Associate Broker

WTW•New York, NY

3d•$80,000 - $155,000

About The Position

This role involves developing and leading market strategy, conducting proposal review meetings, and delivering market intelligence to meet client presentation dates. The Associate Broker will address client needs by identifying coverage gaps and highlighting new opportunities, while also creating innovative placement approaches. A key part of the role includes negotiating premiums, coverage enhancements, commissions, and existing coverages with carriers. The position requires a thorough review and analysis of renewal information, including coverage, limits, loss history, and exposures. Effective communication with WTW team members, carriers, and wholesalers is essential throughout the placement process. The Associate Broker will also be responsible for binding coverage, creating and submitting carrier binders/documents, and building strong carrier and wholesaler relationships. Staying informed about changing insurance and risk market conditions and communicating these changes to the WTW service team is crucial. The role also requires understanding and complying with WTW Excellence Model Management (WEM) requirements, collaborating with other client services teams and Shared Service Centers, and maintaining performance to applicable Client Service and Placement standards and/or metrics.

Requirements

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

Responsibilities

Develop and lead market strategy and proposal review meetings with WTW team members to correspond with client presentation dates.
Deliver market intelligence for strategy meetings and utilize available resources throughout the marketing process.
Address client needs by identifying coverage gaps and highlighting new coverage opportunities for comprehensive program placements.
Create innovative placement approaches to meet and exceed client expectations.
Negotiate premiums, coverage enhancements, commissions, and existing coverages with carriers.
Provide a thorough review and analysis of renewal information; including but not limited to, coverage, limits, loss history, and exposures.
Provide thorough communication with all WTW team members, carriers, and/or wholesalers throughout the duration of each placement.
Bind coverage and create and submit carrier binders/documents.
Build and maintain strong carrier and wholesaler relationships.
Attend and participate in Industry meetings.
Keep informed of changing insurance and risk market conditions. Communicate changes and/or updates to WTW service team members as they relate to pertinent classes of business.
Understand and comply with WTW Excellence Model Management (WEM) requirements.
Collaborate and communicate with other client services teams and Shared Service Centers to smoothly and efficiently complete joint work/process steps/etc.
Maintain performance to applicable Client Service and Placement standards and/or metrics.