Description
The Cyber Broker serves as the primary liaison between insurers and clients. This person is responsible for managing major client relationships, deploying placement expertise and helping to drive revenue growth.
Serves in a capacity, handling Cyber/E&O Private Equity & Transactional Solution (“PE&TS”) accounts. This individual will advise clients and perform policy contract reviews and negotiate competitive terms and conditions for Cyber and E&O placements. Assists in developing the growth strategy. Acts as a thought leader and contributes to business objectives. Acts as a mentor to colleagues.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Role
- Function as a senior resource on cyber/e&o accounts within the practice; participate in client communications/conference calls/meetings and provide technical expertise
- Maintain a significant book of business
- Place large, complex programs in the financial lines marketplace
- Perform policy contract reviews; negotiate competitive terms and conditions
- Contribute to business growth objectives (e.g., participate in RFP responses/presentations, attend proactive sales meetings, place new business opportunities)
- Assist in achieving the goals and objectives of the Private Equity and Transactional Solutions practice (“PE&TS”)
- Act as a thought leader (e.g., contribute to PE&TS content, representing the Cyber Team and Willis Towers Watson on industry panels, webinars, social media, etc.)
- Contribute to the development of a growth strategy
- Manage pipeline of prospects and updating financial reports for senior management
- Collaborate with other LOBs to cross sell products and services
- Maintain and develop relationships with insurance carriers’ partners
- Foster relationships with existing and prospective clients
- Assist CRB colleagues with cross-sell efforts
Qualifications
The Requirements
- High school diploma required; undergraduate degree preferred
- 3-10 years of experience in underwriting or broking
- Insurance broker’s P&C license required
- Technical knowledge of insurance contracts/structure
- Knowledge and understanding of global marketplace
- Knowledge of and experience working with Cyber, E&O and Intellectual Property insurance products, Strong leadership and mentorship skills
- Enhanced client service skills
- Ability to provide expert, in-depth advice to client resulting in overall client satisfaction
- Strong presentation skills
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 (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $125,000-$225,000 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
- Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
EOE, including disability/vets
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.
