Senior Associate FINEX Broker

The Senior Associate FINEX Broker manages day-to-day servicing of accounts; advises clients; develops business relationships with carriers and clients; negotiates with underwriters regarding coverage terms, conditions and pricing on new and renewal accounts; prepares quote proposals and program spreadsheets; supports presentations to clients; and verifies accuracy of insurance documentation. Role is client facing and market facing and has a medium to high complexity book of business up to $2.5M+.

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

Responsibilities

• Support placement of large, complex and global programs for large clients in the marketplace


• Develop broking and marketing strategy for renewal and new placements


• Coordinate with global colleagues on placements


• Assist with performing policy contract reviews


• Negotiate renewal and new placements with insurance markets on behalf of clients


• Prepare draft strategy documents, proposals, submissions and quote proposals


• Gather information and analytics to assess and evaluate client risks in order to support the placement of client risks into the market


• Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients


• Research and answer questions from underwriters and producers


• Follow up with insurance carriers and underwriters regarding the status of quotes and provides any additional information or rates as necessary


• Oversee diary for receipt of insurance documents


• Maintain insurance records for accounts including compiling, calculating and managing information


• Communicate by e-mail, telephone, and written correspondence with underwriters and clients


• Prepare draft submission documents and finalize submissions for delivery


• Prepare and update summaries as required


• Prepare coverage confirmation for review


• Review binders for accuracy and completeness


• Build strong partnerships with a broad range of organizations and stakeholders in the market in order to secure optimum terms and conditions for clients


• Maintain knowledge of insurance carriers and market trends


• Participate in continuing education to maintain licensure


• Support WTW producers in pursuing and closing new business opportunities

The Requirements

• 5+ years industry experience
• Insurance broker’s Property & Casualty (P&C) license required
• Ability to manager a complex book of business with large accounts, including clients with over $1B in revenues
• Technical knowledge of FINEX product lines including E&O, D&O, EPL, Fiduciary and Crime/Fidelity
• Knowledge and understanding of current marketplace/carriers
• Demonstrates technical knowledge of insurance contracts and structures
• Analytical and quantitative skills to effectively communicate the value of analytical models and results for evaluating clients’ risks
• Demonstrates knowledge of core insurance principles and provides explanations to clients
• Transactional oriented; ability to work on multiple placements at once
• Self-starter/requires minimal supervision, ability to execute assigned tasks in timely fashion
• Ability to interface with clients and collaborate internally with teammates to serve clients
• Seek guidance when needed and be receptive to feedback
• Strong communication and presentation skills
• Good listening skills, enhanced client service skills and negotiation skills
• Strong technical acumen
• Travel required

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.

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).

The base salary compensation range being offered for this role is $100,000 - $140,000 USD. 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 (Washington State only)

• Retirement Benefits:

  Contributory Pension Plan and Savings Plan (401k).

EOE, including disability/vets