Sr. Commercial Lines Placement Specialist at Acrisure

Bloomington, Minnesota, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, FintechIndustries

Requirements

Seasoned insurance professional with experience in leading execution of new business and renewal processes for mid-to-large commercial insurance accounts
Expertise in overseeing timelines, conducting exposure and financial analysis, preparing quote specifications, negotiating complex coverage terms, and presenting comprehensive proposals
Ability to drive strategy and execution throughout the placement lifecycle
Proactive collaboration skills with Client Advisors, Account Service Teams, and carrier partners
Capability to navigate complex risks and deliver consultative insights
Thought leadership, advanced negotiation, and market influence skills to deliver optimal risk transfer solutions
Seasoned complex commercial experience as a senior member of the Placement Team
Ability to contribute to team development, support process improvement efforts, and serve as a trusted partner in carrier negotiations and client strategy discussions

Responsibilities

Timeline & Process Management: Maintain the timeline and process during the new business and renewal process, inclusive of exposure analysis, quote specifications, analysis and negotiation of coverage offers, and preparation and presentation of coverage proposals
Strategic Leadership & Market Influence: Develop and execute high-level placement strategies for complex accounts, leveraging deep market intelligence and carrier relationships, while determining where to market based on risk characteristics, large deductibles, captives, and detailed market analysis
Alternative Risk Analysis: Evaluate and analyze alternative risk financing mechanisms, including large deductible programs and captive structures, to determine the most advantageous placement approach
Advanced Risk & Coverage Structuring: Strategize and build insurance towers for select accounts to provide higher coverage limits beyond standard primary policies. Conduct in-depth financial modeling and exposure analysis to optimize coverage and cost efficiency
Decision-Making Authority: Exercise independent judgment in the placement of accounts with alternative carriers, balancing client needs with market conditions
Operational Excellence & Governance: Oversee end-to-end placement processes, ensuring compliance, accuracy, and timely execution. Lead year-end portfolio reviews, identifying performance trends and recommending strategic improvements
Market & Carrier Engagement: Cultivate and maintain executive-level relationships with carriers and wholesalers to secure favorable terms and innovative solutions
Communication: Communicate effectively within the team environment, inclusive of the Client Advisors and Account Service Team, as well as with markets. Collaborate directly with Client Advisors in client-facing discussions on marketing strategy and placement outcomes
Mentorship & Team Development: Act as a subject matter expert, providing guidance and training to Placement Specialists and Account Teams. Champion professional development initiatives and fostering a culture of continuous improvement
Data Analytics and Policy Preparation: Rev (incomplete in description)

Skills

Key technologies and capabilities for this role

Commercial InsuranceExposure AnalysisFinancial AnalysisQuote SpecificationsCoverage NegotiationRisk ManagementClient ProposalsCarrier NegotiationsTimeline ManagementProcess Improvement

Questions & Answers

Common questions about this position

What are the key responsibilities of the Sr. Commercial Lines Placement Specialist?

The role involves leading new business and renewal processes for mid-to-large commercial insurance accounts, including timeline management, exposure analysis, quote specifications, negotiating coverage terms, and presenting proposals to clients.

What salary or compensation does this position offer?

This information is not specified in the job description.

Is this role remote or does it require office presence?

This information is not specified in the job description.

What is the company culture like at Acrisure?

Acrisure was built on entrepreneurial spirit, prioritizing leadership, accountability, and collaboration to equip teams to work at the highest levels possible.

What experience makes a strong candidate for this role?

A strong candidate is a seasoned insurance professional with experience in complex commercial accounts, advanced negotiation, market influence, strategic placement, alternative risk analysis, and thought leadership.

Acrisure

Insurance broker specializing in risk management

About Acrisure

Acrisure provides insurance and risk management services through a network of independent insurance agencies known as Agency Partners. This model allows Acrisure to offer tailored solutions to a diverse clientele, including business owners and institutions in sectors like agriculture, arts, and waste management. The Agency Partners maintain local relationships while leveraging Acrisure's global resources, ensuring personalized service. The company generates revenue by earning commissions and fees from insurance policies sold through its partners, fostering a mutually beneficial relationship. Acrisure's goal is to combine local expertise with global capabilities to deliver high-quality insurance solutions.

Grand Rapids, MichiganHeadquarters

2005Year Founded

$19.5MTotal Funding

DEBTCompany Stage

Financial ServicesIndustries

1,001-5,000Employees

Risks

Increased competition from fintech firms may challenge Acrisure's market share.

Rapid expansion could lead to integration risks and cultural clashes.

Strategic alliances may result in conflicts of interest or operational inefficiencies.

Differentiation

Acrisure's unique model leverages a global network of independent Agency Partners.

The company combines local expertise with global resources for tailored client solutions.

Acrisure's rapid growth is driven by strategic partnerships and innovative insurance products.

Upsides

Acrisure's expansion into new markets like Bermuda strengthens its global presence.

The appointment of industry veterans enhances Acrisure's leadership and growth potential.

Winning 'Broker of the Year' boosts Acrisure's reputation and client trust.

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