Placement Consultant

Job Title

Placement Consultant

FLSA Exempt

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.

• 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.

• 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.

• 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, Image Right, 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: