Wholesale Insurance Business Development Professional
3 days ago
We are seeking a highly skilled and experienced Wholesale Insurance Account Executive to join our dynamic team at USG Insurance Services, Inc. This role is ideal for individuals who possess excellent sales and account management skills, with a strong understanding of the wholesale insurance industry.
The successful candidate will be responsible for driving new and renewal business, negotiating terms with underwriters, selecting appropriate carriers, and managing account submissions. Additionally, they will provide guidance to the team, manage communications with producers and companies, and maintain strong relationships with agents and colleagues.
Key Responsibilities:
- Drive new and renewal business to meet production and market goals with minimal supervision
- Negotiate terms with underwriters, including pricing, deductibles, enhancements, and exclusions
- Select appropriate carriers for account submissions
- Provide quotations for new business, renewals, and endorsements, managing all company correspondence efficiently
- Handle new business processes, including transferring applications to USG, issuing binders and invoices, and verifying policy coverages
- Manage renewal business tasks, such as locating files, preparing emails or preliminary submission information, issuing binders and invoices, and ensuring accuracy of policy coverages
- Process cancellation and endorsement requests, including issuing binders and invoices and verifying policy coverages
- Provide guidance and supervision to the team as requested by the Broker
- Manage incoming calls from producers and companies
- Foster strong working relationships with current agents and colleagues
- Stay updated on industry trends and sales strategies through workshops, seminars, literature, and continuing education
Requirements:
- 3-5 years of experience in property and casualty insurance
- Proven experience in account management and marketing
- Current Property & Casualty (P&C) License is mandatory
- Ability to independently review information, make decisions, and manage time effectively with minimal supervision
- Strong verbal, written, and presentation skills
- Effective in sales, customer service, and team building
- Proficient in basic computer applications, including Microsoft Office
- Willingness to travel occasionally, including overnight trips
Compensation Package:
The estimated salary for this position is $65,000 - $85,000 per year, depending on experience. In addition to a competitive salary, we offer a comprehensive benefits package, including medical, dental, vision, life insurance, 401K retirement plan, flexible spending account, dependent care, tuition reimbursement, producer savings bonus plan, a week of hands-on training, access to 24/7 virtual training, outstanding holiday schedule, and generous paid time off.
About USG Insurance Services, Inc.
USG Insurance Services, Inc. is a distinguished national wholesale broker and managing general agent (MGA) with a prominent presence across the nation. We take pride in our commitment to fostering a collaborative and mentoring-focused environment, where every team member feels comfortable and confident in their role.
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