World Insurance Associates

Broking Consultant

World Insurance Associates$90K — $110K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8-10+ years' experience in Commercial Property & Casualty insurance
  • Must hold state Property & Casualty insurance license
  • Strong project and process management discipline
  • Excellent communication and interpersonal skills
  • Analytical and creative thinking abilities

Responsibilities

  • Perform broking services for all property and casualty coverage lines
  • Advise on new and renewal placement strategies
  • Analyze insurance programs for optimal structuring
  • Develop new solutions for the Commercial Lines Practice
  • Nurture relationships with trading partners and insurance companies
  • Mentor and guide team members in their development
  • Collaborate with colleagues on corporate strategies

Benefits

  • Remote work option available
  • Dynamic team environment
  • Opportunities for continuous learning and development
  • Mentoring and career growth possibilities
  • Exposure to a wide range of insurance markets and innovative practices
Full Job Description
Description

Position Summary
The Broking Consultant is responsible for providing expert advice to clients, analyzing their insurance needs, and recommending suitable coverage options. This role is responsible for broking all lines of property & casualty insurance in an effort to increase the Company's market share in commercial businesses and organizations through an in-depth knowledge of insurance risks and markets. Will also be responsible for leading the renewal, tender and prospecting processes

Primary Responsibilities
  • Perform the services of a Property and Casualty Insurance Broker for all lines of coverage
  • Advise and execute on the placement strategy of new and renewal P&C programs on behalf of existing and new clients in collaboration with the Client Advisor and service team.
  • Execute coverage placement strategy within required timeframe.
  • Analyze and review insurance programs for clients to determine optimum program including structure, pricing, terms and conditions for both new and renewal business.
  • Help with the development of new and innovative solutions for the Commercial Lines Practice
  • Develop, maintain, and expand strong, collaborative relationships with Trading Partners including direct insurance companies, intermediaries, and alternative risk facilities.
  • Aid in the development of Broking Associates and Specialists on the team, provide mentorship and guidance.
  • Work as a team member and collaborate with other colleagues within the team.
  • Execute corporate Trading Partner strategy and influence other team members to do same.
  • Possess knowledge of Benchmarking and Loss Analysis, facilitate delivering these resources to support client retention and new client acquisition.


Position Specific Skills/Qualifications
Work Experience
Required
  • 8-10+ years' experience in Commercial Property & Casualty with a comprehensive understanding of insurance coverages


Professional Licenses/Certifications
Required
  • Must hold state Property & Casualty insurance license.


Essential Skills/Competencies
  • Project/process management discipline and follow-through
  • Compelling deductive reasoning skills
  • Substantial inter-personal skills and associate engagement expertise
  • Effective listening and communication skills
  • Collaborative nature
  • Action-oriented, ambitious, initiative-taker
  • Analytical and creative thinker
  • Commitment to continuous learning and development
  • Good understanding of complex property and casualty insurance programs, risk management, and alternative risk structures
  • Purposeful, results-driven, competitive, tenacious desire to win
  • Understands how to identify and apply corporate resources to achieve optimal outcomes for clients and prospective clients
  • Knowledgeable of the global insurance marketplace and keeps current with changing marketplace landscape
  • Strong ability to influence and negotiate with trading partner peers, and achieve optimal outcomes for clients and prospective clients

Education
Required
  • High School Diploma or equivalent experience.

Physical Demands & Working Conditions
Office work involves working at a desk most of the time, using a stand-up/sit-down adjustable desk. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects. Typing, grasping, and repetitive motion typically is required every day, and walking and standing are required occasionally.

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About World Insurance Associates

World Insurance Associates is a leading independent insurance agency that provides a wide range of insurance products and services to businesses and individuals. The company offers a variety of insurance options, including property and casualty, employee benefits, and personal insurance. World Insurance Associates has been in business for over 50 years and has built a reputation for quality, innovation, and customer service. The company is committed to providing personalized service and tailoring insurance solutions to meet the unique needs of each client. World Insurance Associates is headquartered in Toms River, New Jersey and has offices across the United States.
Learn more about World Insurance Associates
Size
200 employees
Industry

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