Risk Analyst
Company: WayUp
Location: Boston
Posted on: May 28, 2023
Job Description:
RISK ANALYST JOB DESCRIPTION, NORTHEAST
Interested in joining a company where you can immediately see the
impact of your work? Are you looking to help a firm that has been
on a growth trajectory take it to the next level? Do you thrive in
a fast paced (really fast paced) and dynamic environment where
culture is second to none? If you answered "YES!", this may be the
next step in your career.
ABOUT LOCKTON NORTHEAST:
The Northeast Series (region) for Lockton includes offices in the
metro areas spanning Washington DC, Philadelphia, New York City,
Hartford, and Boston. The Northeast grew by 45% in our last fiscal
year, and all of that growth was organically driven! - not through
acquisition.
POSITION OVERVIEW:
The Risk Analyst is the primary service contact for an assigned
book of Property and Casualty business and is responsible for
developing a strong working relationship with clients, carriers and
Lockton team members. It is designed for a recent college graduate
or experienced professional with 1 - 2 years of relevant insurance
experience. The Analyst will be part of our Career Foundations
Program, which is designed to provide the technical and practical
training needed to develop the Benefits Analyst as they look
forward to a successful and long-term career in the Lockton
Northeast Series. The Analyst is responsible for day-to-day Client
service and renewal support to Client Managers, Sr. Client
Managers, and/or Account Executives. A high performing and
successful Analyst will provide great customer service and support
to the broader client team.
CORE DUTIES:
- Supports the Account Executives, Senior Client Managers and
Client Managers in:
- Responding to Client's inquiries, maintaining documentation of
communications, existing issues, and issue resolutions
- The implementation of new lines of coverage by setting up
account, collecting needed documentation, and reviewing plan
details with Client and Carrier
- Providing Client service aligned with Lockton Northeast
processes / protocols and our overall Client Engagement
strategy
- Gathering and compiling exposure information from the Client,
including compiling loss-run schedules and Client
stratifications
- Requesting and securing quotes from insurers
- Audits, quotes, binders, and endorsements and makes requests
for changes as needed
- Following up for insurance policies then updates and completes
policy check to ensure completeness
- Updating specifications, application, and summary information
to reflect changes during the year
- Informing Client of any and all changes that may affect
insurance premiums or coverage
- Creating and sending compliance communications as needed
- Preparing / drafting Client Engagement documents (Renewal
Strategy, Stewardship and Renewal Presentations)
- Works with Technical Services Assistant to issue and process
Invoices, Certificates of Insurance and Auto ID Cards
- Resolves accounting issues
- Performs other responsibilities and duties as needed
COMPETENCIES:
- Time Management and Time Management and Organization: Uses a
range of skills, tools, and techniques to manage time when
accomplishing specific tasks, projects and goals; this includes
planning, allocating, setting goals, delegation, analysis of time
spent, monitoring, organizing, scheduling, and prioritizing.
- Analytical: Examines and interprets a wide variety of
information and makes recommendations or decisions to help business
achieve optimal results.
- Professionalism: Conducts oneself in a polite and respectful
manner and demonstrates good judgment when dealing with internal
and external clients.
- Client Focus: Practices Lockton's motto, "We Live Service,"
while serving Clients' needs, nurturing effective Client
relationships, and contributing to the overall success and
satisfaction of Lockton.
- Reliability: Completes tasks and job functions on time, while
meeting or exceeding expectations; carries a trusted reputation for
dependability, honesty, consistency, and commitment.
- Communication: Expresses ideas clearly, listens effectively,
shares information appropriately, demonstrates interpersonal
skills, and resolves conflict as needed.
- Industry Knowledge: Stays current on issues impacting the
industry by maintaining expertise in functional area.
REQUIREMENTS:
- Bachelor's degree in a business-related program preferred or
equivalent education and/or experience required
- Ability to efficiently organize work and manage time in order
to meet deadlines
- Exceptional verbal, written, and interpersonal skills
- Ability to comply with all company policies and procedures,
proactively protecting confidentiality of client and company
information
- Willingness and ability to work outside of normal business
hours and travel as needed
- Strong knowledge of Microsoft Office Suite (Word, Outlook,
Excel, and PowerPoint)
- Legally able to work in the United States
Keywords: WayUp, Boston , Risk Analyst, Professions , Boston, Massachusetts
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