Aon

Broker I, Life Sciences Practice

Aon$88K — $115K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years experience in insurance brokerage or underwriting, preferably in Clinical Trials Liability or Casualty Line
  • Effective working knowledge of carrier underwriting practices and processes
  • Strong client-facing skills with effective presentations and communication
  • Attention to detail with exceptional organizational skills
  • Ability to independently manage a dynamic book of clients
  • Strong interpersonal skills for effective interaction at various organizational levels
  • Must maintain appropriate broker's and Surplus Lines licenses.

Responsibilities

  • Place Clinical Trials Liability, Products Liability, Errors & Omissions Liability, and Excess Liability insurance
  • Market new and renewal business, managing placements from initial market selection to servicing
  • Negotiate effectively on behalf of clients and prospects
  • Ensure timely and correct handling of placements
  • Develop relationships with key insurance underwriters and local teams
  • Identify and analyze prospect and client exposures
  • Create presentations including Renewal Strategies and Coverage Proposals

Benefits

  • Flexible hybrid work options from Philadelphia or other East Coast locations
  • Comprehensive benefits package promoting work/life balance
  • Two Global Wellbeing Days each year
  • Supportive continuous learning culture encouraging individual growth
  • Inclusive workforce environment with a variety of working style solutions
Full Job Description
As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective Clinical Trial solutions for our clients as part of our Life Science Practice Group.

This position will be based in Philadelphia, PA. We are open to considering candidates located in Philadelphia as well as other East Coast states, including but not limited to New York, Charlotte, Boston, and Connecticut (Hartford). This role offers flexibility for hybrid work, with a combination of in-office and remote work options.

What the day will look like
  • Responsible for broking/placing primarily Clinical Trials Liability as well Products Liability, Errors & Omissions Liability, and Excess Liability
  • Market new and renewal business, handling all aspects of the placements from initial market selection through the long-term servicing until the clinical trials these policies are covering are over.
  • Demonstrate effective negotiation skills on behalf of clients and prospects.
  • Ensure that placements are handled timely and correctly
  • Develop productive business relationships with key insurance underwriters and Aon local office teams
  • Identify and analyze prospect and client exposures.
  • Coordinate activities with other internal units as required to meet customer needs.
  • Create presentations such as Renewal Strategies and Coverage Proposals.
  • Responsible for planning, scheduling, resourcing and executing complex projects/programs.
  • Frequently interacts with senior level colleagues and clients, normally involving matters between functional areas, other company divisions or units, or clients and the company.


How this opportunity is different

Join Aon's industry-leading team in the Life Sciences sector, where you'll provide innovative Clinical Trial Liability solutions to clients in the pharmaceutical and biotech industries. This role offers flexibility for hybrid work, with opportunities to work from Philadelphia or other East Coast locations. You'll manage complex insurance placements, build key relationships with underwriters, and contribute to vital clinical trials that support the approval of life-saving drugs and devices. With a focus on collaboration, trust, and professional growth, this is an exciting opportunity to make a significant impact in healthcare.

Skills and experience that will lead to success

Unlike most insurance programs, the primary purpose of Clinical Trial Liability insurance is to support Pharma and Biotech companies through regulatory approvals and contractual compliance while simultaneously protecting these trial sponsors and their research partners from financial liability in case of injury or harm.

Clinical trials are essential for the approval of new drugs and medical devices, as they provide the data needed to assess safety and efficacy in humans, a requirement for regulatory approval by agencies like the FDA. To generate this volume of data, clinical trials must take place in many countries who closely regulate the activity including the clinical trial liability insurance. Our team of specialized brokers, through global and local insurance partners, provides the necessary local insurance ensuring no trial is ever delayed due to insurance reasons thus supporting our clients in their mission of saving and improving lives.

  • Attention to detail, ability to multi-task, exceptional organizational skills, ability to present complex insurance programs.
  • Minimum of 5+ years of insurance brokerage and/or underwriting experience (preferred Life Sciences in Clinical Trials Liability and/or Casualty Line experience)
  • Effective working knowledge of carrier underwriting practices & processes.
  • Proven client facing skills including effective presentations & communications.
  • Strong interpersonal skills, with the ability to interact effectively at various levels in the organization.
  • Ability to independently manage a dynamic book of clients
  • Successfully operates in a fast-paced driven environment that requires the ability to handle multiple tasks simultaneously.
  • Must maintain appropriate broker's and Surplus Lines licenses.


Education: Bachelor's degree or equivalent years of industry experience.
  • A Property and Casualty Brokers License is required or must be obtained within 90 days of hire if not already active.


How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two "Global Wellbeing Days" each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

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About Aon

Aon plc is a leading global professional services firm that provides a broad range of risk, retirement and health solutions. The company was founded in 1982 and is headquartered in London, England. Aon operates in more than 120 countries and has a team of over 50,000 employees. The company's services include risk management, insurance brokerage, reinsurance brokerage, human capital consulting, and retirement solutions. Aon is committed to helping clients manage risk and achieve their goals, and is known for its innovative solutions and industry expertise. The company is listed on the New York Stock Exchange under the ticker symbol AON.
Learn more about Aon
Size
50,000 employees
Market Cap
$62.1 billion
Industry
Net Income
$1.9 billion
5 Year Trend
+5.3%
Revenue
$11 billion
NASDAQ

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