Placement Broker

The Role 

Placement Broker 

As a senior member of the Placement team, you will be responsible for delivering strategic insurance and risk management solutions to a diverse portfolio of clients. Acting as a trusted technical advisor, you will leverage your market expertise, analytical capabilities, and negotiation skills to secure optimal insurance outcomes while ensuring the highest standards of client service.

You will: 

•    Participate in new business sales and in Request for Proposals (RFP’s).
•    Ensure exceptional service delivery aligned with corporate standards and client expectations.
•    Be the strategic technical advisor to clients and internal stakeholders.
•    Contribute to the retention of the WTW client base by challenging the status quo and providing superior placement solutions.
•    Participate in internal strategy and pre-renewal meetings to strategize on the renewal of the insurance portfolio. 
•    Analyze client risk profile, conduct a needs analysis, review the claims data, review uninsured risks and recommend tailored insurance solutions.
•    Identify & select appropriate insurance Carriers based on a thorough understanding of local market cycles, appetite & capacity.
•    Prepare and ensure accuracy of quote slips.
•    Negotiate terms with insurers so that WTW have the very best terms, cover and structure for the client.
•    Analyze and compare market quotes.
•    Prepare renewal terms presentation with options taking care to note any conditions or subjectivities. Where required present renewal terms to the client and be able to explain and talk through the options and provide client with your recommendation.
•    Bind cover with the markets once client firm order is received.
•    Collect / issue policy documentation and submit to clients within 30 days of inception / renewal.

Assist with finance matters including premium and fee invoicing, tracking of premium payments and attending to premium related market enquiries.
•    Contribute to process improvements and effective utilization of IT systems.
•    Monitor claims and assist claims handler with contentious or repudiated claims.
•    Mentor and train junior staff.
•    Ensure compliance with WTW standards & procedures and external compliance regulations.
•    Must practice WTW Values i.e., Integrity, Respect, Excellence and Teamwork.

The Requirements 

•    Minimum 7 years as a broker or underwriter on mid-corporate and large accounts.
•    FAIS compliant: RE5 as well as 120 credits at NQF level 5 (or relevant degree) Regulatory accreditation (e.g., FAIS in South Africa or equivalent) and be up to date with CPD hours. 
•    High proficiency in Microsoft Office Suite (Word, Excel, Outlook). 
•    Ability to thrive in a fast-paced environment with multiple priorities.
•    Must have critical thinking skills.
•    Excellent negotiation, analytical, and communication skills.
•    A focus on customer service and key deliverables is essential.
•    Be detail orientated, strong with time management and organizational skills.

 Preference will be given to applicants from designated groups, in line with the South African Employment Equity Act.

WTW is committed to finding opportunities to promote workplace flexibility when possible based on the needs of our customers and the company. We are pleased to say that this role meets the criteria for flexible work. 

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@willistowerswatson.com”