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 & 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 innovation 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, providing 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 the same.
- Possess knowledge of Benchmarking and Loss Analysis, facilitating delivery of these resources to support client retention and new client acquisition.
Work Experience - 8-10+ years' experience in Commercial Property & Casualty with a comprehensive understanding of insurance coverages
Professional Licenses/Certifications - Must hold state Property & Casualty insurance license
Essential Skills/Competencies - Must hold state Property & Casualty insurance license
- 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 - High School Diploma or equivalent experience.
CompensationThis position is located in New York. The base salary for this position at the time of this posting may range from $90,700 to $112,100. Individual compensation varies based on job-related factors, including business needs, experience, level of responsibility, and qualifications. We offer a competitive benefits package and variable pay programs, please visit https://www.worldinsurance.com/careers for more details.
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.
To Executive Search Firms and Staffing AgenciesWorld does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered World's property, and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting World's Human Resources Talent Department.
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