Insurance Program Managers Group · 5 hours ago
Insurance Brokerage Trainee
St. Charles, IL, US
Full-time
Hybrid
Entry Level
$40K/yr - $50K/yr
2+ years expInsurance Program Managers Group is seeking an Insurance Brokerage Trainee to start a career in the insurance industry. This role provides extensive training in various positions within the Brokerage Unit, including Account Manager, New Business Underwriter, and Business Development Rep, with a focus on learning the account lifecycle and underwriting processes.
Financial ServicesInsurance
Responsibilities
Review and analyze all types of Workers Compensation (WC) & Admitted Package Business (APB) renewal business
Determine pricing for new business, renewals and commissions based on carriers’ standards
Work independently to create new revenue for the Brokerage unit by retaining renewal premiums, making commission decisions and negotiating pricing terms in the assigned territory while also supporting other territories in meeting their goals
Develop new ideas to help improve existing procedures and streamline processes
Utilize carrier websites for rating comparisons
Provide assistance and support for fellow team members on WC & APB renewal marketing and day-to-day servicing as needed
Input data (emails, quotes, supplemental applications, etc.) into the insurance policy management system and carrier websites
Make agent calls and send emails to prospective clients
Use multiple platforms including but not limited to, Hubspot, AIM, Outlook and others
Limited travel to agents and carriers for visits, outings, tradeshows, etc
Meet company quality and time service standards for all work
Maintain timely phone service and email responses to Agents and Carriers
Bind new business for Underwriters or requote accounts as needed
Locate new agents in different territories and contact them by phone or email
Work with multiple teams and territories to help achieve goals
Utilize all available sources of information for underwriting purposes, including NCCI, WCIRB, websites, state business websites, carrier websites, searching for risks, etc
Follow established workflow procedures for policies, endorsements, audits, cancellations, reinstatements, binding/invoicing, ordering carrier loss runs/risk modsheets, etc
Qualification
Required
Extensive knowledge of all Microsoft Office Programs
Comfortable working on a high-volume, fast-paced production team
Strong data entry experience
Strong written and oral communication skills
Ability to work independently, prioritize, and multi-task
Resourceful, organized, self-directed approach
Desire to learn and grow within the insurance industry
Insurance Producer's License for Casualty and Fire, or the ability to obtain licensure within a set time period
Preferred
Knowledge of insurance
2+ years of working in an office setting or on a team
College degree
Benefits
20 days of PTO each year
12 Holidays, 2 floating days of your choice and YOUR BIRTHDAY off!
Medical, dental and vision coverage on day one of full-time employment
Telemedicine is free for you and your family (day one) if you are covered under our medical plan.
401k match
Professional development support
Flexible time off with an encouraged minimum time away to support a healthy work-life balance.
Life Insurance, Short term, and long-term disability on day one of full-time employment
Onsite fitness center and showers, in our St. Charles, IL HQ office
Company
Insurance Program Managers Group
At IPMG, we are committed to helping independent agents/brokers and their clients thrive by delivering superlative products and services that can bring transformative change.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Gregg Peterson
President/CEO
Matt Reed
CFO
Company data provided by crunchbase