Who We Are NFP, an Aon Company, is a multi-year Best Places to Work award winner in Business Insurance. 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. To learn more, please visit: https://www.NFP.com.
NFP is looking for an individual to join our Financial Lines and Management Liability team for the US. This person is responsible for broking new and renewal business, handling all aspects of the placements from initial market selection through policy delivery to client. The VP, Broker typically focuses on the largest and most complex placements, while serving in a leadership capacity to mentor and develop staff while cultivating strong insurer and insurer-client-broker relationships.
What You'll Be Doing
Proactively coordinate and handle broking around the renewal cycle in accordance to NFP’s service model standards and timelines
Demonstrate exceptional negotiation skills – capable of interacting with audiences of various seniority within client, carrier, wholesale and specialty organizations; effectively manage difficult scenarios and collaborate with Broking Team Leader on alternatives and solutions
Complete client/prospect placements demonstrating an unmistakable command of the risk to be placed and a clear focus on driving the optimal outcome in both financial and non-financial terms
Collaborate with team and client to ensure complete and timely submissions, respond to carrier queries, compile and analyze carrier quote proposals, and present clients with a transparent summary of the marketing process and a proposal with recommendations
Develop creative solutions to effectively address difficult placement scenarios; lead the process and drive outcomes to enhance customer satisfaction around key deliverables
Lead team members in preparation of proposal presentations for existing and prospective clients
Support team members in responding to client queries and concerns to resolve issues promptly
Prepare detailed and complex coverage and policy comparisons, diagnostics, consolidated coverage/policy analyses, letters, and reports under the direction of the Broking Team Leader
Develop strong, productive, trustful and resilient relationships with carrier and wholesale partners and their staff, NFP local office teams and NFP Producer teams nationwide
Provide oversight and ensure the accuracy of client and policy information in NFP’s Epic agency management system
Drive deployment of data and analytics to provide meaningful program insight for clients and the broking team
Develop differentiated client services through a thoughtful and sound execution of the client stewardship process that enhances the quality of client relationships
Lead by example in completing NFP’s broking strategies, including strategic carriers, panels, and preferred wholesaler utilization
Build and maintain detailed knowledge of insurance marketplace, products and services
Who You Are
Excellent leadership and portfolio management skills
Excellent written and verbal communication skills
Sound understanding of broker operating fundamentals and financials
Excellent organizational skills with ability to adjust to changing workload, work complexity and priorities
Ability to work collaboratively as a key team member and coach to junior team members
Strong attention to detail with strong analytical skills, both quantitative and qualitative
Proven technical competency and creativity demonstrating excellence in creating and delivering innovative property and casualty solutions
Proficient in Microsoft Office Suite
Experience with Epic (AMS) a plus
Education And/or Experience
Bachelor’s degree or equivalent experience
Minimum seven years insurance experience
Team leadership experience a plus
Certificates, Licenses, Registration
P&C; License required or obtained within 90 days of employment
Advanced industry designation(s) (e.g. CPCU, CIC, ARM) preferred
What We Offer We're proud to offer a competitive salary, PTO & paid holidays, 401(k) with match, exclusive discount programs, health & wellness programs, and more. Our PeopleFirst culture focuses on building and nurturing lifelong relationships with our employees because, at the end of the day, we exist to be there for others.
The base salary range for this position is $150,000 – $170,000. 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.
NFP and You... Better together! NFP is an inclusive Equal Employment Opportunity employer.
2587827
📌 VP, Broker - Financial Institutions Group (Toronto)
🏢 Aon
📍 Toronto