What are the responsibilities and job description for the Renewal Broker position at McGowan and Company?
*Pay commensurate with experience.*
Summary:
The Renewal Broker’s primary responsibility is to manage the renewal process for existing insurance policies. They will work closely with clients, insurance carriers, and underwriters to ensure a smooth renewal process while maximizing retention rates and maintaining client satisfaction.
Essential Duties and Responsibilities:
- Other duties, projects, tasks, and responsibilities as assigned. Production position that provides support to underwriters and brokers.
- Issue binders and misc. forms.
- Prepare statement of values and loss analysis.
- Invoicing.
- General correspondence with brokers and carriers including but not limited to ordering loss runs and requesting renewal information.
- Pending follow up on specific account issues.
- Insurance policy issuance and endorsement issuance for binding authority companies.
- Develop strong, long-term relationships with brokers to add to a profitable book of business.
- Negotiate terms and conditions with the carriers.
- Recognize and create cross sell opportunities for other products.
- Ability to travel to broker, carrier, and employer meetings.
- Maintain PA Producer and PA Surplus Lines licenses.
- Other duties, projects, tasks, and responsibilities as assigned.
Education and Experience:
- High school diploma or equivalent (Required).
- 1 year commercial Insurance experience (Preferred).
- P&C License (Preferred).
Key Competencies:
- Adaptable to learning various computer systems.
- Excellent verbal and written skills.
- Strong work ethic, reliable.
- Detail oriented.
- Ability to establish priorities and maintain consistent workflow to meet target dates.
- Ability to work well with team and frequently collaborate with others.
- Self-motivated and ability to work independently to complete assigned work.
Job Type: Full-time, 40 hours a week.
Schedule: 8:15am – 5:00pm, Monday – Friday
Location: 7000 Brooktree Rd Ste 305 Wexford, PA 15090-9478
Work Status: Hybrid
Benefits:
- 401(k) matching.
- Dental insurance.
- Health insurance.
- Vision insurance.
- Voluntary additional benefits: Life insurance, short-term disability, and long-term disability.
- 7 paid holidays (8 days off in total).
- Paid time off.
Job Type: Full-time
Pay: $1.00 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
Work Location: Hybrid remote in Wexford, PA 15090