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Licensed Sales Producer Responsibilities

Here are examples of responsibilities from real licensed sales producer resumes representing typical tasks they are likely to perform in their roles.

  • Generate sales of AAA products and services through in-bound calls and leads generate by the Internet.
  • Train in the organizational and regulatory mechanisms of Medicare and Medicaid and complying with enrollment regulations and HIPPA
  • Conduct needs analysis to determine the best solutions for Medicare needs.
  • Train in the organizational and regulatory mechanisms of Medicare and Medicaid and complying with enrollment regulations and HIPPA

Licensed Sales Producer Job Description

When it comes to understanding what a Licensed Sales Producer does, you may be wondering, "should I become a Licensed Sales Producer?" The data included in this section may help you decide. Compared to other jobs, Licensed Sales Producers have a growth rate described as "faster than average" at 10% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of Licensed Sales Producer opportunities that are predicted to open up by 2028 is 48,300.

Licensed Sales Producers average about $19.15 an hour, which makes the Licensed Sales Producer annual salary $39,834. Additionally, Licensed Sales Producers are known to earn anywhere from $30,000 to $52,000 a year. This means that the top-earning Licensed Sales Producers make $22,000 more than the lowest earning ones.

It's hard work to become a Licensed Sales Producer, but even the most dedicated employees consider switching careers from time to time. Whether you're interested in a more challenging position or just looking for a fresh start, we've compiled extensive information on becoming an Insurance Agent, Insurance Representative, Sales Representative Internship, and Insurance Broker.

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5 Licensed Sales Producer Resume Examples

Licensed Sales Producer Skills and Personality Traits

We calculated that 25% of Licensed Sales Producers are proficient in Customer Service, New Clients, and Life Insurance. They’re also known for soft skills such as Communication skills, Self-confidence, and Analytical skills.

We break down the percentage of Licensed Sales Producers that have these skills listed on their resume here:

  • Customer Service, 25%

    Delivered attentive and excellent customer service to concerned customers, while capitalizing on cross-sell opportunities.

  • New Clients, 9%

    Created extensive relationships with new clients to analyze and pinpoint property and casualty, life and retirement planning needs.

  • Life Insurance, 7%

    Develop new Life insurance opportunities.

  • Financial Products, 7%

    Cross sold other lines of business such as life and financial products.

  • New Customers, 4%

    Facilitated in closing new accounts for the Property and Casualty insurance* Maintained the existing accounts and provided annual and semi-annual reviews

  • Current Customers, 3%

    Sell Property and Casualty insurance to potential customers as well as assist current customers with questions about their insurance policies.

Some of the skills we found on Licensed Sales Producer resumes included "Customer Service," "New Clients," and "Life Insurance." We have detailed the most important Licensed Sales Producer responsibilities below.

  • Arguably the most important personality trait for a Licensed Sales Producer to have happens to be Communication skills. An example from a resume said this about the skill, "Insurance sales agents must be able to communicate effectively with customers by listening to their requests and suggesting suitable policies." Additionally, other resumes have pointed out that Licensed Sales Producers can use Communication skills to "Develop new customers on a daily basis through various communication. "
  • While it may not be the most important skill, we found that many Licensed Sales Producer duties rely on Self-confidence. This example from a Licensed Sales Producer explains why: "Insurance sales agents should be confident when making “cold” calls (calls to prospective customers whom they have not contacted before)." This resume example is just one of many ways Licensed Sales Producers are able to utilize Self-confidence: "Maintain client relationships, records, and confidentiality"
  • Licensed Sales Producers are also known for Analytical skills, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a Licensed Sales Producer resume: "Insurance sales agents must evaluate the needs of each client to determine the appropriate insurance policy." We also found this resume example that details how this skill is put to the test: "Interviewed prospective clients to obtain data about their financial resources and needs Telephoned policy holders to deliver and explain policy. "
  • A Licensed Sales Producer responsibilities sometimes require "Initiative." The responsibilities that rely on this skills are shown by this resume excerpt: "Insurance sales agents need to actively seek out new customers in order to maintain a flow of commissions." This resume example shows how this skill is used by Licensed Sales Producers: "Aligned and promoted marketing initiative by facilitating inter-office presentations throughout the Tampa Florida region in which outlined Effective Communication Strategies. "
  • See the full list of Licensed Sales Producer skills.

