Job Summary:
We are looking for an entry level Property Risk Engineer to join our Technical Services team. Your knowledge in fire protection/prevention, industry and manufacturing exposures, along with loss prevention best practices will be leveraged to assist our clients reduce risk, while assisting our producers more favorably position those clients in the insurance market.
As a central point of contact for risk engineering activities, your role will vary in scope, whether it is to communicate client needs to the carrier, fully defining a service strategy in the case where you will be managing field service work, to activity participating in managing risk improvement projects. This role is more so Account Engineering than conducting field work, however attending or occasionally conducting an onsite visit is a possibility as well. Our clients will lean on you for insight to best risk engineering practices, program development, prioritizing risk improvement advice as it relates to underwriting impact as well as mitigating business interruption potential.
Close interaction with our clients will be a key function to your role as you either coach them towards recognizing unforeseen exposures or help them navigate advice provided by their carrier.
While this role is geared towards being a technical advisor, it is also to serve as a resource for business development, and supporting efforts made towards identifying and placing capacity in the markets.
As a member of our Technical Services team, you will be one of our experts in this dedicated core industry. This will allow you to contribute to various projects and papers involving best practices, guidelines, technology, and industry updates.
Duties & Responsibilities:
- Directly support the CAC Group, with verticals to both CAC Specialty and CAC agency
- Conduct account reviews and develop supporting information for business acquisition
- Work with account team with preparing renewal information and participating in renewal activities
- Participate in sales and marketing efforts
- Attend relevant professional group conferences
- Develop and coordinate full-service risk engineering programs for clients
- Collaborate with carrier risk engineering teams
- Assist clients with navigating, understanding and prioritizing risk improvement advice
- Develop and establish loss prevention management program for clients
- Assist clients in identifying areas for physical and programmatic improvement
- Stay involved with and identify exposures with major client physical property, fire protection, and machinery breakdown related projects
- Occasionally conduct onsite risk assessments, prepare full market reports
- Develop loss estimates (MFL/PML) on site specific and/or portfolio basis for insurance program designs.
- Stay informed on relevant and technical information in the various applicable industries
- Establish and maintain a good business relationship with clients, insurance carriers, and CAC Group colleagues
- Analyze and develop Natural Catastrophe modelling and reporting
- Liaise with our claims team to develop loss lessons and technical claims data