Commercial Lines Producer - IBC Insurance Agency Ltd
McAllen, TX 78501
About the Job
Commercial Lines Producers Enjoy:
- Starting base salary+ uncapped commissions
- Yearly residual commissions for retaining relationships
- New business commissions
- Potential to earn $150,000+ long term
- Leads furnished
- Opportunity to build and maintain a book of business
- Continuing education/certification reimbursement
- Travel and entertainment reimbursement
- Onsite sales mentorship from senior leadership
- W2 employment + full Benefits package
Essential Job Functions
New Sales
- Identifies and develops insurance prospects and appropriate markets.
- Responds to referrals quickly and effectively.
- Pre-qualifies insurance prospects for insurability and quality of risk.
- Creates and maintains client or prospect lists.
- Designs insurance plans and recommends coverage to clients.
- Surveys loss exposure, needs, and possible uninsurable or difficult to insure exposures for clients.
- Makes sales presentations to prospective and existing clients on new and renewal business.
- Completes and submits applications and related documentation as necessary.
- Develops, follows, and completes sales objectives.
- Requests and delivers policies to insureds.
- Educates clients concerning agency payment expectations and cancellation procedures.
- Acknowledges non-standard coverage limitations and binding restrictions to document file and lower errors and omissions exposures.
- Asks for referral from insureds to help generate new business.
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Responsibilities
Personal and Organizational Development
- Participate in mandatory sales meetings.
- Identifies training needs with assistance from Managers. Develops a personal improvement plan and takes responsibility for learning and improving technical and sales skills regularly.
- Reads and interprets technical manuals and insurance information from carriers, vendors, publishers, etc.
- Utilizes the Producer Worksheet.
- Inputs suspects, prospects, all sales activity into Goldmine Program.
- Enters client information into the Applied System.
- All training classes are mandatory.
- Position requires maintaining records, preparing various forms, verifying information and resolving common problems.
- Employee must perform other work as required or requested.
Requirements
SKILLS
- Ability to understand written and oral communication and to interpret abstract information.
- Ability to generate new business sales, retain existing business, and to close sales in insurance.
- Ability to carry out complex tasks with concrete and abstract variables.
- Ability to utilize computer programs and understand functionality.
- Ability to drive a vehicle, visit clients, and make related calls to others.
EDUCATION/KNOWLEDGE/EXPERIENCE
- High school diploma or equivalent.
- Must have all licenses as required by the State Department of Insurance to discuss and/or sell insurance. Must also be current on all Continuing Education (CE) credits needed to renew license.
- minimum 2years commercial insurance production
- Full knowledge of insurance products and usages.
- Adequate knowledge of rating procedures, coverages, and industry operations to effectively manage, maintain, and write assigned client and prospect lists.
- Full knowledge of insurance markets and reference to markets.
- Knowledge of insurance rating and underwriting procedures
Source : IBC Insurance Agency Ltd