Placement Consultant

Marsh McLennan Agency; Austin (TX); On-site; USD 60,000 - 65,000; Full time

Benefits offered by this job

Health and Welfare Benefits

Tuition Assistance

401K

Employee Assistance Program

Career Mobility

Volunteer Opportunities

Job summary

An established industry player is seeking a Placement Consultant to join their dynamic team in Austin. This role involves collaborating with the Service Team to manage insurance placements effectively, ensuring timely processing and smooth communication. You'll engage with the insurance market to negotiate favorable terms for clients and provide comprehensive support throughout the placement process. If you have a passion for business insurance and a proactive work style, this opportunity offers a chance to make a significant impact in a supportive and innovative environment.

Qualifications

• 4-6 years of experience in middle market Business Insurance.
• Must be licensed as a Texas P&C Agent or able to obtain it.

Responsibilities

• Collaborate with the Service Team for insurance placement.
• Negotiate coverage, terms, and pricing for clients.

Skills

Texas P&C License

Business Insurance

Multi-tasking

Client Service

Problem Solving

Education

Bachelor's Degree

Tools

Sagitta

ImageRight

Microsoft Word

Microsoft Excel

Job description

3 weeks ago Be among the first 25 applicants

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Direct message the job poster from Marsh McLennan Agency

Recruiting Manager specializing in Full Life Cycle Recruiting

JOB TITLE: Placement Consultant

JOB TYPE: FLSA Exempt

REPORTS TO: Director of Commercial Marketing

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
  
  

Complete Bind Orders:

• Finalize and complete bind orders once terms are agreed upon.
  
  

Management Systems:

• Maintain 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 Expertise

Demonstrate 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
• Utilize carrier online rating programs, as necessary.
• 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 and prioritize work effectively
• Proficient at Sagitta, ImageRight, Word, Excel, and current internet technologies.
• Demonstrate proactive work style
• Ability to learn, analyze and comprehend various business lines of insurance.
• Demonstrate ability to service clients effectively through problem solving, appropriate confidentiality, and exercising diplomacy, sensitivity and tactfulness
  
  

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, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: http://marshmma.com/careers .

#MMASW

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Human Resources

• Industries

  Insurance

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