Description
The Casualty 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
- Manages brokerage responsibilities for a book of new and recurring casualty 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:
- Insurance broker’s P&C license will be required
- Risk Management/Insurance degree preferred
- 8-10 years of experience preferred
- Large account loss sensitive experience
- Casualty coverage fluency
- Demonstrated knowledge of core insurance principles & provide explanation to clients
- 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 a 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 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 $150,000 - $200,000 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.
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
