Business Insurance Advisor

ООО «ХАГЕМАЕР ГРУПП»; Honolulu (HI); On-site; USD 68,000 - 126,000; Full time

Benefits offered by this job

Health benefits

Tuition assistance

401(k) plan

Employee assistance program

Job summary

ООО «ХАГЕМАЕР ГРУПП» seeks an experienced sales professional in the Business Insurance unit to develop new business, manage client relationships, and coordinate renewals with underwriters. You will analyze client exposure, negotiate coverage terms, and contribute to education materials for clients.

Ideal candidates have a bachelor's degree in business administration and a Property & Casualty license (CA). Proficiency in MS Office and strong communication skills are required.

Qualifications

• Bachelor's degree preferred in business administration/finance.
• Knowledge of the Business Insurance marketplace and property/liability products.

Responsibilities

• Develop new business and achieve sales goals with leadership alignment.
• Research prospective clients and evaluate financials, operations and industry challenges.
• Assess viability of opportunities by reviewing broker relationships and coverage needs.
• Prepare written prospect reports and renewal proposals.
• Negotiate price and coverage features with underwriters on behalf of clients.
• Advise clients on current coverage and coordinate meetings with underwriters.
• Maintain accurate client files and assist with renewals and service.

Skills

Sales prospecting

Client relationship

Negotiation

Insurance knowledge

MS Office

Education

Bachelor's degree in Business Administration

Property & Casualty License (CA)

Tools

MS Office

Job description

Essential Duties & Responsibilities

• Develop new business to achieve sales goals as agreed upon by the Client Advisor and the Director of Sales.
• Research prospective clients to assess exposure by evaluating financials, operations, industry challenges and other determinative factors.
• Become proficient at assessing viability of new business opportunities, through investigation of their current broker relationship, services received through their current broker, coverage sufficiency and any value added services we may be able to provide.
• Provide written prospect reports summarizing findings.
• Attend industry specific seminars, workshops, and other networking events to develop contacts and relationships which may lead to niche market opportunities.
• Develop and adhere to a disciplined sales strategy in conjunction with Managing Director and overall strategy of the Business Insurance unit.
• Provide the Director of Sales with monthly Business Production status reports on revenue and new business pipeline.
• Achieve renewal business goals as agreed upon by the individual and the Director of Sales through management of the renewal process and ongoing client service.
• Negotiate price and key coverage features with underwriter on behalf of the client.
• Educate client regarding current coverage.
• Create and present renewal proposal to client, including coverage offers for exposures not currently insured.
• Act as the point of contact between the underwriter and the client, coordinate underwriter meetings to ensure all underwriter requirements are fulfilled and concerns addressed.
• Assist client with claims advocacy as necessary.
• Develop strong relationships with client senior management and insurance carriers.
• Support the maintenance of the agency management systems (i.e., ImageRight, AgencyInsight, etc.).
• Establish and maintain organized, accurate client files with appropriate documentation of client issues.
• Attend Departmental and Sales meetings as required.
• Assist with account rounding and developing educational and sales tools within the Business Insurance Department.
• Assist with external educational materials, for clients and centers of influence. This may include creating articles, presentations, seminar material, white papers, etcManage/collect receivables in conjunction with Client Associate/Manager.
• Coordinate activities and service deliverables for clients.
• Review and deliver summary, proposals and policies.
• Complete and/or Update EAW's annually on all accounts (Exposure Analysis Worksheets).
• Coordinate delivery of binders and invoices.
• Manage all facets of new Client renewal process.
• Orchestrate new and renewal strategy meetings.
• Gather underwriting information.
• Oversee process of preparing and updating underwriting specifications.
• Coordinate coverage placement through instructions provided to Marketing and Client Administrator, review and deliver binders, invoices, etc.
• Prepare all orders and instructions to Client Administrator (Ex: Coverage Binding Checklists & Subjectivities).
• Manage expiration lists.

Education and/or Experience

• Must have the verbal, quantitative and interpersonal skills normally acquired through the completion of a Bachelor's degree, preferably in business administration with finance concentration.
• Must have a comprehensive and up-to-date knowledge of the Business Insurance marketplace and a broad understanding of property and liability insurance products.
• Obtain and maintain a valid unrestricted Property & Casualty Solicitor's License for the State of California, a valid California's driver's license and a dependable car. Meet all continuing education requirements for licensing.
• Proficient in the use of MS Office software (Outlook, Word and Excel) and the Internet.
• Exceptional verbal and written communication skills required as well as ability to independently manage time and prioritize. Must be well organized, dependable and team oriented.
• Must be enrolled in MMA PEP Program, working to achieve a new designation approved by the Director of Sales.

Work Environment & Physical Demands

• 15% - 30% travel may be required. Trips ranging from one day to one week, both in and out of state.
• Extended work hours (10 - 12 hrs/day) required on occasion due to attend and participate at networking and industry functions that begin well before the workday, and may extend well into the evening.
• Office environment, except during periods of travel.

The applicable base salary range for this role is $67,500 to $125,800. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.