Commercial Lines Broking Consultant

World Insurance Associates, LLC.•Woodbridge Township, NJ

6d•$88,900 - $109,800

About The Position

The Broking Consultant is responsible for providing expert advice to clients, analyzing their insurance needs, and recommending suitable coverage options. This role is responsible for broking all lines of property & casualty insurance in an effort to increase the Company’s market share in commercial businesses and organizations through an in-depth knowledge of insurance risks and markets. Will also be responsible for leading the renewal, tender and prospecting processes

Requirements

8-10+ years’ experience in Commercial Property & Casualty with a comprehensive understanding of insurance coverages
Must hold state Property & Casualty insurance license.
Project/process management discipline and follow-through
Compelling deductive reasoning skills
Substantial inter-personal skills and associate engagement expertise
Effective listening and communication skills
Collaborative nature
Action-oriented, ambitious, initiative-taker
Analytical and creative thinker
Commitment to continuous learning and development
Good understanding of complex property and casualty insurance programs, risk management, and alternative risk structures
Purposeful, results-driven, competitive, tenacious desire to win
Understands how to identify and apply corporate resources to achieve optimal outcomes for clients and prospective clients
Knowledgeable of the global insurance marketplace and keeps current with changing marketplace landscape
Strong ability to influence and negotiate with trading partner peers, and achieve optimal outcomes for clients and prospective clients
High School Diploma or equivalent experience.

Responsibilities

Perform the services of a Property and Casualty Insurance Broker for all lines of coverage
Advise and execute on the placement strategy of new and renewal P&C programs on behalf of existing and new clients in collaboration with the Client Advisor and service team.
Execute coverage placement strategy within required timeframe.
Analyze and review insurance programs for clients to determine optimum program including structure, pricing, terms and conditions for both new and renewal business.
Help with the development of new and innovative solutions for the Commercial Lines Practice
Develop, maintain, and expand strong, collaborative relationships with Trading Partners including direct insurance companies, intermediaries, and alternative risk facilities.
Aid in the development of Broking Associates and Specialists on the team, provide mentorship and guidance.
Work as a team member and collaborate with other colleagues within the team.
Execute corporate Trading Partner strategy and influence other team members to do same.
Possess knowledge of Benchmarking and Loss Analysis, facilitate delivering these resources to support client retention and new client acquisition.