Associate Casualty Broker

Description

The Associate Broker oversees day-to-day placement and broking responsibilities for North American accounts including new business development; develops business relationships with producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports; manages pro-forma analysis information and distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned.

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

The Role

• Support a book of business by performing day to day client service tasks
• Responsibility for creation and design of renewal strategy documents for client presentations focusing on the design, marketing and placement of casualty insurance programs
• Analysis and reporting on the risk profiles of client’s unique finance, regulatory, and legal exposures
• Facilitate communication between broker teams and underwriters during client renewal cycles
• Provide support for new business opportunities including expanding relationships with current clients, participating in the preparation and response for Requests for Proposals, and general prospecting support
• Support, present and further develop casualty analytical tools
• Participate and lead client meetings including Renewal Strategy Presentations, Underwriter Meetings, Renewal Update Conference Calls and Post-Renewal Reviews
• Develop relationships with Producers, Client Advocates and Client Relationship Directors
• Be proficient in Willis Towers Watson compliance and best practices
• Regularly utilize Willis Towers Watson tools and resources
• Prepares draft proposals, submissions and quotes
• Follows up with insurance carriers and underwriters regarding the status of quotes and provides any additional information or rates as necessary
• Maintains business relationships with producers and underwriters
• Maintains knowledge of insurance carriers and their business practices
• Responsibly represent Willis Towers Watson as a colleague within the PE&TS group
  
  

Qualifications

The Requirements:

• Valid Property & Casualty license as required by state law, or ability to acquire appropriate licensing within 90 days of hire. Obtain Surplus Lines license within 180 days of hire.
• Commercial P&C insurance knowledge/experience is required and previous success in client facing work strongly preferred.
• 3 years’ insurance experience in a similar job function or with similar processes is strongly preferred
• Demonstrated excellence in negotiation skills and influence skills are critical.
• Diligence review for Private Equity firms to include coverage review, analyzing risk, placement of new programs.
• Superior interpersonal skills for working with colleagues and clients in a collaborative team environment, both in-person and virtually.
• Demonstrated ability in conflict resolution and negotiation skills are a plus.
• Strong verbal and written communication skills to include phone conversation, email communication, and written presentations skills.
• Technology acumen to adapt to multitude of technology-based systems (Epic, carrier online rating systems, Broking Platform, etc.)
• Strong attention to detail and process orientation.
• Time Management and Organizational Skills in the face of changing deadlines and workloads.
• Ability to work independently, yet actively and appropriately engage the services provided by “extended team members” across the Shared Service Centers and Teams.
• Problem solving abilities, including critical thinking, research, quantitative skills, creativity.
• Basic to Intermediate level Microsoft Office skills to include Outlook, Word, PowerPoint, Excel, and Teams.
• Insurance designations such as CPCU, CIC and ARM are advantageous.
  
  

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 $75,000– $150,000 USD per 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).
  
  

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