Associate Broker - Casualty

WTW•Bloomington, MN

5d•$50,000 - $75,000

About The Position

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. Working with the guidance and direction of the Senior Broker, the Associate Broker oversees day-to-day Casualty placement and broking responsibilities for North American 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. Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. The Associate Broker is recognized by the client, client advocate team and the insurance marketplace as the colleague who provides critical support to the team, and is responsible for preparing and submitting business to our carrier partners, following-up for quotes, and for providing analytics for key accounts. In this position, you will research market solutions to learn how to identify and develop optimum risk solutions for clients, and execute straightforward new business placements, renewals and simple alterations of existing cover, with guidance.

Requirements

Associate Broker oversees day-to-day Casualty placement and broking responsibilities for North American 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.
Provides critical support to the team, and is responsible for preparing and submitting business to our carrier partners, following-up for quotes, and for providing analytics for key accounts.
Researches market solutions to learn how to identify and develop optimum risk solutions for clients.
Executes straightforward new business placements, renewals and simple alterations of existing cover, with guidance.
Runs and interprets analytical models.
Participates in broking communication efforts by email, telephone, and written correspondence with underwriters and colleagues.
Assists with or leads front-end sales/RFP efforts.
Obtains and distributes information from client and/or producing office.
Evaluates and develops coverage information for review.
Prepares draft submission documents and finalizes submissions for delivery.
Reviews quotes against specifications and develops side-by side comparisons.
Prepares program proposals.
Reviews binders for accuracy and completeness against quotes and completes file reviews.
Develops and maintains business relationships with sales and broking colleagues and carrier underwriting contacts.
Maintains knowledge of insurance industry market intelligence and carrier appetites.
Participates in continuing education to maintain license and industry credentials.
Records and maintains all information accurately on the appropriate systems.
Ensures that quality and compliance procedures and processes are adhered to.

Nice To Haves

Guidance and direction of the Senior Broker

Responsibilities

Oversees day-to-day Casualty placement and broking responsibilities for North American 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.
Provides critical support to the broking team that manages brokerage responsibilities for a book of new and recurring annual policies.
Runs and interprets analytical models.
Participates in broking communication efforts by email, telephone, and written correspondence with underwriters and colleagues.
Assists with or leads front-end sales/RFP efforts.
Obtains and distributes information from client and/or producing office.
Evaluates and develops coverage information for review.
Prepares draft submission documents and finalizes submissions for delivery.
Reviews quotes against specifications and develops side-by side comparisons.
Prepares program proposals.
Reviews binders for accuracy and completeness against quotes and completes file reviews.
Develops and maintains business relationships with sales and broking colleagues and carrier underwriting contacts.
Maintains knowledge of insurance industry market intelligence and carrier appetites.
Participates in continuing education to maintain license and industry credentials.
Records and maintains all information accurately on the appropriate systems.
Ensures that quality and compliance procedures and processes are adhered to.