Risk Placement Lead, Financial Lines

WHO WE ARE

Relation Insurance is a leading, innovative company with a strong commitment to excellence and a passion for delivering cutting-edge solutions to our clients. As a key player in the insurance market, we pride ourselves on our dynamic culture, collaborative environment, and continuous drive for success. With a rich history and a bright future ahead, we are looking for exceptional individuals to join our team and contribute to our ongoing growth and success.
 

WHAT WE’RE LOOKING FOR

The Placement Lead, Financial Lines supports the sales process to retain and grow the business for Relation’s Directors & Officers Liability, Crime, Fiduciary Liability, Employment Practices Liability and Cyber accounts by providing marketing support that is dependable, accurate, accessible, and driven for success.  The individual in this position plays a critical role in partnering with various departments, including sales and service teams, to promote Relation’s products and services to attract new clients and retain existing ones. By developing effective strategies and implementing targeted campaigns, the Placement Lead contributes to the growth and success of the Company.

A GLIMPSE INTO YOUR DAY

• Proactively solicits new and renewal business from Sales Producers to create trust and frequent use of the Financial Team placement department.
• Acts as a resource for carrier information, including appetite guides, carrier brochures, whom to contact, and other important information. May mentor other risk placement team members.
• May participate in the hiring process and provide recommendations for new hires.
• Oversees and manages the new hire onboarding process to ensure success of new risk placement associates.
• Trains team members on duties, expectations, standards, and policies.  Audits and reviews these areas regularly as set by service standards; identifies/coordinates additional employee training as needed.
• Holds monthly renewal meetings with Sales Producers and Account Managers to designate accounts that need to be marketed through the Placement Team.
• Reviews applications and obtains additional information from Sales Producers or Account Managers as needed.
• Partners with Sales Producers to ensure the prospect's needs have been met.
• Collaborates and implements a renewal strategy based on potential and existing clients’ risk profiles, market conditions, and carrier options.
• Develops the submission narrative describing risk, losses & controls, target premium, and quote due date.
• Makes complete submissions to markets including, but not limited to, 3-5 year loss runs with a summary spreadsheet, completed supplemental applications, financial statements, photos, brochures, etc.
• Follows up with markets to ensure submissions were received and to inquire whether further information is required.
• Compares quotes received with application and other quotes.
• Prepares and completes proposals.
• Utilizes AMS360 and ImageRight to document the placement process and to collaborate with the service team.
• Engages with insurance carriers to negotiate favorable renewal terms, including premium rates, deductible levels, coverage enhancements, or exclusion negotiations. Proactively identifies opportunities to enhance client satisfaction and retention by providing exceptional service, addressing concerns, and offering additional coverage options or risk management recommendations.
• Adheres to legal and regulatory requirements in the insurance industry, ensuring all renewals comply with applicable laws and regulations.
• Performs other projects, duties, and tasks, as assigned.

WHAT SUCCESS LOOKS LIKE IN THIS ROLE

• High School Diploma or equivalent. Four-year degree preferred.
• A Property and Casualty License from the state of domicile is required and must be maintained, with preference given to individuals with insurance designations (e.g., CISR, CIC, CPCU).
• 3-5 years' experience in supporting all risk placement initiatives related to new and renewal business.
• Prior experience acting in a mentor capacity and/or successfully leading a large project team.
• Strong proficiency in using Microsoft Office Suite, especially Word, PowerPoint, Excel.
• Ability to learn and adapt quickly to new technologies and software.
• Customer focused, high integrity, excellent work ethic.
• In-depth understanding of Directors & Officers Liability, Crime, Fiduciary Liability, Employment Practices Liability and Cyber coverages.
• Excellent written/verbal communication and interpersonal skills, with the ability to effectively interact with internal and external clients, business partners, and insurance carriers.
• Detail-oriented and highly organized, able to manage multiple tasks and prioritize work effectively to meet or exceed deadlines.
• Strong, proactive communications to keep internal and external engagements current. 
• Professional and polished presence and communications for virtual or in-person meetings to gain the trust of advisors and clients.
• Must value operating in a collaborative working environment.
• Strong analytical and mathematical skills.
• Ability to travel approximately 5% of the time.

WHY CHOOSE RELATION?

• Competitive pay.
• A safe and healthy work environment provided by our robust benefit program including family health and wellness programs, 401K, employee assistance programs, paid time off, paid holidays and more.  
• Career advancement and development opportunities.

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Note: The above is not all encompassing of the full position description. 

Relation Insurance Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

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