Associate Broker

Burns & Wilcox

$75K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years of insurance industry experience
  • Bachelor's degree or equivalent education and experience
  • Insurance license preferred
  • Strong knowledge of coverage, terms, and pricing
  • Proficient with technology and data analysis
  • Ability to work in a stationary position for extended periods
  • Willingness to travel for client relationships

Responsibilities

  • Broker specialty Property insurance income
  • Build and maintain client and agent relationships
  • Create tailored solutions for risk placement and program development
  • Drive new and renewal business to meet production goals
  • Assess customer needs and propose appropriate protection plans
  • Access new insurance markets and negotiate favorable terms
  • Prepare submissions and obtain quotes from markets
  • Ensure compliance with underwriting guidelines and corporate policies
  • Assist in achieving assigned production targets
  • Collaborate with management on sales and marketing strategies

Benefits

  • Employer-paid continuing education at Kaufman Institute
  • Comprehensive health insurance (medical, vision, dental)
  • 401K plan with employer matching
  • Generous paid time off including vacation and sick days
  • Flexible work arrangements including hybrid options
  • Access to wellness programs through Kaufman Wellness Program
Full Job Description

 

The Associate Broker will support Brokers with all job functions to learn the industry, business, and job responsibilities necessary for future growth as a Broker. Serving as in intermediary between the Retailer and the Insurance Company, they market, identify, solicit, and arrange appropriate insurance coverage for clients. The Associate Broker will drive new business to assist Brokers in meeting or exceeding production goals, as well as build strong, positive relationships to increase the reputation of Burns & Wilcox.

 

Responsibilities
  • Produce income by brokering specialty Property lines of insurance
  • Cultivate and maintain excellent client and agent relationships
  • Develop solutions for individual risk placement as well as program business development
  • Promote new business and/or renewal business to achieve production and market criteria
  • Evaluate business or individual customers’ needs and financial status and propose protection plans that meet their standards
  • Seek opportunities to access new insurance markets and products, negotiating the best terms and coverages available
  • Prepare submissions for markets and secure quotes
  • Supervise execution of company underwriting guidelines, corporate policy and procedures, and compliance with contract terms
  • Assist broker with meeting or exceeding production goals as assigned by BWB
  • Define and monitor successful sales and marketing strategies in cooperation with senior management
Qualifications

Qualifications:

  • 2+ years of experience in the insurance industry
  • Bachelor’s degree or equivalent combination of education and experience
  • Insurance license is preferred
  • Solid coverage, terms, conditions, and pricing knowledge, plus current knowledge of market and industry issues
  • Technologically savvy and data driven
  • Ability to perform tasks in a stationary position throughout working hours
  • Travel when necessary in order to foster strong client relationships

 

 

Benefits

  • Competitive base compensation ranging from $75-95k plus highly lucrative incentive bonus plan
  • Employer paid continuing education courses and designations via access to Kaufman Institute
  • Health and welfare benefits including medical, vision and dental
  • 401K with employer match
  • Paid vacation, sick time, and holidays
  • Access to Kaufman Wellness Program
  • Flexible and hybrid work options

 

 

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