Broking Specialist jobs in United States
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World Insurance Associates LLC · 6 hours ago

Broking Specialist

World Insurance Associates is a rapidly growing insurance organization that specializes in personal and commercial insurance lines. The Broking Specialist will work under the direction of senior staff to coordinate placement activities, build relationships with clients and carriers, and achieve optimal outcomes for clients and prospective clients.

AdviceCommercial InsuranceEmployee BenefitsFinancial ServicesHealth InsuranceHuman ResourcesInsuranceLife Insurance
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H1B Sponsor Likelynote

Responsibilities

Comprehensive understanding of World’s 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 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 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

Qualification

Commercial insurance brokerageCarrier underwritingInsurance marketplace knowledgeNegotiation skillsMicrosoft Office proficiencyARMCPCU certificationProperty & Casualty licenseProject managementAnalytical thinkingEffective communicationInterpersonal skillsCollaborative natureContinuous learning

Required

3 to 5 years industry experience in commercial insurance brokerage, placement, carrier underwriting, and carrier relationship management role; or in combination
Complete and thorough understanding of a national insurance broker's sales, service, and placement process
Comprehensive understanding of World's 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 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 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
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
Proficient in all Microsoft office products
Mid-level expertise with excel
4-year college degree from an accredited institution or equivalent professional designation

Preferred

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

Company

World Insurance Associates LLC

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World is a leading financial services organization that uses its vast resources and industry expertise to empower people to make informed decisions to improve their risk management and financial outcomes.

H1B Sponsorship

World Insurance Associates LLC has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2020 (1)

Funding

Current Stage
Late Stage
Total Funding
unknown
Key Investors
Goldman Sachs Asset Management
2023-08-21Private Equity
2023-08-21Debt Financing
2020-03-02Acquired

Leadership Team

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Chris Badger
Principal, Gulf States Division Leader
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John Cicchelli
Head of Employee Benefits: North America
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Company data provided by crunchbase