The Placement Specialist - Financial Lines Broker is the person recognized as the main contact in the marketplace to represent Willis Towers Watson and coordinate parties on all sides to meet and understand each other’s agendas, appetites, and goals. The position does require travel and social interaction at industry events / meetings. The Sr Placement Specialist Broker is responsible for all broking activity, utilizing industry expertise to enhance revenue and foster innovation.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
The Role
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.
Brokers perform a variety of critical functions including but not limited to:
- Provide coverage and program design advice and expertise directly to clients and through Client Advocates and Producers
- Support Producers in new business development – provide knowledge and expertise about market dynamics, exposures and insurance solution related to private equity and alternative asset mangers’ exposures
- Draft and negotiate manuscript policy language with insurance carriers and coordinate process with clients’ in-house and outside counsel
- Arrange and manage underwriting meetings for both new and renewal business
- Preparation and finalization of quotes and coverage confirmations to ensure contract certainty
- Market renewal and new business opportunities and present proposals to clients
The Requirements
- 5-15 years of experience in underwriting or broking financial lines insurance, preferably with focus on private equity or alternative asset managers
- Knowledge and familiarity with the overall financial lines marketplace across all segments. Prior experience with private equity, alternative assets managers, SPACs and private company financial lines insurance desired
- Experience in policy drafting and construction
- Comprehensive understanding of complex legal entity structures and exposures associated therewith
- Strong written and verbal communication and presentation skills
- Self-motivated, must have the ability to work independently
- Proficient in Excel, Word and PowerPoint
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 $175,000 - $300,000.
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)
Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). Certain senior level roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
WTW may be subject to employment-related COVID-19 vaccination mandates from time to time in certain jurisdictions that may require certifying and providing documentation of vaccination against COVID-19 to work in a WTW office.
EOE, including disability/vets
Same Posting Description for Internal and External Candidates
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). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.
