Director - Broking (Construction)

Corporate Risk & Broking 

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

Broker oversees day-to-day placement and broking responsibilities for North American Construction accounts including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports for distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned.

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

The Role

The Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker, negotiating terms and conditions of various Construction coverages on behalf of clients. The Responsibilities

• Manages brokerage responsibilities for a book of new and recurring/annual policies. Primary focus Casualty (Workers Compensation, General Liability, Automobile, Umbrella, Excess)
• May be called to place other lines, specifically middle market property, builders’ risk as needed
• Leads broking communication efforts by e-mail, telephone, and written correspondence with underwriters and producers
• Obtains and distributes information from client and/or producing office
• Assists or may lead front end sales/RFP efforts for CIP sales leads
• Prepares/oversees creation of proposals, submissions and quotes
• Responsible for running and interpreting financial analytical models
• Evaluates and develops coverage confirmation for review
• Reviews binders for accuracy and completeness
• Maintain and develop business relationships with producers and senior underwriting contacts
• Maintains knowledge of insurance carriers and their business practice
• Participates in continuing education to maintain license and industry credential
• This is a Remote opportunity

The Requirements

• Insurance broker’s P&C license will be required
• Risk Management/Insurance degree preferred
• 8-10+ years of experience minimum
• Demonstrated knowledge of core insurance principles & provide explanation to clients
• Demonstrated excellence in negotiation skills and influence skills are critical
• Demonstrated ability in conflict resolution and selling skills are a plus
• Attention to detail and process orientation
• Exposure to Excel formulas and spreadsheet creation/manipulation a plus
• Understanding of required placement workflows
• Self-starter/requires minimal supervision
• Will seek guidance when needed
• Solid presentation skills-written or oral
• Enhancing client service skills
• Ability to deal with difficult client situations
• Demonstrates knowledge of insurance structure

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 (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $175,000-$225,000 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). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. If Level 38 or more senior role is in Washington State, you must add the retirement benefits paragraph to the job description. Please note: Producer Sales roles are not currently eligible for the WTW Pension Plan.

EOE, including disability/vets

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.