Commercial Lines Broking Associate, Consolidations - Select

Salary :

$53,500 - 66,100 yearly

Company : World Insurance Associates.

Job Type : Full Time

Iselin, Nj

Number of Applicants

000+

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Job Description - Commercial Lines Broking Associate, Consolidations - Select

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 3,000 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 clients. This 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 World’s 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 client’s and prospective client’s 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

Work Experience

2+ years’ experience in Commercial Property and Casualty

Professional Licenses/Certifications

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

Compensation
This position is located in New Jersey. The base salary for this position at the time of this posting may range from $53,500 to $66,100. 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 https://www.worldinsurance.com/careers for 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 force frequently to lift, carry, push, pull, or otherwise move objects. Typing, grasping, and repetitive motion typically is required every day, and walking and standing are required occasionally.

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 status. In 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.

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 World’s property, and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting World’s Human Resources Talent Department.

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About the Company

World Insurance Associates.

Get the most cost-effective personal and business insurance solutions from a team of knowledgeable advisors with access to dozens of markets.

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Commercial Lines Broking Associate, Consolidations - Select

Job Description - Commercial Lines Broking Associate, Consolidations - Select

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