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Brown & Brown · 5 days ago

Broker

Oakbrook Terrace, IL

Full-time

Onsite

Mid, Senior Level

$70K/yr - $85K/yr

5+ years exp

Brown & Brown is a company that values meritocracy and rewards self-starters committed to customer satisfaction. They are seeking a Broker to connect clients with suitable insurance products, assess client requirements, and negotiate policies while maintaining strong client relationships and staying informed about industry trends.

Insurance

Responsibilities

Examines such documents as application forms, inspection reports, insurance maps, and loss runs to determine degree of risk from such factors as ISO classifications, applicant financials, age, occupation, accident experience, and value and condition of property

Reviews company records to determine amount of insurance in force on single risk or group of closely related risks and evaluates possibility of losses due to catastrophe or excessive insurance

Broker risks, ensuring that all required information is obtained, proper applications are completed, quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings (where applicable) are made, and taxes paid in accordance with appropriate state laws. Secure payments on risks bound or written

Review, analyze and qualify risks submitted by Producers, evaluate submissions for premium and terms, analyze exposures for quotes for new and renewal business, issue written indications, quotes, and binders; possible use of inspection companies to obtain further information, quote rates, or explain company underwriting policies

Develop and cultivate carrier and brokerage relationships to place specific risks and grow a book of business

Markets and meets with retail agency customers to develop business and cultivate relationships to grow a book of business

Understand and extend Company facilities, brokering risks when required to successfully negotiate a placement; be responsible for your quote to bind activity & production results

Service and perpetuate existing business, produce new business, and have a keen awareness of priorities

Qualification

P&C State licensedExcessSurplus linesBachelor’s degreeMS Office SuiteCICCPCU candidateISO manuals familiarity

Required

Bachelor's degree (B. A.) from four-year College or university is desired or five years insurance experience, two years of which is as an underwriting assistant

P&C State licensed

Proficient with MS Office Suite and paperless environment

Experience with excess and surplus lines underwriting agency or company

Preferred

CIC or CPCU candidate, thorough familiarity with applicable ISO manuals, forms, rating plans, policy forms i.e., coverages, exclusions, conditions, and terms