Commercial Lines Broking Associate, Consolidations Select
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Job Location:
Iselin, NJ - USA
Monthly Salary:
$ 53500 - 66100
Posted on:
3 days ago
Vacancies:
1 Vacancy
Job Summary
Company Overview
World Insurance Associates (World) is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes modernize their benefits programs and help them achieve their long-term financial goals.
Founded in 2011 World is one of the fastest-growing Top 25 insurance brokers in the U.S. with nearly 3000 employees in more than 300 offices across North America and the U.K. World specializes in personal and commercial insurance surety and fidelity bonding employee and executive benefits investment advisory and retirement plan services and payroll & HR solutions.
Position Summary
The Consolidations Broking Associate has a strong ability to influence and negotiate with trading partners to achieve optimal outcomes for clients and prospective position works under the direction of senior staff to coordinate consolidation activities on new and renewal business in support of business retention and production goals. The Consolidations Broking Associate will be knowledgeable of applicable coverages carrier guidelines alternative funding arrangements underwriting and legislative changes and will build and grow relationships with clients carrier representatives and fellow World associates.
Primary ResponsibilitiesWork ExperienceProfessional Licenses/Certifications
Essential Skills/Competencies
EducationCompensation
This position is located in New Jersey. The base salary for this position at the time of this posting may range from $53500 to $66100. 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.
Physical Demands & Working Conditions
Office work involves working at a desk most of the time using a stand-up/sit-down adjustable desk. Exerting up to 10 pounds of force occasionally and/or negligible amount of forcefrequentlyto lift carry push pull or otherwise move objects. Typing grasping and repetitive motion typically isrequiredevery day and walking and standing arerequiredoccasionally.
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 equalopportunityworkplace. 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 accommodationsto knownphysical or mental limitations of an otherwise qualified applicant or employee with a disability unless the accommodationwould imposean undue hardship on the operation of our business.
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.
#LI-MA1
World Insurance Associates (World) is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes modernize their benefits programs and help them achieve their long-term financial goals.
Founded in 2011 World is one of the fastest-growing Top 25 insurance brokers in the U.S. with nearly 3000 employees in more than 300 offices across North America and the U.K. World specializes in personal and commercial insurance surety and fidelity bonding employee and executive benefits investment advisory and retirement plan services and payroll & HR solutions.
Position Summary
The Consolidations Broking Associate has a strong ability to influence and negotiate with trading partners to achieve optimal outcomes for clients and prospective position works under the direction of senior staff to coordinate consolidation activities on new and renewal business in support of business retention and production goals. The Consolidations Broking Associate will be knowledgeable of applicable coverages carrier guidelines alternative funding arrangements underwriting and legislative changes and will build and grow relationships with clients carrier representatives and fellow World associates.
Primary Responsibilities
- Coordinate consolidation strategy with World Client Advisors and Account Managers to achieve optimal outcomes for clients and prospective clients
- Lead a competitive coverage consolidation 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 Manager 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
- 2 years experience in Commercial Property and Casualty
- Licensed Property & Casualty insurance producer in resident state
- Preferred insurance designation such as ARM or CPCU
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
- 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
Education
- 4-year college degree from an accredited institution or equivalent professional designation
This position is located in New Jersey. The base salary for this position at the time of this posting may range from $53500 to $66100. 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.
Physical Demands & Working Conditions
Office work involves working at a desk most of the time using a stand-up/sit-down adjustable desk. Exerting up to 10 pounds of force occasionally and/or negligible amount of forcefrequentlyto lift carry push pull or otherwise move objects. Typing grasping and repetitive motion typically isrequiredevery day and walking and standing arerequiredoccasionally.
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 equalopportunityworkplace. 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 accommodationsto knownphysical or mental limitations of an otherwise qualified applicant or employee with a disability unless the accommodationwould imposean undue hardship on the operation of our business.
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.
#LI-MA1
Required Experience:
Manager
About Company
Get the most cost-effective personal and business insurance solutions from a team of knowledgeable advisors with access to dozens of markets.
