Cyber Broker

NFP Corp
  • Chicago, Illinois
  • $80,000–$95,000 Per Year
  • Full-time
3 days ago

Job Description

Posting Description:

 

Who We Are:

NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance who has also earned the WORK180 employer endorsement. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach. To learn more, please visit: https://www.NFP.com.
 
Responsible for broking new and renewal Cyber/E&O business, handling all aspects of the placements from initial market selection through policy delivery to client. Ensure all clients’ needs are promptly and accurately satisfied, all deadlines are met, and service standards are achieved.

Essential Duties And Responsibilities
    • Define success and direct broking activity to achieve the optimal outcome for the client/prospect; ensure a go-to-market strategy is in place for each broking engagement
    • Effectively negotiate with insurance carriers demonstrating a command of the risk; drive financial and non-financial outcomes that support organic revenue development and retention, seize upon opportunities to creatively upsell and cross-sell, leading to greater client product penetration and expanded account margin
    • Collaborate with account management team and client to ensure complete, timely and highly differentiated submissions are presented to markets, respond to carrier queries, compile carrier quote proposals and critically and comparatively analyze each, and present prospects or clients with a clear summary of the marketing process, and a proposal with recommendations
    • Support team members with proposal preparation for existing and prospective clients
    • Respond to client queries and concerns to resolve issues promptly
    • Review binders and policies to ensure terms and conditions are accurately reflected
    • Attend client meetings as a part of the team to strengthen and hone client communication and presentation skills
    • Assist in the development of sales documents, presentations, stewardship reports, and RFP responses for prospective new clients
    • Present proposals to producers and account management teams and participate in client meetings
    • Prepare coverage comparisons, diagnostics, consolidated coverage/policy analyses, letters and reports under the direction of the Senior Broker or Broking Team Leader
    • Develop productive business relationships with key insurance underwriters and local NFP account management teams
    • Cultivate a thorough understanding of markets to better assist the broking team
    • Build strong, abiding, trustful and resilient relationships with carrier and wholesale partners
    • Maintain accurate client and policy information in NFP’s Epic agency management system
    • Drive the deployment of data and analytics to provide meaningful program insights for clients and the broking team
    • Ensure client, broking, and brokerage data files are maintained in a complete, organized and timely fashion
    • Execute on NFP’s broking strategies, including strategic carriers, panels, and preferred wholesaler utilization
    • Develop and maintain thorough knowledge of insurance marketplace and available products and services
    • Engage account team and markets to coordinate cross-sell and up-sell initiatives; effectively closes coverage gaps or deficiencies, supports the account team in maximizing client product density, enhancing account profitability and margin
    • Engage and introduce SMEs to clients/prospects to covey the depth of talent and resources and provide additional technical support and competency in areas requiring unique specialization and skill sets

    Knowledge, Skills, And/or Abilities

    • Excellent written and verbal communication skills
    • Ability to successfully interact with a variety of people
    • Excellent negotiation skills - ability to adjust approach to effectively drive optimal outcomes depending on different personalities
    • Demonstrated ability to work independently and as part of a team
    • Strong attention to detail with strong analytical skills, both quantitative and qualitative
    • Excellent organizational skills with the ability to adjust to changing workload and priorities
    • Able to coordinate resources and responsibilities
    • Self-motivated and determined with positive attitude and sense of urgency
    • Proven technical competency and creativity demonstrating excellence in developing and delivering innovative property and casualty solutions
    • Confident, poised and interactive - when client-facing communicates effectively, demonstrates emotional intelligence, and understands how to tailor responses in a variety of dynamic situations
    • Proficient in Microsoft Office Suite
    • Experience with Epic (agency management system) a plus

    Education And/or Experience

    • Bachelor’s degree or equivalent required
    • Minimum of three to five years insurance experience

    Certificates, Licenses, Registration

    • P&C License required or obtained within 90 days of employment
    • Advanced industry designation(s) (e.g. CPCU, CIC, ARM) a plus
    Proactively coordinate broking around the renewal cycle in accordance with NFP’s service model standards and timelines

What We Offer 

We're proud to offer a competitive salary, PTO&paidholidays,401(k) with match, exclusive discount programs, health&wellnessprograms, and more. Our PeopleFirstculture focuses on building and nurturing lifelong relationships with our employees because, ultimately, we exist to be there for others. Thebasesalary range for this position is $80,000–$95,000.Thebasesalaryofferedwillbedetermined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual basesalaryofferedwillbedetermined on a case-by-case basis. In addition to thebasesalary, this position may be eligible for performance-basedincentives.
 
NFP and You... Better Together!
NFP is an inclusiveEqualEmploymentOpportunity employer.

 

 

#LI-HYBRID

#LI-BW1

 

 

Numbers & Facts

LocationChicago, Illinois
Job TypeFull-time
Salary$80,000–$95,000 Per Year

Skills

  • ARM (Advanced RISC Machine)unmatched
  • Analysis Skillsunmatched
  • Brokerageunmatched
  • Business Developmentunmatched
  • Communication Skillsunmatched
  • Comparative Analysisunmatched
  • Cross-Sellingunmatched
  • Customer Relationsunmatched
  • Customer/Client Researchunmatched
  • Data Analysisunmatched
  • Detail Orientedunmatched
  • Develop and Maintain Customersunmatched
  • Epic Systemsunmatched
  • File Maintenanceunmatched
  • Health Informaticsunmatched
  • Insuranceunmatched
  • Insurance Underwritingunmatched
  • Market Entry Strategyunmatched
  • Marketingunmatched
  • Microsoft Officeunmatched
  • Negotiation Skillsunmatched
  • Organizational Skillsunmatched
  • Policy Analysisunmatched
  • Presentation/Verbal Skillsunmatched
  • Problem Solving Skillsunmatched
  • Profit & Lossunmatched
  • Proposal Writingunmatched
  • Quantitative Analysisunmatched
  • Request for Proposals (RFP)unmatched
  • Riskunmatched
  • Sales Managementunmatched
  • Sales Presentationunmatched
  • Sales Prospectingunmatched
  • Stewardshipunmatched
  • Team Lead/Managerunmatched
  • Team Playerunmatched
  • Technical Supportunmatched
  • Time Managementunmatched
  • Up-Sellingunmatched
  • Wealth Managementunmatched
  • Wholesale Industryunmatched
  • Workforce Managementunmatched
  • Writing Skillsunmatched

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