Summary World Insurance Associates is a unique insurance organization offering top products and services from major providers combined with attentive service from local agents.
Founded in 2011 World is one of the fastestgrowing insurance brokers in the U.S. with over 2200 employees in over 260 offices across North America. We specialize in personal and commercial insurance lines surety and bonding employee benefits financial and retirement services and human capital management solutions.
Our rapid growth and market leading presence has created opportunities throughout the state and we offer top talent the choice to work from one of our multiple offices throughout the region.
POSITION OVERVIEW Strong ability to influence and negotiate with trading partner to achieve optimal outcomes for clients and prospective clients. Independently coordinate placement activities on complex new and renewal business in support of business retention and production goals. Be knowledgeable of applicable coverages carrier guidelines alternative funding arrangements underwriting and legislative changes. Build and grow relationships with clients carrier representatives and fellow World associates.
WORK EPXERIENCE/JOB QUALIFICATIONS
7 to 10 years industry experience in Cyber Technology E&O and Intellectual Property brokerage placement and carrier underwriting; or in combination
Experience in providing guidance and mentorship to junior placement associates
Complete and thorough understanding of a national insurance brokers sales service and placement process
RESPONSIBILITIES
Comprehensive understanding of Worlds scope of expertise structure distribution strategy and value proposition
Broad and diverse knowledge of the global insurance industry marketplace including:
Middle market and large complex account segments
Cyber Technology E&O and Intellectual Property insurance products
Excess and Surplus Lines marketplace and how to access
London and Bermuda market facilities Program designs including guaranteed cost/first dollar deductible/retention structures liability towers risk management and alternative risk
Coordinate placement strategy with World Client Advisers and Account Executives to achieve optimal outcomes for clients and prospective clients
Lead a competitive coverage placement process and demonstrate strong negotiation skills to achieve appropriate cost coverage and capacity targets for clients and prospective clients
Maintain productive and responsive relationships with underwriting managers practice leaders and business development managers of Worlds key Trading Partners
Participate as requested in client and prospective client introductory strategic planning and proposal meetings and represent World in a professional and responsive manner
Promote utilization of strategic Trading Partners critical to maintaining secure and dependable relationships for World to generate optimal outcomes for clients and prospective clients
Collaborate with National Placement resources as necessary to ensure clients and prospective clients coverage needs are comprehensively addressed
Establish program design recommendations and articulate suggested placement strategies in conjunction with the Client Advisor and/or Account Executive
Assist with the preparation of submissions and applications required by the underwriting community
Direct submissions to appropriate trading partners and negotiate best in class coverage terms conditions capacity and cost
Prepare coverage comparisons based upon quotations and proposals received from underwriters
Participate in prerenewal and proposal meetings with clients and prospective clients as needed or upon request by the Client Advisor and/or Account Executive
Serve as primary internal source of information concerning market trends pricing practices and other underwriting policies
Act as a thought leader on behalf of World on industry panels webinars and social media
Assist with placement and insurance program aspects of stewardship reports where required
Maintain focus on Worldauthorized workflow and standard operating procedures to support consistency across the World enterprise
ESSENTIAL SKILLS/COMPETENCIES
Technical knowledge of insurance contracts and structure
Project/process management discipline and followthrough
Compelling deductive reasoning skills
Selfstarter require minimal supervision
Substantial interpersonal skills and associate engagement expertise
Effective listening and communication skills
Collaborative nature
Actionoriented ambitious initiativetaker
Analytical and creative thinker
Commitment to continuous learning and development
Good understanding of complex property and casualty insurance programs risk management and alternative risk structures
Purposeful resultsdriven competitive tenacious desire to win
Understands how to identify and apply corporate resources to achieve optimal outcomes for clients and prospective clients
Knowledgeable of the global insurance marketplace and keeps current with changing marketplace landscape
Strong ability to influence and negotiate with trading partner peers and achieve optimal outcomes for clients and prospective clients
LEADERSHIP
Collaborate with Practice Leaders Division Leaders and Division Growth & Service Leaders to ensure Placement objectives are conducted in accordance with World corporate objectives
Stay aligned with customer acquisition strategies to ensure Placement activity effectively supports growth initiatives
Support and embed World workflow processes and procedures
Represent World brand to the global insurance marketplace in a professional manner
Identify creative ways to work more efficiently with our key trading partners
Identify and maintain close relationships with Worlds key trading partners and decisionmakers at regional management level and above
Encourage other associates to align with World initiatives values and principles
Confident to challenges those whose behaviors conflict with World values and principles
COMPUTER SOFTWARE SKILLS
Proficient in all Microsoft office products
Midlevel expertise with excel
PROFESSIONAL LICENSES/CERTIFICATIONS
Preferred insurance designation such as RPLU or CPCU
Licensed Property & Casualty insurance producer in resident state
EDUCATION
4year college degree from an accredited institution preferred or equivalent professional designation
EQUAL EMPLOYMENT OPPORTUNITY At World Insurance Associates (WIA) we celebrate and support our differences. We know employing a team rich in diverse thoughts experiences and opinions allows our employees our products and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race color ancestry religion sex national orientation age citizenship marital status disability gender identity sexual orientation or Veteran status. In addition WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability unless the accommodation would impose an undue hardship on the operation of our business.
TO EXECUTIVE SEARCH FIRMS AND STAFFING AGENCIES World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Worlds property and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Worlds Human Resources Talent Department.
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