Job Information
Hub International Associate Placement Broker, Commercial Insurance in Burnaby, British Columbia
Who We Are
We are BC’s largest Insurance Broker and looking for individuals to grow with us! A career at HUB means your career opportunities are endless. From auto, personal or commercial lines, claims, employee benefits, administration, to becoming a full-time producer or account manager, we have a role for you. Our culture is renowned within the industry, and we value our people. Helping our clients protect what matters most is crucial to who we are, and we are on the lookout for those who share the same passion.
The Opportunity
Are you looking to progress your career to the next level in commercial insurance?
We are looking for an Associate Placement Broker to join our collaborative team. The successful candidate is a self-starter who will work in collaboration with the production team to strategize, develop and market new and renewal business for our clients. This person should have a good understanding of the insurance marketplace and be able to build and maintain strong working relationships with insurance carriers and clients. Strong negotiating and technical skills are required to analyze information and prepare effective proposals and reports. The ability to prioritize and multi-task in a fast-paced environment will lead this individual to success!
Our Burnaby location is our head office and is centrally located in the Willingdon Business Park. This location is easily accessible by the Gilmore sky train station with many shops, restaurants and other amenities nearby.
The Responsibilities
Coordinates, plans and develops marketing initiatives for our clients
Negotiates terms for new business, renewals, and mid-term changes with insurance carriers
Gathers and organizes the information provided by Account Managers, Producers, internet, and other sources to facilitate the renewal and new business submissions
Reviews the expiry lists in advance and determines the following:
Which accounts should be sent to market
Which markets should be approached
What information is required by insurers for renewals and new business
Tracks and maintains a log of Insurers submission responses
Prepares insurance summaries, underwriting proposals and cover notes for the producers along with the senior placement team
Analyzes and reviews policy wordings to ensure the proper coverages are in place
Ongoing monitoring of the insurance marketplace. Maintains a current database of changing company "appetites"
Daily review of activities and follow ups with Insurers on outstanding items (endorsements, policy wordings, quotes etc.)
Review and compare quotations received to ensure accuracy and outline any coverage restrictions
Provide alternate carrier options as needed
Ensures that there are no gaps in coverage for our clients
Perform other specific duties and projects as assigned by management
Prepares a summary of losses paid by insurers vs. premiums paid by the insured to assist in negotiating terms.
Binding of coverage, preparing documentation, certificates of insurance, mid-term changes, etc. in a timely fashion.
Other duties & responsibilities as required
The Requirements
3+ years of Commercial Insurance experience ; if you are a commercial insurance advisor looking to transition to placement broking, this is the role for you!
Strong technical knowledge and experience working with and interpreting insurance policies
Highly detail oriented with a high level of accuracy
Good verbal and written communication skills
Must be highly tech savvy and able to work efficiently with excel
Ability to work in a team-based environment
Be able to prioritize and work in a fast-paced, dynamic environment with changing priorities
Asset experience that will make you stand out:
- EPIC and Policy Works experience an asset
The expected salary range for this position is $55,000 to $70,000 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level. HUB International is proud to offer comprehensive benefit and total compensation packages which could include extended health benefits, disability insurance, RRSP matching, paid-time-off benefits, and eligible bonuses, and commissions for some positions.
Where This Can Take You
We invest in our employees! We offer hands-on coaching and mentorship, alongside extensive training to ensure you succeed, today and tomorrow. Your journey with HUB can open doors to a diverse, rewarding career within the insurance industry and beyond!
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
If this sounds like a place you want to be or want to talk to us about the role and opportunities, contact us/apply now.
Our Culture Starts with You
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 work with URGENCY while providing a high level of PROFESSIONAL SERVICE towards our customers, communities, & colleagues.
You are a TEAM PLAYER who positively impact those around them; We MOTIVATE each other to GROW TOGETHER
You work with a high degree of INTEGRITY and ACCOUNTABILITY
To find associated positions at our HUB simply search myHUBbc as a keyword in the search bar on our careers page (https://www.hubinternational.jobs/jobs/?q=myhubbc) !
Department Account Management & Service
Required Experience: 2-5 years of relevant experience
Required Travel: No Travel Required
We endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact the recruiting team HUBRecruiting@hubinternational.com . This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.