Job Information
MMC Associate Risk Manager - R_290006-6153 in Schaumburg, Illinois
This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/12368504 Marsh McLennan Agency\'s Midwest Region is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the country. MMA Midwest is consistently recognized as a top workplace, attracting and retaining its insurance talent by rewarding expertise and investing in career development. Colleagues enjoy an award-winning culture that fosters a highly productive and results-driven working environment.
As an insurance expert, the Associate Risk Manager will manage Adventurous Journeys Capital Partners (\"AJCP\") property, liability, and construction insurance strategy. This role collaborates with cross-functional teams, including Investments, Development, and Asset Management, to support AJCP\'s rapid growth.
Broker Relationship
- Communicates with broker regarding insurance, claims, or administrative issues, acting as a liaison to resolve escalated matters
- Manages relationships with third-party service providers including brokers, insurers, and consultants
- Manages the claims process on behalf of AJCP and work directly with brokers and carriers to ensure optimal outcomes when losses occur
- Works with AJCP department leaders and outside brokers to identify value-add opportunities, including cost efficiencies and ways to realize scale benefits as AJCP grows
- Performs any additional responsibilities that may be required to support AJCP\'s rapid growth
Client Advocacy
- Prepares insurance applications and renewal market submission documentation for all of AJCP\'s insurance lines of coverage
- Reviews policy terms and conditions, coverage, insurance limits and retention levels with the Head of Risk Management to make recommendations in support of AJCP\'s risk management strategy
- Develops, implements, and maintains tools to track COIs and key metrics, including insurable values, replacement cost estimates, annual premiums, key policy terms, etc
- Maintains a database of insurance policies and calendar of policy renewal dates and work across departments to understand timing of projects moving through the various phases of construction to completion
- Reviews contractual insurance requirements and make recommendations on appropriate insurance language to various business units
- Ensures premium invoices are properly coded and submitted for timely payment
- Assists with compliance processes, including annual audits and construction audits
- Responds to lender, JV, or other stakeholder regarding insurance-related reporting requests
Peer Relationships
- Participates in ongoing scheduled meetings with AJCP\'s service team to discuss accounts, renewals, service needs, service platform, etc.
- Develops successful and effective working relationships with AJCP, Producers, Account Executives, Account Managers, Client Service Representatives, Claim team members, managers, carriers, and members of other departments
Required
- Upon hire, Insurance Producers License for Property/Casualty
- 5+ years of relevant experience in a risk or insurance position such as an insurance brokerage firm, insurance carrier, property underwriter or in-house risk manager for a REIT, real estate developer, or other company with significant real estate holdings.
- Experience with strategic planning and implementation of complex accounts
Preferred
- BS/BA in Business, Insurance or related field
- ARM, CRM, CRIS, or other professional insurance designation related to discipline
- Experience working with agency management systems
- Advanced skill level in Microsoft O fice suite
A Great Place to Work. A Great Place to Perk.
Recognized for workplace culture by the likes of Fortune Magazine, The Chicago Tribune and more, our colleagues enjoy an environment that fosters creativity as well as individual and organizational growth. A small sampling of the benefits our colleagues enjoy include:
- Medical, dental, vision, 401K benefits and more
- The flexibility to work at home or an office
- A paid day off to volunteer and company-organized volunteer events
- Up to \$1,000 per year in matching charitable donations
- Up to \$750 per year in wellness rewards
- A company-wide mentality that you can never appreciate your co-workers too much
WhoYouAre is WhoWeAre
MMA Midwest has created an award-winning culture largely due to meeting our colleagues where they are, celebrating their differences and building an inclusive environment. We challenge ourselves to create a workplace where our colleagues feel not only welcomed, but feel they belong; where we not only embrace diverse perspectives and opinions but seek them out; and where we ask not how a colleague fits our culture, but what they add to it.
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