Commercial Lines Broking Associate

Job Description

Commercial Lines Broking Associate Consolidations - Select

Job Summary

Seeking a dedicated and skilled Commercial Lines Broking Associate to join a Consolidations this role you will leverage your expertise to influence and negotiate with trading partners ensuring optimal outcomes for clients and prospective clients. You will work closely with senior staff to coordinate consolidation activities for new and renewal business supporting business retention and production goals. This position requires a strong understanding of commercial property and casualty insurance as well as the ability to build and maintain relationships with clients carrier representatives and internal associates.

Compensation Package

• Base Salary Range: $53500 - $66100 (depending on experience qualifications and business needs)
• Benefits: Competitive benefits package and variable pay programs

Responsibilities

• Collaborate with Client Advisors and Account Managers to develop and execute consolidation strategies.
• Lead competitive coverage consolidation processes demonstrating strong negotiation skills to achieve cost coverage and capacity targets.
• Build and maintain productive relationships with underwriters at key trading partners.
• Participate in program design and placement strategy meetings with senior staff client advisors and account executives.
• Promote the use of strategic trading partners to ensure secure and dependable relationships.
• Work with National Placement resources to address clients comprehensive coverage needs.
• Assist senior staff with larger more complex placements as needed.
• Prepare and review insurance program designs submissions and applications for underwriting.
• Negotiate best-in-class coverage terms conditions capacity and cost with trading partners.
• Prepare coverage comparisons based on quotations and proposals from underwriters.
• Stay informed about market trends pricing practices and underwriting policies.
• Adhere to authorized workflows and standard operating procedures to maintain consistency across the organization.

Qualifications/Requirements

Work Experience

• Minimum of 2 years of experience in Commercial Property and Casualty insurance.

Professional Licenses/Certifications

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

Essential Skills/Competencies

• Strong project and process management skills with excellent follow-through.
• Effective communication listening and interpersonal skills.
• Ability to influence and negotiate with trading partners to achieve optimal outcomes.
• Analytical and creative problem-solving abilities.
• Commitment to continuous learning and professional development.
• Knowledge of standard property and casualty insurance programs.
• Familiarity with the insurance marketplace including small commercial and middle-market account segments standard property and casualty products and the Excess and Surplus Lines marketplace.

Education

• Bachelors degree from an accredited institution or equivalent professional designation.

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