What are the responsibilities and job description for the Associate Broker position at The Demarco Group?
Fully Remote- Seeking a licensed Executive Lines remote SR Inside Broker/AE for a top wholesale broker operation in the country.
This role is heavier in D&O, crime, fiduciary, EPL but also has cyber and E&O.
The Inside Broker/AE is responsible for assisting the Broker in developing, managing, and sustaining profitable business by providing high level technical expertise. The role is responsible for managing a broker’s book of business in-house using deep knowledge of initial risk assessments to secure the best coverage and place it smoothly in the right market. They provide customer service, resolve client inquiries through efficient communication, and process routine and complex transactions accurately.
Job Responsibilities:
• Collaborates with brokers to craft seamless service and strategic market placement for commercial accounts, ensuring client satisfaction and loyalty.
• Demonstrates knowledge of Executive Lines coverages, evaluates submissions from retail insurance brokers, and identifies exposures and coverage required.
• Analyzes risk exposures and coverage needs from broker submissions, exercising independent judgment and discretion to strategically place risks with optimal carriers.
• Determines suitable insurance markets for quote requests, secures quotes, and manages the placement process according to broker and market agreements.
• Analyzes and negotiates optimal quotes terms for coverage and pricing and explains quote details to brokers to facilitate binding decisions.
• Partners with retail agencies and brokerage, acting as a key liaison between insurance markets and retail brokers and addressing their needs.
• Ensures meticulous account management by attaching and maintaining all necessary documents for the appropriate policy and account.
Salary : $80,000 - $150,000