Associate Commercial Counsel
Qualified.comSalary not specified
Associate Client Manager, Commercial Risk - Construction Practice at Foundation Risk Partners
New York, New York, United States
Not SpecifiedCompensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Insurance, ConstructionIndustries
Requirements
- At least 3-5 years of related insurance experience, or associated industry experience
- Bachelor’s degree preferred
- Obtain and maintain a 2-20 state insurance license or other state insurance license(s), as required by the State Department of Insurance (or be willing and able to obtain all required licenses within the first 90 days of employment)
- Ability to forge relationships with key insurance markets and carrier representatives
- Strong technical knowledge of general insurance market conditions and specific insurance carrier underwriting appetites
- Ability to analyze complex risk exposures, existing insurance coverages, and develop appropriate recommendations for clients and prospects
- Ability to work as part of a team of professionals and build relationships with other Firm business segments
- Demonstrates Firm’s behavioral tenets, exuding behavior that is aligned with corporate culture
Responsibilities
- Responsible for gathering the information and risk management recommendations for renewals and for delivering renewals and/or binders as needed
- Assists in managing all policy activity aspects of assigned accounts including endorsements and invoicing
- Maintains a concern for timeliness and completeness when interacting with clients, the organization and Insurance Company Partners to minimize potential for errors and omissions claims
- Receives phone calls and office visitors requesting quotes, changes to existing coverage and/or new policies. Determines acceptability and placement, completes applications or endorsements, and collects premium when applicable
- Reviews existing accounts to determine if additional lines of insurance should be solicited and does so by mail and/or phone prior to renewal
- Cultivates strong relationships with Insurance Company Partners and is responsible for knowing carrier requirements and attributes
- Looks for opportunities to improve the firm, business segment and processes. Brings issues and discrepancies to appropriate leadership
Skills
Commercial Insurance
Risk Management
Insurance Renewals
Policy Endorsements
Client Servicing
Insurance Licensing
Carrier Relations
Policy Administration
Foundation Risk Partners
Insurance brokerage and consulting services
About Foundation Risk Partners
Foundation Risk Partners operates as an insurance brokerage and consulting firm, focusing on providing tailored insurance solutions and expert advice to clients across the United States. The company grows by acquiring other firms and expanding its services organically, ensuring a diverse mix of industry knowledge and specialized services. Their approach combines expertise in various sectors with a commitment to cultural alignment and shared values. Unlike many competitors, Foundation Risk Partners emphasizes a collaborative relationship with clients, aiming to achieve exceptional outcomes and drive success for their partners.
Daytona Beach, FloridaHeadquarters
2017Year Founded
$2MTotal Funding
DEBTCompany Stage
Consulting, Financial ServicesIndustries
201-500Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Paid Holidays
Paid Vacation
Risks
Over-reliance on AI could cause disruptions if technical issues arise.
Expansion into new regions may pose compliance and operational challenges.
Leadership changes might lead to strategic shifts affecting company stability.
Differentiation
Foundation Risk Partners leverages AI to enhance risk analysis accuracy and speed.
The company focuses on a strategic mix of industry expertise and cultural fit.
Foundation Risk Partners is rapidly expanding through acquisitions and organic growth.
Upsides
AI solutions have decreased cycle times by up to 90% for certain activities.
Prospect conversion rates have increased by up to 50% due to AI adoption.
Expansion into Baldwin, New York, offers new market opportunities.
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