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Placement Consultant

Placement Consultant

Marsh McLennan AgencyDallas, TX, US
3 days ago
Job type
  • Full-time
Job description

Job Description

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
  • Create schematics for shared / layered programs
  • Bind Orders :

  • Finalize and complete bind orders once terms are agreed upon.
  • Review binder and invoices for accuracy.
  • Management Systems

  • Understand 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 through strategy
  • Ability to pivot when faced with challenges
  • 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, prioritize work effectively with little to no direction.
  • Proficient at Sagitta, ImageRight, Word, Excel, and current internet technologies.
  • Demonstrate proactive work style
  • Ability to learn, analyze and comprehend various lines of insurance and communications
  • 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 :

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    Placement Consultant • Dallas, TX, US

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