Broker, Boston

Jimcor Agencies; Hopkinton (MA); Hybrid; USD 1 - 2; Full time

Benefits offered by this job

Paid Time Off Days

Paid Holidays

Retirement Plan with Employer Match

100% Single Employer Paid Medical

Dental, Vision, Life Insurance

Education Assistance

Wellness Program Including Mental Health Support

Employee Assistance Program (EAP)

Job summary

A leading insurance brokerage firm in Hopkinton seeks an experienced professional adept at developing client relationships and negotiating terms with brokerage carriers. Responsibilities include reviewing submissions, providing risk analysis, and preparing quotations. Candidates should have a Producer's License and at least 3 years of insurance experience, complemented by strong analytical and communication skills. This role offers a comprehensive compensation package, including a hybrid work schedule and various benefits.

Qualifications

• Must possess a Producer’s License.
• Over 3 years of insurance experience required.
• Familiarity with brokerage activities preferred.
• Strong oral and written communications skills.
• High sense of urgency and sales ability.
• Technical knowledge of insurance coverage forms and their application.

Responsibilities

• Develop client relationships to generate business opportunities.
• Review and prepare submission documents for clients.
• Negotiate terms and pricing with brokerage carriers.
• Provide comparisons and illustrations to support client presentations.
• Prepare quotations for agents and answer inquiries from agents, policyholders or prospects.
• Review requests for cancellation, endorsements and renewal considerations.
• Conduct marketing visits to agents and attend industry events.
• Work with support associates to ensure timely, accurate processing.

Skills

Negotiation skills

Analytical skills

Oral and written communication

Attention to details

Interpersonal skills

Education

Producer’s License

Insurance-related courses or designation

Tools

Automated systems

Job description

This position is focused on generating opportunities, client relationships and brokerage placements of their area of coverage specialty. 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 telephone, e-mail, in-person visits, networking and regular mail.

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 agents and answers inquiries from agents, 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 agents 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.
• Prior exposure to insurance brokerage type activities.
• 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.
• Associated classes or courses and/or industry license, or designation.

We offer a total compensation package which includes salary plus a full comprehensive benefits package. Package includes Paid Time Off Days, Paid Holidays, Hybrid Work Schedule, Retirement Plan with Employer Match, 100% Single Employer Paid Medical, Dental, Vision, Life Insurance, Education Assistance, Various Voluntary Benefits, Wellness Program Including Mental Health Support and an Employee Assistance Program (EAP) and More.