Broker

About the role

The Role The Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker, negotiating terms and conditions of various Construction liability coverages on behalf of clients.

Responsibilities

• Manages broking responsibilities for a book of new and recurring/annual policies as well as individual project placements.
• Primary focus on Construction Casualty insurance products for contractors, owner/developers, and design professionals.
• May be required to place additional lines of coverage as applicable to client/account/project including Property, Builders Risk, Inland Marine etc.
• Leads broking communication efforts by e-mail, telephone, and written correspondence with underwriters and producers.
• Obtains and distributes information from client and/or producing office.
• Aids or may lead front end sales/RFP efforts.
• Prepares/oversees creation of proposals, submissions and quotes.
• Responsible for running and interpreting financial analytical models.
• Evaluates and develops coverage confirmation for review.
• Reviews binders for accuracy and completeness.
• Maintain and develop business relationships with producers and senior underwriting contacts.
• Maintains knowledge of insurance carriers and their business practices.
• Participates in continuing education to maintain license and industry credentials.

Qualifications

• Insurance broker’s P&C license will be required.
• Risk Management/Insurance degree preferred.
• 7-15 years of experience minimum.
• Has in-depth knowledge of the design and construction industry, and construction based casualty liability insurance products.
• Possesses casualty liability coverage expertise (GL/WC/Auto/Umb/Excess).
• Demonstrated knowledge of core insurance principles & can provide explanation to clients.
• Demonstrated excellence in negotiation skills and influence skills are critical.
• Demonstrated ability in conflict resolution and selling skills are a plus.
• Attention to detail and process orientation.
• Exposure to Excel formulas and spreadsheet creation/manipulation a plus.
• Understanding of required placement workflows.
• Self-starter/requires minimal supervision.
• Will seek guidance when needed.
• Solid presentation skills-written or oral.