Job Description
Job Description
Description :
WHY JOIN CHOICE INSURANCE, A VIZANCE COMPANY?
Vizance has nearly 300 associates in 15 locations throughout North Dakota, Minnesota, and Wisconsin and is among the top 1% of all insurance agencies in the United States, based on agency revenue. We are an independent insurance agency with a proven track record of success and have earned several awards, including Top Workplaces, Best Places to Work, Future 50, and Fastest Growing Firms, and we are proud to be a Minority-Owned Business Enterprise (MBE). Our vision is to be the leader in associate loyalty and client relationships.
The Employee Benefits Practice Leader serves to advance the company’s vision, values, and strategy through leadership to the associates of the Employee Benefits & Individual Health practice group and assumes responsibility for the department’s overall strategy, performance, and culture. The Practice Leader will be expected to develop and maintain a comprehensive prospecting and sales plan that will help drive new business and retention, manage a book of business, and mentor Sales Advisors in meeting their professional and personal goals.
WHAT YOU WILL DO
Develop and maintain strategy for the department
- Set 12 - 24 month strategy and execution for the department
- Communicate department strategies and processes to Regional President, Director of Insurance, Sales Team Leaders, and Service Team Leaders
- Provide oversight for shared resources for the department
- Keep pulse on industry trends and competitors and research / suggest value added resources as warranted
- Advocate for the department and provide ongoing feedback to Executive Leadership
- Promote revenue, profitability, and growth to meet or exceed goals and benchmarks
- Ensure that the department is adhering to the Strategic Plan set by the Leadership Team
- Oversee department operations to ensure production, efficiency, quality, service, and cost-effective management of resources
- Participate in product and process development, including new products, programs, and value-added services
- Develop niche and association products
Promote revenue growth
Engage in prospecting and business developmentDevelop and implement strategies and strategic partnerships for generating resources and / or revenues for the departmentAcquire new accounts and retain clients, working in partnership with a service-oriented teamParticipate in, and contribute to, developing effective marketing and sales strategies, tactics, and systems for the departmentUtilize a unique structured sales process which differentiates us from other agenciesAlign clients with the right insurer while providing a consultative approachDevelop a strong knowledge of our resources and services and promote cross-selling opportunitiesAdvance toward becoming a Vizance shareholderProvide mentoring to new advisorsAccompany advisors on sales calls, renewal appointments, and service calls as requested by Regional Presidents and provide constructive feedbackAssist in leading sales training sessions as requestedMaintain profitability
Maintain EBITDA margin of 20% or greater for the department (NUPP fixed as a percent of Total Revenue)People management, recruitment, and development
Meet or exceed annual goal set for hiring additional advisors for the departmentParticipate in personnel and staffing level decisions within the departmentServe as a resource for Regional President regarding personnel issuesSupport career development and succession planning for team membersRegularly monitor key performance indicators (KPIs) and conduct annual performance reviewsCollaborate with Executive Leadership in the interest of reaching agreement for personnel changes being recommended, including hiring and firing decisionsParticipate in recruiting, conducting interviews, hiring new staff, and providing orientationEnsure appropriate service staff levels are maintained in department to provide excellent client servicePromote the company’s culture within the department
Put our Associates FirstCommunicate the company vision and plans into the department, utilizing Executive Leadership, Sales Team Leaders, and Service Team Leaders as necessary to effectively communicateConsistently communicate and practice our culture - promote a climate where the truth is heard, and promote high morale among associatesEnsure that the department adheres to high ethical standardsHelp resolve escalated conflicts as requestedPromote practices and procedures that allow autonomy within the system and empower associates to use their talents and take actionParticipate in community functions and give back to the communities in which we live and workPresent a unified front to associates regarding company positions and decisions; take ownership of the decisions as if they were your own, regardless of discussions held privatelyEnsure the department follows the system
Monitor key financial and performance dataImplement leadership strategies that build effective team leaders and create an organized, cohesive, and effective structure within the departmentFully support the company’s position on the importance of documented procedures and their consistent use by all associatesCommunicate and suggest ideas for improving department processes and procedures, equipment, tools, and resources, or any other ideas that would benefit the departmentEnsure the system allows advisors to focus on selling new business consistently and ensure that advisors are correctly following the sales team workflowsMonitor and analyze weekly sales activities and reportsEnsure that department meetings are occurring and attend as warrantedProvide input for performance reviews for associates as requested by Regional President and participate as warrantedEnsure the department follows the system
Determine carrier strategy for the company along with Regional President and Director of InsuranceCultivate relationships with carriers at all levels, particularly at the higher levelsAssist Director of Insurance and Regional President in establishing incentive programs with carriers, monitor progress, and execute to maximize resultsAddress conflicts with carriers on behalf of department associatesEstablish and commit to annual production and profitability goals and monitor resultsReview carrier universe and seek to add or terminate carriers as warrantedOther
Other duties as assignedWHAT YOU WILL ENJOY
Unlimited income potential : compensation begins with salary plus commission, and transitions to commission-basedAnnual bonus potential and yearly sales incentive tripComprehensive benefits including medical, dental, vision, life, and disability insurance401(k) matchPaid training and education“Associate First” culture with multiple events throughout the yearSecurity of working for a stable, independent agency with a strong history of growth and a defined path for internal successionA supportive team environment that celebrates successOpportunities for growthRequirements : WHAT YOU WILL BRING
Effective leadership and strategic thinkingA minimum of five years of experience with Life & Health insurance salesPrior experience in people managementActive Life & Health Insurance licenseA proven track record of closing salesDesire to create and nurture relationships with clientsExpert knowledge of Life and Health insurance coveragesStrong interpersonal communication and negotiation skillsEntrepreneurial and growth mindsetBachelor’s degree (preferred)