Commercial Lines Broking Associate

Broking Associate

Company Overview World Insurance Associates ("World") is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes, modernize their benefits programs, and help them achieve their long-term financial goals. Founded in 2011, World is one of the fastest-growing, Top 25 insurance brokers in the U.S. with nearly 3,000 employees in more than 300 offices across North America and the U.K. World specializes in personal and commercial insurance, surety and fidelity bonding, employee and executive benefits, investment advisory and retirement plan services, and payroll & HR solutions.

Position Summary The Broking Associate supports Middle Market Broking Specialists and Consultants on research, data gathering, underwriting analysis and preparation of various materials in support of broking activities on new and renewal business to support client retention and production goals. Primary Responsibilities

• Supports in the data compilation activities related to loss history and coverage needs for Middle Market renewal strategy documents, submissions, and proposals.
• Prepare coverage comparisons based upon quotations and proposals received from underwriters with oversight from senior staff.
• Supports in the identification and analysis of client exposures, and helps identify markets to utilize, working with available data and additional insights.
• Provides input in the compilation and analysis data, and drafts assigned elements of client service plans, stewardship reports, and other presentations tailored to the needs of clients.
• Participate in client broking strategy meetings with senior staff guidance.
• Assist in the preparation of requests for quotations to the insurance carriers.
• Maintain focus on World-authorized workflow and standard operating procedures to support consistency across the World enterprise.

Work Experience

• 1-3+ years' experience in Property and Casualty with a comprehensive understanding of insurance coverages for commercial lines

Professional Licenses/Certifications

• Must hold state Property & Casualty insurance license

Essential Skills/Competencies

• Action/task-oriented with strong follow-up and follow-through
• Strong interpersonal skills and demonstrated professional communication skills
• Commitment to continuous learning and development, and eagerness to learn about the insurance marketplace
• Project/process management discipline and follow-through
• Effective listening and communication skills
• Collaborative nature
• Ambitious and initiative-taker
• Analytical and creative thinker
• Commitment to continuous learning and development
• Basic understanding of standard property and casualty insurance programs
• Purposeful, results-driven, competitive, tenacious desire to win
• Knowledgeable of the insurance marketplace and keeps current with marketplace changes
• Strong ability to influence and negotiate with trading partner peers, and achieve optimal outcomes for clients and prospective clients

Compensation This position is located in New Jersey. The base salary for this position at the time of this posting may range from $59,700 to $73,800. Individual compensation varies based on job-related factors, including business needs, experience, level of responsibility, and qualifications. We offer a competitive benefits package and variable pay programs.

Physical Demands & Working Conditions Office work involves working at a desk most of the time, using a stand-up/sit-down adjustable desk. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently to lift, carry, push, pull, or otherwise move objects. Typing, grasping, and repetitive motion typically is required every day, and walking and standing are required occasionally.

Equal Employment Opportunity At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.