Willis Towers Watson

Construction Broker

Posted on Jun 11 Chicago, IL 236 views

Corporate Risk & Broking

We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results

Broker oversees day-to-day placement and broking responsibilities for North American Construction accounts including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports for distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned.

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

The Role

The Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker, negotiating terms and conditions of various Construction coverage's on behalf of clients.

The Responsibilities

  • Manages brokerage responsibilities for a book of new and recurring/annual policies. Primary focus on General Liability, Auto, Workers Compensation, Umbrella and Excess Liability

  • 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

  • Responsible for running and interpreting financial analytical models

  • Evaluates and develops coverage confirmation for review

  • Reviews binders for accuracy and completeness

  • Maintain and develop business relationships with producers and senior underwriting contacts

  • Maintains knowledge of insurance carriers and their business practice

  • Participates in continuing education to maintain license and industry credentials

The Requirements

  • Insurance broker’s P&C license will be required

  • Risk Management/Insurance degree preferred

  • 5-7 years of experience minimum

  • Demonstrated knowledge of core insurance principles & can 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 situation

  • Demonstrates knowledge of insurance structures

EOE, including disability/vets

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