Broker, Boston

Jimcor Agency Inc.; Hopkinton (MA); Hybrid; USD 90,000 - 140,000; Full time

Benefits offered by this job

Salary + benefits package

Hybrid work schedule

PTO and holidays

Job summary

Jimcor Agency Inc. in Hopkinton, MA seeks a skilled insurance professional focused on generating opportunities, managing client relationships, and placing business with carriers suitable to their coverage specialty.

You will market risks, prepare quotations, negotiate terms, and mentor staff as needed, with a strong sense of urgency and a commitment to accuracy. Hybrid work schedule included; comprehensive benefits offered.

Qualifications

• Must have a Producer's License and active working credentials.
• Minimum 3+ years of insurance experience and brokerage exposure.
• Familiarity with insurance coverage forms and underwriting practices.
• Strong negotiation and sales capabilities with agents and clients.
• Solid written and oral communication, attention to detail, and urgency.

Responsibilities

• Develop client relationships to generate submissions and new business.
• Review submissions and compile loss pics, risk summaries, and narratives.
• Market risks to insurers and negotiate terms and pricing.
• Provide quotations and respond to inquiries from agents and clients.
• Assist with renewals, remarketing, and endorsements as needed.
• Visit agents and participate in industry events to source opportunities.
• Collaborate with staff and underwriters to ensure timely, accurate work.

Skills

Producer's License

Insurance experience

Brokerage experience

Negotiation skills

Sales skills

Analytical skills

Communication skills

Independence

Underwriting knowledge

Computers

Interpersonal skills

Education

Insurance coursework or designation

Tools

Computers

Job description

Job Summary:

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 manor 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.
• Associated classes or courses and/or industry license, or designation.We offer a total compensation package which includes salary plus a full comprehensivebenefits 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.

Visit Us On LinkedIn: https://www.linkedin.com/company/jimcor-agencies/

View All Openings: https://www.jimcor.com/join-our-team

Website: www.jimcor.com