Associated Broker - Casualty
Associated Broker - Casualty
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$ 50000 - 75000
1 Vacancy
Job Description
We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify mitigate and transfer risk taking advantage of our specialist industry experience and unparalleled market knowhow. The result is a new way of embracing risk that drives superior results.
Working with the guidance and direction of the Senior Broker the Associate Broker oversees daytoday Property placement and broking responsibilities for North American accounts including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms conditions and pricing on new and existing programs; evaluates quotes prepares marketing reports for distribution assists regional teams with RFP and new business proposal development and performs other duties as assigned.
Employmentbased nonimmigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
TheRole
- The Associate Broker is recognized by the client client advocate team and the insurance marketplace as the colleague who provides critical support to the team and is responsible for preparing and submitting business to our carrier partners followingup for quotes and for providing analytics for key accounts. In this position you willresearch market solutions to learn how to identify and develop optimum risk solutions for clients and execute straightforward new business placements renewals and simple alterations of existing cover with guidance.
Major Accountabilities:
- Provide critical support to the broking team that manages brokerage responsibilities for a book of new and recurring annual policies
- Run and interpret analytical models
- Participate in broking communication efforts by email telephone and written correspondence with underwriters and colleagues
- Assist with or lead frontend sales/RFP efforts
- Obtain and distribute information from client and/or producing office
- Evaluate and develop coverage information for review
- Prepare draft submission documents and finalize submissions for delivery
- Review quotes against specifications and develop sideby side comparisons
- Prepare program proposals
- Review binders for accuracy and completeness against quotes and complete file reviews
- Develop and maintain business relationships with sales and broking colleagues and carrier underwriting contacts
- Maintain knowledge of insurance industry market intelligence and carrier appetites
- Participate in continuing education to maintain license and industry credentials
- Record and maintain all information accurately on the appropriate systems
- Ensure that quality and compliance procedures and processes are adhered to
Qualifications
The Requirements
- Insurance brokers P&C license will be required. Can be obtained post hire.
- High School Diploma required; Bachelors Degree preferred
- 24 years industry experience preferred
- Attention to detail and process orientation
- Exposure to Excel formulas and spreadsheet creation/manipulation required
- Demonstrated knowledge of core insurance principles & the ability to provide an explanation to clients
- Demonstrated competence in negotiation skills
- Demonstrated ability in conflict resolution
- Demonstrated client service focus
- Understanding of required placement workflows
- Selfstarter/requires minimal supervision
- Will seek guidance when needed
- Solid presentation skills written or oral
- Ability to deal with challenging client situations
- Demonstrated knowledge of insurance program structures
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors including but not limited to location of the role individual competencies education/professional certifications qualifications/experience performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $50000 $75000 USD per year. This role is also eligible for an annual shortterm incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
- Health and Welfare Benefits:Medical (including prescription coverage) Dental Vision Health Savings Account Commuter Account Health Care and Dependent Care Flexible Spending Accounts Group Accident Group Critical Illness Life Insurance AD&D Group Legal Identify Theft Protection Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
- Leave Benefits:Paid Holidays Annual Paid Time Off (includes paid state/local paid leave where required) ShortTerm Disability LongTerm Disability Other Leaves (e.g. Bereavement FMLA ADA Jury Duty Military Leave and Parental and Adoption Leave)Paid Time Off
- Retirement Benefits:Contributory Pension Plan and Savings Plan 401k). All Level 38 and more senior roles may also be eligible for nonqualified Deferred Compensation and Deferred Savings Plans.
At WTW we trust you to know your work and the people tools and environment you need to be successful. The majority of our colleagues work in a hybrid style with a mix of remote inperson and inoffice interactions dependent on the needs of the team role and clients. Our flexibility is rooted in trust and hybrid is not a onesizefitsall solution.
We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as locationbased arrangements. Please speak to your recruiter to discuss more.
Required Experience:
IC
Employment Type
Full-Time
