Broker Assistant Job Description
Broker assistant
provides general administrative support to local marketing team and industry growth team leaders, as well as to the local office.
Broker Assistant Duties & Responsibilities
To write an effective broker assistant job description, begin by listing detailed duties, responsibilities and expectations. We have included broker assistant job description templates that you can modify and use.
Sample responsibilities for this position include:
Become the main broker on private and non-profit accounts
Support senior brokers on servicing of large public accounts
Communicates by e-mail, telephone, and written correspondence with underwriters, producers, and clients
Researches and answers questions from underwriters,producers, and clients
Learn various coverage forms and begin to perform coverage comparisons and analysis
Prepares draft proposals, submissions and quotes
Edits or revises documents as requested
Coordinates work with Client Service Specialists
Responsible for timely billing in order to facilitate processing and avoid cancellations
Maintain a diary system (via Nexsure) in order to comply with Aon best practices of policy issuance
Broker Assistant Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Broker Assistant
Typically a job would require a certain level of education.
Employers hiring for the broker assistant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and High School Degree in Education, Finance, Law, Economics, Marketing, Business, Accounting, Healthcare, Graphic Design, General Education
Skills for Broker Assistant
Desired skills for broker assistant include:
Formal continuing education
Insurance and CRC processes
Insurance industry and sales ideas through regular attendance of workshops
Literature reviews
Seminars
Medical industry
Applied/Epic and RMS systems
General office administration
MS Office
Medical industry and/
Desired experience for broker assistant includes:
Marketing new business opportunities and securing coverage to meet client needs
Reviewing renewal business to identify opportunities to broaden coverage and reduce rates
Assist in the creation and/or editing of presentation materials including flyers, leasing proposals, case studies, email blasts, invitations
Create and analyze comparisons of carrier quotes to demonstrate value and thoroughness for clients
Keep informed of changing insurance and risk market conditions
Collaborate and communicate with other client services teams and Shared Service Centers
Broker Assistant Examples
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Broker Assistant Job Description
Job Description Example
Our company is growing rapidly and is hiring for a broker assistant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for broker assistant
- Work with brokers to assist with business development activities, showings, tours and surveys
- Prepare and proofread all correspondence, memos, proposals, agreements, charts, tables, graphs, , for spelling, grammar and layout, making appropriate changes
- Execute trades based on the Registered Representatives' instructions
- Prepare reports and financial data
- Track sales progress
- Maintain a FINRA compliant filing system with all records
- Communicated with members and clients in a positive manner
- Provide cross-market support functions across both Regional and Local markets in a field office
- Daily broker support - pulling bills, running eligibility reports, pulling certificates/summaries
- Provide research (prospect, client, ) via online, offline and third-party resources and provide industry-related news, as needed, partnering with research department
Qualifications for broker assistant
- 3-5 years of experience working in an investment firm
- Series 7 License is highly preferred
- Prior experience with Wells Fargo Advisors preferred
- Insurance experience in underwriting and/or brokerage support with excess & surplus lines preferred
- BS/BA degree or relevant work experience
- 3-5 years work experience in customer/broker service
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Broker Assistant Job Description
Job Description Example
Our company is looking to fill the role of broker assistant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for broker assistant
- Support the broker and brokers team with any administrative job duties in the office
- Supporting the team in the role of Broker accreditation for the Group using the defined processes, seeking assistance from Compliance for terms of business agreement (TOBA) /regulatory issues and Legal for matters relating to TOBA wordings
- Supporting the team in the day to day maintenance of Broker records ensuring the highest data quality is achieved
- Supporting the team in the Production of Broker Risk Reviews for the Intermediary Monitoring Committee not limited to information from websites, annual reports, Companies House, Regulators, credit agencies, internal databases and Xchanging
- Preparing Broker Accreditation Reports for IMC reviewing regional decisions and highlighting any exceptions and any decisions to be made
- Collating workflow statistics to aid Broker monitoring and Broker relationship management
- Responding to Underwriter Broker requests and ad hoc queries either direct or through the Broker Accreditation Team mail box
- Undertaking compliance reviews of Broker accreditations ensuring regulatory requirements have been fulfilled TOBA issuance, regulatory approval
- Analyzing credit control reports by Broker
- Coordinate complex on/offsite meetings and conferences travel arrangements
Qualifications for broker assistant
