Vice President, Carrier Strategies and Relations Job at Hub International Insurance, Toronto, ON

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  • Hub International Insurance
  • Toronto, ON

Job Description

ABOUT US

At HUB International we are a team of entrepreneurs. We believe in protecting and supporting the aspirations of individuals families and businesses. We help our clients evaluate their risks and develop solutions tailored to their needs. We believe in empowering our employees to learn grow and make a difference. Our structure enables our teams to maintain their own unique regional culture while leveraging support and resources from our corporate centers of excellence.

HUB is one of the largest global insurance and employee benefits broker providing a boundaryless array of business insurance employee benefits risk services personal insurance retirement and private wealth management products and services. With over $5 billion in revenue and almost 20000 employees in 600 offices throughout North America HUB has grown substantially in part due to our industry leading success in mergers and acquisitions.

Overview of Position:

HUB International continues to grow and transform. We are looking for an insurance professional with deep insurance and carrier knowledge combined with the ability to develop strategies for Business Insights to enable a deeper partnership with our carriers. This role will be working with carriers to focus on building out our value through risk engineering claims and building our overall value proposition with the carriers. This role will work in the Toronto office reporting to the National Chief Marketing Officer Canada and will work collaboratively with all regions practice leaders and the National CMO to provide business insights and develop strategies to grow our relationships with our key strategic partners supporting the Presidents Chief Marketing Officers and Chief Sales Officers across the HUBs in Canada. The goal is to determine growth strategies that include proprietary products programs pricing and partner with our carriers to create value for our clients through risk engineering and claims building a stronger and a differentiated proposition for our sales force allowing distinct market competitiveness. Support includes review of results determining where we need to focus initiatives to support and executing on initiatives.

Primary Responsibilities:

The VP Carrier Strategies and Relations serves as an integral role supporting National and Regional leaders developing strategies and strong carrier relationships.

  • Industry sector and vertical (external and internal) research and planning to support distribution strategy product development program development and sales focuses
  • Partner with and support Regional CMOs CSOs and COOs in driving successful results including Market intel carrier appetite and compensation models
  • Modelling CPC/GSC agreements and proactively forecast revenue including working with regional teams on gap filler initiatives
  • Assisting with revenue budget initiatives
  • Review and analysis of broker compensation plans and contracts
  • Unlicensed insurer placement compliance and strategy
  • Support national projects that enhance client placement
  • Support national projects supporting carrier placement and growth strategies including MGA and Lloyds placement strategies
  • Contract analysis and management of carrier and Lloyds partnerships
  • Build strong relationships with strategic partners

Qualifications and Experience:

  • University Degree or College Diploma in Business Administration or Finance or equivalent experience
  • 10 years experience in commercial insurance industry focused on financial and business analytics
  • Budgeting and forecasting experience
  • Contract management experience with emphasis on broker compensation programs
  • Effective negotiation and communication skills: verbal written and presentations
  • Strong collaboration and influencing skills at the Executive and Senior Management level
  • Business development or sales operations experience
  • Proficient in Microsoft Office: Word Excel PowerPoint and Power BI
  • Insurer company experience preferred
  • Effective influencing and negotiation skills
  • Strong attention to detail and time management

HUB International offers a full spectrum of insurance and related services including Property/Casualty Home & Auto Employee Benefits Wealth Management and Risk Services to a large and diverse client base. Internationally we are a leading insurance brokerage offering products and services with offices in Canada and the US. Take the first step toward creating a future that combines a diverse and challenging work environment in a rapidly growing company that offers significant opportunity for advancement and growth.

JOIN OUR TEAM

Do you believe in the power of innovation collaboration and transformation Do you thrive in a supportive and client focused work environment Are you looking for an opportunity to help build and drive change in a rapidly growing and evolving organization When you join HUB International you will be part of a community of learners and doers focused on our Core Values: entrepreneurship teamwork integrity accountability and service.

Department Account Management & Service

Required Experience: 10-15 years of relevant experience

Required Travel: Up to 25%

We endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact the recruiting team . This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.

Required Experience:

Exec

Job Tags

Full time, Contract work, Work at office,

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