Willis Towers Watson

Mid Market Cyber Broker

Willis Towers Watson$125K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • High school diploma required; undergraduate degree preferred
  • 3-5 years of experience in underwriting or broking
  • Insurance broker's P&C license preferred
  • Technical knowledge of insurance contracts/structure
  • Experience with Cyber, E&O, and Intellectual Property insurance products
  • Strong leadership and mentorship skills
  • Excellent client service and presentation skills

Responsibilities

  • Function as a resource on cyber/E&O accounts, providing technical expertise during client communications
  • Maintain a significant book of business
  • Place large, complex programs in the financial lines marketplace
  • Negotiate competitive terms and perform policy contract reviews
  • Contribute to business growth objectives through RFP responses and proactive sales meetings
  • Act as a thought leader, representing the Cyber Team at industry panels and webinars
  • Manage a pipeline of prospects and update financial reports for senior management

Benefits

  • Comprehensive health benefits including medical, dental, and vision
  • Paid holidays and annual paid time off
  • Retirement benefits with a contributory pension plan and 401(k) contributions
  • Various leave benefits including parental, bereavement, and military leave
  • Employee assistance programs and wellbeing resources
Full Job Description
Job Description

The Role:

The Cyber 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.

Serves in a capacity, handling Alternative Asset Insurance Solutions ("AAIS") accounts. This individual will advise clients and perform policy contract reviews and negotiate competitive terms and conditions for Cyber and E&O placements. Assists in developing the growth strategy. Acts as a thought leader and contributes to business objectives.

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

Responsibilities:
• Function as a resource on cyber/e&o accounts within the practice; participate in client communications/conference calls/meetings and provide technical expertise
• Maintain a significant book of business
• Place large, complex programs in the financial lines marketplace
• Perform policy contract reviews; negotiate competitive terms and conditions
• Contribute to business growth objectives (e.g., participate in RFP responses/presentations, attend proactive sales meetings, place new business opportunities)
• Assist in achieving the goals and objectives of the Alternative Asset Insurance Solutions practice ("AAIS")
• Act as a thought leader (e.g., contribute to AAIS content, representing the Cyber Team and Willis Towers Watson on industry panels, webinars, social media, etc.)
• Contribute to the development of a growth strategy
• Manage pipeline of prospects and updating financial reports for senior management
• Collaborate with other LOBs to cross sell products and services
• Maintain and develop relationships with insurance carriers' partners
• Foster relationships with existing and prospective clients
• Assist CRB colleagues with cross-sell efforts

Qualifications

Qualifications:
• High school diploma required; undergraduate degree preferred
• 3-5 years of experience in underwriting or broking
• Insurance broker's P&C license preferred
• Technical knowledge of insurance contracts/structure
• Knowledge and understanding of global marketplace
• Knowledge of and experience working with Cyber, E&O and Intellectual Property insurance products, Strong leadership and mentorship skills
• Enhanced client service skills
• Ability to provide expert, in-depth advice to client resulting in overall client satisfaction
• Strong presentation skills

This position will remain posted for a minimum of three business days from the date posted or until 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 $125,000.00-$150, 000.00 USD annually.

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 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 (only included for Washington roles)
  • Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans' eligibility requirements.


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.

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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