Broker, Montvale

Jimcor Agency Inc.; Montvale (NJ); Hybrid; USD 65,000 - 85,000; Full time

Benefits offered by this job

Hybrid Work Schedule

Full benefits package

Retirement plan with employer match

Medical, Dental, Vision, LifeInsurance

Education Assistance

Wellness program including mental健康 (E

Employee Assistance Program (EAP)

Job summary

Jimcor Agency Inc. seeks an experienced insurance professional focused on generating opportunities, client relationships and brokerage placements within their coverage area.

The role negotiates terms with markets, prepares quotations, and supports agents with renewals and remarketing. You will market risks, review submissions, and interact with clients via phone, email, and meetings while leveraging carrier relationships to secure favorable terms.

Qualifications

• Must have Producer’s License.
• 3 plus years of insurance experience.
• Exposure to insurance brokerage activities.
• Basic familiarity with computers.
• Good oral and written communications skills.
• Strong analytical skills and attention to detail.
• High sense of urgency.
• Negotiation and sales skills.

Responsibilities

• Develop client relationships to generate submission opportunities and a regular flow of business.
• Review submission documents and prepare additional information for quotes.
• Market the risk to markets, negotiate terms and pricing.
• Provide comparisons and illustrations to support client presentations.
• Utilize insurance systems to develop information for new or renewal policies.
• Prepare quotations for agents and respond to inquiries from agents, policyholders, or prospects.
• Review requests for cancellation, endorsements, etc.
• Review policies for renewal and remarketing.
• Request documentation needed for applications or cancellations.
• Conduct marketing visits to agents and attend industry events.
• Collaborate with support staff to ensure timely, accurate work and mentor teammates.

Skills

Communication

Negotiation

Sales

Analytical

Education

Producer’s License

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.
  We offer a total compensation package which includes salary (range 65k-85k) 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