Broker, Boston

Jimcor Agency Inc.

Hopkinton, MAHybridJobNo compensation foundPosted 5mo agoSeen in employer's feed 3 days ago

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At a glance

Compensation

No compensation found

Location

Hopkinton, MAHybrid

Work Authorization

Not specified

Requirements

Credentials this posting asks for.

Producer’s License

Job overview

Jimcor Agency Inc. is hiring a Broker, Boston. This Broker position focuses on generating opportunities, client relationships, and brokerage placements within a specialty area. The role involves creating relationships with existing and new brokerage carriers, negotiating terms and pricing with a high sense of urgency, and interacting with companies and brokers via various communication channels. The Broker will also develop client relationships to generate submission opportunities and a regular flow of business.

Key focus areas include Develop client relationships to generate submission opportunities and a regular flow of business, Review submission documents received to prepare additional information, and Select and market the risk, by line of coverage, to markets to negotiate terms & pricing.

Successful candidates bring Producer’s License, 3+ Years Insurance Experience, and Prior Exposure to Insurance Brokerage Activities. Important skills include Negotiation, Sales, Technical Knowledge Of Insurance Coverage Forms, Application To Exposure, Departmental Regulations Knowledge, and Policy Knowledge. Preferred (not required): Generate Opportunities, Client Relationships, Brokerage Placements, and Create Relationships With Existing And New Brokerage Carriers.

Skills & qualifications

RequiredNice to have

Skills

NegotiationSalesTechnical Knowledge of Insurance Coverage FormsApplication to ExposureDepartmental Regulations KnowledgePolicy KnowledgeWork IndependentlyCarry Out Assignments to CompletionStrong Interpersonal SkillsHigh Sense of UrgencyBasic Familiarity With ComputersGood Oral and Written CommunicationsStrong Analytical SkillsAttention to DetailsResourcefulControlled Assertive BehaviorGenerate OpportunitiesClient RelationshipsBrokerage PlacementsCreate Relationships With Existing and New Brokerage CarriersNegotiate Terms and PricingPrepare Additional InformationSelect and Market the RiskProvide Comparisons and IllustrationsUtilize Knowledge of Automated SystemsPrepare QuotationsAnswer InquiriesReview Requests for CancellationReview Policies for Renewal ConsiderationRequest Additional DocumentationConduct Marketing VisitsAttend Industry EventsWork With Support AssociatesMentorship and Guidance

Qualifications

Producer’s License3+ Years of Insurance ExperiencePrior Exposure to Insurance Brokerage Type ActivitiesExperience in Standard Underwriting Practices and ProceduresAssociated Classes or Courses and/or Industry License, or Designation

Benefits

Paid Time Off

401(k) Match

Medical Insurance

Dental Insurance

Vision Insurance

Tuition Assistance

Full job description

Job Summary:

This position is focused on generating opportunities, client relationships and brokerage placements of their area of coverage specialty. Creates relationships with existing and new brokerage carriers, to negotiate terms and pricing with a high sense of urgency. Interacts with Companies and Brokers via telephone, e-mail, in-person visits, networking and regular mail.

Essential Duties and Responsibilities:

Develop client relationships to generate submission opportunities and a regular flow of business.
Review submission documents received to prepare additional information including; loss pics/summaries, loss stratifications, risk summaries, narratives, online research and requesting additional information needed from the client.
Select and market the risk, by line of coverage, to markets to negotiate terms & pricing.
Provide comparisons and illustrations to compare options and support client presentation process.
Utilizes knowledge of automated systems to develop information for new or renewal policies.
Prepares quotations for agents and answers inquiries from agents, policyholder, or prospects.
Reviews requests for cancellation, endorsements, etc.
Reviews policies for renewal consideration and remarketing.
Request additional documentation necessary for the processing of an application, endorsement or cancellation.
Conduct marketing visits to agents and attend industry events.
Work with support associates, assistants and central processing to assure work is completed in a timely manor and with accuracy. This may include mentorship and guidance of the team member working with you on risks.
Performs other duties as assigned.

Qualifications/Requirements:

Must have Producer’s License.
3 plus years of insurance experience.
Prior exposure to insurance brokerage type activities.
Basic familiarity with computers.
Good oral and written communications skills.
Strong analytical skills and the ability to pay attention to details.
A high sense of urgency.
Resourceful and controlled assertive behavior characteristics.
Must have demonstrated negotiation & sales skills.
Technical knowledge of insurance coverage forms and their application to exposure.
Knowledge of departmental regulations and policies.
Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines and standard accepted underwriting practices.
Strong interpersonal skills working with Staff and Company Underwriters
Experience in standard underwriting practices and procedures.
Associated classes or courses and/or industry license, or designation.

We offer a total compensation package which includes salary plus a full comprehensive benefits package. Package includes Paid Time Off Days, Paid Holidays, Hybrid Work Schedule, Retirement Plan with Employer Match, 100% Single Employer Paid Medical, Dental, Vision, Life Insurance, Education Assistance, Various Voluntary Benefits, Wellness Program Including Mental Health Support and an Employee Assistance Program (EAP) and More.

Visit Us On LinkedIn: https://www.linkedin.com/company/jimcor-agencies/

View All Openings: https://www.jimcor.com/join-our-team

Website: www.jimcor.com

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