Broker
Broker
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
The Role
The Broker will be responsible for negotiation and placement of Commercial P&C Insurance programs for both new business and renewal clients by providing knowledge leadership insight and direction to ensure that clients expectations are met.
The size and complexity of clients will vary but are typically upper Middle Market companies in areas including but not limited to Manufacturing Construction Healthcare Hospitality Technology Financial Institutions and Business Services. Primary focus is on Workers Compensation General Liability Commercial Auto Umbrella/Excess and Property but could also include Professional Liability Environmental/Pollution Cyber and others on an as needed basis.
Specific Responsibilities
- Preparing and transmitting program submissions to our partner markets
- Negotiating broad coverage and lowering cost to achieve the best results available in the market
- Creating client facing proposal documents that clearly outline and compare terms conditions and cost of the various program options
- Presenting program results directly to the client in person and over the phone
- Performing coverage needs and gap analysis in order to recommend program improvements
- Reviewing and evaluating loss information and other analytics reports to assess client risk
- Building and maintaining relationships with partner carriers programs and wholesale markets
- Independently organizing managing and tracking book of business
- Ability to work under reasonably tight deadlines as required
- Participating in regular client and underwriting meetings in person and over the phone
- Effectively communicating with producers and service teams who are responsible for the overall client relationship on a day-to-day basis
- Collaborating with internal and external resources and specialists to explore new markets program options coverage differentiators and industry trends
Qualifications
Position Requirements
5 years industry experience preferred
Insurance Brokers P&C license preferred and underwriting background is a plus
Experience working through end-to-end insurance placement process
Ability to review and compare coverage terms and conditions
Understand details of program pricing and key determining factors
Ability to communicate and translate key coverage items to clients
Proficiency in negotiation can secure concessions without damaging relationships
Strong organizational habits and ability to manage deadlines
Embrace fast-paced work environment and can adapt on the fly
Consistent and proactive communication skills (written and verbal)
Expertise in Excel and MS office programs online databases agency management systems
Sound presentation skills can prepare/edit client-facing documents to be clear and concise
Effective conflict management demonstrates shared ownership in conflict resolution
Customer focus and teammate mentality ability to go the extra mile with this in mind
General business acumen in regard to vast array of industries clients carriers
Receptive to feedback; critical thinking and problem-solving skills; high adaptability
Leadership skills; applies judgement in making decisions
Technology acumen ability to utilize technology-based record management systems; basic MS Office skills and familiarity with other relevant online tools.
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).
The base salary compensation range being offered for this role is $150000.00-$185000.00 USD annually.
This role is also eligible for an annual short-term incentive bonus.
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 state/local paid leave where required) Short-Term Disability Long-Term Disability Other Leaves (e.g. Bereavement FMLA ADA Jury Duty Military Leave and Parental and Adoption Leave) Paid Time Off (only included for Washington roles)
- Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans eligibility requirements.
Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers we will consider for employment qualified applicants with arrest and conviction records.
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 in-person and in-office interactions dependent on the needs of the team role and clients. Our flexibility is rooted in trust and hybrid is not a one-size-fits-all 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 location-based arrangements. Please speak to your recruiter to discuss more.
EOE including disability/vets
Employment Type
Full-Time
