Willis Towers Watson

L&C Casualty Senior Broker, REH&L

Willis Towers Watson$130K — $178K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Insurance broker's P&C license
  • Preferred: Risk Management/Insurance degree
  • 8-10 years of experience in the field
  • Large account loss sensitive experience
  • Fluency in casualty coverage
  • Strong negotiation skills with an understanding of loss development and credit risk
  • Exemplary conflict resolution and selling skills are a plus
  • Attention to detail and a process-oriented mindset
  • Proficient in Microsoft Office, particularly Excel and PowerPoint
  • Solid presentation skills, both written and oral

Responsibilities

  • Manage brokerage responsibilities for new and recurring casualty exposures
  • Lead communications with underwriters and client teams
  • Gather and distribute information from clients
  • Assist or lead front-end sales and RFP efforts
  • Prepare and oversee creation of proposals, submissions, and quotes
  • Design and provide analytic materials to support premium and program structure objectives
  • Review binders for accuracy and completeness
  • Distribute work assignments for developing brokers
  • Maintain and cultivate relationships with client advocates and senior underwriters
  • Stay informed about the client's industry and insurance carriers

Benefits

  • Comprehensive health insurance (medical, dental, vision)
  • Flexible spending accounts for healthcare and dependent care
  • Group accident and critical illness insurance
  • Life insurance and AD&D
  • Wellbeing program and work/life resources
  • Paid holidays and annual paid time off
  • Short-term and long-term disability benefits
  • Contributory pension plan and 401(k) savings plan
  • Flexible working arrangements available
Full Job Description
Job Description

The Role
Large & Complex Casualty Senior Broker

Brokers oversee day-to-day placement and broking responsibilities for our largest and most complex accounts. Brokers are expected to meaningfully contribute to our vertical by supporting new business opportunities; developing business relationships with clients, internal stakeholders and markets; leading negotiations with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluating quotes and preparing marketing reports; managing pro-forma analysis information and distribution; assisting in the development and deployment of industry-specific products and resources; and performing other duties as assigned.

The Responsibilities
  • Manages brokerage responsibilities for a book of new and recurring casualty exposures
  • Leads broking communication efforts with underwriters and client teams
  • Obtains and distributes information from client and/or client management teams
  • Assists on or leads front end sales/RFP efforts
  • Prepares/oversees creation of proposals, submissions and quotes
  • Designs and prepares analytics/modeling material for clients in support of premium, collateral and/or program structure objectives for each renewal
  • Reviews binders for accuracy and completeness
  • Sorts and distributes work assignments for developing brokers
  • Maintains and develops business relationships with WILLIS Client Advocates, Producers and senior underwriting contacts
  • Curates knowledge of the client's industry, insurance carriers and their business practices
  • Participates in continuing education to maintain licensure and industry credentials


Qualifications

The Requirements
  • Insurance broker's P&C license
  • Risk Management/Insurance degree preferred
  • 8-10 years of experience preferred
  • Large account loss sensitive experience
  • Casualty coverage fluency
  • Ability to negotiate collateral with an understanding of loss development and credit risk
  • Demonstrated knowledge of core insurance principles & ability to articulate such knowledge to clients
  • Demonstrated excellence in negotiation skills and influence skills are critical
  • Demonstrated ability in conflict resolution and selling skills are a plus
  • Attention to detail and process orientation
  • Strong ability to deploy the full capabilities of Microsoft Office, in particular Excel and PowerPoint
  • Understanding of required placement workflows
  • Self-starter/requires minimal supervision
  • Will seek guidance when needed
  • Solid presentation skills-written or oral
  • Enhancing client service skills
  • Ability to deal with difficult client situations
  • Demonstrates knowledge of insurance structures

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

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 $130,000- $178,500 USD per year. This role is also eligible for an annual short-term incentive bonus.

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).

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a "hybrid" style, with a mix of remote, in-person and in- office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and "hybrid" is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

EOE, including disability/vets

About Willis Towers Watson

Willis Towers Watson is a global insurance and risk management company that provides a range of services to clients in more than 140 countries. The company was formed in 2016 through the merger of Willis Group Holdings and Towers Watson & Co. Willis Towers Watson offers a range of insurance products, including property and casualty insurance, life insurance, and health insurance. The company also provides risk management and consulting services, including actuarial services, investment consulting, and human capital consulting. Willis Towers Watson is known for its expertise in risk management and its ability to help clients navigate complex insurance and regulatory environments.
Learn more about Willis Towers Watson
Size
46,000 employees
Market Cap
$26.2 billion
Industry
Net Income
$996 million
Founded
1828
5 Year Trend
+2.7%
Revenue
$9.3 billion
NASDAQ

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