Broker

Singapore

Broker

  • 202606461
  • Singapore
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Description

The Role

  • Lead the broking strategy and placement of individual accounts including new business and renewals.
  • Support new business RFPs – both written content and oral presentations by delivering market knowledge including proposed placement structures, pricing, and demonstrating market experience and relationships
  • Work with client relationship directors, industry leaders and retail offices across the Asia region
  • Provide knowledge, leadership, insight, and direction for broking activities to ensure that clients’ expectations are regularly met. 
  • Orchestrate new business placement, renewals, and alterations of existing coverage.
  • Develop, review, and deliver presentations to secure new, and build on existing, relationships.
  • Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market.
  • Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients.
  • Provide coverage and program design advice and expertise to clients; perform needs and gap analysis to make recommendations regarding program improvements.
  • Build strong partnerships with a broad range of organizations and stakeholders in the market to secure optimum terms and conditions for clients.
  • Set priorities and standards for the broking function and regularly review and evaluate the performance of the function to ensure it is relevant and cutting-edge.
  • Work closely with associates to stay on top of changes in the marketplace.
  • Oversee design and preparation of draft proposals; negotiate and finalize carrier quotes, terms and conditions and coverage confirmations to ensure contract certainty.
  • Bind carrier quotes and review binders and coverage confirmations.
  • Request / Attend and participate in regular client and underwriter meetings.
  • Conduct program peer reviews.
  • Provide coaching to brokers in training.

Qualifications

  • Preferably degree-qualified in any discipline 

  • Ideally professional qualifications such as ACII or similar country equivalent, or relevant industry experience
  • Ability to work as a team player in a dynamic broking environment.
  • Exceptional communication, negotiation and influencing skills.
  • High levels of business and financial acumen with an understanding and support of company strategy
  • Strong skills in problem-solving and planning. 
  • Strong group presentation skills (written and verbal); ability to drive complex/technical conversations and engage at an executive level.
  • Relationship management and customer focus; ability to leverage internal and external relationships to bring WTW resources and assets tailored to client needs; ability to drive conflict resolution.
  • Negotiation skills: ability to develop innovative and creative solutions to do complex deals, and drive consensus across internal and external stakeholders to close deals.
  • Business acumen: knowledge of strategy, tactics, and solutions for the client, and/or in the marketplace.
  • Project Management: ability to drive end-to-end oversight of large, complex, ambiguous, or multi-dimensional projects.
  • Receptive to feedback; critical thinking and problem-solving skills; high adaptability
  • Knowledge of end-to-end insurance process, including process owners and rationale/purpose of key steps.
  • Strong leadership skills; effectively advocates for change. Provides encouragement, takes control of team projects, leads key work areas, and collaborates with others. Provides clear guidance to ensure others fulfil roles effectively.
  • Insurance technical skills: ability to apply knowledge of coverage forms in analysis of program design, identification of coverage gaps and ongoing coverage consultation. Ability to interpret, analyze and present models.

Equal Opportunity Employer 

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