Dealer Floor Plan - Insurance Expert

Overview

Inside the Role

The Dealer Floor Plan - Insurance Expert oversees the Floor Plan Insurance program for commercial vehicles. In overseeing the administration and execution of Floor Plan Insurance programs for commercial vehicles, this role partners with 400+ dealerships to tailor insurance solutions that meet their specific needs. In collaboration with the insurance team members, co-broker, and insurance companies; the Dealer Floor Plan Insurance Specialist develops innovative solutions and enhances the company's service offerings.

This role is responsible for ensuring the Insurance policies and practices are accurate, compliant, and aligned with the company’s objectives.

We provide a scheduled posting end date to assist our candidates with their application planning. While this date reflects our latest plans, it is subject to change, and postings may be extended or removed earlier than expected.

Pay offered dependent on knowledge, skills, and experience

Benefits include annual bonus program; 401k company contribution with company match up to 8 % as well as non-elective company contribution of 3 - 7% depending on age; starting at 4 weeks paid vacation; 13+ calendar holidays; 8 weeks paid parental leave; employee assistance program; comprehensive healthcare plans and wellness programs; onsite fitness (at some locations); tuition assistance and volunteer paid time off;

short-term and long-term disability plans.

• Floor Plan Insurance Management
  • Operate, control and develop the best option for our dealers in collaboration with our partners.
  • Oversee the administration and execution of Floor Plan Insurance programs for commercial vehicles.
  • Ensure policies are accurate, compliant, and aligned with the company’s objectives.
  • Collaborate with dealerships to tailor insurance solutions that meet their specific needs.

• Client Relationship Management
  • Develop and maintain strong relationships with dealerships and partners to enhance customer satisfaction and loyalty.
  • Serve as the primary point of contact for dealership inquiries and issue resolution.
  • Conduct regular check-ins with dealerships to assess needs and provide support.

• Operational Oversight
  • Monitor and analyze insurance performance metrics to identify opportunities for improvement.
  • Ensure efficient processing of insurance applications, claims, and renewals.
  • Collaborate with cross-functional teams to streamline operations and enhance service delivery.

• Regulatory Compliance
  • Stay up-to-date with industry regulations and ensure all insurance practices are compliant with federal and state laws.
  • Implement policies and procedures to minimize risk and exposure for the company.

• Training and Development
  • Conduct training sessions for team members on insurance products, processes, and best practices.
  • Provide ongoing support and coaching to enhance team capabilities and performance.

• Reporting and Analysis
  • Prepare regular reports on Floor Plan Insurance performance, sales, and customer feedback for management review.
  • Utilize data analytics to inform strategic decisions and improvements in insurance offerings.

• Team Leadership
  • Work together with a team of insurance professionals to achieve performance goals for the overall Floor Plan Program. Learn, train and develop solutions to enhance our overall insurance program.
  • Foster an environment of continuous learning and improvement within the team.

• Bachelor's degree in Finance, Business Administration, Insurance, or a related field or 8 years of relevant experience in lieu of degree.
• 5+ years of experience in the insurance industry, with significant experience in commercial vehicles or floor plan insurance.
• P&C Insurance license.
• Excellent communication and interpersonal skills, with a customer-focused mindset.

• Proven leadership skills and experience managing a team.
• Strong understanding of insurance products, underwriting, and claims processes.
• Ability to analyze data, identify trends, and make informed decisions.
• Familiarity with regulatory standards and compliance in the insurance industry.
• Proficiency in insurance…