Management Liability Placement Broker

WTW•New York, NY

3d•Hybrid

About The Position

The Placement Specialist - Financial Lines Broker is the main contact in the marketplace to represent Willis Towers Watson and coordinate parties on all sides to meet and understand each other’s agendas, appetites, and goals. The position does require travel and social interaction at industry events / meetings. The Placement Specialist Broker is responsible for all broking activity, utilizing industry expertise to enhance revenue and foster innovation. Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. Brokers perform a variety of critical functions including but not limited to: Provide coverage and program design advice and expertise directly to clients and through Client Advocates and Producers Conduct pre-closing insurance due diligence for private equity sponsors, identifying material coverage deficiencies across existing programs, and structure and negotiate post-closing insurance programs Support Producers in new business development – provide knowledge and expertise about market dynamics, exposures and insurance solution related to private equity and alternative asset mangers’ exposures Draft and negotiate manuscript policy language with insurance carriers and coordinate process with clients’ in-house and outside counsel Arrange and manage underwriting meetings for both new and renewal business Preparation and finalization of quotes and coverage confirmations to ensure contract certainty Market renewal and new business opportunities and present proposals to clients

Requirements

Minimum 3 years of experience in underwriting or broking financial lines insurance, preferably with focus on private equity or alternative asset managers
Knowledge and familiarity with the overall financial lines marketplace across all segments.
Prior experience with private equity, alternative assets managers, SPACs and private company financial lines insurance desired
Experience in policy drafting and construction
Comprehensive understanding of complex legal entity structures and exposures associated therewith
Strong written and verbal communication and presentation skills
Self-motivated, must have the ability to work independently
Proficient in Excel, Word and PowerPoint

Responsibilities

Provide coverage and program design advice and expertise directly to clients and through Client Advocates and Producers
Conduct pre-closing insurance due diligence for private equity sponsors, identifying material coverage deficiencies across existing programs, and structure and negotiate post-closing insurance programs
Support Producers in new business development – provide knowledge and expertise about market dynamics, exposures and insurance solution related to private equity and alternative asset mangers’ exposures
Draft and negotiate manuscript policy language with insurance carriers and coordinate process with clients’ in-house and outside counsel
Arrange and manage underwriting meetings for both new and renewal business
Preparation and finalization of quotes and coverage confirmations to ensure contract certainty
Market renewal and new business opportunities and present proposals to clients

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)
Paid Holidays
Annual Paid Time Off (includes 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 (only included for Washington roles)
Qualified contributory pension plan (if eligible)
401(k) plan with annual nonelective company contribution.
Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.