New Job Opening: Property & Casualty Broker in Farmington Hills, MI

Job Description

Property & Casualty Broker

Job Summary

A leading wholesaler is seeking a motivated and experienced Property & Casualty Broker to join their team. This role is responsible for cultivating and managing relationships, negotiating policies, and ensuring optimal coverage for clients.

Responsibilities

• Cultivate and maintain strong relationships with clients and partners.


• Work closely with underwriters, agents, and other stakeholders to streamline processes and improve efficiency.


• Focus on growing and maintaining agency relationships to foster long-term partnerships and business success.


• Stay abreast of industry trends, market conditions, and regulatory changes to provide informed advice and services.


• Develop strategies to effectively market insurance products to both new and existing clients.


• Actively seek opportunities for growth in both new markets and renewal business.


• Evaluate client risks and insurance needs to determine the best coverage options.


• Ensure the timely completion of submissions, quotes, and all related administrative processes to maintain operational efficiency.


• Prepare detailed submissions to present client risks to insurance carriers.


• Collaborate with insurers to obtain the best terms and coverage options for clients.


• Present and negotiate insurance policies with potential clients to secure new business.


• Negotiate coverage terms, premiums, and conditions with insurance carriers on behalf of clients.


• Handle the placement of accounts, ensuring that clients receive the best possible coverage options.


• Ensure all policy details are accurately documented and that client coverage is placed effectively with the chosen carrier.


• Maintain a high level of service and responsiveness to client needs and inquiries.

Qualifications/Requirements

• Demonstrates strong verbal and written communication skills.

• In-depth knowledge and practical experience in property and casualty insurance, including coverages, rating, terminology, and technical procedures.

• Strong analytical and problem-solving skills.


• Experienced in building and maintaining positive client relationships, ensuring exceptional customer service and satisfaction.


• Ability to work in a team environment and across all organizational levels, while adhering to all policies, procedures, and regulations.


• Holds an active P&C Insurance License; committed to meeting license renewal requirements.


• 5+ years of relevant insurance industry experience preferred.

• Previous production experience with either a wholesaler or insurance agency.


• Previous wholesale experience is required.


• Previous outbound marketing experience is required.

• Above average computer skills with the capacity to master essential software programs.

Compensation Package

• Excellent opportunities for professional growth and advancement.


• Competitive compensation: Between $100K-$130K+ (based on experience).


• Paid time off and company holidays.


• Comprehensive benefits package, including health, dental, vision, 401(k), and more.


• Hybrid work schedule available.

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 employer's discretion.

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