    Before becoming a Licensed Sales Producer, 54.1% earned their bachelor's degree. When it comes down to graduating with a master's degree, 3.8% Licensed Sales Producers went for the extra education. If you're wanting to pursue this career, it may be possible to be successful with a high school degree. In fact, most Licensed Sales Producers have a college degree. But about one out of every six Licensed Sales Producers didn't attend college at all.

    Those Licensed Sales Producers who do attend college, typically earn either Business degrees or Psychology degrees. Less commonly earned degrees for Licensed Sales Producers include Insurance degrees or General Studies degrees.

    Once you've obtained the level of education you're comfortable with, you might start applying to companies to become a Licensed Sales Producer. We've found that most Licensed Sales Producer resumes include experience from Advance Auto Parts, Freedom Mortgage, and Progressive. Of recent, Advance Auto Parts had 4 positions open for Licensed Sales Producers. Meanwhile, there are 2 job openings at Freedom Mortgage and 1 at Progressive.

    But if you're interested in companies where you might earn a high salary, Licensed Sales Producers tend to earn the biggest salaries at Yates Insurance Agency, American National Insurance, and Progressive. Take Yates Insurance Agency for example. The median Licensed Sales Producer salary is $39,834. At American National Insurance, Licensed Sales Producers earn an average of $39,338, while the average at Progressive is $38,971. You should take into consideration how difficult it might be to secure a job with one of these companies.

    View more details on Licensed Sales Producer salaries across the United States.

    The three companies that hire the most prestigious licensed sales producers are:

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      What Insurance Agents Do

      An insurance agent is responsible for inviting potential clients to the insurance company by offering different insurance services. Insurance agents must have a comprehensive knowledge of insurance types to provide the clients with the best insurance option in the market. The insurance agents should evaluate a client's long-term needs and financial goals to create individual packages as the insurance company allowed. An insurance agent also handles policy renewals and keeps customers' insurance files for reference.

      In this section, we compare the average Licensed Sales Producer annual salary with that of an Insurance Agent. Typically, Insurance Agents earn a $7,053 lower salary than Licensed Sales Producers earn annually.

      Even though Licensed Sales Producers and Insurance Agents have vast differences in their careers, a few of the skills required to do both jobs are similar. For example, both careers require Customer Service, New Clients, and Life Insurance in the day-to-day roles.

      There are some key differences in responsibilities as well. For example, a Licensed Sales Producer responsibilities require skills like "Customer Relationships," "Processing Payments," "Scheduling Appointments," and "Identify Customer." Meanwhile a typical Insurance Agent has skills in areas such as "Auto Insurance," "Casualty Insurance," "Long-Term Care Facility," and "Appropriate Forms." This difference in skills reveals how truly different these two careers really are.

      Insurance Agents really shine in the Finance industry with an average salary of $60,622. Whereas Licensed Sales Producers tend to make the most money in the Insurance industry with an average salary of $38,436.

      Insurance Agents tend to reach similar levels of education than Licensed Sales Producers. In fact, Insurance Agents are 4.1% more likely to graduate with a Master's Degree and 0.4% more likely to have a Doctoral Degree.

      What Are The Duties Of an Insurance Representative?

      An insurance representative serves as a client's point of contact in insurance companies. Their responsibilities include researching client opportunities, reaching out to potential clients to offer products and services, discussing terms and policies, providing detailed advice, and assisting in every procedure, ensuring convenience and client satisfaction. Aside from securing sales, an insurance representative may also process applications and claims while adhering to the company's policies and regulations. Furthermore, they may also perform clerical tasks such as handling calls and correspondence, arranging appointments, and maintaining records of all transactions.

      Next up, we have the Insurance Representative profession to look over. This career brings along a lower average salary when compared to a Licensed Sales Producer annual salary. In fact, Insurance Representatives salary difference is $21,146 lower than the salary of Licensed Sales Producers per year.

