Description
The Role
Works with the Transactional Insurance Solutions (“TIS”) Team within the Willis Mergers & Acquisitions Group in the design and placement of contingent liability insurance products for client, prepares submissions/coverage specifications, presents submissions/coverage specifications to carriers, and negotiates to secure coverage that meets client needs. Advises TS Client Advocate or Production Team in selecting carrier quotes that meet client needs, prepares and presents client proposals. Binds carrier quotes and obtains binders and coverage confirmations. Maintains strong relationships with key carriers. Participates in sales presentations.
Responsibilities
- Technical placement, underwriting and sales
- Provides coverage and program design advice and expertise to TS Client Advocate or Production Team
- Provides knowledge to TS Client Advocates or Producers about markets and products as they relate to specific contingent liability risks
- Promotes WTW PE&TS Group at conferences and drives direct sales and revenue to the group
- Participates on Panels at industry specific conferences
- Drafts sales materials and participates in the sales process with producers
- Assists TIS Client Advocate or Producer in client meetings as requested with respects to renewal marketing
- Prepares submission/coverage specifications and submits proposals to carriers for quotes
- Receives quotes from carriers and negotiates for the best program for clients, provides coverage comparison
- Prepares quote proposals to present to client
- Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty
- Manages the claim process and communicates with the insured and carriers throughout the process to support favorable outcomes and claim payment certainty
Qualifications
Qualifications:
- JD required
- Min. 5 years litigation experience at a law firm or investment management firm
- Must have obtained insurance brokers license within 60 days of employment
- Demonstrates knowledge of core insurance principles & provide explanation to clients
- Ability to conduct litigation research
- Deep understanding of required placement workflows
- Must demonstrate core competency of Willis Values & Vision
- Self-starter/requires minimal supervision
- Will seek guidance when needed
- Solid presentation skills – written and oral
- Good listener
- Strong leadership skills
- Mentoring/coaching skills
- 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. Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
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 $350,000-$450,000 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)
- 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
