Hybrid Small Business Insurance Analyst

Posted last week

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About the role

  • Maintain current and relevant knowledge of the insurance marketplace and act as an internal market resource and liaison.
  • Meet with carriers to learn of new products, appetites and service enhancements.
  • Build strong and mutually beneficial relationships with carriers and wholesalers.
  • Meet with the account team to evaluate account needs and select appropriate markets.
  • Act as a consultant to the team to offer up to date market intelligence on products and services, programs, carrier appetites and guide the marketing strategy for assigned accounts.
  • Provide creative solutions for coverage placement.
  • Evaluate risks and determine appropriate coverage and pricing terms to meet client needs.
  • Discuss risks with relevant markets to gauge interest.
  • Create specifications in appropriate systems and order submission creation within agreed upon service levels time frames.
  • Control and oversee the submission process.
  • Review drafts of submissions until all corrections and updates have been addressed.
  • Ensure that all current term policy changes occurring during the renewal cycle are captured in submissions.
  • Send submissions to selected markets.
  • Follow up quotes.
  • Answer questions and obtain additional information required by underwriters to generate quotes.
  • Negotiate best terms and prices on behalf of clients and favorable commissions on behalf of the agency.
  • Obtain revised and final quotes.
  • Compare and evaluate quotes in conjunction with the account team.
  • Select those suitable for presentation to clients.
  • Order proposals within service level time frames.
  • Provide all information necessary for the completion of the proposal.
  • Review and order final corrections and revisions to the template.
  • Approve final version.
  • Give instructions for the assembly of proposals as needed, including additional inserts, exhibits, brochures, reports, etc.
  • Document all marketing activities in accordance with established procedures so that all account stakeholders can access status reports.
  • Order binders from winning markets and alert losing markets of outcome of proposal meetings in a manner that will enhance and demonstrate respect that will foster continued good market relationships.
  • Alert internal service teams about orders to bind.
  • Update all systems to document and finalize marketing cycle.
  • Perform other duties as requested, including exercising discretion and judgment in prioritizing workload.

Requirements

  • Property and Casualty License must be obtained within 75 days of the first day of New Hire Onboarding
  • Demonstrate commitment to continuous learning by advancing insurance knowledge via training and obtaining insurance designations
  • Must maintain current intel on insurance markets in general and specifically to provide a competitive advantage
  • Excellent negotiation and relationship management skills
  • At least five years of similar experience
  • Must have strong commercial lines technical and market knowledge.
  • Must understand a broad range of coverage and risk alternatives.
  • Highly proficient with Microsoft Word and Excel
  • Applied Systems – Epic agency management system experience preferred
  • Extremely organized
  • A strong sense of urgency with a strong attention to detail & follow through
  • Must be able to work independently on a team and under pressure
  • Analytical-technically oriented
  • Strong attention to detail and follow through

Benefits

  • Generous time off, including personal and volunteering
  • Tuition reimbursement and professional development opportunities
  • Hybrid work
  • Charitable contribution match programs
  • Stock purchase opportunities

Job title

Small Business Insurance Analyst

Job type

Experience level

Mid levelSenior

Salary

$70,000 - $130,400 per year

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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