Business Development Role for Wholesale Insurance Company

1 month ago

Newark, United States Novatae Risk Group Full time
Job DescriptionJob Description

Novatae Risk Group is a national wholesale/brokerage for hard to place commercial insurance coverages. We are seeking an experienced E&S BDM for a hybrid position working in our Iselin location.  We are searching for candidate(s) who have demonstrated success in the wholesale industry or MGA and offering $140,000 as a salary, plus a lucrative bonus package.      

Requirements:

  • Facilitate the preparation of submissions to include applications and various support documents.
  • Favorable presentation of the account to the insurance carriers, and to proactively work in obtaining a compelling program.
  • Develop relationships with World Insurance producers in conjunction with designated sales teams.
  • Collect all necessary information and analyze the current program.
  • Order applicable underwriting reports as needed.
  • Not required to build your own book, market submissions through internal brokers
  • Direct and market techniques and begin establishing relationships.
  • Coordinate and handle administrative workflows in conjunction with support team(s) to establish accurate and prompt response to service issues.
  • Seek opportunities for growth and cultivate new markets and to include organic growth.

Qualifications:

  • Skilled in business writing and situation analysis.
  • Energetic, self-motivated individuals who are goal oriented and can thrive in a team environment and autonomously. 
  • Strong knowledge and experience of property and casualty insurance including coverages, rating, terminology and technical procedures. P&C license / E&S licenses.
  • Must be sales driven, “people person” who likes to establish new relationships while learning communication strategies and sales methods.
  • A four-year college degree is preferred with 1-3 years of relative experience. Past experience should include either Wholesale Broker or MGA experience.

Equal Employment Opportunity

At Novatae Risk Group, we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. Novatae is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, Novatae makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

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