Commercial Lines Broking Specialist Iselin, NJ

SUMMARY

World Insurance Associates is a unique insurance organization offering top products and services from major providers combined with attentive service from local agents.

Founded in 2011 World is one of the fastest-growing insurance brokers in the U.S. with over 2200 employees in over 260 offices across North America. We specialize in personal and commercial insurance lines surety and bonding employee benefits financial and retirement services and human capital management solutions.

Our rapid growth and market leading presence has created opportunities throughout the state and we offer top talent the choice to work from one of our multiple offices throughout the region.

POSITION OVERVIEW

Strong ability to influence and negotiate with trading partner to achieve optimal outcomes for clients and prospective clients. Work under the direction of senior staff to coordinate placement activities on new and renewal business in support of business retention and production goals. Be knowledgeable of applicable coverages carrier guidelines alternative funding arrangements underwriting and legislative changes. Build and grow relationships with clients carrier representatives and fellow World associates.

WORK EXPERIENCE/JOB QUALIFICATIONS

• 1 years industry experience in commercial insurance brokerage placement carrier underwriting and carrier relationship management role; or in combination
• Complete and thorough understanding of national insurance brokersales service and placement process
• Active property and casualty insurance license or the ability to obtain a license within 90 days

RESPONSIBILITIES

Comprehensive understanding of Worlds scope of expertise structure distribution strategy and value proposition

Broad and diverse knowledge of the global insurance industry marketplace including:

• Small Commercial and Middle Market account segments
• Standard property and casualty products
• Excess and Surplus Lines marketplace and how to access
• Commercial Insurance program designs
• Coordinate placement strategy with World Client Advisers and Account Executives to achieve optimal outcomes for clients and prospective clients
• Lead a competitive coverage placement process and demonstrate strong negotiation skills to achieve appropriate cost coverage and capacity targets for clients and prospective clients
• Maintain productive and responsive relationships with underwriters at Worlds key Trading Partners
• Participate as requested by senior staff in program design and placement strategy meetings with client advisors and account executives
• Promote utilization of strategic Trading Partners critical to maintaining secure and dependable relationships for World to generate optimal outcomes for clients and prospective clients
• Collaborate with National Placement resources as necessary to ensure clients and prospective clients coverage needs are comprehensively addressed
• Support senior staff in larger more complex placements as requested
• Recommend commercial insurance program designs to the Client Advisor and/or Account Executive after review with senior staff
• Assist with the preparation of submissions and applications required by the underwriting community
• Direct submissions to the appropriate trading partners and negotiate best in class coverage terms conditions capacity and cost
• Prepare coverage comparisons based upon quotations and proposals received from underwriters
• Serve as secondary internal source of information concerning market trends pricing practices and other underwriting policies
• Maintain focus on World-authorized workflow and standard operating procedures to support consistency across the World enterprise

ESSENTIAL SKILLS/COMPETENCIES

• 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
• Basic understanding of standard property and casualty insurance programs
• Purposeful results-driven competitive tenacious desire to win
• Knowledgeable of the insurance marketplace and keeps current with marketplace changes
• Strong ability to influence and negotiate with trading partner peers and achieve optimal outcomes for clients and prospective clients

COMPUTER SOFTWARE SKILLS

• Proficient in all Microsoft office products
• Mid-level expertise with excel

PROFESSIONAL LICENSES/CERTIFICATIONS

• Preferred insurance designation such as ARM or CPCU
• Licensed Property & Casualty insurance producer in resident state

EDUCATION

• 4-year college degree from an accredited institution or equivalent professional designation

EQUAL EMPLOYMENT OPPORTUNITY

At World Insurance Associates (WIA) we celebrate and support our differences. We know employing a team rich in diverse thoughts experiences and opinions allows our employees our products and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race color ancestry religion sex national orientation age citizenship marital status disability gender identity sexual orientation or Veteran addition WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability unless the accommodation would impose an undue hardship on the operation of our business.

Compensation
This position is located in New Jersey. The base salary for this position at the time of this posting may range from $120000 to $140000. Individual compensation varies based on job-related factors including business needs experience level of responsibility and qualifications. We offer a competitive benefits package and variable pay programs please visit more details.

TO EXECUTIVE SEARCH FIRMS AND STAFFING AGENCIES:
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Worlds property and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Worlds Human Resources Talent Department.



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