Associate Broker - Casualty

About the role

Working with the guidance and direction of the Senior Broker, the Associate Broker oversees day-to-day Casualty placement and broking responsibilities for North American accounts, including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports for distribution, assists regional teams with RFP and new business proposal development, and performs other duties as assigned.

Major Accountabilities

• Provide critical support to the broking team that manages brokerage responsibilities for a book of new and recurring annual policies
• Run and interpret analytical models
• Participate in broking communication efforts by email, telephone, and written correspondence with underwriters and colleagues
• Assist with or lead front-end sales/RFP efforts
• Obtain and distribute information from client and/or producing office
• Evaluate and develop coverage information for review
• Prepare draft submission documents and finalize submissions for delivery
• Review quotes against specifications and develop side-by side comparisons
• Prepare program proposals
• Review binders for accuracy and completeness against quotes and complete file reviews
• Develop and maintain business relationships with sales and broking colleagues and carrier underwriting contacts
• Maintain knowledge of insurance industry market intelligence and carrier appetites
• Participate in continuing education to maintain license and industry credentials
• Record and maintain all information accurately on the appropriate systems
• Ensure that quality and compliance procedures and processes are adhered to

Qualifications

• Insurance broker’s P&C license will be required. Can be obtained within 90 days post hire
• High School Diploma required; Bachelor’s Degree preferred
• 2–4 years industry experience preferred
• Attention to detail and process orientation
• Exposure to Excel formulas and spreadsheet creation/manipulation required
• Demonstrated knowledge of core insurance principles & the ability to provide an explanation to clients
• Demonstrated competence in negotiation skills
• Demonstrated ability in conflict resolution
• Demonstrated client service focus
• Understanding of required placement workflows
• Self-starter/requires minimal supervision
• Will seek guidance when needed
• Solid presentation skills – written or oral
• Ability to deal with challenging client situations
• Demonstrated knowledge of insurance program structures

Compensation

The base salary compensation range being offered for this role is $50,000.00–$75,000.00 USD annually. This role is also eligible for an annual short-term incentive bonus.

Company Benefits

• Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (only included for Washington roles)
• Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.