Commercial Lines Market Placement Specialist

Full job description

The Commercial Lines - Market Placement Specialist (CL’s MPS) is responsible for assisting Agents/Advisors in producing new business, implementing agency marketing plans and maintaining information on prospects, clients and companies which will support the agency marketing efforts. The Market Placement Specialist plays a key role in building and maintaining relationships with carrier and broker partners. Required to perform essential functions and meet service standards and Best Practices developed by Choice Insurance - A Vizance Company.

WHAT YOU WILL DO:

• Set priorities and manage analytical workflow to ensure efficient, timely and accurate creation of deliverables and other responsibilities.
• Assist with the development and implementation of marketing plans to meet agency goals
• Provide assistance to insurance advisors in developing and maintaining prospect lists and prospect information
• Work collaboratively with teams to analyze and develop a strategy for placement of coverage.
• Arrange & facilitate meetings with collaborators.
• Monitor market trends continuously to ensure the sale and profitability of commercial lines products
• Develops recommendations to advise clients on the best option that will meet their needs and to place and retain the business.
• Serve as key contact with insurance carriers for marketing coverage for new business quotes, including requesting quotes, evaluating, and conducting fact-based negotiation of rates and coverage features.
• Develop and maintain excellent carrier relationships.
• Participate in the peer review process, primarily as the reviewed party. May also have the opportunity to act as a reviewer for other analysts' work. Receives assistance and guidance from Commercial Lines Members.
• Responsibilities can also include an assigned book of business. Empowered to work closely within the day-to-day functions of the book including clear customer interaction.
• Assists clients with making coverages changes and completes all service work for clients.
• Maintains orderly electronic files and information, following agency standards.
• Other miscellaneous duties as assigned
• Develop insurance programs. based on Choice Insurance expectations and standards. Development may include but are not limited to:
• Rate and quote new risks within the underwriting authority of the Agency
• Assists producers with entering new business coverage information in an automated environment; submits applications to eligible and appropriate carriers; follow up to ensure timely receipt of quotations and policies
• Classification and Rate structure analysis
• Coverage Benchmarking and Claim Frequency Analysis
• Assist Advisors in developing and maintaining prospect lists and basic prospect information
• Develop and maintain marketing / pipeline information to help meet Agency performance goals

WHAT YOU WILL BRING:

• Ability to work in a fast-paced environment with some oversight and a high degree of accuracy and attention to detail.
• 3 years’ experience in commercial lines insurance related field. High School Graduate. College degree preferred, but not required.
• Set priorities and manage workflow to ensure efficient, timely, and accurate deliverables.
• Ability to manage and negotiate multiple priorities and deadlines.
• Maintain a cordial and effective relationship with clients, co-workers, carriers, vendors, and other business contacts. Ability to work in a collaborative team environment.
• Keep informed regarding industry information, new product information, legislation, coverage, and technology to continuously improve knowledge and performance.
• Interact with others effectively by utilizing good communication skills, cooperating purposefully, and providing information and guidance, as needed, to achieve the business goals of the company.
• Must hold state Property/Casualty insurance license or willingness to obtain one within an agreed upon set timeframe.
• Strong written, oral, and interpersonal communication skills.
• Strong functional knowledge of Excel specific to creating, formatting, and evaluating formulas and working within templates. Must be proficient in Excel, Word, and other MS Office products.
• Ability to carry out complex tasks with many concrete and abstract variables.
• Strong problem solving and critical thinking skills.

WHAT YOU WILL ENJOY ABOUT BEING AN ASSOCIATE:

• Competitive compensation package -- base salary plus potential opportunities to earn commission
• Comprehensive employee benefits package (medical, dental, vision, life, and disability insurance)
• 401(k) match
• Paid Time Off
• Security of working for a stable, independent agency with a defined path for internal succession
• A supportive team environment that celebrates success

People don’t need just another insurance agency. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and insurance together in our communities.

In contributing to our culture, Choice team members are guided by our core values.

· Embrace change and encourage innovation.

· Know when to ask for help and know when to offer help.

· Better the places we live.

· Work hard. Do the right thing. Have a little fun.

Our vision of Diversity at Choice is supported by our #PeopleFirst mission and our core values.

Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.

Job Type: Full-time

Pay: $50,000.00 - $70,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Health insurance
• Paid time off
• Parental leave
• Vision insurance

Supplemental Pay:

• Commission pay

Experience:

• Insurance Industry: 3 years (Required)

Ability to Commute:

• Golden Valley, MN 55344 (Required)

Ability to Relocate:

• Golden Valley, MN 55344: Relocate before starting work (Required)

Work Location: In person