Insurance Program Specialist

Full Time
Montvale, NJ 07645
Posted
Job description

* Position can be performed from any company office location. Preference for candidate to live and work within the regional area position supports. *

Perform activities related to insurance program renewal and coverage placements for company and external clients for various lines of coverage including but not limited to general liability, auto, workers’ compensation, builders’ risk, professional liability, pollution, cyber, crime, fiduciary and Director & Officers liability insurance.

Essential Duties & Key Responsibilities:

1. Perform activities related to annual renewal activities with brokers for insurance programs including, but not limited to, general liability, builders’ risk, professional liability, pollution and workers’ compensation.
2. Compile insurance program renewal submission content and organize key communications with understanding of client and insurance partner goals and needs.
3. Gather and analyze financial, and insurance data for annual insurance program renewals; develop coverage needs, present recommendations, and prepare renewal applications
4. Conduct review and analysis of initial quotes and broker/carrier responses; follow up with broker for missing items as needed.
5. Participate in renewal meetings, review broker and insurance carrier quotes, and assist in negotiations.
6. Review and analyze all binding documents from brokers and ensure accuracy and compliance with program requirements.
7. Escalate any change requests such as program requirements, changes in coverage, and changes in financial structure to the appropriate contact.
8. Initiate insurance program renewal activities and processes according to established schedule.
9. Participate and support negotiations for insurance program renewals.
10. Maintain policy documentation at each renewal and ensure accuracy to negotiated terms within the risk management database and order corrections from brokers and insurance carriers as required.
11. Foster relationships and build partnerships with insurance brokers and carriers.
12. Collaborate with Project Risk team and contribute technical content for insurance programs training materials.
13. Assist with Insurance Cost Calculator (ICC) activities as needed
14. Other activities, duties, and responsibilities as assigned.


    Qualifications:

    • Bachelor’s degree in Insurance, Risk Management, Finance, Business Administration or similar program, with minimum of 4-5 years of experience in insurance or risk management or claims with emphasis on construction; or equivalent combination of education, training and/or experience
    • Risk management CPCU, ARM or similar insurance designation, preferred
    • Construction industry risk management experience, desired
    • Understanding of contracts and insurance documents
    • Critical organizational analysis skills
    • 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 strong interpersonal skills with ability to work with individuals at all organizational levels
    • Professional written and verbal communication skills
    • Proficient computer skills, Microsoft suite of applications, MS Outlook, 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. While performing the duties of this job, the employee is frequently required to sit, use hands to finger, handle, or feel objects, tools, or controls; and reach with hands, talk, and hear. The employee frequently views a computer monitor and frequently uses a computer keyboard. Specific vision abilities required by this job include close vision, peripheral vision, depth perception, and the ability to adjust focus. The employee is regularly required to be mobile, and the employee occasionally travels both short and long distances via a variety of conveyances. The employee occasionally performs work on-site at construction work sites, office locations, and/or off-site venues. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.

    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. While performing the duties of this job, the employee regularly works in an office. The noise in the work environment is usually quiet to moderate in an office setting. While performing the duties of this job, the employee may occasionally work at construction work sites where the employee is exposed to moving mechanical parts, high precarious places, fumes, or airborne particles, outside weather conditions, and risk of electrical shock. The noise in the construction work environment is usually moderate to loud. The employee is required to work in compliance with company safety policies, procedures, and applicable laws.


Stratus Risk Management Associates LLC is an Equal Opportunity Employer

Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity
VEVRAA Federal Contractor

colinoncars.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, colinoncars.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, colinoncars.com is the ideal place to find your next job.

Intrested in this job?

Related Jobs

All Related Listed jobs