Insurance Broker Executive Salary in Taylorville, Illinois

Insurance Broker Executive Salary in Taylorville, IL

How much does an Insurance Broker Executive make in Taylorville, IL? The average Insurance Broker Executive salary in Taylorville, IL is $249,270 as of May 28, 2024, but the range typically falls between $205,939 and $305,671. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Insurance Broker Executive Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Broker Executive Salary $166,489 Taylorville,IL May 28, 2024
25th Percentile Insurance Broker Executive Salary $205,939 Taylorville,IL May 28, 2024
50th Percentile Insurance Broker Executive Salary $249,270 Taylorville,IL May 28, 2024
75th Percentile Insurance Broker Executive Salary $305,671 Taylorville,IL May 28, 2024
90th Percentile Insurance Broker Executive Salary $357,021 Taylorville,IL May 28, 2024
25% $205,939 10% $166,489 90% $357,021 75% $305,671 $249,270 50%(Median) Didn’t find job title? Click
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Check out Insurance Broker Executive Job Openings in Taylorville, Illinois

Commercial Insurance Broker

The Demarco Group - Chicago, IL

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Independent Insurance Broker

LifeSmart Senior Services - , IL

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Account Executive/Broker III Personal Lines

Aon Corporation - Chicago, IL

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Insurance Customer Service Representative Account Executive

Independent Insurance Agents of Illinois - Glen Carbon, IL

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What skills does an Insurance Broker Executive need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Customer Contact: Customer Contact is the process of handling a query of the customer before, during, and after the purchase of any product or service.

See More Skills
Presentation 4.95%
Futures 2.57%
Customer Contact 1.47%
Others 91.01%

What Should I Pay?

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Job Description for Insurance Broker Executive

Insurance Broker Executive 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. Being an Insurance Broker Executive ensures efficient operational processes. May lead the most complex accounts and deals. Additionally, Insurance Broker Executive 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. The Insurance Broker Executive 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. To be an Insurance Broker Executive typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Insurance Broker Executive in Taylorville, IL
  • The Demarco Group - Chicago, IL
    Hybrid Remote preferred but 100% is negotiable- We are seeking a qualified and licensed P&C SR Broker-SVP for a private national broker out of Downtown, Ch...
    - 3 Days Ago
  • LifeSmart Senior Services - , IL
    About the job. No experience necessary and fully remote work available. This is a 1099 (commission) direct pay from the carrier opportunity. LifeSmart Seni...
    - 4 Days Ago
  • Aon Corporation - Chicago, IL
    Posting Description. Account Executive / Broker III Personal Lines. Multiple positions. Aon Private Risk Management (APRM) designs, implements, and service...
    - 3 Days Ago
  • Independent Insurance Agents of Illinois - Glen Carbon, IL
    Working in the insurance industry can be a rewarding place for you to build a career. We are seeking team members who are. FUN, PASSIONATE, DRIVEN, LOYAL. ...
    - 1 Day Ago
  • Superior Insurance Partners - Champaign, IL
    Join Our Growing Team as a Commercial Lines Account Executive (AE). Are you passionate about delivering exceptional customer service. Do you thrive in a dy...
    - 5 Days Ago
Those that have already made the climb...
Ebrahim Busheri, Director of Investments
MANNING & NAPIER INC
Manning & Napier, Inc. is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public eq... More
Fiscal Year Ended in 2021
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Insurance Broker Executive Pay Difference by Location

Insurance Broker Executive salary varies from city to city. Compared with national average salary of Insurance Broker Executive, the highest Insurance Broker Executive salary is in San Francisco, CA, where the Insurance Broker Executive salary is 25.0% above. The lowest Insurance Broker Executive salary is in Miami, FL, where the Insurance Broker Executive salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Insurance Broker Executive, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
205939
305671
249270

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
238820
382388
296487
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Broker Executive in Taylorville, IL. The base salary for Insurance Broker Executive ranges from $205,939 to $305,671 with the average base salary of $249,270. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $238,820 to $382,388 with the average total cash compensation of $296,487.
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How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

205939
305671

 

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About Taylorville, Illinois    Taylorville is a city in and the county seat of Christian County, Illinois, United States. The population was 11,427 at the 2000 census, making it th....More

Taylorville, Illinois  area prices were up 1.3% from a year ago    View the Cost of Living in Taylorville, Illinois

Insurance Broker Executive Salary in popular cities: Chicago, Aurora, Rockford

Skills associated with Insurance Broker Executive: Insurance Products, Negotiation, Partner Relationship Management, Risk Assessment ...More

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