Middle Market Property Broker

WTW•New York, NY

About The Position

The Property Broker serves as an integral interface between WTW’s clients and prospects and various insurance carriers in the marketplace. They advise Producers and other colleagues on the design of programs for clients; present submissions to carriers, negotiate to secure coverage that meets client needs, oversee preparation of client proposals and maintain strong relationships with key carriers. If you are a consultative advisor who thrives in creating technical sound solutions that address the clients’ risk without turning their balance sheet upside down, this is the role for you. 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. The Middle Market Property Broker position is a highly collaborative role that is focused on large single carrier accounts. In addition, the role provides an opportunity to support and participate in the Middle Market sales growth initiative including RFP responses. Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

Responsibilities

Stimulate revenue growth and meet business objectives by placing new and renewal business, improving retention rates, managing commission rates and utilizing group resources
Gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market.
Seek adequacy of coverage and competitive rates for clients and prospects
Negotiate terms for accounts and provide property expertise for difficult to place business
Provides coverage and program design advice and expertise to Client Advocate and Production Team
Provides knowledge to Client Advocates or Producers about markets and products as they relate to property
Prepares submission/coverage specifications and submits proposals to carriers for quotes
Receives quotes from carriers and negotiates for the best program for clients, provides coverage comparison
Communicates with Client Advocate or production team regarding program improvements and recommendations
Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty
Assists as technical resource for other brokers within Middle Market