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E&O Insurance Sales Specialist
2 months ago
Position Summary: This position is designed to bolster the Agency Services team at OIA by assisting independent agencies in securing essential insurance coverage for their operations. The E&O Sales Specialist will play a pivotal role in enhancing the Agency Services portfolio by actively developing a strong pipeline of potential clients, engaging in focused outreach initiatives, and successfully closing new business deals.
Mission Statement: Act as OIA's main liaison for acquiring new business related to Errors and Omissions (E&O) policies. Establish and uphold a systematic approach to new business generation, ensuring OIA's safeguard against liability risks.
Benefits Offered
Paid Time Off (PTO)
Health Coverage
Dental Coverage
Vision Coverage
Life Insurance
Monday to Friday Work Schedule
Retirement Savings Plan
Evenings Off
Remote Work Options
Flexible Working Hours
Disability Coverage
Key Responsibilities
Essential Duties:
- Conduct outbound outreach to E&O prospects in designated regions.
- Generate new business for Agency Services offerings through phone communications, email correspondence, collaboration with marketing teams on promotional campaigns, and participation in industry events.
- Follow up on new business leads, verify submission details with agents, liaise with carriers regarding quotes, present proposals to clients, and ensure proper policy issuance.
- Cross-sell additional insurance products to enhance client accounts.
- Acquire knowledge of and adhere to all policies and procedures related to E&O, cyber liability, EPLI, Umbrella, and other agency coverages.
- Foster and strengthen relationships between OIA, clients, agents, and insurance carriers.
- Perform any other related tasks as assigned.
Qualifications
Education and Experience: Comprehensive understanding of risk management, insurance principles, professional liability, business administration, and finance. A bachelor's degree combined with two years of relevant sales experience or an equivalent combination of education and experience is preferred.
Skills and Competencies:
- Ability to read, analyze, and comprehend general business-related articles and professional publications.
- Effective communication skills for presenting information to groups of clients or colleagues.
- Proficiency in performing calculations related to discounts, interest, commissions, and other financial metrics.
- Capability to apply mathematical concepts to real-world scenarios.
- Strong problem-solving skills, including data collection and analysis.
- Aptitude for interpreting complex technical instructions and managing various abstract and concrete variables.