Broker, Commercial Insurance

Posting Description

Business Line: Broking

Hours Per Week: 35 (Full-Time)

Location: Toronto, Ontario - Hybrid Setting (https://www.nfp.ca/about-nfp/find-an-office)

Job Details: Full-Time, Permanent Position, Current Vacancy

Wage Transparency: The base salary range for this position is $60,000 to $90,000. The base salary offered will be determined by factors including, but not limited to, experience, credentials, education, certifications, skill level required for the position, the scope of the position, and geographic location. Actual base salary offered will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

About The Role

NFP’s focus is on crafting smart solutions to the problems facing businesses today. We continue to cultivate a team with the frontline expertise required to understand the coverage needs of a wide spectrum of clients and create targeted strategies to address them.

We’re looking for a P&C Broker that will be responsible for marketing new and renewal commercial mid-market business, generally handling all aspects of the placements from initial market selection through policy delivery to the client. The P&C Broker’s primary focus is ensuring that all clients’ needs are promptly and accurately satisfied, all deadlines are met, and service standards are achieved.

What You’ll Do

• Proactively coordinate and manage broking around the renewal cycle in accordance with NFP’s service model standards and timelines
• Effectively negotiate with insurance carriers demonstrating an unmistakable command of the risk; drive financial and non-financial outcomes that support organic revenue development and retention
• Define success and direct broking activity, individually and amongst the team, to achieve the optimal outcome for the client/prospect; ensure a clear go-to-market strategy is in place for each broking engagement
• Review binders and policies to ensure terms and conditions are accurately reflected
• Attend client meetings as a part of the team to strengthen and hone client communication and presentation skills
• Collaborate with account management team and client to ensure complete, timely, and highly differentiated submissions are presented to markets, respond to carrier queries, compile carrier quote proposals and critically and comparatively analyze each, and present prospects or clients with a clear summary of the marketing process, and a proposal with recommendations
• Prepare coverage and wording comparisons, diagnostics, consolidated coverage/policy analyses, letters, and reports as required
• Develop productive business relationships with key insurance underwriters and local NFP account management teams
• Cultivate a thorough understanding of markets to better support clients and sales/service teams
• Build strong, abiding, trustful, and resilient relationships with carrier and wholesale partners
• Maintain accurate client and policy information in NFP’s Epic agency management system
• Develop and maintain a thorough knowledge of the insurance marketplace, products, and services

What You Bring

• Alberta Level 2 General Insurance Licence is required or to be obtained within 90 days of employment
• Typically, 3 – 5 years in Commercial insurance and product line experience; specialized industry experience is an asset
• Excellent written and verbal communication skills
• Ability to successfully interact with a variety of people
• Excellent negotiation skills – ability to adjust the approach to effectively drive optimal outcomes depending on different personalities
• Demonstrated ability to work independently and as part of a team
• Strong attention to detail with strong analytical skills, both quantitative and qualitative
• Excellent organizational skills with the ability to adjust to changing workloads and priorities
• Able to coordinate resources and responsibilities
• Self-motivated and determined with a positive attitude and a sense of urgency
• Proven technical competency and creativity demonstrating excellence in developing and delivering innovative property and casualty solutions
• Confident, poised, and interactive - when client-facing communicates effectively, demonstrate emotional intelligence, and understands how to tailor responses in a variety of dynamic situations
• Proficient in Microsoft Office Suite
• Experience with Epic (agency management system) a plus

Who We Are

NFP, an Aon company, is a multiple Best Places to Work award winner in Business Insurance who has also earned the 5-Star Diversity, Equity and Inclusion (DEI) award from Insurance Business magazine and the WORK180 employer endorsement. We are an organization of consultative advisors and problem solvers. We help companies and individuals around the globe address their most significant risk, workforce, wealth management and retirement challenges through custom solutions and a people-first approach.

Our personal commitment to our team and our clients have created long-lasting and successful relationships across our growing 300+ Canadian, U.K, and U.S. office locations. To learn more, please visit https://nfp.ca

What’s In It For You

NFP’s PeopleFirst culture offers a multitude of benefits to employees and is a great place to call home.

• A hybrid environment approach that keeps the best interests of our staff and our clients in mind
• Annual bonus plan for all employees
• Matching RRSP plan of 5% of salary
• Referral Commission Plan
• Generous benefits plan including Health Care Spending Account starting on the first day of employment
• Full support for continuing education & internal opportunities to grow as an insurance professional to advance career
• Reimbursement of license fees and professional membership dues
• A global team of industry leaders focused on employee retention, client growth, industry innovation, and collaboration

Our employees are the foundation of our success.

Our employees are the foundation of our success.

NFP is a big company - a growing, inclusive team of individuals supporting each other’s passions and engaging with the community.

Building a diverse, collaborative and innovative team requires leadership, deliberate action, and ongoing measurement. We actively support the well-being of our employees with benefits and programs driven by recognition, community, financial wellness tools, development and inclusion, fostering personal and professional growth that keeps us moving forward.

Beyond our office walls, we’re dedicated to serving the community around us. Every day we make proactive choices to take care of the communities in which we live and work. We contribute to different organizations, including Women in Insurance Cancer Crusade (WICC), Food Banks Canada, Indspire Canada and many more. From charity drives and community service outings to other company-sponsored events, our employees donate their time and raise funds on behalf of great causes across the country.

Our business is built on the personal level. Whether it’s in our offices, on a call, out in the field or anywhere you can find us in the world, we’re starting the conversations that create a more secure future for everyone.

Accommodations are available on request for candidates taking part in all aspects of the selection process.

Artificial Intelligence Disclosure: A.I. is not being used to screen, assess, or select applicants for the position.

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