AddressThe Renewables Property Broker serves as the primary liaison between insurers and clients. This person is responsible for managing major client relationships, deploying placement expertise and helping to drive revenue growth within the assigned office. The Senior Broker serves in a senior role on major accounts, can support development of market relationships, and tasked with innovation new ideas.
The Role
This role advises clients/strategizes/provides expertise on difficult-to-place renewable energy and power generation business, performs policy contract reviews, negotiates competitive terms and conditions, assists in establishing placement strategy for region, acts as a thought leader and contributes to business growth objectives. This position may act as a mentor to Junior Brokers and Brokers on smaller accounts.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Responsibilities
- Provide knowledge, leadership, insight and direction for broking activities to ensure that clients’ expectations are regularly met
- Orchestrate new business placement, renewals and alterations of existing coverage
- Develop, review and deliver presentations to secure new, and build on existing, relationships
- Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market
- Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients
- Provide coverage and program design advice and expertise to client; perform needs and gap analysis to make recommendations regarding program improvements
- Build strong partnerships with a broad range of organizations and stakeholders in the market in order to secure optimum terms and conditions for clients
- Set priorities and standards for the broking function and regularly review and evaluate the performance of the function to ensure it is relevant and cutting edge
- Work closely with associates to stay on top of changes in the marketplace
- Oversee design and preparation of draft proposals; negotiate and finalize of carrier quotes, terms and conditions and coverage confirmations to ensure contract certainty
- Bind carrier quotes and review binders and coverage confirmations
- Request/attend and participate in regular client and underwriter meetings
- Conduct program peer reviews and provide coaching to brokers in training
The Requirements
- High School Diploma required; Bachelor’s Degree preferred
- 3-7 years industry experience; energy or power generation experience preferred
- Property and Casualty license required
- Strong group presentation skills (written and verbal); ability to drive complex/technical conversations and engage at executive level
- Relationship management and customer focus; ability to leverage internal and external relationships to bring WTW resources and assets tailored to client needs; ability to drive conflict resolution
- Negotiation skills: ability to develop innovative and creative solutions to do complex deals, drive consensus across internal and external stakeholders to close deals
- Business acumen: knowledge of strategy, tactics and solutions for the client, and/or in the marketplace
- Project Management; ability to drive end to end oversight of large, complex, ambiguous or multi-dimensional projects
- Receptive to feedback; critical thinking and problem-solving skills; high adaptability
- Knowledge of end-to-end insurance process, including process owners and rationale/purpose of key steps
- Strong leadership skills; effectively advocates for change. Provides encouragement, takes control of team projects, leads key work areas and collaborates with others; Provides clear guidance to ensure others fulfill roles effectively
- Insurance technical skills; ability to apply knowledge of coverage forms in analysis of program design, identification of coverage gaps and ongoing coverage consultation; Ability to interpret, analyze and present models
- Technology acumen – ability to utilize technology-based record management systems; basic Microsoft Office skills and familiarity with other relevant online tools
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.
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 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).
Compensation
The base salary compensation range being offered for this role is $125,000 USD -$180,000 USD. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefits package that 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
- 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.
EOE, including disability/vets
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