What are the responsibilities and job description for the Commercial Lines Producer position at The Jonus Group?
Job Description
Commercial Lines Producer
Job Summary
Seeking dynamic and driven Commercial Lines Producers to join a team. This is a unique opportunity to join a growth-focused organization with a strong emphasis on professional development and career advancement.
Compensation Package
We offer a highly competitive and performance-driven compensation structure tailored to experience levels:
Commercial Lines Producer
Job Summary
Seeking dynamic and driven Commercial Lines Producers to join a team. This is a unique opportunity to join a growth-focused organization with a strong emphasis on professional development and career advancement.
Compensation Package
We offer a highly competitive and performance-driven compensation structure tailored to experience levels:
- Entry–Junior Producers: Base salary of $65,000–$110,000 (no book required).
- Mid-Market Producers (3–7 years): Base salary of $110,000–$180,000 (book of $100,000–$500,000).
- Senior Producers (7 years): Base salary of $200,000–$250,000 (book of $500,000 ).
- Transition to commission-only structure in Year 3.
- Commission rates of approximately 40% for new business and 30% for renewals.
- One-time book bonuses and a lucrative $500,000 bonus for achieving $500,000 in revenue within three years (paid out over the following three years).
- Develop and execute a clear prospecting strategy to build a robust sales pipeline.
- Conduct effective first meetings with prospective clients, demonstrating a strong understanding of their needs and presenting tailored solutions.
- Manage the entire sales process, from initial contact to closing deals, ensuring a structured and professional approach.
- Maintain and grow relationships with carriers and leverage market access to deliver optimal client outcomes.
- Meet or exceed revenue targets, with a focus on achieving $500,000 in revenue by Year 3.
- Utilize tools such as AMS360 and Salesforce to manage client relationships and track sales activities.
- Core Traits: High-energy, authentic, sales-driven, and self-sufficient.
- Proven ability to ramp up quickly and deliver results.
- Strong technical knowledge of commercial insurance products and markets.
- Clear and structured sales philosophy, with the ability to articulate a defined approach to client meetings and prospecting.
- Coachable, adaptable, and open to feedback.
- Familiarity with carriers and market access is essential.
- Expertise in industries such as construction, manufacturing, real estate, hospitality, habitational, energy, or transportation is highly desirable.
- Backgrounds from leading firms or MGA/Wholesale experience are welcomed.
Salary : $65,000 - $110,000