Broker for Excess and Surplus Insurance

Company: Novatae Risk Group
Location: Chicago
Posted on: February 2, 2025

Job Description:

Novatae Risk Group is a national wholesale/brokerage for hard to place commercial insurance coverages. We are seeking experienced commercial Excess & Surplus Brokers for your area location. We are searching for candidate(s) who have demonstrated success in the wholesale industry or MGA. We are expanding our capabilities for revenue generation and have a very generous compensation package to offer including almost 500 carriers to foster your future successes. Compensation range can be from $75,000 to $175,000 not including bonuses and/or commissions.Requirements:

• Oversee the preparation of submissions to include applications and various support documents.
• Favorable presentation of the account to the insurance carriers, and to proactively work in obtaining a compelling program.
• Market new and renewal business in conjunction with designated sales teams.
• Collect all necessary information and analyze the current program.
• Order applicable underwriting reports as needed.
• Following submissions through the process, ensure quotes are provided in a timely manner.
• Solicit new business through various sales and marketing techniques and begin establishing relationships.
• Coordinate and handle administrative workflows in conjunction with support team(s) to establish accurate and prompt response to service issues.
• Seek opportunities for growth and cultivate new markets to include organic growth.Qualifications:
• Skilled in business writing and situation analysis.
• Energetic, self-motivated individuals who are goal oriented and can thrive in a team environment and autonomously.
• Strong knowledge and experience of property and casualty insurance including coverages, rating, terminology and technical procedures. P&C license / E&S licenses.
• Must be sales driven, "people person" who likes to establish new relationships while learning communication strategies and sales methods.
• A four-year college degree is preferred with 1-3 years of relative experience. Past experience should include either Wholesale Broker or MGA experience.Equal Employment Opportunity:At Novatae Risk Group, we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. Novatae is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, Novatae makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
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Keywords: Novatae Risk Group, Schaumburg , Broker for Excess and Surplus Insurance, Sales , Chicago, Illinois