Broker

Bridge Specialty Group•Oakbrook Terrace, IL

7d•$70,000 - $85,000

About The Position

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers. We are seeking a Broker to join our growing team in Oakbrook Terrace, IL. The Broker plays a crucial role in connecting clients with suitable insurance products and services to meet their unique needs. This position involves assessing client requirements, providing expert advice, and negotiating policies with various insurance carriers. Brokers are responsible for building and maintaining strong relationships with clients, conducting market research, and staying informed about industry trends and regulatory changes. How You Will Contribute 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.

Requirements

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.

Nice To Haves

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

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.