Description
Marketing Statement:
Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best.
We are looking for a Sr. Broker to join our team!
Job Summary:
Valley Forge Insurance Brokerage (VFIB) is a nationwide wholesaler and a division of Philadelphia Insurance Companies (PHLY). VFIB specializes in writing the coverages that PHLY does not offer. This includes Workers’ Compensation, Inland Marine, Wind & Hail Deductible Buy-down and other specialty coverages.
This position is responsible for brokering out non-PHLY products. Extensive interaction with independent insurance Agents, Brokers and Carriers. Broad product knowledge of the PHLY's product is needed to properly educate agents on why to place the business with our brokerage. Review insurance applications to evaluate, classify and rate applicants for insurance and accept or reject applications within delegated underwriting authority by performing the following duties.
Job Responsibilities:
- Underwrite and price business according to delegated underwriting authority and guidelines. Refer accounts outside of underwriting authority to the appropriate brokered market manager with recommendations.
- Examine documents such as application forms, website, brochures and past claims, financial reports and contracts to determine degree of risk from such factors as financial standing and loss experience.
- Follow all standard Operating/Production procedures and Code of Business Conduct as defined by management making continuous recommendation for improvement. Document all brokered business policies via salesforce.
- Communicate with field representatives/independent agents by following Marketing procedures to obtain further information quote rates and/or communicate company underwriting policies.
- Determine whether to accept, modify or decline risks by following product guidelines. Calculate standard rates and premium charges from approved filings.
- Maintain adequate file documentation and justification for all credits and debits (when applicable).
- Review and approve changes or questions on coverage or exposures.
- Enter all accounts into (AMS) upon binding and inputting all bound business on a weekly basis as reported on new business reports.
- Works alongside Brokerage Manager in weekly and monthly new business pipeline meetings.
- Assist Brokerage Manager with Carrier/MGA relationship management by conducting analysis with Brokerage Manager and Team Lead(s).
- Conduct weekly meetings with Brokerage team in evaluating pipeline. Assist in sales execution, and monitor the execution of follow ups and sales of Brokers.
Qualifications:
- Bachelor’s degree; minimum 5 years’ industry, sales or underwriting experience; an equivalent combination of education and experience may be substituted
- P&C License, required
- AINS, ASLI preferred
EEO Statement:
Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, sexual orientation and/or any other status protected by law.
Benefits:
We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.
Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https://www.phly.com/Careers/default.aspx