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Commercial Lines Division Broking Leader - NJ / NY Metro - Iselin, NJ

Commercial Lines Division Broking Leader - NJ / NY Metro - Iselin, NJ

World InsuranceIselin, NJ, US
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Division Broking Leader

The Division Broking Leader is a strategic and influential senior broking leader with a proven ability to negotiate and drive optimal outcomes for clients and prospects across diverse market segments. The DBL leads and orchestrates all broking activities for new and renewal business, aligning with organizational goals for client retention and growth. The DBL demonstrates deep expertise in insurance coverages, carrier underwriting guidelines, alternative funding strategies, and evolving legislative frameworks. Builds and nurtures high-impact relationships with clients, carrier partners, and internal stakeholders, fostering collaboration and delivering exceptional value. Serves as a trusted advisor and thought leader, championing innovation and excellence in broking practices.

Essential Duties and Responsibilities

  • Lead placement strategy with World Client Advisors and Account Executives to achieve optimal outcomes for clients and prospective clients
  • Drive a competitive coverage placement process and demonstrate strong negotiation skills to achieve appropriate cost, coverage, and capacity targets for clients and prospective clients
  • Maintain productive and responsive relationships with underwriting managers, practice leaders, and business development managers of World's key Trading Partners
  • Participate as requested in client and prospective client introductory, strategic, planning, and proposal meetings, and represent World in a professional and responsive manner
  • Promote utilization of strategic Trading Partners critical to maintaining secure and dependable relationships for World to generate optimal outcomes for clients and prospective clients
  • Collaborate with peers and national resources as necessary to ensure client's and prospective client's coverage needs are comprehensively addressed
  • Manage business models in accordance with corporate KPIs
  • Exhibit strong leadership capacity in training, developing, supervising, and appraising associates to ensure they experience a productive and fulfilling career path at World
  • Productively and with clear vision, lead a team of diverse placement professionals who possess varying levels of expertise and skill in distant locations to achieve defined goals and objectives
  • Serve as primary internal source of information concerning market trends, pricing practices, and other underwriting policies
  • Assist in developing Broking Practice policies and procedures to support our commitment to continuous improvement
  • Maintain focus on World-authorized workflow and standard operating procedures to support the delivery of a consistent service model across the World enterprise

Skills / Competencies

  • Comprehensive understanding of World's scope of expertise, structure, distribution strategy, and value proposition
  • Broad and diverse knowledge of the global insurance industry marketplace including :
  • Middle market and large account segments
  • All property and casualty products
  • Excess and Surplus Lines marketplace and how to access
  • London and Bermuda market facilities
  • Property and Casualty program designs including guaranteed cost / first dollar, deductible / retention structures, quota share & layered property programs, liability towers, risk management, and alternative risk
  • Project / process management discipline and follow-through
  • Compelling deductive reasoning skills
  • Strong leadership capabilities
  • Substantial inter-personal skills and associate engagement expertise
  • Effective listening and communication skills
  • Collaborative nature
  • Action-oriented, ambitious, initiative-taker
  • Analytical and creative thinker
  • Commitment to continuous learning and development
  • Good understanding of complex property and casualty insurance programs, risk management, and alternative risk structures
  • Purposeful, results-driven, competitive, tenacious desire to win
  • Understands how to identify and apply corporate resources to achieve optimal outcomes for clients and prospective clients
  • Knowledgeable of the global insurance marketplace and keeps current with changing marketplace landscape
  • Strong ability to influence and negotiate with trading partner peers, and achieve optimal outcomes for clients and prospective clients
  • Leadership

  • Committed to working in a shared leadership environment and among cross-functional teams and promoting World values of collaboration, excellence, leadership, innovation, and integrity
  • Lead through empowerment, engagement, collaboration, feedback, and buy-in from others
  • Collaborate with Practice Leaders, Division Leaders, Division Growth & Service Leaders to ensure Broking objectives are in accordance with World corporate objectives
  • Stay aligned with customer acquisition strategies to ensure Broking activity effectively supports business growth initiatives
  • Support and embed World workflow processes and procedures
  • Represent World brand to the global marketplace in a professional manner
  • Identify creative ways to work more efficiently with our key trading partners
  • Identify and maintain close relationships with World's key trading partners decision-makers at regional management level
  • Encourage other associates to align with World initiatives, values, and principles
  • Confident to challenge those whose behavior's conflict with World values and principles
  • Qualifications

  • 10-15+ years industry experience in risk management and insurance brokerage, underwriting, and carrier relationship management role; or in combination
  • 5-10+ years in leadership role with high-performing, successful teams, including goal setting and associate performance review responsibilities
  • Complete understanding of a national insurance broker's sales, service, and broking platforms
  • Proficient in all Microsoft office products
  • Mid-level expertise with Excel
  • Active Property & Casualty license in NJ and / or NY
  • Preferred insurance designation such as CPCU, CIC, or ARM
  • 4-year college degree from an accredited institution or equivalent professional designation
  • Equal Employment Opportunity

    At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

    Compensation

    The base salary for this position at the time of this posting may range from $225,000 to $250,000. Individual compensation varies based on job-related factors, including business needs, experience, level of responsibility, and qualifications. We offer a competitive benefits package and variable pay programs.

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    Division Broking Leader Commercial Lines • Iselin, NJ, US

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