Job Description
Employee Benefits Producer
Job Summary
A leading insurance agency is seeking an Employee Benefits Producer that thrives in a dynamic, results-driven environment. In this role, you will forge close partnerships with clients to understand their unique insurance needs and offer tailored solutions. This opportunity promises a rewarding experience in the specialized field of employee benefits, involving collaboration with a diverse range of clients!
Responsibilities
- Build and nurture relationships with existing and potential clients in the employee benefits sector.
- Conduct thorough assessments of clients' insurance needs and provide expert guidance on suitable employee benefits insurance plans.
- Prepare and present comprehensive insurance proposals to clients, outlining coverage options, costs, and benefits.
- Stay updated on industry trends, insurance products, and competitors to offer informed recommendations.
- Skillfully negotiate terms and premiums with insurance carriers to secure the best deals for clients.
- Oversee the administration of insurance policies, ensuring accurate documentation and compliance.
- Educate clients on their insurance coverage, making them aware of policy details, benefits, and any changes.
- Meet or exceed sales targets and revenue goals set by the company.
- Adhere to industry regulations and ethical standards in insurance sales and practices.
- Collaborate with colleagues and support staff to provide excellent customer service and streamline operations.
- Ensure policy accuracy and perform rating calculations.
- Handle endorsements, placement requests, and invoicing efficiently.
- Prepare certificates, proposals, policy summaries, and reviews.
- Develop and maintain strong partnerships with carriers, vendors, and industry associates.
- Responsible for the marketing process and quoting new and renewal business.
Qualifications / Requirements
- Excellent presentation, verbal, and written communication skills.
- Solid knowledge of group health and welfare benefit plan coverage.
- Understanding of current legislation, rules, laws, and regulations related to insurance and benefits.
- Thorough knowledge of insurance products and coverage, as well as health and ancillary products.
- Solid knowledge of insurance plans, underwriting principles, selection, pricing, rating, and premium calculation.
- Knowledge of rating procedures, coverage, and industry operations to manage and maintain accounts.
- Ability to work with clients at a strategic level.
- Strong organizational skills and attention to detail.
- Holds an active Life and Health (L&H) Insurance License.
- Preferred Agency Management System Experience: EPIC
- Previous experience as an Insurance Producer is required.
- Knowledge of insurance agency operations as they pertain to sales.
- Proficiency in sales, with a track record demonstrating ability to sell.
Compensation Package
- Excellent opportunities for professional growth and advancement.
- Competitive compensation: Between $100K-$200K (based on experience) + commission.
- Comprehensive benefits package, including health, dental, vision, 401(k), and more.
- Paid time off and company holidays.
Disclaimer: Please note that this job description may not cover all duties, responsibilities, or aspects of the role, and it is subject to modification at the employer's discretion.
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