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    Broker (Builder's Risk) - Commercial Insurance (Construction)

    Chicago, Illinois, United States. Detroit, Michigan, United States. Minneapolis, Minnesota, United States. Dallas, Texas, United States

    Broker (Builder's Risk) - Commercial Insurance (Construction)

    • 202501129
    • Chicago, Illinois, United States
    • Detroit, Michigan, United States
    • Minneapolis, Minnesota, United States
    • Dallas, Texas, United States

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    • Full time
    • Closing on: Apr 30 2025

    Description

    As a Builders Risk Broker within our Construction Practice, you will lead the placement and broking of builder's risk insurance, driving new business development and delivering exceptional client solutions. You will cultivate strong relationships with producers, client advocates, and markets while providing expert guidance on complex placements. Your role includes contract reviews, negotiating coverage terms and pricing, evaluating quotes, and preparing insightful marketing reports and pro-forma analysis. If you thrive as a consultative advisor, crafting technically sound solutions that address client risk without compromising their balance sheet, this is your ideal role.

    If you excel as a consultative advisor, crafting innovative, technically sound solutions that safeguard client risk without compromising their financial stability, this is the opportunity for you.

    Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

    The Role

    • Oversee the placement and broking of new and recurring builders risk exposures.
    • Provide expert leadership in broking activities, ensuring consistent client satisfaction.
    • Develop and execute placement strategies for new business, renewals, and coverage modifications.
    • Deliver compelling presentations to establish and strengthen client and market relationships.
    • Analyze and model client risk exposures, leveraging data to optimize placement strategies.
    • Conduct thorough evaluations of coverage solutions, identifying and advising on risk strategies.
    • Negotiate terms with underwriters, securing favorable outcomes for clients.
    • Foster strong partnerships with insurance carriers and key stakeholders.
    • Stay informed on market trends and developments, sharing insights with colleagues and clients.
    • Manage the end-to-end proposal process, including drafting, negotiating, and finalizing quotes, terms, and coverage confirmations.
    • Conduct peer reviews to enhance program effectiveness and ensure quality standards.
    • Serve as a mentor and resource for junior brokers.
    • Develop and maintain strong business relationships with Underwriters, Senior Client Advocates, Client Advocates, and Underwriting contacts.

    Qualifications

    The Requirements

    • Eight to ten years of client-facing experience in the insurance industry, with a focus on Property & Casualty; Property & Casualty license required.
    • Demonstrated technical expertise in insurance, including coverage design, gap analysis, and consultation.
    • Strong analytical and modeling skills, with the ability to present insights clearly.
    • Proven ability to leverage internal and external relationships to align WTW’s resources with client needs.
    • Experience developing creative solutions for complex risk challenges and driving stakeholder consensus.
    • Excellent written and verbal communication skills, with the ability to engage executive-level audiences.
    • Ability to lead large, multifaceted projects with minimal oversight.
    • Proficiency in Excel (pivot tables, formulas, macros); experience with advanced data manipulation is a plus.
    • Strong problem-solving skills, adaptability, and ability to navigate challenging client situations with professionalism.
    • Minimal travel required.

    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 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.

    Compensation

    The base salary compensation range being offered for this role is $115,000-$160,000 USD per year.

    This role is also eligible for an annual short-term incentive bonus.

    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). 

    EOE, including disability/vets

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    Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson. Willis Towers Watson is an equal opportunity employer. If you would like to have your contact information saved for future consideration, please email: Agency.inquiries@willistowerswatson.com.

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