Broker, Montvale

Jimcor Agencies; Montvale (NJ); Hybrid; USD 65,000 - 85,000; Full time

Benefits offered by this job

Paid Time Off Days

Paid Holidays

Hybrid Work Schedule

Retirement Plan with Employer Match

100% Single Employer Paid Medical

Education Assistance

Wellness Program Including Mental Health Support

Job summary

A leading insurance brokerage firm in Montvale, New Jersey, is seeking a dedicated professional to generate client opportunities and broker placements. The ideal candidate will leverage their insurance expertise and communication skills to develop robust client relationships and negotiate terms with brokerage carriers. We offer a competitive salary package ranging from $65k to $85k, alongside a comprehensive benefits program including paid time off, medical insurance, and an EAP.

Qualifications

• Must have Producer’s License.
• 3+ years of insurance experience.
• Familiarity with insurance brokerage activities.

Responsibilities

• Develop client relationships to generate business.
• Prepare submission documents and additional information.
• Negotiate terms and pricing with brokerage carriers.
• Conduct marketing visits to agents and industry events.

Skills

Negotiation skills

Sales skills

Analytical skills

Attention to detail

Oral and written communication

Interpersonal skills

Resourcefulness

Education

Insurance Producer's License

Industry-related courses or designation

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 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

Compensation and Benefits

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