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The Assistant Broker’s primary function is to support the clerical, administrative process and management of the Broker’s book of business for both renewals and new business.
Job Responsibility:
Examine application forms, inspection reports, insurance maps, and loss runs to assess risk factors such as ISO classifications, applicant financials, age, occupation, accident history, and property condition
Review company records to determine the amount of insurance in force on single or closely related risks, evaluating potential losses from catastrophes or excessive coverage
Broker risks by ensuring the completion of required documentation, obtaining necessary quotes and binders in writing, issuing policies accurately, making state filings, and ensuring taxes are paid in accordance with state laws
Secure payments on risks bound or written to maintain proper financial controls
Review, analyze, and qualify risks submitted by Producers, evaluate submissions for premium and terms, and issue indications, quotes, and binders, utilizing inspection companies when necessary
Develop and maintain carrier and brokerage relationships to place specific risks and grow a book of business
Market and meet with retail agency customers to develop and cultivate relationships, fostering new business opportunities
Understand company facilities and broker risks when needed to successfully negotiate placements, managing quote-to-bind activities and production results
Service existing business, generate new business, and prioritize tasks to effectively manage workload
Train and guide processors and assistants, reviewing submissions for accuracy and completeness, and developing their brokering skills while reducing clerical workload
Requirements:
P&C State licensed
CIC, CRIS and CPCU candidate, thorough familiarity with applicable ISO manuals, forms, rating plans, policy forms i.e., coverages, exclusions, conditions, and terms (Preferred)
Bachelor’s degree (B. A.) from four-year College or university (Preferred)
5 years insurance experience, 2 years of which is as an underwriting assistant (Preferred)
Proficient with MS Office Suite
Exceptional telephone demeanor
Experience with excess and surplus lines underwriting agency or company
What we offer:
Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
Financial Benefits: ESPP
401k
Student Loan Assistance
Tuition Reimbursement
Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more