Risk Analyst

Lockton

Posted 1 day ago

Full Time

San Francisco, California

In Person

Smart Summary

The Risk Analyst supports Account Executives and Managers by responding to client inquiries, managing documentation, implementing new coverage, and gathering necessary exposure information. Core duties also involve securing quotes, auditing documents, processing changes, and preparing client engagement materials.

This entry-level Risk Analyst position is ideal for recent college graduates or those with 1-2 years of insurance experience. Key requirements include a bachelor's degree in a business-related field (preferred), strong communication skills, and proficiency in Microsoft Office. The role involves client service, gathering data, securing quotes, and supporting account executives.

Must Have Skills for ATS

Client Service

Time Management

Organization

Interpersonal Skills

Verbal Communication

Written Communication

Microsoft Office Suite

Data Compilation

Issue Resolution

Policy Auditing

Customer Service

Adaptability

Prioritization

Job Description

Position Overview  
The Risk Analyst is an entry level position designed for a recent college graduate or professional with 1 to 2 years of relevant insurance experience. The 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. This role will be part of our Career Foundations Program, which is designed to provide the technical and practical training needed to develop the Risk Analyst as they look forward to a successful and long-term career. 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 Responsibilities 
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 and 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 carriers  
  • 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 TSA to issue and process Invoices, Certificates of Insurance and Auto ID Cards  
  • Resolves accounting issues  


  • 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  and will not require sponsorship for this position, now or in the future 

A successful candidate will have:  

  • An eagerness and enthusiasm to learn and be a part of their respective Unit or Practice  
  • Strong interpersonal skills and ability to communicate effectively and professionally, both verbally and in writing  
  • An ability to excel at multi-tasking, adapting to change and working on tight deadlines to meet our clients’ needs  
  • An ability to manage time, prioritize and ensure that deadlines are met without compromising quality  
  • The entrepreneurial spirit, with a desire to learn the Property and Casualty insurance industry and grow within the company  
  • The initiative to actively participate in the Career Foundations Program and to pursue technical excellence through professional designations, industry workshops etc.   

    Benefits:

    Lockton is committed to advancing diversity and inclusion. We have a dynamic entrepreneurial culture in which our people are empowered to make a difference to better serve client needs. We are committed to giving back to our communities and we are invested in your success.  

    We offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing organization. 

Lockton

What makes Lockton stand apart is also what makes us better: independence. Our private ownership empowers our 13,100+ Associates doing business in over 140+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, we deliver the deep understanding needed to accomplish remarkable results.

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