AddressThe Associate Broker applies an understanding of commercial insurance to support activities relating to broking of commercial client risks for Middle Market Property & Casualty insurance programs, working under the supervision of more experienced team members and referring decisions for support and guidance.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Role
- With support of more experienced brokers, develop client and prospect presentations to secure new, and build on existing, relationships.
- Ensure that quality and compliance procedures and processes are adhered to
- Record and maintain all information accurately on the appropriate system
- Work closely with associates from other departments that support the broking process (e.g., service team, claims, analytics, etc.)
- Review quotes against specifications and develop side-by side comparisons
- Prepare program proposals
- Review program binders for accuracy against quotes and complete file reviews
- Request loss runs and accurately prepare loss summaries
- Familiarize yourself with our carrier partners and their appetite
- Prepare submissions in Broking Platform
The Requirements
- < 5 years industry experience
- Insurance broker’s P&C license required or obtained within 90 days of onboarding
- Solid presentation skills (written and oral); demonstrates active listening and note taking
- Relationship management and customer focus; ability to interface with customers and collaborate internally with teammates to serve customers
- Negotiation skills (carrier and client); ability to maintain as-is renewal terms and handle simple business placements
- Business Acumen: demonstrates basic knowledge/understanding of insurance business
- Project Management: ability to execute assigned tasks in timely fashion
- Adaptable and receptive to feedback; will seek guidance when needed
- End to end process knowledge: fluent in insurance process and can drive results by influencing other key players in the process
- Leadership skills: ability to make decisions and support them; ability to take control of own work; ability to seek guidance and coordinate with others when needed
- Insurance Technical skills; demonstrates knowledge of core insurance principles. Understands coverage forms and principles
- Strong technology acumen: ability to utilize technology based record management systems; advanced MS Office skills and familiarity with other relevant online tools
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 base 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).
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). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. If Level 38 or more senior role is in Washington State, you must add the retirement benefits paragraph to the job description. Please note: Producer Sales roles are not currently eligible for the WTW Pension Plan.
EOE, including disability/vets
This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.
