Client Executive, Commercial Insurance - Insurance Advisory Solutions Northeast at Foundation Risk Partners

Kingston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Excellent verbal and written communication skills that inspire loyalty and commitment from others
Ability to analyze complex risk exposures, existing insurance coverages, and develop and communicate appropriate recommendations for clients and prospects through risk mapping
Intermediate to advanced knowledge of Microsoft PowerPoint, Outlook, Excel, and Word
Exceptional technical knowledge of insurance coverage, contracts, insurance market conditions and carrier underwriting appetites

Responsibilities

Responsible for the tactical & operational leadership in the design, development, implementation, administration, and communication of accounts
Functions at a strategic level to develop and retain consultative relationships with clients
Conducts annual reviews of client’s insurance program(s), negotiating with carriers on client’s behalf based on detailed market knowledge
Recommends appropriate coverages, limits, and risk management solutions to clients
Acquires and retains large, complex clients through a deep understanding of risk, risk mitigation, and insurance architecture and the ability to leverage and effectively communicate that knowledge in direct alignment with client operations
Develops trusted partnerships with key insurance company partners and broker representatives
Leads internal discussions on client renewals including coverage comparisons, pricing comparisons, historical loss experience, and projected loss picks
Prepares complex submissions for the marketplace, including loss picks, deductible stratification, endorsement requests, and exposure information
Coordinates client team to ensure service standards and key deliverables exceed clients’ expectations
Assesses final audits to ensure accuracy between client and insurance company partner audit teams’ identification of risk
Actively builds trusting relationships with clients, insurance company partners and brokers, and the firm’s advisors, partners, and leaders through personal integrity and industry expertise
Shares deep insurance expertise with firm’s advisors, client managers and other colleagues to advise, develop and train

Skills

Key technologies and capabilities for this role

Commercial InsuranceRisk ManagementCarrier NegotiationClient RenewalsLoss PicksDeductible StratificationExposure AnalysisInsurance ArchitectureMarket KnowledgeCoverage Recommendations

Questions & Answers

Common questions about this position

What is the salary for this Client Executive position?

Salary is not specified but is negotiable based on experience.

Is this role remote or does it require office work?

The position is primarily remote, with potential for onsite opportunities.

What skills are required for this role?

Required skills include excellent verbal and written communication, ability to analyze complex risk exposures and develop recommendations through risk mapping, intermediate to advanced Microsoft Office knowledge, and exceptional technical knowledge of insurance coverage, contracts, market conditions, and carrier underwriting.

What is the company culture like at Baldwin Risk Partners?

This information is not specified in the job description.

What makes a strong candidate for this Client Executive role?

Strong candidates demonstrate deep insurance expertise, ability to acquire and retain complex clients through risk knowledge, exceptional communication skills, and experience leading client renewals and marketplace submissions.

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

Client Executive, Commercial Insurance - Insurance Advisory Solutions Northeast at Foundation Risk Partners

Requirements

Responsibilities

Skills

Questions & Answers

Foundation Risk Partners

About Foundation Risk Partners

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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