About Us:
Galaxy is a leading provider of comprehensive insurance solutions, specializing in multiple lines of insurance tailored to meet the unique needs of businesses. We pride ourselves on our commitment to exceptional service, innovative solutions, and building long-lasting relationships with our clients. We are seeking a motivated and experienced Licensed Insurance Broker to join our team. This role offers a highly competitive commission structure AND EQUITY IN YOUR BOOK OF BUSINESS, allowing brokers to earn significant income based on their performance.
Job Description:
As a Licensed Insurance Broker, you will be responsible for developing and managing a portfolio of clients. This role involves understanding clients' insurance needs, providing expert advice, and delivering customized insurance solutions. The ideal candidate will have strong industry knowledge, excellent communication skills, and a proven track record in an insurance brokerage. This position offers a lucrative commission structure, with brokers earning a 75% commission on new business and a 50% commission on renewals. As you build up your book up business, your renewals (salary) increases heavily with your high commission structure. We are giving you the tools to really be your own boss and build your own insurance book with great pay.
Key Responsibilities:
- Client Acquisition and Management:
- Identify and target potential clients through various channels, including networking, referrals, and direct outreach.
- Build and maintain strong relationships with new and existing clients, understanding their business operations and risk exposures.
- Conduct thorough needs assessments to recommend appropriate insurance coverages and solutions.
- Policy Placement and Management:
- Negotiate with insurance carriers to secure the best coverage and terms for clients.
- Prepare and present insurance proposals to clients, explaining coverage options, terms, and pricing.
- Manage the renewal process, ensuring timely communication with clients and carriers to maintain continuous coverage.
- Risk Assessment and Mitigation:
- Analyze clients' risk profiles and provide recommendations for risk management and mitigation.
- Collaborate with clients to implement risk control measures and improve their insurability.
- Customer Service and Support:
- Provide exceptional customer service by promptly addressing client inquiries, resolving issues, and handling claims.
- Conduct periodic reviews of clients' insurance programs to ensure they remain aligned with their evolving needs.
- Compliance and Documentation:
- Ensure all transactions and client interactions comply with regulatory requirements and company policies.
- Maintain accurate and up-to-date client records and documentation.
Qualifications:
- Bachelor's degree in Business, Finance, Risk Management, or a related field preferred, but not required.
- Proven experience as a Commercial Insurance Broker or similar role within the insurance industry.
- In-depth knowledge of commercial insurance products, market trends, and regulatory requirements.
- Strong negotiation, analytical, and problem-solving skills.
- Excellent verbal and written communication skills.
- Ability to build and maintain strong client relationships.
- Proficiency in using insurance brokerage management software and Microsoft Office Suite.
- Relevant insurance licenses (e.g., Property and Casualty) required.
Compensation:
- Commission Structure:
- 75% commission on new business.
- 50% commission on renewals.
- Equity in your book of business.
- Benefits:
- Flexible working hours and the ability to work remotely.
- Access to a wide range of insurance products and carriers.
- Comprehensive support and resources from the company to help you succeed.
How to Apply:
Interested candidates are invited to submit their resume and a cover letter detailing their qualifications and experience VIA indeed apply or directly to Cameron@insuredbygalaxy.com with the subject line "Licensed Insurance Broker Application – [Your Name]." Applications will be reviewed on a rolling basis until the position is filled.
Equal Opportunity Employer:
Galaxy Insurance Group is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Job Types: Full-time, Part-time
Pay: $48,000.00 - $144,000.00 per year
Benefits:
- Flexible schedule
- Paid time off
- Parental leave
- Work from home
Supplemental pay types:
- Bonus opportunities
- Commission pay
Weekly day range:
- Monday to Friday
- Weekends as needed
Work setting:
- Hybrid work
- In the field
- Office
Work Location: Hybrid remote in Wichita, KS 67206