Insurance Broker for Wholesale Markets
5 days ago
Job Summary:
Novatae Risk Group, a national wholesale brokerage, is seeking an experienced Commercial Excess & Surplus Broker to join our team. As a key member of our organization, you will be responsible for overseeing the preparation of submissions, presenting accounts to insurance carriers, and marketing new and renewal business.
Key Responsibilities:
- Submission Preparation: Oversee the preparation of submissions, including applications and support documents, to ensure timely and accurate delivery to insurance carriers.
- Account Presentation: Present accounts to insurance carriers in a favorable and compelling manner, with the goal of securing a strong program.
- Business Development: Market new and renewal business in conjunction with designated sales teams, identifying opportunities for growth and expansion.
- Program Analysis: Collect and analyze all necessary information to understand the current program, identifying areas for improvement and opportunities for growth.
- Underwriting Reports: Order applicable underwriting reports as needed to support the submission process.
- Quote Management: Ensure quotes are provided in a timely manner, following submissions through the process.
- Sales and Marketing: Solicit new business through various sales and marketing techniques, establishing relationships with insurance carriers and other stakeholders.
- Administrative Support: Coordinate and handle administrative workflows in conjunction with support teams to ensure accurate and prompt response to service issues.
Requirements:
- Business Acumen: Skilled in business writing and situation analysis, with a strong understanding of property and casualty insurance, including coverages, rating, terminology, and technical procedures.
- Communication Skills: Energetic, self-motivated individuals who are goal-oriented and can thrive in a team environment and autonomously, with strong communication skills and the ability to establish new relationships.
- Industry Knowledge: Strong knowledge and experience of property and casualty insurance, including coverages, rating, terminology, and technical procedures, with a P&C license or E&S licenses.
- Sales and Marketing: Must be sales-driven, with a strong ability to establish new relationships and learn communication strategies and sales methods.
- Education and Experience: A four-year college degree is preferred, with 1-3 years of relative experience, including either Wholesale Broker or MGA experience.
Equal Employment Opportunity:
Novatae Risk Group is an equal opportunity employer, committed to celebrating and supporting our differences. We believe that employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish.
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