USI Insurance Services
Commercial Insurance Placement Specialist
USI Insurance Services, Oak Brook, Illinois, United States, 60523
Overview
General Description: This position is responsible for independently managing the marketing/placement of new account opportunities (small business) with partner insurance carriers. Responsible for providing support to Select Commercial producers as a resource for negotiating carrier coverages and terms, preparation of proposals, and finalizing the placement/binding process.
Responsibilities
Establish and maintain a relationship with the production team; obtain pertinent information from the producer to obtain a quotation.
Serve as a source of knowledge of appetite, market trends, pricing practices, contacts, and other underwriting policies.
Participate in carrier meetings and share information with Select operations and sales.
Negotiate and present opportunities to carrier partners; quote online via carrier rating tools or submit to underwriter, collaborating with Team Lead when necessary.
Prepare a marketing summary outlining terms, rates, commissions, bind order documents, and carrier responses including reasons for declination.
Bind coverage with underwriters and finalize the marketing process.
Maintain complete and accurate documentation in the agency management system and marketing file for each account.
Perform essential functions; meet service standards and best practices developed by USI.
Assist with additional projects and duties as assigned.
Knowledge, Skills, and Abilities
3-7 years’ experience in Commercial Property & Casualty; comprehensive understanding of all P&C insurance coverages, placement, underwriting and rating concepts.
Ability to work in a fast-paced environment with minimal instruction, strong business acumen, and a high degree of discretion.
Ability to solve problems and negotiate creatively and proactively.
Sets priorities and manages workflow to ensure efficient, timely, and accurate work.
Stays informed about industry and new product information, legislation, coverages, and technology to continually improve knowledge and performance.
Knowledge of agency management systems, workflow procedures, underwriting, sales, and service processes.
Proficiency in Word and Excel.
Strong written, oral, and interpersonal communication skills.
Must hold a state Property & Casualty Insurance License.
Maintain cordial and effective relationships with production team, co-workers, carriers, vendors, and other business contacts; ability to work in a team environment.
Effective interactions/communication with others; cooperating to achieve USI’s business goals.
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Why USI? With more than $2.7 billion in revenue and over 10,000 associates across approximately 200 offices nationwide, USI is one of the largest insurance brokerage and consulting firms in the world. We have created a dynamic personal and professional development culture and invest in our associates through employee reward and recognition programs.
Our Programs and Commitments Unrivaled Resources and Support: USI ONE Advantage delivers risk management and benefit solutions with bottom-line impact. Through USI ONE we develop strategic, timely, and effective risk management and benefit programs.
Industry-Leading Programs, Rewards, and Recognition: We offer competitive pay, incentives, benefits, and recognition programs, wellness programs, scholarships, and financial help.
Deep Community Engagement: We are committed to giving back to local communities and supporting environmental sustainability.
Committed to a Diverse, Equitable, and Inclusive Workplace: Our diversity, equity, and inclusion programs educate associates to better serve clients and communities.
Nationally Recognized as a Top Insurance Employer: Recognitions include Insurance Business America, Business Insurance, Fortune, Glassdoor, and Newsweek.
Note: Actual salary is dependent on skill set and experience, with potential for monthly incentive bonus, commissions, and equity program. Salary range: $80,000-$110,000.
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Responsibilities
Establish and maintain a relationship with the production team; obtain pertinent information from the producer to obtain a quotation.
Serve as a source of knowledge of appetite, market trends, pricing practices, contacts, and other underwriting policies.
Participate in carrier meetings and share information with Select operations and sales.
Negotiate and present opportunities to carrier partners; quote online via carrier rating tools or submit to underwriter, collaborating with Team Lead when necessary.
Prepare a marketing summary outlining terms, rates, commissions, bind order documents, and carrier responses including reasons for declination.
Bind coverage with underwriters and finalize the marketing process.
Maintain complete and accurate documentation in the agency management system and marketing file for each account.
Perform essential functions; meet service standards and best practices developed by USI.
Assist with additional projects and duties as assigned.
Knowledge, Skills, and Abilities
3-7 years’ experience in Commercial Property & Casualty; comprehensive understanding of all P&C insurance coverages, placement, underwriting and rating concepts.
Ability to work in a fast-paced environment with minimal instruction, strong business acumen, and a high degree of discretion.
Ability to solve problems and negotiate creatively and proactively.
Sets priorities and manages workflow to ensure efficient, timely, and accurate work.
Stays informed about industry and new product information, legislation, coverages, and technology to continually improve knowledge and performance.
Knowledge of agency management systems, workflow procedures, underwriting, sales, and service processes.
Proficiency in Word and Excel.
Strong written, oral, and interpersonal communication skills.
Must hold a state Property & Casualty Insurance License.
Maintain cordial and effective relationships with production team, co-workers, carriers, vendors, and other business contacts; ability to work in a team environment.
Effective interactions/communication with others; cooperating to achieve USI’s business goals.
#LI-CG1
#LI-Hybrid
Why USI? With more than $2.7 billion in revenue and over 10,000 associates across approximately 200 offices nationwide, USI is one of the largest insurance brokerage and consulting firms in the world. We have created a dynamic personal and professional development culture and invest in our associates through employee reward and recognition programs.
Our Programs and Commitments Unrivaled Resources and Support: USI ONE Advantage delivers risk management and benefit solutions with bottom-line impact. Through USI ONE we develop strategic, timely, and effective risk management and benefit programs.
Industry-Leading Programs, Rewards, and Recognition: We offer competitive pay, incentives, benefits, and recognition programs, wellness programs, scholarships, and financial help.
Deep Community Engagement: We are committed to giving back to local communities and supporting environmental sustainability.
Committed to a Diverse, Equitable, and Inclusive Workplace: Our diversity, equity, and inclusion programs educate associates to better serve clients and communities.
Nationally Recognized as a Top Insurance Employer: Recognitions include Insurance Business America, Business Insurance, Fortune, Glassdoor, and Newsweek.
Note: Actual salary is dependent on skill set and experience, with potential for monthly incentive bonus, commissions, and equity program. Salary range: $80,000-$110,000.
#J-18808-Ljbffr