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Insurance Brokerage Specialist

2 months ago

Mount Laurel, New Jersey, United States Jimcor Agency Inc. Full time
Job Description

Job Summary:

This position is focused on generating opportunities, client relationships, and professional lines brokerage placements. Creates relationships with existing and new brokerage carriers, to negotiate terms and pricing with a high sense of urgency. Interacts with Companies and Brokers via regular mail, in-person visits, and networking.

Essential Duties and Responsibilities:

  • Develop client relationships to generate submission opportunities and a regular flow of business.
  • Review submission documents received to prepare additional information including; loss pics/summaries, loss stratifications, risk summaries, narratives, online research, and requesting additional information needed from the client.
  • Select and market the risk, by line of coverage, to markets to negotiate terms & pricing.
  • Provide comparisons and illustrations to compare options and support client presentation process.
  • Utilizes knowledge of automated systems to develop information for new or renewal policies.
  • Prepares quotations for clients and answers inquiries from clients, policyholder, or prospects.
  • Reviews requests for cancellation, endorsements, etc.
  • Reviews policies for renewal consideration and remarketing.
  • Request additional documentation necessary for the processing of an application, endorsement, or cancellation.
  • Conduct marketing visits to clients and attend industry events.
  • Work with support associates, assistants, and central processing to assure work is completed in a timely manner and with accuracy. This may include mentorship and guidance of the team member working with you on risks.
  • Performs other duties as assigned.

Qualifications/Requirements:

  • Must have Producer's License
  • 3 plus years of insurance experience
  • Basic familiarity with computers
  • Good oral and written communications skills
  • Strong analytical skills and the ability to pay attention to details.
  • A high sense of urgency
  • Resourceful and controlled assertive behavior characteristics
  • Must have demonstrated negotiation & sales skills
  • Technical knowledge of insurance coverage forms and their application to exposure
  • Knowledge of departmental regulations and policies
  • Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted underwriting practices
  • Strong interpersonal skills working with Staff and Company Underwriters
  • Experience in standard underwriting practices and procedures