      Not everything about these jobs is different. Take their skills, for example. Licensed Sales Producers and Insurance Representatives both include similar skills like "Customer Service," "New Clients," and "Life Insurance" on their resumes.

      But both careers also use different skills, according to real Licensed Sales Producer resumes. While Licensed Sales Producer responsibilities can utilize skills like "Product Knowledge," "Sales Process," "Processing Payments," and "Identify Customer," some Insurance Representatives use skills like "Medicaid," "Data Entry," "Patient Accounts," and "Auto Insurance."

      Insurance Representatives may earn a lower salary than Licensed Sales Producers, but Insurance Representatives earn the most pay in the Government industry with an average salary of $52,403. On the other side of things, Licensed Sales Producers receive higher paychecks in the Insurance industry where they earn an average of $38,436.

      On the topic of education, Insurance Representatives earn similar levels of education than Licensed Sales Producers. In general, they're 1.1% more likely to graduate with a Master's Degree and 0.4% more likely to earn a Doctoral Degree.

      How a Sales Representative Internship Compares

      In a sales representative internship, an intern's duties depend on the directives of a supervising staff or manager. Typically, they are responsible for gaining industry insights while performing clerical tasks such as preparing and processing documents, greeting visitors, disseminating and organizing files, and running errands as needed. They may also participate in communicating with clients through calls and appointments to offer products and services, ensuring client satisfaction. Furthermore, as an intern, it is essential to familiarize and abide by the company's policies and regulations, including its vision and mission.

      Let's now take a look at the Sales Representative Internship profession. On average, these workers make lower salaries than Licensed Sales Producers with a $23,783 difference per year.

      While looking through the resumes of several Licensed Sales Producers and Sales Representative Interns we discovered that both professions have similar skills. These similarities include skills such as "Customer Service," "New Clients," and "Life Insurance," but they differ when it comes to other required skills.

      There are many key differences between these two careers as shown by resumes from each profession. Some of those differences include the skills required to complete responsibilities within each role. As an example of this, a Licensed Sales Producer is likely to be skilled in "Financial Products," "Current Customers," "Policy Changes," and "Customer Relationships," while a typical Sales Representative Internship is skilled in "Internet," "Powerpoint," "High Volume," and "Salesforce."

      Sales Representative Interns are known to earn similar educational levels when compared to Licensed Sales Producers. Additionally, they're 2.0% more likely to graduate with a Master's Degree, and 1.5% more likely to earn a Doctoral Degree.

      Description Of an Insurance Broker

      Insurance brokers are responsible for assisting clients to determine their liability risks and in selecting the appropriate policies for their family, home, business, or automobile to ensure their protection. They direct clients in creating a sound decision and supply them with a variety of quotes that best suit their needs. Their duties include demonstrating the benefits, terms, conditions, and suspension for a number of participating insurance policies. Also, they may negotiate lesser rates for their clients and continue in guiding these clients in technical issues like filing a claim or changing their insurance coverage.

      The fourth career we look at typically earns higher pay than Licensed Sales Producers. On average, Insurance Brokers earn a difference of $45,332 higher per year.

      While their salaries may vary, Licensed Sales Producers and Insurance Brokers both use similar skills to perform their jobs. Resumes from both professions include skills like "Customer Service," "New Clients," and "Life Insurance. "

      While some skills are shared by these professions, there are some differences to note. "Current Customers," "Customer Relationships," "Processing Payments," and "Communication" are skills that have shown up on Licensed Sales Producers resumes. Additionally, Insurance Broker uses skills like Auto Insurance, Brokerage, Independent Insurance, and Insurance Options on their resumes.

      Now, let's take a closer look at the financials in each career. The Finance industry tends to pay more for Insurance Brokers with an average of $79,831. While the highest Licensed Sales Producer annual salary comes from the Insurance industry.

      In general, Insurance Brokers reach higher levels of education when compared to Licensed Sales Producers resumes. Insurance Brokers are 5.6% more likely to earn their Master's Degree and 1.1% more likely to graduate with a Doctoral Degree.