Insurance Brokerage & Placement Specialist

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Job description

We Listen.

We Customize.

We Care.

M&T Insurance Agency, Inc., is the wholly owned property and casualty insurance subsidiary of M&T Bank. M&T Insurance Agency is licensed in nearly all fifty states and represents clients at the local, regional, national and international levels.

We offer a unique combination of innovative products and services to meet the rapidly changing needs of our clients. We have relationships with some of the largest insurance companies in the world, which gives us access to a wide range of coverages.

Our business units serve a wide range of industries, including manufacturing, retail, service, construction, environmental, real estate, transportation, non-profit, healthcare, technology, telecommunications, and energy. We specialize in Commercial, Personal, Surety & Executive Protection, and Group Benefits.

M&T Insurance Agency is headquartered in Buffalo, NY, where the company was founded in 1955. The agency maintains six offices throughout the Northeastern United States and the Mid-Atlantic.

Overview:

Provides insurance brokerage and placement services utilizing the technical knowledge to meet the insurance needs of large and highly complex segment of clients. May supervise less experienced personnel.

Primary Responsibilities:

• Provide technical leadership and participate in new business development

• Assess customer needs and negotiate high risk activity with carriers to obtain favorable coverages and rates that meet customer needs

• Maintain in-depth knowledge of the insurance marketplace. Establish and maintain strong, productive relationships with insurance company underwriters and brokers to obtain most competitive pricing, terms and conditions for large and highly complex clients.

• Review and analyze insurance programs (coverage, limits, deductibles, retentions, classifications, etc.) for new and renewal business submissions; recommend improvements to strengthen insurance coverage.

• Analyze, evaluate and review insurable exposures, loss information, experience modification data and insurance industry trends, as applicable.

• Prepare new business and renewal proposals and other presentation documents to assist sales efforts of agency producers

• Collaborate with agency producers and service team to ensure marketing expectations are being met, agency procedures are followed and marketing activities are adequately documented in agency management system.

• Complete other related duties as assigned.

Education and Experience Required:

Bachelor's degree and a minimum of 8 years' Property & Casualty underwriting, account management and/or brokerage and placement experience,

OR in lieu of a degree,

A combined minimum of 12 years' higher education and/or work experience, including a minimum of 8 years' Property & Casualty underwriting, account management and/or brokerage and placement experience

Strong written and verbal communication skills

Education and Experience Preferred:

Ability to obtain state Brokers License

Experience working in pertinent agency management system

M&T Offers:

• Competitive salary

• Medical/Dental/Prescription/Vision/Life Insurance

• Long & Short-Term Disability at no cost

• PTO + 12 paid holidays/PTO buy

• Health Savings & Flexible Spending Accounts

• 401(k) with 5% match/Roth/Discretionary Employer Contribution

• Stock Purchase Plan

• Diversity & Inclusion Council

• 14 Resource Group charters with 69 chapters

• D&I Sponsorship Program

• Wellness Programs

• Employee Discounts

• Dress for your day!

Check us out at

Location

New York, New York, United States of America