Associate Broker, Commercial Insurance (Hybrid NY, CT, MA)
NFP, an Aon company · Albany, NY · 1 wk ago
On-siteFinance$75k–$90k/yrFull-time
Posting Description Who We Are NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com. Summary: The Associate Broker will provide support to broking team members and give recommendations, problem solving, and solution development for prospects and clients. With direction from senior team members, they will develop a comprehensive understanding of prospect and client risk profiles and exposures, and act to cultivate and maximize insurance market interest leading to the development of effective risk financing and risk transfer solutions. This role focuses on tailoring required coverage, terms and conditions, and developing the appropriate program architecture and design. The Associate Broker will require supervision and direction from more senior team members. This is a full-time, hybrid position requiring three days per week in the office. Candidates may be based out of any of the following locations: Albany, Rochester (Pittsford), Williamsville (Buffalo), White Plains, NY, or Boston, MA. To support hybrid work, candidates must have access to a reliable, private workspace free from interruptions, as well as a stable high-speed internet connection. Essential Duties And Responsibilities Begin to participate in the analysis of clients’ or prospects’ existing programs and ensure requirements. Review current policies and formulate recommendations for customized risk solutionsWork with senior team members to effectively negotiate with insurance carriers; drives financial and non-financial outcomes that support organic revenue development and retention. Seize upon opportunities to creatively upsell and cross-sell, leading to greater client product density and expanded account marginLearn NFP’s service model standards and timelines to ensure placements are handled accordinglySupport the team in developing client/prospect diagnostics – working at the direction of the Broker or Senior Broker to complete a total program assessment, including total cost of risk, service deliverables, and opportunities for multi-faceted program improvementAssist in timely production of required documentation and follow-up, ensuring timely flow of materialsAssist team members with proposal development for existing and prospective clientsRespond to client queries and concerns to resolve issues promptlyReview binders and policies to ensure terms and conditions are accurately reflectedAttend client meetings with team; leading to refined and enhanced client communication and presentation skillsSupport the deployment of data and analytics to provide program insights for clients and the broking teamBegin to develop productive business relationships with key insurance underwriters and local NFP account teamsExecute on NFP’s broking strategies, including strategic carriers, panels, and preferred wholesaler utilizationDevelop and maintain a thorough knowledge of the insurance marketplace, and the various lines, products and services offered by various insurersEnsure client, broking and brokerage data files are maintained in a complete, organized and timely fashion Knowledge, Skills, And/or Abilities Strong written and verbal communication skillsAbility to successfully interact with a variety of peopleSolid negotiation skills – ability to adjust approach to effectively drive optimal outcomes depending on different personalitiesProven ability to work independently and as part of a teamStrong attention to detail, demonstrating reliability and accuracyStrong organizational skills with the ability to adjust to changing workload and prioritiesAble to coordinate resources and responsibilitiesSelf-motivated with positive attitudeDetail-oriented with strong analytical skills, both quantitative and qualitativeProven knowledge using Microsoft Office SuiteExperience with Epic (agency management system) a plus Education And/or Experience Bachelor’s degree or equivalent requiredSolid understanding of carrier underwriting practices and processes preferred Certificates, Licenses, Registration P&C License required or obtained within 90 days of employmentAdvanced industry designation(s) (e.g. CPCU, CIC, ARM) a plus What We Offer We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others. The base salary range for this position is $75,000 – $90,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. NFP and You... Better Together! NFP is an inclusive Equal Employment Opportunity employer. #NFP 2586289