What are the responsibilities and job description for the Vice President - Placement Specialist — Woodbury, NY position at SterlingRisk Insurance?
Vice President - Placement Specialist — Woodbury, NY
At SterlingRisk, our employees are the driving force behind our success. We take pride in going the extra mile to support our employees, reinforcing our commitment to being a Great Place to Work and a Fortune Best Workplace. We foster a culture where new ideas and diverse perspectives are not just encouraged but valued. Our Values Blueprint, centered on Integrity, Innovation, Collaboration, Care & Respect, and Excellence, shapes our daily operations, making us a leader in the insurance industry.
Must have current insurance experience and hold a P&C license.
Position Summary:
Exercise independent judgement and discretion when performing associated responsibilities that are aligned and directed to the continued success of the department.
Essential Functions & Basic Duties:
(This job specification may not include all the duties listed, nor do the examples cover all the duties that may be performed.)
Develop high level, strategic relationships with SterlingRisk’s top carriers and wholesale brokers.
Responsible for the placement of both new and renewal business across multiple lines with multiple carriers- this includes the negotiation of premium and coverage.
Reference the SureCOVER checklist when reviewing quotes and binders to prevent E&O’s as well as any possible gaps in coverage.
Management of wholesale broker relationships.
Oversee the overall set up of each account they are assigned to in Salesforce.
Preparation of reports for Director of Placement.
Provide weekly updates to Director of Placement on outstanding items or issues.
Adherence, compliance and full utilization of all technology tools (i.e. EPIC, Outlook, Salesforce, etc.)
Thorough review of submissions received from Account Executives before sending to market. This includes checking the accuracy of the data entered on the Acord, supplemental applications, and loss runs/summary.
Work with the Associate Placement Specialist(s) during the preparation of new business submissions.
Attend prospect and renewal strategy meetings.
Confirm the accuracy of quotes and binders received from carriers and transfer these quotes/binders to the SterlingRisk proposal.
Update Epic with details and any progress on each account.
Maintain and update department carrier files, diaries, and contact lists.
Prepare insurance market presentations.
Create and review new business and renewal proposals.
Review binders, policies, endorsements and other related items; verify their accuracy and facilitate corrections when necessary.
Collaborate with Producers, Placement Specialists, Account Executives and management.
Authorized to recommend the best options/placement for the client.
Analyze and compare coverage forms, quotes and binders.
Design and prepare market presentations for commercial clients.
Manage and follow up to ensure timely receipt of quotes and binders from the marketplace.
Monitor renewal and new business dashboard.
Participate and attend industry events.
Ensure current market relationships as well as cultivate new relationships in the marketplace.
Supervisory Duties:
N/A
Knowledge, Skills, & Abilities:
Proficient in Outlook, Excel, Word, and EPIC, Salesforce
Strong understanding and knowledge of insurance products
Strong knowledge of insurance markets and their capabilities
Possess exceptional oral, written, and communication skills
Strong negotiator
Practice strong organizational skills
Work well under pressure
Strong knowledge of policy wording and language
Ability to work independently and take initiative
Ability to analyze complex insurance situations, recommend solutions, options, and communicate these options in a clear, concise manner
Team Oriented – Ability to interact well with the members of the team, the other departments and the marketplace
Education and Work Experience:
Bachelor’s Degree
Property & Casualty License
CPCU and or CIC preferred
The statements above are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. SterlingRisk is an Equal Opportunity Employer. EOE/AA/M/F/V/D/SO or any other characteristics protected by law. Neither this job description nor any other written or verbal communications are intended to create a contract of employment or a promise of long-term employment. Employment-at-will may be terminated with or without cause and with or without notice at any time by the Employee or by SterlingRisk.
To learn more about us and the other career opportunities available at SterlingRisk, please visit our website at www.sterlingrisk.com.
Why SterlingRisk?
We are a dedicated team of professionals, committed to upholding our five core values and delivering excellence in all we do. Our expertise spans across Commercial Lines, Personal Lines, Employee Benefits, Surety, Life Insurance, Claims & Risk Management Services, Environmental, Aviation, Construction, and Real Estate.
Find your path to success with SterlingRisk! We offer competitive salaries and a comprehensive benefits package, including health, dental, and vision coverage, short-term and long-term disability, life insurance, and a 401K plan with an employer match. Additionally, we offer a competitive and generous PTO package. Our commitment to your growth doesn't stop there-benefit from licensing support, continuing education reimbursement, and numerous learning and development opportunities.
Salary:
The estimated base salary range for this full-time position is $145,000 – $155,000 annually, plus benefits, and can vary based on location.
The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty and training. The hiring range represents the company's good faith and reasonable estimate of the range of possible compensation at the time of posting.
Salary : $145,000 - $155,000