Middle Market Broker

Description

The Property Broker serves as an integral interface between WTW’s clients and prospects and various insurance carriers in the marketplace. They advise Producers and other colleagues on the design of programs for clients; present submissions to carriers, negotiate to secure coverage that meets client needs, oversee preparation of client proposals and maintain strong relationships with key carriers. If you are a consultative advisor who thrives in creating technical sound solutions that address the clients’ risk without turning their balance sheet upside down, this is the role for you.

We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.

The Middle Market Property Broker position is a highly collaborative role that is focused on large single carrier accounts. In addition, the role provides an opportunity to support and participate in the Middle Market sales growth initiative including RFP responses.

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

The Role

• Stimulate revenue growth and meet business objectives by placing new and renewal business, improving retention rates, managing commission rates and utilizing group resources
• Gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market.
• Seek adequacy of coverage and competitive rates for clients and prospects
• Negotiate terms for accounts and provide property expertise for difficult to place business
• Provides coverage and program design advice and expertise to Client Advocate and Production Team
• Provides knowledge to Client Advocates or Producers about markets and products as they relate to property
• Prepares submission/coverage specifications and submits proposals to carriers for quotes
• Receives quotes from carriers and negotiates for the best program for clients, provides coverage comparison
• Communicates with Client Advocate or production team regarding program improvements and recommendations
• Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty
  
  

Qualifications

The Requirements

• Insurance broker's license required
• 5-10 years industry experience
• College degree preferred
• Technical knowledge of insurance contracts/structure
• Knowledge and understanding of global marketplace
• Compliance and quality management expertise
• Computer skills, including Excel, Word, PowerPoint, Outlook
• Computer system skills: ability to work within agency management systems
• Ability to provide expert, in depth advice to client resulting in overall client satisfaction
• Skilled at interfacing with customers
• Strong presentation skills
• Support nationally based relationships with carriers and clients
  
  

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 base 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.

Compensation

The base salary compensation range being offered for this role is $75,000-$125,000 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).
  
  

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.

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.

EOE, including disability/vets