Instnt Inc. is a public benefit corporation on a mission to bring inclusion and instant account opening experiences for businesses and their customers through proprietary technology, artificial intelligence, open standards and a collaborative effort in the identity governance industry. With Instnt AcceptTM the first fully managed customer acceptance solution with up to $100M in annual fraud loss warranty, businesses can onboard more good customers, grow their top-line revenue, and cut their operational costs without friction or fraud losses in minutes.
We are seeking a motivated and experienced Insurance Producer to join our team at Instnt who is redefining the financial services industry operating as a Managing General Underwriter (MGU) which helps financial institutions insure against fraud risk. The Insurance Producer will play a critical role in driving new business development and maintaining strong relationships with clients. The ideal candidate will have a deep understanding of specialty insurance products, and a passion for delivering exceptional service to clients.
Responsibilities:
- Client and Broker Relationship Management:
- Build and maintain strong relationships with existing clients, serving as the primary point of contact for all inquiries and service needs.
- Understand clients' risk management needs and provide tailored insurance solutions to meet their requirements.
- Help expand Instnt’s footprint through wholesaler and broker networks as needed.
- Product Knowledge and Expertise:
- Stay informed about the specialty insurance products and services offered by the MGU, including coverage options, underwriting guidelines, and pricing strategies.
- Provide guidance and advice to clients and brokers on product features, benefits, and limitations.
- Act as subject matter expert on product iterations and recommend changes to policies, guidelines and appetites as necessary.
- Underwriting Support:
- Collaborate with the underwriting team to gather necessary information and documentation for new business submissions.
- Assist in the underwriting process by reviewing applications, assessing risk exposures, and preparing submissions for underwriting review.
- Liaison with clients to ensure they have the proper context on our product, coverages and process.
- Market Intelligence and Industry Trends:
- Stay abreast of market trends, competitive landscape, and emerging risks within the specialty insurance industry.
- Provide insights and feedback to senior management on market opportunities and potential areas for expansion.
- Aspire to be at the cutting edge of insurance and be a spokesperson in the insurance industry for Instnt.
Qualifications:
- Bachelor's degree in Business, Finance, Marketing, or a related field. Relevant industry certifications (e.g., CIC, CRM) are a plus.
- Active insurance license required, preferably in one of the following states: NY, CA, or NJ.
- Minimum of 3 years of experience in insurance sales preferably within the specialty insurance market or excess and surplus lines.
- Excellent communication and interpersonal skills, with the ability to effectively negotiate and influence stakeholders.
- Strong analytical and problem-solving abilities, with attention to detail and accuracy.
- Ability to work independently and collaboratively in a fast-paced, team-oriented environment.
What We Offer: Generous benefits package to include unlimited PTO, fully remote workplace, generous leave for new parents, professional development, in person team get-togethers in NYC twice per year, a collaborative culture that welcomes innovative ideas, celebrates diversity and creates a sense of community and belonging.
Salary: $65k-85k plus uncapped commission and equity (placement within this range depends upon several factors, including the applicant’s prior relevant job experience, skill set, and geographic location)
We are an equal opportunity employer. M/F/H/V
