
Primary Contact with Service Team:
- Act as the main point of contact for the Service Team during the insurance placement process to ensure smooth communication and coordination.
Review Submissions to the Insurance Market:
- Thoroughly review submissions to ensure accuracy and completeness.
- Familiarize yourself with account details to negotiate effectively.
Facilitate Insurance Placement Strategy Calls:
- Schedule and conduct strategy calls with the Service Team and/or Advisor to align on goals and strategies for each account
Submit submissions to market
- Prepare and submit all necessary documentation to the insurance market.
- Follow up with markets in a timely manner to ensure progress
Negotiate Coverage, Terms, and Pricing:
- Engage with the insurance market to negotiate the best coverage, terms, and pricing for your clients.
- Explore creative solutions to meet client needs effectively
Review Exposures, Forms, Terms, and Conditions:
- Carefully review all quoted exposures, forms, terms, and conditions as they are received to ensure they meet client needs.
Provide Quote Comparisons and Proposals:
- Prepare and present quote comparisons to the Service Team and/or Advisor to support decision-making.
- Generate a professional final proposal with the best recommendation(s) for the client
- Create schematics for shared/layered programs
Bind Orders:
- Finalize and complete bind orders once terms are agreed upon.
- Review binder and invoices for accuracy.
Management Systems
- Understand Agency Management System and document the placement process
Ongoing Communication:
- Maintain ongoing communication with the Service Team throughout the insurance placement process to address any issues or changes promptly.
Teamwork Act as a collaborative member of the Agency to ensure superior service to all MMA clients. Responsibilities include, but are not limited to:
- Attend Insurance Placement Team meetings as appropriate
- Collaborate with producers/account managers and other placement colleagues on market strategy for accounts
- Communicate the status of the Insurance Placement process and daily correspondence between the company, account executive, client, and producer
- Build and maintain strong working relationships within the insurance market
- Participate in carrier meetings to stay informed about current market conditions and appetites
- Treat clients, prospects, and company employees with courtesy and respect.
- Contribute to development and education of colleagues
- Support other offices/regions as needed
Technical ExpertiseDemonstrate the technical expertise
required to maintain the Client Insurance Program and lead the insurance placement process, including, but not limited to:
- Analyze insurance quotes and recommend terms and conditions
- Communicate and negotiate with insurance markets through strategy
- Ability to pivot when faced with challenges
- Maintain and develop knowledge of policy forms and endorsements
- Design insurance program for client based on defined needs
- Identify and address any coverage gaps with account service teams and insurance markets
- Become a subject matter expert and resource in areas of interest or technical capability
REQUIREMENTS:- Must be licensed as a Texas P&C Agent or able to obtain Texas P&C license
- Minimum of 4-6 years of experience in middle market Business Insurance
- Demonstrate ability to multi-task, prioritize work effectively with little to no direction.
- Proficient at Sagitta, ImageRight, Word, Excel, and current internet technologies.
- Demonstrate proactive work style
- Ability to learn, analyze and comprehend various lines of insurance and communications
- Demonstrate ability to service clients effectively through problem solving, appropriate confidentiality, and exercising diplomacy, sensitivity and tactfulness
