Farmers Insurance
Kraft Lake Brokerage Placement Specialist - Commercial Lines
This job is now closed
Job Description
- Req#: 20238
- The Commercial Lines Brokerage Placement Specialist is responsible for the profitable growth in small commercial, middle market and/or complex Property/Casualty, Workers Compensation, Automobile and Management/Professional Liability lines of business nationwide.
- They are responsible for underwriting, pricing and placement of risks for agents with Admitted and Non-Admitted, Excess and Surplus, markets where binding authority exists.
- They evaluate and place risks with the appropriate brokered carriers based on the individual carriers appetite and underwriting guidelines by working with the carrier and agent.
- With pricing and binding authority of brokered carriers, the Brokerage Placement Specialist will place new business, process renewal contracts and service endorsement requests for agents.
- The role works directly with brokerage carriers to achieve production and loss ratio goals through monthly conference calls and relays pertinent information to team member in daily held team huddles.
- Reviews agent submissions for acceptability, eligibility, classification, proper pricing, and accuracy of application (ACORD or carrier specific) on assigned products and authority levels with the discretion to make exceptions after analyzing each risk with Admitted brokered markets.
- Reviews and evaluates new and renewal applications for personal and commercial lines, Excess and Surplus, business to develop an understanding of the broad appetite of Kraft Lakes carrier partners.
- Accepts, modifies, or rejects risks, within set authority level, based on a review of business in terms of loss experience, inspection reports, file information, web resources, policyholder tenure, related policies, and nature of risk in accordance with brokered carrier guidelines, standards and compliance.
- Maintains a submission quality index of 95% or higher and continually makes corrective action recommendations. With minimal oversight establishes collaborative relationships with brokerage carriers and agents to understand the external marketplace and underwrite within the established performance standards. With pricing and underwriting authority of multiple carriers evaluates E and S risks for acceptability, pricing exposures accurately, and rating plans for re newal retention.
- With minimal oversight provides accurate submission and placement documentation for E and S filing including admitted market declinations, exceptions to established guidelines, and/or critical account information relating to the final underwriting decision. Operates in accordance with compliance guidelines and individual state E and S laws.
- With minimal oversight handles policy maintenance items and other mid-term requests. Reviews endorsement requests and authorizes necessary changes to the policys on more complex risks. Reviews Loss Control reports and recommendations; partners with the brokerage carriers to ensure loss control compliance.
- Responsible for driving and ensuring all policy transactions are issued and changes are processed accurately and within Kraft Lakes established SLA. Researches market trends and marketplace competition to prepare submission reports for carrier partners.
- Five years of insurance experience required.
- Two to five years of personal and/or commercial underwriting experience or Independent agent/brokerage sales or service experience required.
- Proficient with ISO forms or equivalent and ACORD applications or equivalent is required.
- Must be able to communicate policy wording, coverages and exclusions to agents.
- Strong consultative partnership mindset and strong customer experience skills are required. Strong written and oral communication skills.
- Ability to exhibit a can do attitude while focusing on the greater good of the team and business.
- Strong problem solving, influencing, negotiation and collaboration skills required. Independent Agency/Brokerage Management System experience preferred.
- P&C license required within 30 days of start date
- Farmers offers a competitive salary commensurate with experience, qualifications and location.
o CA Only: $64,480 - $82,500
o CO Only: $53,440 - $71,300
o NY Only: $58,500 - $82,500
o Albany County: $58,500 - $71,300
o WA Only: $65,478 - $95,375 - Bonus Opportunity (based on Company and Individual Performance)
- 401(k)
- Medical
- Dental
- Vision
- Health Savings and Flexible Spending Accounts
- Life Insurance
- Paid Time Off
- Paid Parental Leave
- Tuition Assistance
- For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer
We are Farmers!
We are… more than just your favorite commercials. We are a passionate, award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture! We are Farmers!
Do you thrive in a high-volume, fast-paced environment? Do you enjoy the challenge of a position where no two days are alike? We are looking for positive, high-energy professionals who are not just looking for a job, but a meaningful career!
At Farmers, our ambition is to be the leader in delivering peace of mind, innovating for customers whenever and wherever they need us. That means having people like you who can help us evolve to meet changing customer and business needs. Continuous development is critical to our success at Farmers; that means being curious, continually innovating, being open to new opportunities and embracing change. As the needs of our business and customers change, and you acquire needed experience, you may have opportunities to use your knowledge and skills in a different role. As you take on these new challenges, Farmers is committed to providing you with the necessary training and support along your career journey.
Workplace: Hybrid ( #LI-Hybrid ) or Remote ( #LI-Remote )
Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.
Job Summary
Essential Job Functions
Education Requirements
High school diploma or equivalent required. Bachelor’s degree preferred or equivalent combination of education and experience.Experience Requirements
Additional Qualification
Benefits
Job Location(s): R_US - United States, US - TX - Austin-LngVista, US - CA - WdlndHills-6301, US - MI - Caledonia KM2, US - AZ - Phoenix-2400
Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.
About the company
The companies comprising the Farmers Insurance Group of Companies® currently make up one of the country's largest insurers of vehicles, homes and small businesses, and provide a wide range of other specialty insurance and financial services products.