- Ability to balance broker expectations
- At least 2 years of Sales experience in Maryland
- Broker's Licence in the State of Maryland Required
- Experience on the similar role would be an asset (ideally minimum one year)
- Minimum 2 years related work experience to include Real Estate Brokerage or Sales and Marketing
- Tertiary qualifications, preferably in Commerce, Business, Accounting or Economics
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Broker Assistant Job Description
Job Description Example
Our growing company is looking for a broker assistant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for broker assistant
- Assist the Broker with the placement of risks with various carriers
- Ensures quotes and binders are confirmed in writing, policies are issued promptly and accurately, state filings and taxes processed within applicable state laws
- Completes and files documentation
- Collaborates with Broker and associates with regards to coverages, changes in coverages, and perils
- Services the designated book of business as it relates to marketing, administration and sales
- Maintains compliance with Quality Control guidelines
- Preparing standard documentation
- Maintenance of client data in internal systems
- Preparing standard documentation (as claims handling procedure documents, cover letters with policies), policy summaries, cash flow report, loss statistic, and other internal and external reports
- Contact with clients and insurers
Qualifications for broker assistant
- Experience in customer Management and broad knowledge of processes and procedures
- Processing of broker fees to include invoice maintenance and lifecycle tracking, payment, ledger posting and query management (requiring internal and external communication)
- Capture and mapping of invoice information into team invoice log
- Involvement in the monthly Balance Substantiation and related Finance processes
- Partnering with global colleagues to provide transparency to brokerage spend
- Ongoing delivery of key risk indicators and MI
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Broker Assistant Job Description
Job Description Example
Our company is looking to fill the role of broker assistant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for broker assistant
- Assist the Broker in reviewing applications & obtain required information to determine proper placement of coverage
- Services the renewal book of business as it relates to marketing, administration and retention
- Maintains compliance with Quality Control guidelines reviewing documents for completeness & accuracy
- Communicate and maintain good rapport with both retail agencies and carriers
- Provide professional insurance broking service in accordance with the Service Approach to the existing client base
- Assist Principal Broker's with portfolio management and running of own small SME portfolio
- Assist with the development, implementation and management of risk management and insurance programs which accurately address client needs
- Establishing, development and maintenance of long term relationships with key decision makers
- Ability to acquire and understand an awareness of the client’s business and insurance needs
- Recognise new business opportunity and Identifying products which benefit the client and meet their needs
Qualifications for broker assistant
- General understating of U.S. economy and employee benefits industry
- Mitigation and reduction of operational risk through active participation in, and development of an effective control environment
- Preferably relevant Investment Banking experience within the brokerage functions
- IT-literate, with ability to use current generic desktop tools
- Good understanding of OTC derivatives product
- Bachelor degree in Marketing, Business Administration, Management or related fields
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Broker Assistant Job Description
Job Description Example
Our company is looking for a broker assistant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for broker assistant
- Liaising and negotiating with clients, underwriters and claims managers
- Develop and maintain technical understanding of relevant classes of insurance and specialist services which the company offers to its clients
- Liaise with the Claims team to ensure that clients’ interests are protected, and claims are settled in a timely manner
- Recognise new business opportunity and act as appropriate on them in a timely manner
- Working closely with the marketing team to coordinate and organize broker events and organize in-house events and functions with brokers
- Responding to generic enquiries and filtering mail and phone messages when required
- Manage invoice processing including the coding of all items and passing for payment to the relevant finance systems
- Providing Broker Service Agreement user access and review existing users access and rights / delete user accounts when required
- Perform daily system monitoring including review of broker agreements and facilities (daily review of around 2 to 3 agreements )
- Follow up with contract owners when information is missing
Qualifications for broker assistant
- Self-motivated with strong interpersonal skills and confident to work independently and take responsibility
- Detailed oriented and priority setting
- Positive attitude with eager to learn new things
- Proactive and can work under pressure
- Good command both writing and speaking English with experience of adapting your style and approach to the audience and message to be delivered
- One (1) or more years of successful insurance experience