Commercial Broker - P&C

Posting Description

Who We Are:

NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.

Summary: Responsible for broking new and renewal business, with a focus on general property & casualty lines. Handle all aspects of the placements from initial market selection through policy delivery to client. Ensure all clients’ needs are promptly and accurately satisfied, all deadlines are met, and service standards are achieved.

Essential Duties and Responsibilities:

• Proactively coordinate broking around the renewal cycle in accordance to NFP’s service model standards and timelines
• Define success and direct broking activity to achieve the optimal outcome for the client/prospect; ensure a go-to-market strategy is in place for each broking engagement
• Effectively negotiate with insurance carriers demonstrating an unmistakable command of the risk; drive financial and non-financial outcomes that support organic revenue development and retention, seize upon opportunities to creatively upsell and cross-sell, leading to greater client product density and expanded account margin
• Collaborate with brokerage team and client to ensure complete, timely and highly differentiated submissions are presented to markets, respond to carrier queries, compile carrier quote proposals and critically and comparatively analyze each, and present prospects or clients with a clear summary of the marketing process, and a proposal with recommendations
• Support team members with proposal preparation for existing and prospective clients
• Review binders and policies to ensure terms and conditions are accurately reflected
• Assist in issuance of applicable certificates of insurance and policy endorsements (either directly of via carrier portals), in coordination with global capability center.
• Assist in the development of sales documents, presentations, stewardship reports, and RFP responses for prospective new clients
• Present proposals to producers and account management teams and participate in client meetings
• Prepare coverage comparisons, diagnostics, consolidated coverage/policy analyses, letters and reports under the direction of a senior broker and/or your manager.
• Develop productive business relationships with key insurance underwriters and local NFP account management teams
• Cultivate a thorough understanding of markets to better assist the broking team
• Build strong, abiding, trustful and resilient relationships with carrier and wholesale partners
• Maintain accurate client and policy information in NFP’s Epic agency management system
• Drive the deployment of data and analytics to provide meaningful program insights for clients and the broking team
• Develop and maintain thorough knowledge of insurance marketplace and available products and services
• Engage account team and markets to coordinate cross-sell and up-sell initiatives; effectively closes coverage gaps or deficiencies, supports the account team in improving client product density, enhancing account profitability and margin

Knowledge, Skills, and/or Abilities:

• Excellent written and verbal communication skills
• Excellent negotiation skills – ability to adjust approach to effectively drive optimal outcomes depending on different personalities
• Strong attention to detail with strong analytical skills, both quantitative and qualitative
• Proven technical competency and creativity demonstrating excellence in developing and delivering innovative property and casualty solutions
• Confident, poised and interactive - when client-facing communicates effectively, demonstrates emotional intelligence, and understands how to tailor responses in a variety of dynamic situations
• Experience with Epic (agency management system) a plus

Education and/or Experience:

• Bachelor’s degree or equivalent experience required
• Minimum of two to five years property & casualty insurance experience

Certificates, Licenses, Registration:

• P&C License required or obtained within 90 days of employment
• Advanced industry designation(s) (e.g. CPCU, CIC, ARM) a plus

What We Offer:

We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others. The base salary range for this position is $85,000 to $105,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

NFP and You... Better Together!

NFP is an inclusive Equal Employment Opportunity employer.

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