Placement Specialist I
2USalary not specified
Full Time
Entry Level & New Grad, Junior (1 to 2 years)
Placement Executive, Commercial Risk-Insurance Advisory Solutions at Foundation Risk Partners
Tampa, Florida, United States
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries
Requirements
- Bachelor’s Degree preferred, or 10 years’ work-related experience
- Preference for some experience in an agency environment
- Active state insurance license required
- Professional designations such as ARM, CPCU, CRM, or CIC are a plus
- Ability to prepare written correspondence, reports, and analyses
- Analytical skills for assessing situations, identifying problems, recommending solutions, and evaluating outcomes
- Demonstrated presentation and negotiation skills
- Exceptional writing and communication skills
- Ability to multitask, meet deadlines, and thrive in a fast-paced environment
- Proficient in Microsoft Office (Word, Excel, PowerPoint)
Responsibilities
- In-depth knowledge of insurance products and services, including policy forms, terms, and conditions
- Maintain thorough knowledge of the insurance marketplace and develop strong relationships with key underwriters
- Assess client needs, design solutions, and negotiate with insurance carriers to obtain appropriate coverage plans
- Market client business (typically of higher complexity) to various insurance carriers, handling both new and renewal business
- Identify suitable carriers, submit applications for quotes, negotiate favorable rates and terms & conditions, and prepare Insurance Proposals
- Stay current on industry news, products, coverage, and technology
- Consistently maintain a professional and appropriate demeanor
- Attend company meetings, workshops, carrier functions, staff meetings, and networking events as required
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary for the Placement Executive role?
This information is not specified in the job description.
Is this position remote or does it require office work?
The location type varies, primarily in the US and abroad.
What skills are required for this Placement Executive position?
Required skills include analytical skills for assessing situations and recommending solutions, demonstrated presentation and negotiation skills, exceptional writing and communication skills, ability to multitask in a fast-paced environment, and proficiency in Microsoft Office.
What qualifications are needed to apply for this role?
Candidates need an active state insurance license, a Bachelor’s Degree preferred or 10 years’ work-related experience, and preference for agency environment experience; professional designations like ARM, CPCU, CRM, or CIC are a plus.
What makes a strong candidate for the Placement Executive position?
Strong candidates will have an active state insurance license, in-depth insurance knowledge, negotiation skills, analytical abilities, and experience in an agency environment, with professional designations being advantageous.
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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