Risk Analyst

About Lockton Northeast

For the Northeast Series, you’ll find our people in the metropolitan areas spanning Washington DC, Philadelphia, New York City, Hartford, Norwalk, Boston, and Portland ME. With our unmatched work ethic and an ability to go above and beyond to make a difference for our clients, the Northeast continues to experience double-digit (organic!) growth. We offer a flexible & hybrid work environment that allows our Associates to split their time between in-person and remote.

About the Role

The Risk Analyst is Lockton Northeast’s entry-level position designed for a recent college graduate or experienced professional with 1 to 2 years of relevant insurance experience. The Analyst is the primary service contact for an assigned book of Property and Casualty business and is responsible for developing strong working relationships with clients, carriers, and Lockton team members. This role is part of our Career Foundations Program, which provides the technical and practical training needed to develop the Risk Analyst for a successful and long-term career in the Lockton Northeast Series.

Responsibilities

• Supports Account Executives, Senior Client Managers, and Client Managers in:
  • Responding to client inquiries, maintaining documentation of communications, existing issues, and issue resolutions
  • Implementing new lines of coverage by setting up accounts, collecting needed documentation, and reviewing plan details with clients and carriers
  • Providing client service aligned with Lockton Northeast processes and protocols and our overall Client Engagement strategy
  • Gathering and compiling exposure information from clients, including loss run schedules and client stratifications
  • Requesting and securing quotes from carriers
  • Auditing quotes, binders, and endorsements and making requests for changes as needed
  • Following up for insurance policies, then updating and completing policy checks to ensure completeness
  • Updating specifications, applications, and summary information to reflect changes during the year
  • Informing clients of any changes that may affect insurance premiums or coverage
  • Creating and sending compliance communications as needed
  • Preparing and drafting Client Engagement documents (Renewal Strategy, Stewardship, and Renewal Presentations)
• Works with partners to issue and process invoices, Certificates of Insurance, and Auto ID Cards
• Resolves accounting issues
• Performs other responsibilities and duties as needed

Qualifications

• Bachelor's degree in a business-related program preferred or equivalent education and/or experience required
• Ability to efficiently organize work and manage time to meet deadlines
• Exceptional verbal, written, and interpersonal skills
• Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information
• Willingness and ability to work outside of normal business hours and travel as needed
• Strong knowledge of Microsoft Office Suite (Word, Outlook, Excel, and PowerPoint)
• Must be legally authorized to work in the United States and not require sponsorship now or in the future

Skills

A successful candidate will have:

• An eagerness and enthusiasm to learn and be part of their respective Unit or Practice
• Strong interpersonal skills and ability to communicate effectively and professionally, both verbally and in writing
• Ability to excel at multitasking, adapting to change, and working on tight deadlines to meet clients' needs
• Ability to manage time, prioritize, and ensure deadlines are met without compromising quality
• Entrepreneurial spirit, with a desire to learn the Property and Casualty insurance industry and grow within the company
• Initiative to actively participate in the Career Foundations Program and pursue technical excellence through professional designations and industry workshops

Benefits

Lockton is committed to advancing diversity and inclusion. We have a dynamic entrepreneurial culture in which our people are empowered to make a difference to better serve client needs. We are committed to giving back to our communities and invested in your success. We offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing organization.