Underwriter Facultative & Structured Risks

New York City, NY - USA

Monthly Salary: $ 85000 - 105000

Posted on: 13 hours ago

Vacancies: 1 Vacancy

Job Summary

Description

Underwriter within our Facilities Group part of our Facultative & Structured Risks Divisionsupports the underwriting of property risks placed into the Client Edge Facility. This role assists facility leadership in evaluating submissions supporting quoting activity and maintaining underwriting discipline across shared and layered property programs. The position offers handson exposure to complex property risks facility underwriting and collaboration with brokers and carrier partners.

Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

Manages brokerage responsibilities for a book of new and recurring exposures
Leads broking communication efforts by e-mail telephone and written correspondence with underwriters and producers
Obtains and distributes information from client and/or producing office
Assists or may lead front end sales/RFP efforts
Prepares/oversees creation of proposals submissions and quotes
Design and prepare analytics/modeling material for clients and offices
Evaluates and develops coverage confirmation for review
Reviews binders for accuracy and completeness
Sorts and distributes work assignments for developing brokers
Maintain and develop business relationships with client advocates producers and senior underwriting contacts
Maintains knowledge of insurance carriers and their business practice
Participates in continuing education to maintain licensure and industry credentials

Qualifications

The Requirements

A Bachelors degree in a related field
Prior experience in administrative or support roles
Demonstrated excellence in negotiation skills and influence skills are critical
Demonstrated ability in conflict resolution and selling skills are a plus
Attention to detail and process orientation
Exposure to Excel formulas and spreadsheet creation/manipulation a plus
Understanding of required placement workflows
Self-starter/requires minimal supervision
Will seek guidance when needed
Solid presentation skills-written or oral
Enhancing client service skills
Ability to deal with difficult client situations
Demonstrates knowledge of insurance structures

This position will remain posted for a minimum of three business days from the date posted or until 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 base 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.

Compensation

The base salary compensation range being offered for this role is $85000-$105000 USDper year.

This role is also eligible for an annual short-term 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) 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 (Washington State only)
Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

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

DescriptionUnderwriter within our Facilities Group part of our Facultative & Structured Risks Divisionsupports the underwriting of property risks placed into the Client Edge Facility. This role assists facility leadership in evaluating submissions supporting quoting activity and maintaining underwri...