Willis Towers Watson

Middle Market Broker

Posted on Jun 8 Chicago, IL 1 view

Brokers serve as an integral interface between Willis Towers Watson clients and prospects and various insurance carriers in the marketplace. They advise Producers and other colleagues on the design of complex risk management programs for clients; present hard-to-place submissions to carriers, negotiate to secure coverage that meets client needs, oversee preparation of client proposals and maintain strong relationships with key carriers. If you are a consultative advisor who thrives in creating technical sound solutions that address the clients risk without turning their balance sheet upside down, this is the role for you.

The Role

Brokers perform a variety of critical functions including but not limited to:

Providing coverage and program design advice and expertise to Production team; making recommendations regarding program improvements

Providing knowledge to Producers about markets and products as they relate to classes of business

  • Assisting Producers in client and prospect meetings as requested

  • Receiving submissions from the production team

  • Receiving quotes from carriers and negotiating the best program and pricing for clients, providing coverage comparisons

  • Overseeing the preparation of draft proposals and finalizing Carrier and Client quotes & coverage confirmations to ensure contract certainty

  • Binding carrier quotes and giving sign-off to binders and coverage confirmations

  • Assisting in training of Junior Brokers

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

The Requirements

  • Bachelor’s level degree; Insurance degree a plus

  • Insurance Brokers License required

  • 3-5 years of industry experience including underwriting or analytical experience

  • Experience handling middle market and commercial business accounts

  • Demonstrates knowledge of core insurance principles & provide explanation to clients

  • Deep Understanding of Required Placement Workflows

  • Technical placement, underwriting or sales experience

  • Strong client service orientation with ability to proactively understand client’s needs and present/implement solutions

  • Proven experience managing multiple projects simultaneously and producing quality deliverables on time and within budget

  • Excellent verbal and written communication skills including presentation skills

  • Team player who takes initiative, is resourceful and is self-motivated to continuous learning and development

  • Computer skills which include proficiency with Microsoft Word, Excel and Power Point, as well as navigation within the Internet

EOE, including disability/vets

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