Foundation Risk Partners
Overview
Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a
Coverage Specialist
to their
Foundation Risk Partners of FL
team.
Job Summary:
The Coverage Specialist works closely with the Producer and Account Manager in analyzing risk exposure and providing insurance solutions to meet our clients’ needs. This role regularly exercises discretion and independent judgment on accounts, including evaluating and negotiating coverage and pricing, interpreting, and implementing company policies and procedures. The Coverage Specialist is a subject matter expert in their field and provides a consultative, strategic approach to the placement of commercial lines risks. The Coverage Specialist initiates the new and renewal marketing process, including preparing submissions to proposing and binding coverages as needed. This position also performs all other duties required to establish, market, and maintain accounts.
Responsibilities
Collaborate with Producer and Account Manager in developing the marketing strategy and preparation of commercial insurance submissions, including analyzing applications, loss runs, and supplemental underwriting information.
Submit new and renewal commercial lines accounts to carrier and broker partners leveraging marketing and negotiation skills to optimize client outcomes.
Maintain strong knowledge of the capabilities and appetite of carrier and broker partners and familiarity with rating systems.
Prepare Loss Summaries and Market Summaries.
Compare coverages, terms and conditions and present recommended solutions.
Bind coverage in compliance with subjectivities as required by the carrier, state statute and/or Surplus Lines Association.
Maintain agency management system ensuring data is accurate, complete, well documented, and up to date in accordance with company policy.
Build strong working relationships with internal team, clients and carrier partners.
Exercise a high level of confidentiality.
Competencies & Qualifications
Maintain a high degree of technical competence and industry expertise.
Strong analytical, problem solving and decision making skills.
Exceptional multi-tasking, organizational, time management, and prioritization skills.
Advanced proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, etc.) and Adobe Pro; strong technical/computer ability including knowledge of SharePoint Online and Office 365.
Proficient in insurance agency management software (EPIC).
Ability to analyze and evaluate results to choose the best solutions and solve problems on complex issues.
Ability to handle stress of short time constraints and manage change.
Education & Experience
2-20 Property & Casualty License.
College degree or equivalent work experience.
5+ years’ experience in designated field.
Professional designation such as CPCU, CIC, ARM, AAI or ability to obtain.
Additional Information Disclaimer: While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.
EEO: FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.
Benefits: FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!
Additional
Seniority level: Not Applicable
Employment type: Full-time
Job function: Insurance
Industry: Construction
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Coverage Specialist
to their
Foundation Risk Partners of FL
team.
Job Summary:
The Coverage Specialist works closely with the Producer and Account Manager in analyzing risk exposure and providing insurance solutions to meet our clients’ needs. This role regularly exercises discretion and independent judgment on accounts, including evaluating and negotiating coverage and pricing, interpreting, and implementing company policies and procedures. The Coverage Specialist is a subject matter expert in their field and provides a consultative, strategic approach to the placement of commercial lines risks. The Coverage Specialist initiates the new and renewal marketing process, including preparing submissions to proposing and binding coverages as needed. This position also performs all other duties required to establish, market, and maintain accounts.
Responsibilities
Collaborate with Producer and Account Manager in developing the marketing strategy and preparation of commercial insurance submissions, including analyzing applications, loss runs, and supplemental underwriting information.
Submit new and renewal commercial lines accounts to carrier and broker partners leveraging marketing and negotiation skills to optimize client outcomes.
Maintain strong knowledge of the capabilities and appetite of carrier and broker partners and familiarity with rating systems.
Prepare Loss Summaries and Market Summaries.
Compare coverages, terms and conditions and present recommended solutions.
Bind coverage in compliance with subjectivities as required by the carrier, state statute and/or Surplus Lines Association.
Maintain agency management system ensuring data is accurate, complete, well documented, and up to date in accordance with company policy.
Build strong working relationships with internal team, clients and carrier partners.
Exercise a high level of confidentiality.
Competencies & Qualifications
Maintain a high degree of technical competence and industry expertise.
Strong analytical, problem solving and decision making skills.
Exceptional multi-tasking, organizational, time management, and prioritization skills.
Advanced proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, etc.) and Adobe Pro; strong technical/computer ability including knowledge of SharePoint Online and Office 365.
Proficient in insurance agency management software (EPIC).
Ability to analyze and evaluate results to choose the best solutions and solve problems on complex issues.
Ability to handle stress of short time constraints and manage change.
Education & Experience
2-20 Property & Casualty License.
College degree or equivalent work experience.
5+ years’ experience in designated field.
Professional designation such as CPCU, CIC, ARM, AAI or ability to obtain.
Additional Information Disclaimer: While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.
EEO: FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.
Benefits: FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!
Additional
Seniority level: Not Applicable
Employment type: Full-time
Job function: Insurance
Industry: Construction
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr