Risk Placement Specialist

Brown & Brown; Troy (MI); On-site; USD 60,000 - 80,000; Full time

Job summary

Brown & Brown is seeking a Commercial Placement Specialist in Troy, MI, to support marketing initiatives by building strong relationships with insurance carriers. This role involves managing the binding of coverage, collaborating with underwriting teams, and ensuring efficient handling of client submissions. The ideal candidate will have at least 5 years of insurance experience and strong technical knowledge of coverage in commercial lines. Join a growing team committed to quality control and client satisfaction.

Qualifications

• 5 years insurance experience.
• Strong technical knowledge of coverage in all commercial lines insurance coverage.
• Experience with personal computers and related software.

Responsibilities

• Build and maintain relationships with insurance carriers.
• Market new or renewal accounts by preparing insurance submissions.
• Prepare insurance proposals reflecting coverages and premiums.

Skills

Insurance experience

Strong technical knowledge of coverage

Microsoft Office Suite

Job description

Brown & Brown is Seeking a Commercial Placement Specialist to join our growing team in Troy, MI!

The role is responsible for supporting the agency’s marketing initiatives by building and maintaining strong relationships with insurance carriers. This role includes managing the binding of coverage, collaborating closely with underwriting teams, and ensuring the seamless transition from submission to binding. The ideal candidate will work with producers, account managers, and underwriting staff to ensure timely and efficient handling of client submissions, while adhering to agency processes, policies, and Quality Control Guidelines.

How You Will Contribute

• Build and maintain relationships with insurance carriers while gaining a comprehensive understanding of their various insurance products, including rating plans, programs, and, specifically, workers\' compensation loss-sensitive plans. Reach out to carriers as needed to address issues or concerns, as directed by the Marketing & Sales Enablement Leader.
• Participate in carrier meetings & events, including after-hours events, for the purpose of relationship building and staying atop changes in the market
• Market new or renewal accounts by preparing insurance submissions which will include applications, loss runs and any other pertinent information on the account
• Submit and follow up on the insurance submission to the insurance carriers for quoting
• Review coverage options and make recommendations that meet client needs
• Negotiate the pricing and coverage options on the new business and renewal accounts.
• Prepare insurance proposals reflecting coverages and premiums to submit to clients and prospects.
• Manage workflows to assure quality controls and deadlines are met.
• Transfer completed accounts to assigned Account Managers after coverage is bound, ensuring a smooth handover.
• Distribute and track submissions, documenting all marketing activities
• Organize marketing materials of insurance carriers as a resource for the agency as directed by Marketing & Sales Enablement Leader
• Organize company contract files and contingency files as directed by Marketing & Sales Enablement Leader.

Licenses and Certifications

• P&C License

Skills & Experience to Be Successful

• 5 years insurance experience
• Strong technical knowledge of coverage in all commercial lines insurance coverage
• Experience with personal computers and related software (Microsoft Office Work, Excel, PowerPoint)