Business Development Representative, P&C Group Captives

Reposted 7 Days Ago
Be an Early Applicant
San Francisco, CA
In-Office
90K-125K Annually
Junior
Insurance
The Role
The Business Development Executive is responsible for creating business strategies, building relationships with insurance agencies, communicating product values, and developing quotes for captive insurance programs.
Summary Generated by Built In
Strategic Risk Solutions Inc. (SRS), the world’s largest independent insurance company manager, is growing and looking for a strategic and driven Business Development Executive to join Garnet Captive – our division that administers group captive programs.
This remote Bay Area based position will be responsible for working with new and existing insurance agencies to educate and deliver on group captive products to their clientele.

Salary Range for the role is $90,000-$125,000 annually based on level of experience with additional commissions.Responsibilities and Duties
  • Create and execute business strategies for expansion of existing captive programs
  • Establish long-term agency relationships and ensure success of existing programs with a chief focus on continuous growth
  • Effectively communicate captive participation and the value proposition of captive programs
  • Review new business submissions and related underwriting data to develop quotes with carrier and vendor partners
  • Deliver effectively in a variety of presentation settings; formal, one-on-one, small and large groups, with peers, and leaders
Attributes and Skills
  • 1+ years of proven commercial lines experience; Property & Casualty
  • Experience within Captive/Alternative Risk nice to have
  • Established commercial broker relationships are strongly preferred
  • Ability and drive to foster new agency relationships
  • Performs work accurately and to the best of their ability, capable of problem solving
  • Desire to learn and grow in a dynamic team and provide feedback
  • Travel required; percentage dependent on location of candidates’ home office

About Strategic Risk Solutions
SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
 Garnet Captive Services, LLC was founded in 2002 with the goal of providing causality insurance solutions for mid-sized employers. Garnet Captive partners with an established network of high-quality insurance agents to deliver comprehensive group captive solutions covering workers’ compensation, commercial auto, and general liability. Since 2002, Garnet’s group captive programs have been incredibly successful in reducing premiums, stabilizing cost, and providing control of employers’ insurance programs. 
Offering a competitive salary and a comprehensive benefits package including life, medical, dental, 401k, and tuition reimbursement, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. SRS’ dedication to its people has established a company-wide network of colleagues committed to each other’s, as well as the Company’s, success. 
EOE
For more information on SRS, please visit www.strategicrisks.com
For more information on Garnet, please visit www.garnetcaptive.com
 
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The Company
HQ: Concord, MA
193 Employees
Year Founded: 1993

What We Do

Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020.

For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough.

Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by:

--Delivering outstanding service;
--Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits;
--Helping Clients succeed, particularly through our reputation for innovation; and
--Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients.

This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.

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