Insurance Broker Executive Salary in New Jersey

How much does an Insurance Broker Executive make in New Jersey? The average Insurance Broker Executive salary in New Jersey is $254,649 as of October 30, 2019, but the range typically falls between $210,348 and $312,283. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession. View the Cost of Living in New Jersey

About New Jersey    New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa....More

Job Description

Directs the marketing of customer business to different insurance carriers to obtain quotes based on an evaluation and analysis of the customer's insurance needs and requirements. Leads team to obtain and negotiate quotes from different carriers, meet profitability targets, drive customer satisfaction and retention. Ensures efficient operational processes. May lead the most complex accounts and deals. Has deep knowledge of complex insurance products and multiple lines such as commercial property & casualty, employee benefits, and others. Requires insurance licensing. May also require professional credentials such as CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management). Requires a bachelor's degree. Typically reports to senior management. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2019 Salary.com)

Select a city to view specific salary and bonus information for Insurance Broker Executive

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Location Avg. Salary Date Updated
Location Absecon, NJ Avg. Salary $243,288 Date Updated October 30, 2019
Location Adelphia, NJ Avg. Salary $258,597 Date Updated October 30, 2019
Location Allamuchy, NJ Avg. Salary $256,660 Date Updated October 30, 2019
Location Allendale, NJ Avg. Salary $260,885 Date Updated October 30, 2019
Location Allenhurst, NJ Avg. Salary $259,212 Date Updated October 30, 2019
Location Allentown, NJ Avg. Salary $255,459 Date Updated October 30, 2019
Location Allenwood, NJ Avg. Salary $258,875 Date Updated October 30, 2019
Location Alloway, NJ Avg. Salary $241,052 Date Updated October 30, 2019
Location Alpine, NJ Avg. Salary $260,659 Date Updated October 30, 2019
Location Andover, NJ Avg. Salary $258,378 Date Updated October 30, 2019

Career Path for this job

  1. Down a level:

    Insurance Managing Broker

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Broker Executive


    Bachelor's Degree

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