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Sr. Risk Placement Specialist - Commercial Insurance (Hybrid Or Remote Central Region)

National Financial Partners Corp.Northbrook, IL

$60,000 - $65,000 / year

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Overview

Schedule
Full-time
Education
Medical Coding (CCA, CCS, CCS-P, CPC)
Career level
Senior-level
Remote
On-site
Compensation
$60,000-$65,000/year
Benefits
Health Insurance
Paid Holidays
Paid Vacation

Job Description

Who We Are:

NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.

Job Summary:

The Senior Risk Placement Specialist is responsible for evaluating, marketing, negotiating, and placing commercial insurance new business opportunities. Working closely with insurance carriers, underwriters, and internal producer partners, this individual develops coverage solutions, secures competitive terms, and successfully places business across a broad range of commercial risks.

This role is part of the Select Business Unit's (SBU) New Business team and focuses on opportunities generated through internal referrals and producer relationships. Responsibilities include reviewing submissions, obtaining and comparing quotes, negotiating pricing and coverage terms, and guiding opportunities through the placement process from submission to binding.

This position is dedicated to new business placement and does not include renewal marketing, ongoing account servicing, or prospecting responsibilities. Once coverage is bound, accounts are transitioned to the Account Management team for ongoing service and support.

In addition to the base salary this role is eligible for 25% commission earnings based on successfully placed new business. Top performers have the potential to earn approximately $90,000 annually. The work schedule is M-F from 8am - 5pm.

Essential Duties and Responsibilities include (but are not limited to):

  • Review commercial insurance submissions, evaluate risk exposures, and develop placement strategies to secure competitive coverage solutions.
  • Works directly with insurance carriers to obtain quotes, negotiate terms, and secure competitive coverage solutions.
  • Supports placements are handled according to NFP's service model standards and timelines, utilizing carrier portals/rating systems.
  • Support the team in developing client/prospect diagnostics - working at the direction of the Broker or Senior Broker to complete a total program assessment, including total cost of risk, service deliverables, and opportunities for multi-faceted program improvement.
  • Develop productive business relationships with insurance carriers, underwriters, and internal producer partners.
  • Cultivate a thorough understanding of markets to better assist the broking team.
  • Execute placement strategies utilizing carrier relationships and available market resources.
  • Develop and maintain a thorough knowledge of the insurance marketplace, and the various lines, products and services offered by various insurers.
  • Ensure client, broking and brokerage data files are maintained.

Knowledge, Skills, and/or Abilities:

  • Strong written and verbal communication skills
  • Commercial insurance marketing and placement experience
  • Ability to successfully interact with a variety of people
  • Solid negotiation skills - ability to adjust approach to effectively drive optimal outcomes depending on different personalities
  • Demonstrated ability to work independently and as part of a team
  • Strong attention to detail, demonstrating reliability and accuracy
  • Strong organizational skills with the ability to adjust to changing workload and priorities
  • Able to coordinate resources and responsibilities
  • Self-motivated with positive attitude and sense of urgency
  • Detail-oriented with strong analytical skills, both quantitative and qualitative
  • Ability to review submissions, evaluate risk, and identify proper market solutions
  • Knowledge of carrier portals and online quoting platforms
  • Proficiency with Microsoft Office Suite
  • Experience with Epic (agency management system) preferred
  • Ability to work independently and anticipate client and team needs
  • Effective time management and decision-making skills

Education and/or Experience:

  • Bachelor's degree or equivalent preferred
  • 5 years of Commercial Insurance experience within a retail brokerage or independent agency
  • Experience marketing and placing commercial insurance accounts
  • Experience with E&S Marketplace coverage is required
  • Working knowledge of carrier underwriting practices and processes preferred

Certificates, Licenses, Registration:

  • P&C License required
  • Advanced industry designation(s) (e.g. CPCU, CIC, ARM) a plus

What We Offer:

We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others. The base salary range for this position is $60,000 - $65,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary this role is eligible for 25% commission earnings based on successfully placed new business.

NFP and You... Better Together!

NFP is an inclusive Equal Employment Opportunity employer.

Automate your job search with Sonara.

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FAQs About Sr. Risk Placement Specialist - Commercial Insurance (Hybrid Or Remote Central Region) Jobs at National Financial Partners Corp.

What is the work location for this position at National Financial Partners Corp.?
This job at National Financial Partners Corp. is located in Northbrook, IL, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at National Financial Partners Corp.?
Candidates can expect a pay range of $60,000 and $65,000 per year.
What employment applies to this position at National Financial Partners Corp.?
National Financial Partners Corp. lists this role as a Full-time position.
What experience level is required for this role at National Financial Partners Corp.?
National Financial Partners Corp. is looking for a candidate with "Senior-level" experience level.
What education level is required for this job?
The education requirement for this position is Medical Coding (CCA, CCS, CCS-P, CPC). Candidates with relevant qualifications or equivalent experience may also be considered.
What benefits are offered by National Financial Partners Corp. for this role?
National Financial Partners Corp. offers following benefits: Health Insurance, Paid Holidays, Paid Vacation, 401k Matching/Retirement Savings, and Health & Wellness Programs for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at National Financial Partners Corp.?
You can apply for this role at National Financial Partners Corp. either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.