Placement Specialist

Acrisure; Wayne (PA); On-site; USD 65,000 - 95,000; Full time

Job summary

Acrisure is seeking a qualified professional to manage and execute key components of both new business and renewal processes for insurance accounts. This role requires coordinating timelines, conducting exposure analyses, and presenting comprehensive proposals to clients in partnership with Client Advisors and carrier partners.

You will prepare submissions, review policy terms, and help optimize coverage strategies while collaborating across teams to deliver high-quality service and timely

Qualifications

• 3-5 years relevant insurance experience required, with an emphasis on middle to large market placements.

Responsibilities

• Timeline and process management for new business and renewal cycles, including exposure analysis and preparation of coverage proposals.
• Communicate effectively within the team and with markets to ensure seamless service delivery.
• Review insurance policies and contracts; provide recommendations for improvement.
• Prepare submissions for new business and renewal prospects including Acord applications and loss summaries.
• Analyze prospect client exposure data and assist in developing loss-sensitive financial models when needed.
• Maintain relationships with insurance carriers and wholesalers to support coverage options.

Job description

About Acrisure

A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, we connect clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, mortgage services - and more.

In the last twelve years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in more than 20 countries. Acrisure was built on entrepreneurial spirit. Prioritizing leadership, accountability, and collaboration, we equip our teams to work at the highest levels possible

Job Summary:

The individual in this role will be responsible for managing and executing key components of the new business and renewal processes for insurance accounts. This includes overseeing timelines, conducting exposure analysis, preparing quote specifications, negotiating coverage terms, and presenting comprehensive proposals to clients. The role requires close collaboration with Client Advisors, Account Service Teams, and carrier partners to ensure high-quality service delivery and seamless communication.

Responsibilities:

• Timeline & Process Management: Responsible for maintaining timeline and process during the new business process and renewal process, inclusive of exposure analysis, quote specifications, analysis and negotiation of coverage offers, and preparation and presentation of coverage proposals.

• Communication: Communicate effectively within the team environment, inclusive of the Client Advisors and Account Service Team, as well as with markets.

• Policy Review & Recommendations: Review insurance policies and contracts and make recommendations for improvement.

• Submission Preparation: Work with others to prepare property and casualty insurance submissions for new business prospects and renewing accounts including, but not limited to: Insurance specifications for each line of coverage, Acord applications using firm's agency management system, loss summaries, prospect profile, exposure schedules, etc

• Data Analysis: Analyze excel spreadsheets of prospect client exposure and/or loss data, as well as develop financial models of loss sensitive programs, when necessary.

• Market Relationships: Maintain familiarity and working relationship with various insurance companies and wholesalers.

• Confidentiality: Handle confidential and non-routine information.

• Carrier Systems and Comparative Rating Tools: Rating policies in carrier systems, when applicable, to assist in the quoting and proposal development process.

• Licensing Compliance: Abide by and maintain all licensing requirement, including continuing education.

• Professional Development: Attend seminars, company meetings, carrier events and educational activities needed to improve overall job expertise and product knowledge.

• Coverage Analysis & Strategy: Performing coverage gap analysis and delivering strategic coverage recommendations tailored to each client’s specific risk profile.

• Project Work: Work independently and within a team on special and nonrecurring and ongoing projects.

• Risk Resource Engagement: Identifying opportunities to engage Risk Resources for specialized expertise and partnering with them to deliver tailored solutions for complex client needs.

Qualifications:

• 3-5 years relevant insurance experience required, with an emphasis on middle to large market placements.