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Insurance Broker
Job Description
Insurance Broker Job Overview
An insurance broker is responsible for the overall financial performance of a branch office at an insurance company. To achieve the branch’s set targets, the insurance broker must recruit, train, develop, and supervise insurance agents to gain new clients and drive sales. They also need to maximize profits and minimize risk and liability regarding payment of future benefits by analyzing actuary data and strategically setting premiums for policyholders. Other duties include overseeing insurance claims investigations to make sure staff complies with regulations and reviewing existing company policies and making recommendations for improvement. Insurance brokers typically work full-time at an insurance agency or firm.
Insurance Broker Job Template
Insurance Broker Job Summary
Are you interested in recruiting, training, and developing your own team of financial professionals? If so, we’re looking for you! We’re expanding our agency and looking for top-notch insurance brokers to find top talent and lead teams of insurance sales agents to success. Job seekers should be self-driven, motivated insurance professionals eager to maximize their earning potential and put their leadership skills to the test. Ready to accept the challenge? Apply now!
Location
Ashburn, VA
Insurance Broker Responsibilities
- Oversee the financial performance of the branch office to ensure we’re meeting sales targets
- Recruit, train, develop, and supervise insurance agents with high potential and turn them into top performers to gain new customers and drive sales
- Handle risk management and liability regarding payments of future benefits and maximize profit for the branch by analyzing actuary data and strategically setting premiums
- Make sure staff are following ethical and legal compliance regulations when handling insurance investigation claims
- Review existing company policies, make recommendations for improvements and implement new policies for the branch as needed
Insurance Broker Qualifications
- Bachelor’s degree in business administration or finance
- 5+ years of experience in a supervisory position in the insurance industry
- Active insurance agent license in your state required
- Must be well-versed in the different types of insurance, insurance plans, insurance products current insurance policies, policy requirements, laws, and regulations
- Excellent management, leadership, interpersonal skills, and communication skills
Insurance Broker Compensation
$70,756 (National Average)
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