Insurance Agent

About the role

This position has a base pay of $70,304.00 plus monthly commission.

Responsibilities

• Provides excellent service to Members seeking information on insurance products offered through SchoolsFirst Insurance Services.
• Secures new policies providing the most favorable coverage, cost, and terms for Property and Casualty insurance products for our Members.
• Maintains and updates policies in relation to securing new policies.
• Serves prospective Members, through various service channels, including, but not limited to phone, in-person, or digitally, to discuss each Member’s personal lines insurance needs and financial information.
• Analyzes information collected from current and prospective Members and compare and evaluate possible insurance products to develop individualized advice and strategies for each Member based upon each Member’s insurance and financial status, risk tolerance, and objectives to ensure Member’s needs are adequately protected.
• Provides individualized advice and recommendations to Members on the purchase of insurance products while ensuring consistent, accurate, timely, and pertinent communication.
• Prepares quotes for Members and determines best options available.
• Works directly with insurance carriers as a Member advocate, which may involve premium cost discussions as well as getting the carrier to agree to write the policy, despite various risks which may be present.
• Processes changes/endorsements which include, but not limited to, address changes, addition and deletion of vehicles and drivers, mortgage changes, coverage changes in relation to securing new policies.
• Follows up with carriers to make sure changes/endorsements are processed timely and accurately.
• Addresses insurance company memos such as requests for exclusion forms, employment information, undeliverable mail, inquiries of potential household members.
• Submits complete and accurate applications to underwriting or to process endorsements, which includes: Ordering and reviewing reports including Motor Vehicle Report (MVR), Comprehensive Loss Underwriting Exchange (CLUE), Riskmeter, Earthquake and Flood zones to determine which company to write policy with; Process replacement cost calculation; Explain process and complete application and payment options.
• Binds coverage; Issues evidence of property insurance to escrow and invoices for insurance premium; Issues SR fillings; Quotes, processes and submits endorsements.
• Handles day-to-day administrative functions including Member service follow up.
• Provides consultative services to Members regarding credit union products and services by assessing the Member's needs, addressing their concerns and gaining agreement.
• Ensures comprehensive underwriting guidelines are met on products and services offered through Insurance Services.
• Updates the team and frontline on relevant changes to insurance products.
• Works closely with Members to provide solutions for their ongoing insurance needs, which may include processing policy changes and responding to Member inquiries regarding existing insurance accounts in relation to securing new policies.

Qualifications

• A High School Diploma or GED is required.
• A Bachelor's Degree in a related field or equivalent years of experience is required.
• 3-5 years of prior relevant experience is required.
• A Personal Lines Insurance License or Property & Casualty Insurance License is required.

Skills and Abilities

• Well-versed in all areas of personal insurance including auto, homeowners and related property coverages, personal umbrella liability, and other personal-lines insurance.

Benefits

Includes a base pay of $70,304.00 plus monthly commission.

Pay

$70,304.00 base pay plus monthly commission.

Schedule

Scheduled Weekly Hours 40