Placement Consultant Job at Marsh McLennan Agency, Austin, TX

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  • Marsh McLennan Agency
  • Austin, TX

Job Description

JOB TITLE: Placement Consultant
JOB TYPE: FLSA Exempt
REPORTS TO: Director of Commercial Marketing
ESSENTIAL DUTIES & RESPONSIBILITIES:
Collaborate with the Service Team to ensure the following processes are completed
Oversee and Manage the Process:
  • Ensure you have a clear understanding of the new business and renewal accounts assigned to you.
  • Keep track of all accounts and their respective timelines to ensure timely processing.
Primary Contact with Service Team:
  • Act as the main point of contact for the Service Team during the insurance placement process to ensure smooth communication and coordination.
Review Submissions to the Insurance Market:
  • Thoroughly review submissions to ensure accuracy and completeness.
  • Familiarize yourself with account details to negotiate effectively.
Facilitate Insurance Placement Strategy Calls:
  • Schedule and conduct strategy calls with the Service Team and/or Advisor to align on goals and strategies for each account
Submit submissions to market:
  • Prepare and submit all necessary documentation to the insurance market.
  • Follow up with markets in a timely manner to ensure progress
Negotiate Coverage, Terms, and Pricing:
  • Engage with the insurance market to negotiate the best coverage, terms, and pricing for your clients.
  • Explore creative solutions to meet client needs effectively
Review Exposures, Forms, Terms, and Conditions:
  • Carefully review all quoted exposures, forms, terms, and conditions as they are received to ensure they meet client needs.
Provide Quote Comparisons and Proposals:
  • Prepare and present quote comparisons to the Service Team and/or Advisor to support decision-making.
  • Generate a professional final proposal with the best recommendation(s) for the client
Complete Bind Orders:
  • Finalize and complete bind orders once terms are agreed upon.
Management Systems:
  • Maintain Agency Management System and document the placement process
Ongoing Communication:
  • Maintain ongoing communication with the Service Team throughout the insurance placement process to address any issues or changes promptly.
Teamwork
Act as a collaborative member of the Agency to ensure superior service to all MMA clients. Responsibilities include, but are not limited to:
  • Attend Insurance Placement Team meetings as appropriate
  • Collaborate with producers/account managers and other placement colleagues on market strategy for accounts
  • Communicate the status of the Insurance Placement process and daily correspondence between the company, account executive, client, and producer
  • Build and maintain strong working relationships within the insurance market
  • Participate in carrier meetings to stay informed about current market conditions and appetites
  • Treat clients, prospects, and company employees with courtesy and respect.
  • Contribute to development and education of colleagues
  • Support other offices/regions as needed
Technical Expertise
Demonstrate the technical expertise required to maintain the Client Insurance Program and lead the insurance placement process, including, but not limited to:
  • Analyze insurance quotes and recommend terms and conditions
  • Communicate and negotiate with insurance markets
  • Utilize carrier online rating programs, as necessary.
  • Maintain and develop knowledge of policy forms and endorsements
  • Design insurance program for client based on defined needs
  • Identify and address any coverage gaps with account service teams and insurance markets
  • Become a subject matter expert and resource in areas of interest or technical capability
REQUIREMENTS:
  • Must be licensed as a Texas P&C Agent or able to obtain Texas P&C license
  • Minimum of 4-6 years of experience in middle market Business Insurance
  • Demonstrate ability to multi-task and prioritize work effectively
  • Proficient at Sagitta, ImageRight, Word, Excel, and current internet technologies.
  • Demonstrate proactive work style
  • Ability to learn, analyze and comprehend various business lines of insurance.
  • Demonstrate ability to service clients effectively through problem solving, appropriate confidentiality, and exercising diplomacy, sensitivity and tactfulness
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Marsh & McLennan Agency offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: .
#MMASW

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