Brown & Brown
Associate Broker
Brown & Brown, Oakbrook Terrace, Illinois, United States,
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
We think of ourselves as a team, so we have teammates - not employees. We strive to attract people who are competitive, driven, and disciplined.
The Associate Broker supports the brokerage team in delivering comprehensive insurance solutions to clients. This role involves assisting in the management of client accounts, analyzing insurance needs, and providing expert advice on coverage options.
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 insuranceBroker 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 resultsService and perpetuate existing business, produce new business, and have a keen awareness of priorities,Instruct and train processors and assistants, review indications, quotes, binders, submissions and policies for completeness and accuracy,Skills & Experience to Be Successful
Required:
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.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.Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability InsuranceFinancial Benefits: ESPP; 401k; Student Loan Assistance; Tuition ReimbursementMental Health & Wellness: Free Mental Health & Enhanced Advocacy Services;Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
#LI-SD1
Pay Range50000 - 65000 Annual
The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourlyrate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
The Power to Be Yourself
We are an Equal Opportunity Employer. Brown & Brown is committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, "The Power to Be Yourself".
We think of ourselves as a team, so we have teammates - not employees. We strive to attract people who are competitive, driven, and disciplined.
The Associate Broker supports the brokerage team in delivering comprehensive insurance solutions to clients. This role involves assisting in the management of client accounts, analyzing insurance needs, and providing expert advice on coverage options.
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 insuranceBroker 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 resultsService and perpetuate existing business, produce new business, and have a keen awareness of priorities,Instruct and train processors and assistants, review indications, quotes, binders, submissions and policies for completeness and accuracy,Skills & Experience to Be Successful
Required:
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.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.Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability InsuranceFinancial Benefits: ESPP; 401k; Student Loan Assistance; Tuition ReimbursementMental Health & Wellness: Free Mental Health & Enhanced Advocacy Services;Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.
#LI-SD1
Pay Range50000 - 65000 Annual
The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourlyrate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
The Power to Be Yourself
We are an Equal Opportunity Employer. Brown & Brown is committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, "The Power to Be Yourself".