Aon

Broker, Professional Services Group

Aon$85K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3+ years of insurance experience; professional liability preferred
  • Ability to coordinate, prioritize, and monitor workflows
  • Strong Excel and analytical skills
  • Excellent written and verbal communication skills
  • Strong social skills and experience as an effective teammate
  • High attention to detail
  • Proficiency with MS Office
  • Insurance Broker license preferred or ability to secure it within 90 days of joining Aon

Responsibilities

  • Assist team in delivering services and advice to clients' risk managers and offices of general counsel
  • Advise senior client contacts on their insurance programs
  • Prepare underwriting submissions and claims exhibits for insurers
  • Draft and prepare policy documentation and endorsements
  • Organize and administer clients' claims data for reporting
  • Analyze historical claims experience and prepare related presentations
  • Collaborate with team members and act as liaison with actuaries for risk cost analysis

Benefits

  • Comprehensive benefits package including a 401(k) savings plan with employer contributions
  • Employee stock purchase plan and long-term incentive awards eligibility
  • Medical, dental, and vision insurance
  • Paid time off including 12 paid holidays, 15 days of vacation, and sick leave
  • Short-term and optional long-term disability insurance options
  • Health Savings Account and reimbursement accounts for healthcare and dependent care
  • Tuition assistance and adoption assistance programs
Full Job Description
What the day will look like

As a Broker you will be working alongside our Account Executives in our Professional Services Practice in Chicago, IL. This person would assist in brokering and be responsible for key processes and internal activities in conjunction with the day-to-day servicing of our professional service firm clients including professional liability, management liability, employment practices liability, cyber liability, and other insurance programs.
  • Participate in, and assist the team with, the delivery of services and advice to clients' risk managers and offices of general counsel.
  • Provide advice to senior client contacts regarding their insurance programs, Aon results, and in response to requests and inquiries.
  • Prepare underwriting submissions and claims exhibits for commercial insurers.
  • Draft and prepare policy documentation and endorsements and prepare wording comparisons across different risks, when necessary.
  • Prepare premium invoices compute applicable taxes, and track the receipt and flow of funds.
  • Support the accurate organization and administration of clients' claims data and its extraction for reporting purposes.
  • Prepare and analyze statistical exhibits and presentations in relation to historical claims experience.
  • Collaborate with team members and Aon's actuaries to analyze the cost of risk for the setting of insurance premiums.
  • Prepare reports, summaries, papers, and meeting materials for delivery directly to clients.
  • Participate in business development within the practice and the exploration of new and evolving risks and potential risk transfer and risk financing solutions.
  • Respond to queries from clients and commercial insurers.
  • Support the preparation and issuance of verifications of insurance.
  • Collaborate with colleagues in other Aon offices (New York, London, Bermuda, and elsewhere) in the coordinated delivery of insurance programs and policies to clients.
  • Attend team meetings, maintain team/personal outstanding task lists, and maintain files that clearly and accurately record the activities and communications of the team.
  • Attend training sessions, presentations, and meetings that will assist with present and anticipated future responsibilities.


Skills and experience that will lead to success
  • 3+ years of insurance experience; professional liability preferred
  • Ability to coordinate, prioritize, and monitor workflows.
  • Strong Excel and analytical skills.
  • Strong written and verbal communication skills.
  • Strong social skills. Experience as an effective teammate. Motivated and self-directed.
  • Strong attention to detail.
  • Trains and mentors others effectively.
  • Proficiency with MS Office

Education:
  • Bachelor's degree
  • Insurance Broker license preferred or the ability to secure license within 90 days of joining Aon (required for this role)

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.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Your employment is contingent upon obtaining and/or maintaining all Property & Casualty licenses in the required states, as designated by Aon. You must successfully complete the required course work and pass the examinations within 6 months of your start date. In addition, you will complete all required paperwork necessary in obtaining the licenses. Aon will be responsible for paying the costs associated with the coursework and examinations according to the Aon licensing policy. Failure to meet these requirements will result in the termination of your employment with the firm.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $85,000 to $110,000 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.

This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

A summary of all the benefits offered for this position:

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

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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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