Willis Towers Watson

Associate - Broker

Posted on Apr 14 1 view New York, NY

The Associate Broker is an operational role that supports a team of brokers by assisting with organization, daily operations, communication with clients and client service marketing support, renewal solicitations, proposal creation, pipeline and forecast maintenance. Great opportunity for a junior candidate to get exposure to the industry with large growth potential!

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

The Role

Responsibilities include day-to-day servicing of broker’s accounts, including renewals; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and renewal accounts; performs other duties as assigned

• Gather blank new/renewal applications and send to the production team or client
• Create web-based submissions as needed
• Utilize Connected Broking, Client Proposal Workbook, and other WTW systems
• Receive new/renewal submission from the production team or client
• Enter and maintain financial statements, forecasts, and pipeline
• Send the submission to carriers; utilize the Panel as needed

  • Carry out surplus lines, market security, sanctions, and third-party payment procedures

• Receive quotes and update renewal document(s) as needed
• Create the base WEM presentation for the broker
• Serve as the Second Set of Eyes for WEM (quote proposals, confirmation/evidence of coverage)
• Secure orders to bind from production team or client
• Provide orders to bind to the carrier/underwriters
• Gather the binders and check them for accuracy; secure corrections as needed
• Send WEM confirmation/evidence of coverage communication to production team or client
• Add/renew policy record in EPIC; upload required documentation throughout placement
• Secure binder contingencies as directed by the brokers; send to the carriers once received
• Work collaboratively with Mumbai on policy issuance and on other tasks
• Willis Online data input
• Generate Model Reports
• Follow up on invoicing and accounting inquiries
• Set client/underwriter meetings for renewing/prospective business
• Provide support and education on international placements, invoicing and taxation differences
• Educate the team on updates/changes to the System (EPIC, Connected Broking, etc.)
• Develop relationships with the carrier’s underwriting teams
• Participates in continuing education to maintain license
• Develop relationships with internal production and client management teams as well as the carrier’s underwriting teams

The Requirements

• 1-3 years industry experience
• Insurance broker’s P&C license preferred or will need to obtain within 90 days of hire
• Demonstrates knowledge of core insurance principles
• Ability to conduct research
• Understanding of required placement workflows
• Team player
• Must demonstrate core competency of Willis Towers Watson Values & Vision

• Self-starter/requires minimal supervision
• Will seek guidance when needed
• Develops strong relationships with internal and external stakeholders
• Good written and oral skills
• Good listener
• Interest in developing client service skills
• Ability to deal with difficult client situations
• Ambition to master cyber/E&O coverage and exposures
• Can effectively multi-task
• Proficient in Word, Excel, PowerPoint and Access

What we can offer you

• Professional and technical growth opportunities
• Competitive salary and benefits package including generous parental leave
• Diverse and inclusive work environment that encourages new ideas and personal growth
• Short feedback loop: Immediately visible impact from your contributions
• A strong team empowered to make decisions and changes

EOE, including disability/vets