Risk Analyst

Lockton; Philadelphia (Philadelphia County); Hybrid; USD 63,000 - 77,000; Full time

Benefits offered by this job

Referral bonus

Hybrid work environment

Career Foundations Program

Job summary

Lockton Northeast is seeking a Risk Analyst, an entry-level position designed for recent graduates or professionals with 1–2 years of insurance experience. Based in the Philadelphia area, you will support client managers, carriers, and the broader team as part of the Career Foundations Program.

The role emphasizes client service, renewal support, and exposure to property and casualty lines, with a flexible hybrid work arrangement balancing in-person and remote work.

Qualifications

• Bachelor's degree in a business-related field or equivalent education and/or experience.
• Ability to organize work and manage time to meet deadlines.
• Exceptional verbal, written, and interpersonal skills.
• Ability to comply with all company policies and protect confidentiality of client and company information.
• Willingness and ability to work outside of normal business hours and travel as needed.
• Strong knowledge of Microsoft Office Suite (Word, Outlook, Excel, and PowerPoint).

Responsibilities

• Responding to Client's inquiries, maintaining documentation of communications, existing issues, and issue resolutions
• The implementation of new lines of coverage by setting up account, collecting needed documentation, and reviewing plan details with Client and Carrier
• Providing Client service aligned with Lockton Northeast processes and protocols and our overall Client Engagement strategy
• Gathering and compiling exposure information from the Client, including compiling loss-run schedules and client stratifications
• Requesting and securing quotes from carriers
• Audits, quotes, binders, and endorsements and makes requests for changes as needed
• Following up for insurance policies then updates and completes policy check to ensure completeness
• Updating specifications, application, and summary information to reflect changes during the year
• Informing Client of any and all changes that may affect insurance premiums or coverage
• Creating and sending compliance communications as needed
• Preparing / drafting Client Engagement documents (Renewal Strategy, Stewardship and Renewal Presentations)

Skills

MS Office

Time management

Communication skills

Education

Bachelor's degree in business-related field

Job description

Risk Analyst - (2601WD)

Referral Bonus

: 2,000.000000

Minimum Salary

: 70,000.000000

Maximum Salary

: 70,000.000000

Description

About Lockton Northeast

For the Northeast Series, you'll find our people in the metropolitan areas spanning Washington DC, Philadelphia, New York City, Hartford, Norwalk, Boston, and Portland ME. With our unmatched work ethic, and an ability to go above and beyond to make a difference for our clients, the Northeast continues to experience double-digit (organic!) growth.

We offer a flexible & hybrid work environment that allows our Associates to split their time between in-person and remote.

Position Overview

The Risk Analyst is Lockton' Northeast's entry level position and is designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance experience. The Analyst is the primary service contact for an assigned book of Property and Casualty business and is responsible for developing a strong working relationship with clients, carriers, and Lockton team members. This role will be part of our Career Foundations Program, which is designed to provide the technical and practical training needed to develop the Risk Analyst as they look forward to a successful and long-term career in the Lockton Northeast Series. The Analyst is responsible for day-to-day Client service and renewal support to Client Managers, Sr. Client Managers, and/or Account Executives. A high performing and successful Analyst will provide great customer service and support to the broader client team.

Core Responsibilities

Supports the Account Executives, Senior Client Managers and Client Managers in:

• Responding to Client's inquiries, maintaining documentation of communications, existing issues, and issue resolutions
• The implementation of new lines of coverage by setting up account, collecting needed documentation, and reviewing plan details with Client and Carrier
• Providing Client service aligned with Lockton Northeast processes and protocols and our overall Client Engagement strategy
• Gathering and compiling exposure information from the Client, including compiling loss-run schedules and client stratifications
• Requesting and securing quotes from carriers
• Audits, quotes, binders, and endorsements and makes requests for changes as needed
• Following up for insurance policies then updates and completes policy check to ensure completeness
• Updating specifications, application, and summary information to reflect changes during the year
• Informing Client of any and all changes that may affect insurance premiums or coverage
• Creating and sending compliance communications as needed
• Preparing / drafting Client Engagement documents (Renewal Strategy, Stewardship and Renewal Presentations)

Qualifications

• Bachelor's degree in a business-related program preferred or equivalent education and/or experience required
• Ability to efficiently organize work and manage time in order to meet deadlines
• Exceptional verbal, written, and interpersonal skills
• Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information
• Willingness and ability to work outside of normal business hours and travel as needed
• Strong knowledge of Microsoft Office Suite (Word, Outlook, Excel, and PowerPoint)
• Must be legally authorized to work in the United States and not require sponsorship for this position, nor or in the future

A successful candidate will have:

• An eagerness and enthusiasm to learn and be a part of their respective Unit or Practice
• Strong interpersonal skills and ability to communicate effectively and professionally, both verbally and in writing
• An ability to excel at multi-tasking, adapting to change and working on tight deadlines to meet our clients' needs
• An ability to manage time, prioritize and ensure that deadlines are met without compromising quality
• The entrepreneurial spirit, with a desire to learn the Property and Casualty insurance industry and grow within the company
• The initiative to actively participate in the Career Foundations Program and to pursue technical excellence through professional designations, industry workshops etc.

Benefits

Lockton is committed to advancing diversity and inclusion. We have a dynamic entrepreneurial culture in which our people are empowered to make a difference to better serve client needs. We are committed to giving back to our communities and we are invested in your success.

We offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing organization.

Primary Location

: PA-Philadelphia

Schedule

: Full-time

Hiring Manager

: Grant Everett

Organization

: Lockton - Northeast

Anticipated Closing Date

:Ongoing|Ongoing