Early Careers: CRB Graduate Development Program - Facultative Reinsurance Placement- Summer 2025 - New York

Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity now or in the future.

This role is Hybrid

The Business. 

Graduate Program Overview 

The CRB Graduate Development Program (GDP) is a non-rotational two-year-program that provides the opportunity to develop a broad knowledge base, varied skills, and diverse network. This program is designed to set you up with a holistic view of CRB with hands-on experience, insight, and opportunities to make an impact and shape your own career.  

GDP participants will be immersed in a 1-week-in-person orientation followed by a robust onboarding training learning about various functions within CRB. Our program is designed to provide graduates with a well-rounded understanding of the industry while having the opportunity to deep dive within their respective business area. 

Facultative Reinsurance Overview 

Facultative Reinsurance is insurance for insurance companies. Carriers buy reinsurance to protect their balance sheets against the impact of large or accumulating losses or specific exposures that are outside their risk appetite. Facultative reinsurance can match the terms of the original insurance policy exactly. Or it can transfer a part of the risk, such as a single location, sub-limit or deductible. Facultative reinsurance can help deliver insurance programs and placements by managing elements of risk that would otherwise make placements difficult. It can give an insurer confidence that they can accept a particular risk outside their appetite, knowing they can protect themselves from the impact of any losses. We bring a one WTW client-centric approach, working with cedants and clients to create innovative structures that deliver the best placement for clients, backed by data and risk analytics. 

Love your work. 

Responsibilities: 

• Works with brokers to build submissions, check policies, and aide's brokers & senior brokers   
• Assist on any deliverables for Client Renewal Strategy Meeting  
• Reviews Loss Summaries   
• Initial introductions to carrier (ceding Insurers) / trading partners (Reinsurers)   
• Ensure that quality and compliance procedures and processes are adhered to   
• Record and maintain all information accurately in the appropriate system   
• Responsible for Data Input - Initial introduction to and utilization of Broking Platform  
• Begin your understanding of core (Re)insurance principles and brokerage concepts   

Role requirements. 

Education and Qualifications: 

• Bachelor’s degree with a minimum of 3.0 GPA 
• Preferred Majors: Risk Management, Business, Finance, Economics, Accounting, Liberal Arts, Law, Engineering 
• Date of Graduation between May 2024 – May 2025  
• Intermediate to advance Excel skills; Proficient in Microsoft Office Suite 
• Demonstration of strong time and task management skills   
• Ability to take direction, receive constructive feedback and deliver accurate work product   
• Relationship management and customer focus; ability to interface with customers and collaborate internally with teammates to serve customers   
• Understanding contracts, negotiations, and engineering reports are critical to discuss with clients 

Competencies: 

• Excellent written & verbal communication skills 
• Excellent presentation skills, analytically driven and detail oriented 
• Exceptional interpersonal skills 
• Proficient in time management  

Compensation and Benefits: 

Base salary range and benefits information for this position are included in accordance with the 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 (Producer roles only).

Compensation: 

The base salary compensation range being offered for this role is $75,000 – 85,000 USD.  This role is also eligible for overtime. 

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)

WTW Work Flex: 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.  Visit our career site for more information: https://careers.wtwco.com/wtw-work-flex/

Recruiting tips: WTW specializes in preparing for the unknown.  Here’s how to get ready for the big day: https://careers.wtwco.com/hints-and-tips/ 

EOE, including disability/vets