What are the responsibilities and job description for the Broker position at Bridge Specialty Group?
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
50000 - 65000 Annual
The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
Teammate Benefits & Total Well-Being
We go beyond standard benefits, focusing on the total well-being of our teammates, including:
The Power To Be Yourself
As an Equal Opportunity Employer, we are 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 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.
- 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.
- Preferred: CIC or CPCU candidate, thorough familiarity with applicable ISO manuals, forms, rating plans, policy forms i.e., coverages, exclusions, conditions, and terms.
50000 - 65000 Annual
The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.
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 Insurance
- Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
- Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
- Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.
The Power To Be Yourself
As an Equal Opportunity Employer, we are 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”.
Salary : $50,000 - $65,000
