[Hiring] Broker Placement Specialist – Cyber Advantage @Gallagher

Role Description

This role is responsible for the marketing and placement of new and renewal Cyber Advantage business for clients with moderate coverage portfolios. It leverages expertise to evaluate client insurance needs, provide tailored solutions, and facilitate the placement of insurance policies that align with clients' unique risks. As an advisor, this position collaborates with internal broker and sales teams, as well as carriers and underwriters across various insurance markets.

How you'll make an impact

• Application and Current Policy Review:
  • Perform thorough reviews and analyses of expiring coverage information, including coverage terms, limits, loss history, and exposures.
  • Identify coverage gaps and new coverage opportunities to present to senior broker team members.
• Submissions:
  • Prepare and submit insurance applications and/or spreadsheets to appropriate carriers for quotes and respond to inquiries.
  • Gather loss reports, historical exposures, and other necessary information for submission documentation.
  • Tailor submissions to qualified carriers based on their appetites, developing customized insurance solutions by analyzing various policy options and coverage limits.
  • Collaborate with underwriters to analyze client risks, secure optimal coverage, answer underwriting questions, and update exposures to ensure appropriate insurance coverage. May work with senior resources on complex underwriting issues.
  • Ensure seamless information flow between Gallagher and carriers, keeping all submissions on track.
• Quote Review and Negotiations:
  • Analyze quotes for accuracy and completeness and follow up with underwriters/carriers for any questions, clarifications, or requested changes to quote coverage terms, program outlines, and pricing.
  • Negotiate premiums, coverages, terms, and conditions to achieve the best outcomes for the customer, in accordance with carrier delegated underwriting capacity and appetite.
  • Seek ways to increase revenue through upsell opportunities.
• Prepare Recommendations & Marketing Deliverables:
  • Gather and finalize marketing efforts to create Cyber Advantage proposal deliverables, including marketing summary, coverage comparison, ensuring for accuracy and developing a recommendation for the team/producer.
• Carrier/Underwriting Relationships:
  • Engage with panel insurance carriers, underwriters, and other marketing personnel to develop business relationships, determine carrier interest in various classes of business, and gain comprehensive knowledge of their markets.
  • Sets up carrier meetings & attends carrier information meetings.

Qualifications

• Bachelor's degree and 4 years related experience required.
• Insurance licensing required.

Requirements

• Professional designation preferred, such as CPCU, CIC or ARM.

Benefits

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave
• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...