Full-Time

Commercial P&C Broker

Posted on 7/11/2025

Tranzact

Tranzact

1,001-5,000 employees

Insurance marketplace with analytics and agents

Compensation Overview

$150k - $185k/yr

+ Bonus

Austin, TX, USA + 1 more

More locations: Dallas, TX, USA

Hybrid

Hybrid role with a mix of remote and in-person interactions.

Category
Finance & Banking (1)
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 5+ years industry experience preferred
  • Insurance Broker’s P&C license preferred, and underwriting background is a plus
  • Experience working through end-to-end insurance placement process
  • Ability to review and compare coverage terms and conditions
  • Understand details of program pricing and key determining factors
  • Ability to communicate and translate key coverage items to clients
  • Proficiency in negotiation, can secure concessions without damaging relationships
  • Strong organizational habits, and ability to manage deadlines
  • Embrace fast-paced work environment and can adapt on the fly
  • Consistent and proactive communication skills (written and verbal)
  • Expertise in Excel and MS office programs, online databases, agency management systems
  • Sound presentation skills, can prepare/edit client-facing documents to be clear and concise
  • Effective conflict management, demonstrates shared ownership in conflict resolution
  • Customer focus and teammate mentality, ability to go the extra mile with this in mind
  • General business acumen in regard to vast array of industries, clients, carriers
  • Receptive to feedback; critical thinking and problem-solving skills; high adaptability
  • Leadership skills; applies judgement in making decisions
  • Technology acumen – ability to utilize technology-based record management systems; basic MS Office skills and familiarity with other relevant online tools.
Responsibilities
  • Preparing and transmitting program submissions to our partner markets
  • Negotiating broad coverage and lowering cost to achieve the best results available in the market
  • Creating client facing proposal documents that clearly outline and compare terms, conditions, and cost of the various program options
  • Presenting program results directly to the client in person and over the phone
  • Performing coverage needs and gap analysis in order to recommend program improvements
  • Reviewing and evaluating loss information and other analytics reports to assess client risk
  • Building and maintaining relationships with partner carriers, programs, and wholesale markets
  • Independently organizing, managing, and tracking book of business
  • Ability to work under reasonably tight deadlines as required
  • Participating in regular client and underwriting meetings, in person and over the phone
  • Effectively communicating with producers and service teams who are responsible for the overall client relationship on a day-to-day basis
  • Collaborating with internal and external resources and specialists to explore new markets, program options, coverage differentiators, and industry trends
Desired Qualifications
  • 5+ years industry experience preferred
  • Insurance Broker’s P&C license preferred, and underwriting background is a plus

Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.

Company Size

1,001-5,000

Company Stage

Acquired

Total Funding

$632.4M

Headquarters

Fort Lee, New Jersey

Founded

1997

Simplify Jobs

Simplify's Take

What believers are saying

  • GTCR acquisition at $632.4 million enables tech scaling under existing management.
  • Recognize's digital investment boosts TRANZACT's marketing and analytics.
  • Data-driven personalization deepens reach in Medicare Advantage markets.

What critics are saying

  • GTCR's debt financing burdens TRANZACT with high interest payments now.
  • Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
  • NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.

What makes Tranzact unique

  • TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
  • Tandem by TRANZACT extends member engagement directly to carriers.
  • TRANZACT manages over one million active Medicare and life policies.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Hybrid Work Options

Flexible Work Hours

Company News

CSIMarket
Jan 2nd, 2025
WTW Sells TRANZACT to GTCR, Recognize

WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.

Recognize
Oct 1st, 2024
Recognize and GTCR to Acquire TRANZACT - Recognize

Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...

INACTIVE