Risk Management Consultant

2 weeks ago


Kansas City, Missouri, United States Holmes Murphy & Associates Full time

Holmes Murphy is recognized as one of the largest privately owned insurance brokerage firms in the United States. Our mission revolves around enhancing health, safeguarding wealth, and providing our clients with peace of mind. We take pride in fostering an environment where our employees are passionate about their work and their colleagues.

We are eager to welcome a Client Service Consultant to our Property & Casualty division. Ideal candidates will excel in a collaborative atmosphere, showcasing strong interpersonal communication abilities and a genuine enthusiasm for continuous learning.

This position entails managing a portfolio of clients, which involves assessing their needs and risks, and aiding them in developing a tailored insurance strategy. A comprehensive understanding of the client's business operations is essential, as is the ability to effectively communicate those needs to the relevant insurance carriers. Client Service Consultants are expected to autonomously handle the necessary tasks to efficiently manage accounts while delivering exceptional customer service. All services must be executed professionally and promptly, adhering to our established processes and protocols.

Key Responsibilities:

  • Manage accounts with support from Client Service Specialists and/or Client Managers, focusing on larger, more intricate accounts.
  • Prepare essential documents such as certificates, binders, auto ID cards, and accident kits.
  • Participate in meetings with insurance carriers.
  • Request policy modifications from carriers, update the internal system, and establish follow-up actions.
  • Process endorsements by verifying coverages, invoices, and updating client management systems.
  • Maintain current follow-up activities.
  • Review, process, and summarize audits.
  • Investigate and rectify discrepancies in audits and endorsements.
  • Ensure accuracy in account and policy management by verifying that all client information and items received from carriers are correct and up-to-date.
  • Maintain monthly reporting documentation.
  • Take initiative and lead account management.
  • Conduct pre-renewal meetings with the team for qualifying accounts and identifying client opportunities.
  • Attend client renewal meetings as necessary.
  • Consult with clients regarding their coverage requirements.
  • Engage in contract reviews.
  • Market renewal policies and negotiate with underwriters from insurance companies.
  • Review account quotes for accuracy and prepare proposal documents for clients.
  • Compile client renewal documentation and store it in the agency management system, including PSR, schedules, applications, experience mod worksheets, loss runs, and other relevant information.
  • Invoice agency bill transactions for new and renewal policies, monthly installments, endorsements, and audits, ensuring accuracy and collaborating with accounting to resolve discrepancies.
  • Foster positive working relationships with team members, providing backup when necessary, sharing information, and effectively solving problems as they arise.
  • Collaborate with personnel across the agency, as well as clients and insurance company representatives, taking guidance from the service team.
  • Train and mentor Client Service Specialists as needed, providing direction on shared accounts.
  • Facilitate knowledge sharing through various platforms (e.g., team meetings, emails, Salesforce Chatter).
  • Work alongside Client Service Specialists to ensure all client needs are addressed.
  • Undertake special projects and additional duties as assigned.
Knowledge, Skills, and Abilities:
  • In-depth understanding of property and casualty coverages and the ability to apply this knowledge effectively.
  • Familiarity with various carrier websites for quoting purposes.
  • Exceptional communication skills, both verbal and written, when interacting with clients, company personnel, and team members.
  • Advanced negotiation, presentation, and critical thinking capabilities.
  • Consistently maintain a professional demeanor.
  • Ability to interpret policy contractual provisions and understand policy forms and endorsements to ensure appropriate coverage for clients.
  • Experience with data entry; proficiency in agency management systems, Microsoft Excel, Outlook, PowerPoint, and Word.
  • Ability to review, analyze, and assess experience mods.
  • Strong organizational skills; capable of managing and prioritizing multiple tasks.
  • Ability to work independently and collaboratively to achieve team and agency objectives.
  • Detail-oriented with strong problem-solving skills.
  • Strong analytical abilities.
  • Maintain confidentiality regarding all duties and responsibilities, including team member and client information.
  • Adhere to all established agency procedures.
  • Capable of managing accounts independently from start to finish.
  • Willingness to engage in internal and external educational opportunities to enhance knowledge of current insurance topics or relevant system improvements.
  • Willingness to pursue technical designations and/or continuing education as appropriate.
  • Knowledge of and compliance with HMA's Client Privacy Policy, HIPAA regulations, and E&O procedures and policies.
Qualifications:
  • Education: High school diploma required; college degree preferred. Active state-specific Property Casualty Insurance agent's license required or the ability to obtain the license within three months of hire.
  • Experience: Minimum of 5+ years in customer service, underwriting, or risk management within the insurance sector.
Benefits:
  • In addition to core benefits such as health, dental, and vision, we offer additional perks including:
  • Paid Parental Leave and supportive New Parent Benefits.
  • Company-sponsored continuing education and tuition reimbursement.
  • 401k Profit Sharing with annual contributions to employees' 401k plans.
  • Generous time-off policies in addition to paid holidays.
  • Support for community involvement through paid volunteer time off and employee matching gifts to charities.
  • Diversity, Equity, and Inclusion (DE&I) programs.
  • Regular merit increases and promotion opportunities.
  • Discretionary bonus opportunities.
Holmes Murphy & Associates is an Equal Opportunity Employer.

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