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Bridge Specialty Group · 5 hours ago

Associate Broker

Oakbrook Terrace, IL

Full-time

Onsite

Mid, Senior Level

$60K/yr - $70K/yr

5+ years exp

Bridge Specialty Group is seeking an Associate Broker to join their growing team in Chicago, IL. The Associate Broker will work directly under the supervision of an established broker to evaluate and market insurance submissions and applications for individuals and groups.

Financial ServicesHealth CareInsuranceLife Insurance

Responsibilities

Examine application forms, inspection reports, insurance maps, and loss runs to assess risk factors such as ISO classifications, applicant financials, age, occupation, accident history, and property condition

Review company records to determine the amount of insurance in force on single or closely related risks, evaluating potential losses from catastrophes or excessive coverage

Broker risks by ensuring the completion of required documentation, obtaining necessary quotes and binders in writing, issuing policies accurately, making state filings, and ensuring taxes are paid in accordance with state laws

Secure payments on risks bound or written to maintain proper financial controls

Review, analyze, and qualify risks submitted by Producers, evaluate submissions for premium and terms, and issue indications, quotes, and binders, utilizing inspection companies when necessary

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

Market and meet with retail agency customers to develop and cultivate relationships, fostering new business opportunities

Understand company facilities and broker risks when needed to successfully negotiate placements, managing quote-to-bind activities and production results

Service existing business, generate new business, and prioritize tasks to effectively manage workload

Train and guide processors and assistants, reviewing submissions for accuracy and completeness, and developing their brokering skills while reducing clerical workload

Qualification

P&C State licensedInsurance underwriting experienceCIC certificationCPCU candidateMS Office SuiteExceptional telephone demeanorBrokerage relationshipsTrainingGuiding skills

Required

P&C State licensed

Proficient with MS Office Suite

Exceptional telephone demeanor

Experience with excess and surplus lines underwriting agency or company

Preferred

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

Bachelor's degree (B. A.) from four-year College or university

5 years insurance experience, 2 years of which is as an underwriting assistant