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Company

WTWSee more

addressAddressPhiladelphia, PA
type Form of workFull-Time
CategoryRetail

Job description

The Role

A Senior Associate Broker manages day-to-day servicing of management liability accounts, including renewals; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and renewal accounts (for large commercial accounts); prepares client materials, renewal strategies, insurance proposals; maintains the diary system; verifies accuracy of insurance documentation; has a moderately complex book of management liability business up to $1.5M; and handles commercial accounts. License required.

Note: 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 commercial accounts into 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

Education and Experience:
  • Complexity of book: medium to high
  • Size of accounts: companies with over $1B in revenues
  • 1-3 years industry experience
  • Insurance broker's Property & Casualty (P&C) license required

Knowledge, Skills and Abilities:
  • Technical knowledge of FINEX product lines including 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
  • Must demonstrate core competency of WTW Values & Vision
  • 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, both written and oral
  • Good listening skills
  • Enhanced client service skills and negotiation skills
  • Ability to manage and seek higher level support in difficult situations
  • Strong technology acumen - ability to utilize technology-based record management systems; advanced Microsoft Office skills and familiarity with other relevant online tools
  • Travel required

WTW may be subject to employment-related COVID-19 vaccination mandates from time to time in certain jurisdictions that may require certifying and providing documentation of vaccination against COVID-19 to work in a WTW office.

EOE, including disability/vets
Refer code: 2363945. WTW - The previous day - 2023-02-05 06:00

WTW

Philadelphia, PA
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