Perform insurance program renewals and coverage placements related activities for company and external clients for various lines of coverage including but not limited to general liability, auto, workers' compensation, builders' risk, professional liability, pollution, cyber, crime, fiduciary, and Director & Officers liability insurance.
Essential Duties & Key Responsibilities:
Perform high volume of annual renewal and coverage placements related activities in conjunction with Brokers for company and external clients' insurance programs including, but not limited to general liability, auto, builders' risk, professional liability, pollution, cyber, crime, fiduciary, workers' compensation, and Directors & Officers liability insurance.
Collect and compile insurance program renewal submission content and draft key communications in support of client and insurance partner goals and needs.
Gather and analyze financial and insurance data for renewals of annual insurance programs; develop coverage needs, present recommendations, and prepare renewal applications.
Conduct reviews and analyses of initial insurance quotes and Broker/Insurance Carrier responses; follow up with broker for missing items as needed.
Participate in renewal meetings, review Broker and Insurance Carrier quotes, and assist with negotiation process.
Review and analyze all binding documents from Brokers and ensure accuracy and compliance with program requirements.
Escalate change requests such as program requirements, changes in coverage, and changes in financial structure.
Maintain policy documentation at each renewal and ensure accuracy to negotiated terms within risk management database and order corrections from Brokers and Insurance Carriers.
Establish relationships and build partnerships with Brokers and Insurance Carriers.
Contribute technical content for insurance programs training materials, in collaboration with Project Risk team.
Assist with Insurance Cost Calculator (ICC) activities as needed.
Other activities, duties, and responsibilities as assigned.
The salary range for this position in NYC is estimated to be $85K - $100K.
The salary range for this position in Boston is estimated to be $85K - $100K.
The salary range for this position in Connecticut is estimated to be $85K - $100K.
The salary range for this position in New Jersey is estimated to be $85K - $100K.
Actual compensation packages within that range are based on a wide array of factors unique to each candidate, including but not limited to skill set, years and depth of experience, certifications, and specific location. *