Lead Broker

Job Description

Job Title: AVP, Lead Broker

Department: Wholesure

Location: Stockton, California

Compensation: Draw Commission. Draw will be commensurate with earning potential.

About Acrisure

Acrisure is a global Fintech leader that combines the best of humans and high tech to offer multiple financial products and services to millions of businesses and individual clients. We connect clients to solutions that help them protect and grow what matters, including Insurance, Reinsurance, Cyber Services, Mortgage Origination and more.

Acrisure employs over 17,000 entrepreneurial colleagues in 21 countries and have grown from $38 million to $4.3 billion in revenue in just over ten years. Our culture is defined by our entrepreneurial spirit and all that comes with it: innovation, client centricity and an indomitable will to win.

Job Summary:

We are seeking a motivated and dynamic commissioned Insurance Wholesale Broker to join Wholesure. As a key member of our team, you will be responsible for acting as an intermediary between retail brokers and insurance carriers, ensuring that our clients receive the best coverage options available. You will leverage your extensive knowledge of the insurance market to create tailored insurance solutions that meet the unique needs of various clients. Your role involves developing and maintaining relationships with both retail brokers and insurance companies, negotiating terms, and closing deals to maximize profitability. In addition, you will need to stay updated on market trends, competitor offerings, and changes within the insurance landscape to provide strategic insights to your clients. A successful candidate will possess strong communication skills, analytical abilities, and a customer-focused mindset. This position offers the opportunity to work in a collaborative environment, where innovation and initiative are encouraged, and your contributions are recognized and rewarded. If you are passionate about the insurance industry and are looking for a challenging and fulfilling career as a wholesale broker, we invite you to apply and join our growing team.

Responsibilities:

• Make marketing calls on sub-producers (prospective producers & active producers) to solicit business.
• Receive and review new and/or renewal submissions for the purpose of quoting acceptable terms that will result in the binding of an acceptable bind ratio, which is normally at least 30% on new business and 60% on renewals.
• After review making a decision as to whether coverage is to be quoted in-house (i.e. under binding authority) with Wholesure Broker/Underwriter then acting as an underwriter representing the insurance company represented, or brokering the account to markets that Wholesure has no authority with thereby acting as a broker and representing the sub-producer agency.
• Bind business after it's quoted upon receipt of a written binding order from the sub-producer, by issuing a binder from our agency system.
• Handling all transactions with the market underwriter and acting as the intermediary between the market and the sub-producer in all matters.
• Overseeing Broker Assistants who may be assisting the Broker/Underwriter in these transactions to ensure that they are in compliance with Wholesure SOP.
• Meet production quotas and develop strategies to achieve and exceed targets.
• Must be able to travel to Acrisure/Wholesure offices, client offices and events as needed.
• Perform related duties as assigned.
  
  

Requirements:

Knowledge of:

• Property and Casualty insurance with emphasis on commercial lines.
• Standard underwriting practices for commercial lines.
• A majority of the brokerage markets that Wholesure places business.
• How to compile a complete submission for the market underwriter, whether a binding authority market or a brokerage market.
• How to rate property and general liability lines of business.
• Management systems.
• Demonstrated administrative computing skills, including Microsoft Office 365 (Word, Excel, Teams, and Power Point)
  
  

Ability to:

• Communicate effectively (both verbally and in written form) and in a professional manner with others, to include co-workers, vendors, market personnel and sub-producers.
• Communicate well with insureds if that need arises.
• Set up meetings with prospective agents, and/or producing agents to discuss what Wholesure has to offer them.
• Type on a computer keyboard in order to input necessary data into our system.
• Organize time in order to achieve the greatest efficiency and comply with time constraints on specific transactions.
  
  

Education/Experience:

Required:

• Graduation from high school.
• Current and active Property and Casualty producer license.
• 2 or more years in a financial services business and/or insurance industry.
• Preferred:
• Two or more years of College work.
• Completion of some insurance courses such as INS21, CIC or CISR, AU or CPCU.
  
  

Physical Demands

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.
  
  

Benefits & Perks:

• Competitive Compensation
• Industry Leading Healthcare
• Savings and Investments
• Charitable Giving Programs
• Offering hybrid work option
• Opportunities for Growth
• Parental Leave
• Generous time away
  
  

Acrisure is committed to making an impact in our communities by giving back, with millions committed to children’s health with Helen Devos Children’s Hospital and UPMC Children's Hospital of Pittsburgh.

For more, visit www.Acrisure.com or learn more here.

Pay Details:

Monthly Salary: $68,640 - $120,000

Acrisure is committed to employing a diverse workforce. All applicants will be considered for employment without attention to race, color, religion, age, sex, sexual orientation, gender identity, national origin, veteran, or disability status. California residents can learn more about our privacy practices for applicants by visiting the Acrisure California Applicant Privacy Policy available at www.Acrisure.com/privacy/caapplicant.

To Executive Search Firms & Staffing Agencies: Acrisure does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Acrisure’s property, and Acrisure will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Acrisure’s Human Resources Talent Department.