Senior Insurance Producer/Broker for Commercial Excess and Surplus Lines
5 days ago
Job Overview
Novatae Risk Group is a leading wholesale insurance brokerage specializing in hard-to-place commercial insurance coverages. We are seeking experienced Excess & Surplus Brokers to join our team and contribute to our growth.
About the Role
We are looking for highly skilled professionals with a proven track record in the wholesale industry or MGA sector. As an Excess & Surplus Broker, you will play a crucial role in identifying new business opportunities, developing relationships with insurance carriers, and driving revenue growth.
Main Responsibilities
- Develop and submit comprehensive proposals to insurance carriers, including applications and supporting documents.
- Provide compelling presentations of accounts to insurance carriers and negotiate favorable terms.
- Market new and renewal business in conjunction with designated sales teams.
- Analyze current programs and identify areas for improvement.
- Order underwriting reports as needed and ensure timely submission of quotes.
- Solicit new business through various sales and marketing techniques and establish relationships with key stakeholders.
- Coordinate administrative workflows with support teams to provide prompt responses to service issues.
- Identify opportunities for growth and cultivate new markets, including organic growth initiatives.
Requirements and Qualifications
- Strong business writing and analytical skills.
- Energetic, self-motivated individuals who can thrive in a team environment and work autonomously.
- Expert knowledge of property and casualty insurance, including coverages, rating, terminology, and technical procedures.
- P&C license/E&S licenses required.
- Must be sales-driven, able to establish new relationships, and possess effective communication strategies and sales methods.
- A four-year college degree is preferred, with 1-3 years of relative experience in Wholesale Broker or MGA roles.
Estimated Salary: $80,000 - $120,000 per year, depending on location and experience. Novatae Risk Group offers a competitive compensation package, including generous benefits and career development opportunities.
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