Employee Benefits Producer
Employee Benefits Producer
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Job Description
Job Description
Employee Benefits Producer
Job Summary
A growing insurance agency is seeking an Employee Benefits Producer that thrives in a dynamic resultsdriven environment. In this position you will work closely with clients to understand their unique insurance needs and provide them with tailored employee benefits solutions. This position offers an exciting opportunity to work in the dynamic field of employee benefits collaborating with a diverse range of clients.
Responsibilities
- Build and nurture relationships with existing and potential clients in the employee benefits sector.
- Conduct thorough assessments of clients insurance needs and provide expert guidance on suitable employee benefits insurance plans.
- Prepare and present comprehensive insurance proposals to clients outlining coverage options costs and benefits.
- Stay updated on industry trends insurance products and competitors to offer informed recommendations.
- Skillfully negotiate terms and premiums with insurance carriers to secure the best deals for clients.
- Oversee the administration of insurance policies ensuring accurate documentation and compliance.
- Educate clients on their insurance coverage making them aware of policy details benefits and any changes.
- Meet or exceed sales targets and revenue goals set by the company.
- Adhere to industry regulations and ethical standards in insurance sales and practices.
- Collaborate with colleagues and support staff to provide excellent customer service and streamline operations.
- Ensure policy accuracy and perform rating calculations.
- Handle endorsements placement requests and invoicing efficiently.
- Prepare certificates proposals policy summaries and reviews.
- Develop and maintain strong partnerships with carriers vendors and industry associates.
- Responsible for the marketing process and quoting new and renewal business.
Qualifications /Requirements
- Excellent presentation verbal and written communication skills.
- Solid knowledge of group health and welfare benefit plan coverage.
- Understanding of current legislation rules laws and regulations related to insurance and benefits.
- Thorough knowledge of insurance products and coverage as well as health and ancillary products.
- Solid knowledge of insurance plans underwriting principles selection pricing rating and premium calculation.
- Knowledge of rating procedures coverage and industry operations to manage and maintain accounts.
- Ability to work with clients at a strategic level.
- Strong organizational skills and attention to detail.
- Holds an active Life and Health (L&H) Insurance License.
- 1 years of relevant insurance industry experience required. 3 years preferred.
- Previous experience as an Insurance Producer or in a similar insurance sales role.
- Knowledge of insurance agency operations as they pertain to sales.
- Proficiency in sales with a track record demonstrating ability to sell.
Compensation Package
- Excellent opportunities for professional growth and advancement.
- Competitive compensation: Between $70K$72K (based on experience) commission.
- Comprehensive benefits package including health dental vision 401(k) and more.
- Paid time off and company holidays.
Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.
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Employment Type
Full-Time
