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Director, Property and Casualty | Hybrid in Chicago, IL

Employer
Insurance Placement Solutions
Location
Hybrid
Salary
$90,000-$120,000/annually
Closing date
Jul 3, 2022

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Job Details

Insurance Placement Solutions has an immediate opening for a Director of Property and Casualty with our client in their Chicago, IL area location. As a member of our client's team, the Director of Property and Casualty will have primary responsibility for certain assigned coverages within the client's P&C master program.

The Director position will develop an understanding of the premium allocation of all premiums related to the Master Program renewal policies and work to be responsible for the master program premium allocations. This will include responsibility for the exposure audit. The position will assist with the other insurance coverages in the P&C master program.

The Director position will also work with the Vice President of Property & Casualty in preparing the coverage comparison portion of each new client proposal. This individual will attend initial proposal events (either in person or virtual). This individual will take full responsibility for onboarding new clients during the first 3–6-month engagement period until the Director of Risk Management is fully engaged. This will include notice to brokers/carriers/staff and coordinating and leading the orientation meeting.

The Director position will coordinate the cancellation of any client that terminates with the program. This will include notice to brokers/carriers/staff as well as preparing documentation for termination.

  Director of Property and Casualty Responsibilities will include, but are not limited to:
  • Prepare renewal questionnaire by working with carriers and brokers;
  • Assist in getting clients to correctly complete RQ;
  • Maintain and review data for accuracy;
  • Aggregate exposure data and prepare submissions for the master P&C program;
  • Verify and update communications on coverage and cost to clients;
  • Verify receipt of negotiated coverage;
  • Monitor and supervise service providers;
  • Respond to coverage issues and questions from carriers, staff, and clients;
  • Review and maintain policy documentation and post to the website portal.
  • Participate in Task Force meetings to seek approval for updates to the Premium Allocation methodology;
  • Responsible for the Premium Allocation process;
  • Supervise production of invoices and comparisons to send to clients;
  • Communicate and address any questions regarding the allocation of premiums;
  • Coordinate payments of premiums with Finance;
  • Provide allocation and accounting classification to accounting for each invoice paid;
  • Prepare proposed pricing for new prospective clients;
  • Work with clients and carrier to complete audits of exposure;
  • Enter audit data into the system and review for accuracy;
  • Distribute audit reports and respond to client questions on exposure audit.
  • Provide needed documentation to captive manager for financial audit transactions;
  • Coordinate reports and documents from internal and external contacts for the captive manager.
  • Participate in developing system solutions.
  • Continuing Education – other designations, conferences, and technical classes.
  Supervisory Responsibilities:

This position does not have any direct supervisory responsibilities but leads and collaborates with the P&C team to execute the service model. Functional supervision may include assignment and distribution of work, coordination of projects and activities, and resolving issues.

  Required Qualifications
  • Broker License
  • Designations within the insurance industry are desired such as CPCU, ARM, or ACI
  • Minimum of five (5) years of increasingly responsible experience is preferred, or a combination of training and experience
  • Possess advisory, consultative, or account management experience in higher education is a plus
  Education
  • Undergraduate degree or equivalent is required
  • An advanced degree is a plus
  About Insurance Placement Solutions

IPS is an insurance staffing and recruiting firm dedicated to the insurance industry, including property and casualty jobs in the Chicago, IL area. Our services are designed to be a resource for clients to gain access to high-caliber talent. Many of our clients do not have the dedicated manpower to quickly fill their temporary, temporary to hire, or direct hire vacancies. That is where we come in. Our clients are able to utilize our services to maintain business-as-usual during unforeseen interruptions and fluctuating business needs. Plus, our candidates benefit from gaining backdoor access to highly sought-after positions with top companies in the industry.

Company

About Insurance Placement Solutions

IPS is an insurance staffing and recruiting firm dedicated to the insurance industry throughout the United States. Our services are designed to be a resource for clients to gain access to high caliber talent. Many of our clients do not have the dedicated manpower to quickly fill their temporary, temporary to hire or direct hire vacancies. That is where we come in. Our clients are able to utilize our services to maintain business-as-usual during unforeseen interruptions and fluctuating business needs. Plus, our candidates benefit from gaining backdoor access to highly sought-after positions with top companies in the industry.

Company info
Website
Telephone
8662986990
Location
1400 E Touhy Ave
Suite G30
Des Plaines
IL
60018
US

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