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Property Broker - Commercial Insurance (Real Estate, Hospitality, & Leisure)

WTW
New York, NY Full Time
POSTED ON 1/9/2025 CLOSED ON 1/24/2025

What are the responsibilities and job description for the Property Broker - Commercial Insurance (Real Estate, Hospitality, & Leisure) position at WTW?



Provide knowledge, leadership, insight and direction for broking activities to ensure that clients’ expectations are regularly met.  This role incorporates a wide level of expertise, but always assumes the broker is capable of handling accounts independently. The size and complexity of the account can vary.  More experienced brokers may be responsible for training and supervising Associate Brokers.  Responsible to ensure that relevant regulatory and technical standards are met.  Helps drive the broking team to achieve agreed operational and financial goals and objectives.

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.

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

The Role

  • Orchestrate new business placement, renewals and alterations of existing coverage.
  • Develop, review and deliver presentations to secure new, and build on existing, relationships. 
  • Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market.
  • Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients.
  • Provide coverage and program design advice and expertise to client; perform needs and gap analysis to make recommendations regarding program improvements.
  • Build strong partnerships with a broad range of organizations and stakeholders in the market in order to secure optimum terms and conditions for clients. 
  • Contribute to thought leadership and continuous process improvement of the Broking function.
  • Work closely with associates to stay on top of changes in the marketplace.
  • Oversee design and preparation of draft proposals; negotiate and finalize of carrier quotes, terms and conditions and coverage confirmations to ensure contract certainty.
  • Bind carrier quotes and review binders and coverage confirmations.
  • Request / Attend and participate in regular client and underwriter meetings.
  • Conduct program peer reviews.
  • Provide coaching to brokers in training.

Salary : $150,000 - $170,000

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