Senior Commercial Risk Placement Broker

💰 ₹18,000 - ₹28,800 (Est.) 📍 Toronto 🕐 3 days ago

Job Description

Our Senior Commercial Risk Placement Broker is responsible for designing, securing, and managing effective insurance programs tailored to client risk exposures. This role involves working closely with producers, clients, and insurer partners to assess insurance needs, identify gaps, and provide innovative solutions.


Position type: Full-time, permanent
Role status: Replacement
Locations: Toronto or other offices

Primary Responsibilities

Manage an assigned commercial book of business across various industry sectors
Collaborate with producers and clients to assess risk exposure and coverage needs
Identify and address coverage gaps; upsell and cross-sell appropriate insurance solutions
Prepare detailed marketing submissions, proposals, and binders
Coordinate placements with insurer partners for both standard and specialty products
Manage complex placements for mid to large accounts ($50,000 to $1 million+), including U.S. and international risks
Utilize creativity in structuring proposals and product offerings to meet client needs
Ensure high-quality documentation and compliance with brokerage standards
Knowledge, Skills and Requirements

Licensing & Education

Active RIBO license in good standing (required)
Professional designations such as CAIB, CIP, or CRM are considered an asset

Industry Experience

7–10 years of Commercial Lines brokerage experience
Experience in Commercial Surety (POA) is an asset
Experience in placing all classes of insurance, including specialty products
Proven success handling mid-to-large multi-line accounts ranging from niche and $50,000 to $1 million in premium
Experience with US and International risk placements
Knowledge of specialty products and/or segment needs (e.g. Cyber, D&O, E&O) considered an asset
Experience in a “hard” insurance market cycle considered an asset

Technical & Analytical Skills

Strong technical insurance knowledge and analytical skills
Ability to identify coverage gaps and develop tailored solutions
Proficient in MS Office, EPIC, and PolicyWorks (required)
Ability to use creativity in structuring product proposals and documentation
Organized with strong time management skills
Self-directed with ability to manage multiple placements and complex accounts

Interpersonal & Sales Skills

Exceptional customer service skills with strong business acumen
Sales-driven approach to account management—includes upselling and cross-selling capabilities
Excellent interpersonal, communication, and negotiation skills
Team player—with a strong and positive work ethic
Adaptable and flexible in a dynamic environment

Work Environment Requirements

Must have company-approved and seamless remote work functionality and capability
Comfortable in a hybrid work environment (combining remote and in-office work as required)

Compensation Range: $85,000 to $135,000 annually

Compensation is based on a full-time 35-hour work week and will be dependent upon the successful candidate’s qualifications and experience, with consideration given to internal equity. It includes variable commissions and potential performance-based bonus.


Why Join Us

We offer an attractive compensation package and commission incentives, plus:

Hybrid work flexibility
Matching Group RRSP contributions
Two paid personal days each year
EFAP available through our group health benefits
Professional membership fees (including RIBO, IBAO, IIC)
Professional development and educational reimbursement
Free parking and professional office space
RRJ Insurance Group Ltd. is an equal opportunity employer and is committed to a workplace reflecting the diversity of the communities it serves. While we thank all applicants for their interest, only those selected for an interview will be contacted. If contacted for an interview, please inform us should an accommodation be required. RRJ does not use AI to screen and/or assess candidate applications.

 

💡 Quick Summary

Seeking a career-building opportunity? The Senior Commercial Risk Placement Broker position is now open for candidates interested in the Health Jobs sector. This role in Toronto offers a professional environment and growth potential.

Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Health Jobs is a plus.

Sponsored

Job Details

Company Name: KRGinsure

Frequently Asked Questions

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The expected salary for Senior Commercial Risk Placement Broker in Toronto is ₹18,000 - ₹28,800 (Est.) per month. Actual compensation may vary based on experience and negotiation.
No, Senior Commercial Risk Placement Broker is an on-site position based in Toronto. Candidates must be able to commute or relocate to this location.
Basic communication skills, a proactive attitude, and the ability to work in a team are required for Senior Commercial Risk Placement Broker. Previous experience in Health Jobs is a plus. Freshers may also apply depending on the employer's requirements.
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