Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Remote Sr. Commercial Lines Account Manager to the team.

Job Summary:

The consultant will act as the outsourced risk manager to domestic and international clients with combined annual property and casualty insurance premiums in excess of $25 Million. Client industries include construction, real estate, manufacturing, and hospitality. Manage the insurance and risk management programs of those clients including the placement of all traditional, non-traditional insurance and surety products for all clients. 

Essential Functions:

• Gathering, summarizing and presenting all renewal exposures prior to the renewal of all lines of property and casualty insurance coverage
• Develop service requirements for potential insurance brokers and carriers; Interview, vet and select the insurance brokers requested to bid on the insurance programs
• Design insurance policy language specifications; Prepare insurance renewal submissions and provide them to the marketplace
• Review and analyze all insurance proposals and negotiate the terms of coverage as well as premiums and address any additional underwriting questions from the marketplace
• Recommend to clients the insurance programs best suited for their particular exposures and risks
• Oversee the placement of winning insurance bids; ensure binders, policies and endorsements are issued correctly and if not, request the necessary amendments to be made
• Ensure compliance of insurance certificates requested by vendors of clients and also review certificates received by clients from various third parties to ensure acceptability
• Manage the day to day needs of clients’ risk management programs which include:
  • Manage clients’ internal risk management team/insurance departments
  • Report to CFO on implementation and management of clients’ corporate risk control programs
  • Counsel senior management on transactional risk exposures through use of economic models and risk vs. benefit analyses
  • Responsible for overseeing all insurance broker and other third party risk management vendors to ensure they are working in clients’ best interests
  • Set up and coordinate clients’ disaster recovery and business continuity plans
  • Review, draft and negotiate the insurance provisions in, and provide opinion on, all vendor contracts, leases, loans and other types of contracts using all methods of contractual risk transfer
  • Ensure compliance of insurance certificates requested by vendors of clients and also review certificates received by clients from various third parties to ensure acceptability
  • Schedule and coordinate all loss control inspections by insurance carriers, as well as property valuations by appraisers; Address any loss control concerns and amend valuations with carriers based on appraisals
  • Set up and train clients’ claims staff as well as review all incoming first party and third party claims; Report all claims to the appropriate policies and insurance carriers
  • Run quarterly claims review meetings to ensure all losses are being adjusted in an efficient manner and that all reserves are set at appropriate levels
  • Create a loss pick and forecasting models using current Loss Cost Factors to determine claim trends 
  • Review loss frequency and severity by claim type to establish patterns and use that knowledge to decrease future occurrences
  • Coordinate the claims recovery process and assist in the adjustment of all losses for clients’ maximum benefit and ensure receipt of appropriate payments

Competencies & Qualifications: 

• AMS360 experience required 
• Experience with Complex accounts – real estate, construction, large 250k above accounts
• Higher end middle market book 
• Minimum of 7 years , College degree
• Preferred Designations – CRM, CIC , CPCU
• Remote position with periodic in office visits