Risk Analyst

Marsh McLennan Agency (MMA) Midwest Region is a top-tier insurance brokerage that provides business insurance, employee benefits, private client insurance, and retirement services to clients nationwide. Consistently recognized for its exceptional workplace culture, MMA Midwest is committed to fostering career growth, recognizing expertise, and rewarding results. Colleagues thrive in a high-performing, collaborative environment where creativity, dedication, and professional development are prioritized.

Key Responsibilities:

• Collaborate with Producers, Account Executives, and service teams to develop and execute tailored service strategies for each client.
• Prepare insurance applications and renewal submissions for property and casualty insurance lines.
• Build strong, personalized relationships with clients through effective communication across various channels (phone, email, in-person).
• Analyze client risk, coverage, and program structure; recommend and implement necessary coverage changes.
• Oversee client portal information and advise on access decisions to ensure accuracy.
• Manage the claims process by working with brokers and carriers to achieve optimal outcomes during losses.

Broker Relationship Management:

• Independently meet with brokers to fulfill commitments outlined in service strategies.
• Demonstrate deep understanding of state regulations and carrier programs for multi-state placements.
• Communicate effectively with brokers regarding insurance, claims, or administrative matters, acting as a liaison to resolve issues.
• Prepare and review insurance applications, renewal submissions, and other documentation related to property and casualty coverage.
• Collaborate with the Head of Risk Management to review policy terms, coverage, insurance limits, and retention levels.
• Manage relationships with third-party service providers, including brokers, insurers, and consultants.
• Track key metrics, including COIs, insurable values, and policy terms, using developed tools.
• Maintain a policy database and renewal calendar, ensuring timely and efficient operations across departments.
• Assist with compliance processes and audits, including construction audits and annual reviews.
• Respond to insurance-related reporting requests from lenders, joint ventures (JV), or other stakeholders.

Required Qualifications:

• Licenses: Upon hire, Producers License for Fire/Casualty or Life/Health (based on role).
• Experience: 5+ years in a risk or insurance-related role, such as in an insurance brokerage, carrier, property underwriting, or as an in-house risk manager in real estate or similar industries. Experience in strategic planning and managing complex accounts.
• Skills:
  • Ability to prioritize multiple tasks across different proprietary, vendor, and web-based systems.
  • Proficiency in Microsoft Office suite (Excel, Word, PowerPoint).
  • Strong problem-solving skills and attention to detail.

Preferred Qualifications:

• Education: BS/BA in Business, Insurance, or a related field.
• Certifications: CPCU, ARM, CEBS, or other relevant professional insurance designations.
• Experience: Familiarity with agency management systems