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Senior Placement Broker, Commercial

2 months ago


Burnaby, British Columbia, Canada 019987 Hub International Insurance Brokers Full time
About Us

HUB International Insurance Brokers is a leading insurance brokerage firm with a strong presence in British Columbia. We are committed to providing exceptional service to our clients and are seeking a highly skilled Senior Placement Broker to join our team.

Job Summary

We are looking for a self-motivated and results-driven Senior Placement Broker to lead our commercial lines placement efforts. The successful candidate will have a strong understanding of the insurance marketplace and be able to build and maintain strong relationships with insurance carriers. This is a key role that will play a critical part in driving business growth and delivering exceptional results for our clients.

Key Responsibilities
  • Coordinate and develop marketing and broking initiatives for our clients
  • Negotiate terms for new business, renewals, and mid-term changes with insurance carriers
  • Gather and organize information from various sources to facilitate renewal and new business submissions
  • Review expiry lists and determine which accounts to send to market, which markets to approach, and what information is required by insurers
  • Track and maintain a log of insurer submission responses
  • Prepare insurance summaries, underwriting proposals, and cover notes for the production team
  • Analyze and review policy wordings to ensure proper coverages are in place
  • Monitor the insurance marketplace and maintain a current database of changing company appetites
  • Act as the senior client contact when the producer is unavailable
  • Review and compare quotations received to ensure accuracy and outline any coverage restrictions
  • Provide alternate carrier options as needed
  • Ensure there are no gaps in coverage for our clients
  • Prepare a summary of losses paid by insurers vs. premiums paid by the insured to assist in negotiating terms
  • Bind coverage, prepare documentation, certificates of insurance, mid-term changes, etc. in a timely fashion
  • Mentor junior staff
Requirements
  • Level 2 General Insurance License
  • Post-secondary education or equivalent work experience
  • 10+ years of commercial lines insurance experience
  • Minimum 5 years of commercial placement broking/marketing experience
  • Strong technical knowledge and experience working with and interpreting insurance policies
  • Detail-oriented with a high level of accuracy
  • Excellent verbal and written communication skills
  • Ability to work in a team-based environment
  • Ability to prioritize and work in a fast-paced, dynamic environment with changing priorities
  • Working knowledge of EPIC and PolicyWorks
  • CAIB, CIP, FCIP, or CRM designations preferred
What We Offer
  • Competitive compensation
  • Company matching RRSP contributions
  • Tuition financing and career-related training and development
  • Customizable flexible benefits options for you and your family
  • Mental and physical wellness initiatives
  • A positive, collaborative, and team-oriented environment
  • Ongoing personal and career development
Our Culture

We are looking for self-starters with an entrepreneurial mindset who will take ownership of their business. We want you to be innovative and open to sharing your ideas. You will work with urgency while providing a high level of professional service towards our customers, communities, and colleagues. You will be a team player who positively impacts those around you, and we will motivate each other to grow together. You will work with a high degree of integrity and accountability.