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Broker

WTW · Chicago, IL
Full-timeGeneralSenior$150,000–$175,000/yr
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About the Broker role

Broker positions focus on delivering results in their domain. This page aggregates open Broker roles and what employers typically expect.

WTW is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, WTW has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at wtwco.com. **Corporate Risk & Broking** 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 Broker oversees day-to-day placement and broking responsibilities for North American Construction accounts including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports for distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned. Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. **The Role** The Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker, negotiating terms and conditions of various Construction liability coverages on behalf of clients. **The Responsibilities** - Manages broking responsibilities for a book of new and recurring/annual policies as well as individual project placements. Primary focus on Construction Casualty insurance products for contractors, owner/developers, and design professionals - May be required to place additional lines of coverage as applicable to client/account/project including Property, Builders Risk, Inland Marine etc. - Leads broking communication efforts by e-mail, telephone, and written correspondence with underwriters and producers - Obtains and distributes information from client and/or producing office - Assists or may lead front end sales/RFP efforts - Prepares/oversees creation of proposals, submissions and quotes - Responsible for running and interpreting financial analytical models - Evaluates and develops coverage confirmation for review - Reviews binders for accuracy and completeness - Maintain and develop business relationships with producers and senior underwriting contacts - Maintains knowledge of insurance carriers and their business practice - Participates in continuing education to maintain license and industry credentials ### Qualifications **The Requirements** - Insurance broker’s P&C license will be required - Risk Management/Insurance degree preferred - 7-15 years of experience minimum - Has in-depth knowledge of the design and construction industry, and construction based casualty liability insurance products - Possesses casualty liability coverage expertise (GL/WC/Auto/Umb/Excess) - Demonstrated knowledge of core insurance principles & can provide explanation 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 - Exposure to Excel formulas and spreadsheet creation/manipulation a plus - Understanding of required placement workflows - Self-starter/requires minimal supervision - Will seek guidance when needed - Solid presentation skills-written or oral This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has…

Salary estimate

$150,000 – $175,000/yr
Provided by the employer.

Skills for this role

ExcelSalesNegotiationCommunication

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About WTW

WTW is actively hiring on Jobedly. Explore their open roles and what it's like to work there.

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