Carrier Relations Consultant

Job Description

SUMMARY

World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.

Founded in 2011, World is one of the fastest-growing insurance brokers in the U.S. with over 2,200 employees in over 260 offices across North America. We specialize in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.

Our rapid growth and market leading presence has created opportunities throughout the state and we offer top talent the choice to work from one of our multiple offices throughout the region.

POSITION SUMMARY

The Carrier Relations Consultant role works closely with the Chief Placement Officer to execute key corporate initiatives including enhancing Trading Partner incentive compensation, contributing to client acquisition and retention, enhancing World’s position with key Trading Partners, and direct experienced national and divisional Placement resources to World’s sales and service teams. These responsibilities are varied and include collaborating with World’s Trading Partners and key internal Corporate Function and Practice stakeholders.

Responsibilities include contributing to the implementation and maintenance of new and established procedures to support revenue growth by translating business needs into actionable steps. This role will also advise internal clients on using best practices and embracing corporate initiatives, provide placement and carrier relationship support and track key performance indicators.

JOB RESPONSIBILITIES

Monitor incentive compensation agreements including contingency, profit sharing, overrides, and other supplemental income plans with Trading Partners.

Quantify financial projections of incentive compensation plans based upon the World book of business performance with selected Trading Partners.

Manage the collection of Trading Partner experience reports monthly and organize appropriately.

Interface with network/aggregator facilities and aid with evaluation of economic value of the partnership.

Collaborate with the Licensing and Carrier Administration Teams for matters about Trading Partner contracts, agreements, profiles, addendums, and codes.

Identify, evaluate, and coordinate third-party software platforms.

Assist with preparation of presentations intended for internal and external audiences.

Provide guidance to other team members about best practices and professional standards.

Partner with key stakeholders and platform owners to execute Trading Partner relationship strategies.

Learn how each business segment works and consider ways to improve interaction amongst stakeholders.

Create and publish communications to inform associates and document enhancements to business processes.

Support CPO in executing corporate strategies across the enterprise.

Other responsibilities as assigned.

ESSENTIAL SKILLS/COMPETENCIES

Project/process management discipline and follow-through.

Compelling deductive reasoning skills.

Substantial inter-personal skills and associate engagement ability.

Effective listening and communication skills.

Collaborative nature.

Action-oriented, ambitious, initiative-taker.

Commitment to continuous learning and development.

Purposeful, results-driven, competitive, tenacious desire to win.

Persuasive communication, documentation, organization, presentation, and planning skills.

Advanced oral and written communication skills; strong presentation skills.

Strong analytical, integrative, and critical thinking skills.

Ability to work both independently and on client teams, including virtual work teams with members in different geographic regions.

Strong organizational abilities and flexibility to work in a performance driven environment managing multiple project priorities.

Ability to create strong relationships and work collaboratively with multiple stakeholders and end users.

Analytical person with a keen sense of individual ownership and accountability.

Perform detailed analysis on assigned projects, recommend potential business solutions, and aid with implementation.

Develop and incorporate organizational best practices into business applications.

Problem solving, ability to find and resolve problems promptly, gathers and analyzes information skillfully and maintains confidentiality.

WORK EXPERIENCE/JOB QUALIFICATIONS

3-5 years of insurance industry experience

COMPUTER SOFTWARE SKILLS

Proficiency with MS Office Suite, specifically Excel and PowerPoint.

EDUCATION

Business, finance, accounting, or data science degree from an accredited institution

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.

Powered by JazzHR

HbjfiPNjqt