Insurance Specialist

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.
• Absorb and contribute technical content for ICC activities as needed.

Qualifications

• Bachelor’s Degree from accredited program in Insurance, Risk Management, Finance, Business Administration, or related field of study, with minimum of 4 years of experience in insurance or risk management or claims with emphasis on construction; or equivalent combination of education, training, and experience.
• Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), or similar insurance designation, preferred.
• Construction industry risk management experience, desired.
• Ability to read and understand contracts and insurance documents.
• Analytical and adept at processing and breaking down data into actionable information.
• Self-starter with strong project management skills and capable of managing concurrent complex projects and tasks successfully to completion.
• Demonstrate teamwork and interpersonal skills, able to engage and work with individuals across organizational levels.
• Professional written and verbal communication skills, ability to communicate technical information to non-technical audiences.
• Proficient computer skills, Microsoft Office suite of applications, collaborative tools, and insurance-based risk management information systems.
• Limited travel.

Physical Demands

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
• Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
• The employee regularly performs work on-site at construction work sites, office locations, and/or off-site venues.
• The employee regularly travels both short and long distances via a variety of conveyances.
• The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
• The noise in the work environment is usually quiet to moderate in an office setting.
• The employee is required to work in compliance with company safety policies, procedures, and applicable laws.