Assistant Vice President/Broker II, Financial Services Group
About The Position
Aon Commercial Risk Solutions’ Financial Services Group is seeking an Assistant Vice President/Broker II to develop and implement strategic risk management solutions for large, global clients. The role involves designing, marketing, and managing the service of insurance programs across multiple industry sectors, with responsibility for maintaining peer market relationships and developing senior market relationships. This is a hybrid position based in Aon’s New York, NY office. The broker assesses client needs, analyzes exposures, designs risk treatment and insurance placement strategies, and negotiates with carriers to obtain appropriate coverage. The role manages client relationships, account strategies, and marketing activities for a book of business, and serves as a primary negotiator. The broker works with team leaders, producers, account executives, and other client-facing colleagues; supports complex accounts; advises on mid-size accounts with limited direct supervision; and helps develop junior staff and the team. The position also provides market and underwriting information and may contribute to department policies and procedures. The position requires at least three years of financial lines insurance brokerage and/or underwriting experience, particularly in Directors & Officers Liability, Employment Practices, Fiduciary, Crime, and Special Risk. A bachelor’s degree or equivalent validated experience is required, and the broker must maintain an appropriate broker’s license. The stated annual salary range for the New York primary work location is $115,500–$160,000, with eligibility to participate in an annual incentive plan.
Requirements
- At least 3 years of financial lines insurance brokerage and/or underwriting experience, with concentration in Directors & Officers Liability, Employment Practices, Fiduciary, Crime, and Special Risk.
- Solid understanding of carrier underwriting practices and processes.
- Validated leadership skills and ability to work with teams and clients to exceed client expectations.
- Client-facing skills, including effective presentations and communications.
- Strong organization and ability to collaborate effectively with others.
- Strong communication skills for interaction at various levels.
- Ability to work in a fast-paced environment, manage multiple tasks simultaneously, and make and communicate difficult decisions.
- Attention to detail, multitasking ability, and exceptional organizational skills.
- Must maintain an appropriate broker’s license.
- Proficiency in Microsoft Office suite of products.
- Bachelor’s degree required or equivalent years of validated experience.
Nice To Haves
- Sales experience preferred.
- Finance background is a plus.
Responsibilities
- Assess client needs and exposures, design risk management and insurance solutions, and negotiate with insurance carriers for coverage aligned with client interests.
- Develop and manage client relationships, account strategies, and insurance marketing activities for a book of business.
- Act as the primary negotiator to obtain effective insurance programs addressing client needs.
- Work with team leaders, producers, account executives, and other client-facing colleagues to understand and deliver on client needs.
- Analyze client exposures and develop risk treatment and placement strategies, with routine assistance from junior team members.
- Develop and execute insurance program structures and strategies with clients to obtain appropriate coverage.
- Provide information about market trends, pricing practices, and underwriting policies; may help develop and implement department policies and procedures.
- Guide junior staff and support the development of team members.
- Advise on the growth of a personal book of business and support the solicitation and servicing of clients and the broking of insurance programs.
- Work autonomously on complex accounts, support larger and more complex accounts, and advise, place, and service mid-size accounts with minimal direct supervision for a personal portfolio.
- Compare and analyze insurance policies and identify needed enhancements.
- Coordinate account placement and day-to-day account activities.
- Use resource deployment and utilization management experience.
Benefits
- 401(k) savings plan with employer contributions
- Employee stock purchase plan
- Consideration for long-term incentive awards at Aon’s discretion
- Medical insurance
- Dental insurance
- Vision insurance
- Leaves of absence
- Paid time off, including 12 paid holidays and 15 vacation days per year
- Paid sick leave as provided under state and local laws
- Short-term disability and optional long-term disability
- Health savings account
- Health care and dependent care reimbursement accounts
- Employee and dependent life insurance and supplemental life and AD&D insurance
- Optional personal insurance policies
- Adoption assistance
- Tuition assistance
- Commuter benefits
- Employee assistance program with free counseling sessions
- Eligibility to participate in an annual incentive plan for a discretionary bonus
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What This Job Offers
Job Type
Full-time
Career Level
Senior
