General Description: Provide expert technical support to clients and members of USI’s Commercial Lines Account Management and Sales Executive teams. Analyze, design, market, price and place property risks. Make fact-based recommendations to clients to solve their most complex insurance issues.
Responsibilities:
· Provide guidance, coaching and development to Data Analytics team.
· Review client property program design, including structure, coverage, limits, deductibles, retention and pricing. Benchmark and make recommendations for improvement.
· Review clients' risk modeling and existing insurance policies and make recommendations for improvement.
· Review and understand client financial statements as part of placement preparation.
· Assess clients’ contractual liabilities and alignment with their insurance policies and make recommendations for improvement.
· Recognize trends and create client-facing summaries modeling policy options.
· Support Sales Executives in providing analysis and proposals for prospective clients.
· Assess and explain clients’ total cost of risk (TCOR). Assess and explain clients’ risk profile using analytical models and resources (i.e. CAT modeling, COPE, Building Valuation, Business Income).
· Assess and communicate financial impact of policy and funding options.
· Price client risks for use in policy placement and negotiation. Complete full pre-underwriting review.
· Negotiate underwriting terms, conditions, and pricing with carrier underwriting partners on behalf of clients.
· Develop strong business relationships with external carrier partners and internal Sales Executives and Account Management teams. Provide expertise on the London and domestic wholesale markets.
· Work closely with claims and risk control team to develop new loss control strategies, ideas and processes.
· Steer the development of department policies on a national, regional, and local basis.
· Promote and enhance reputation of USI with carriers and prospects.
· Take part in recruiting efforts and train new hires.
· Write and distribute regular client communication on timely topics. Remain close to largest property accounts.
Knowledge, Skills and Abilities:
· 10+ years in a Commercial Lines agency with underwriting and technical experience. Bachelor’s degree strongly preferred.
· Must hold or be willing to earn Property & Casualty insurance license.
· Industry designation such as ARM, CIC, CPCU preferred
· Deep, technical knowledge of commercial insurance. Experience managing and driving results for upper-middle and large-market accounts preferred.
· Strong business, negotiation, and data interpretation skills.
· Effective written and verbal communication skills.
· Comfortable with internet-based programs and Microsoft Office products.
· Knowledge of Sagitta / ImageRight preferred, but not required.
· Willingness to travel 25% to 30% of the time.
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