Property Broker

WTW•Minneapolis, MN

1d•$80,000 - $140,000•Hybrid

About The Position

The Property Broker is responsible for day-to-day placement and broking responsibilities for North American accounts, developing business relationships with markets, and negotiating with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluating quotes, preparation of marketing reports, managing pro-forma analysis information and distribution; assisting regional teams with RFP and new business proposal development. This includes client relationship and strategy at the insurance program level in conjunction with a Producer or Client Advocate, to meet the client’s insurance and risk management needs. Because of the Client Executive’s strong connection to the client’s business and fundamental understanding of its industry, this relationship is a business partnership with client decision makers. Colleagues in this role will support assigned clients and will in many cases include clients with complex programs. Client facing responsibilities are an expectation of the position. Colleague will coordinate with Producers and Client Advocates on Client Property Service Strategy for assigned clients. Colleague may serve as a mentor and may also be a Subject Matter Expert. This role is hybrid and travel to client locations will be required. Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. The Role Manage broking responsibilities for a book of new and recurring Property exposures Lead broking communication efforts for assigned accounts, including but not limited to obtaining exposure information, preparation of specs and dissemination of submissions, and evaluation of quotes Drive the renewal process to establish and implement the client-specific renewal strategy, collaborating with WTW resource, practice and industry groups as needed Build and develop market relationships Remain abreast of marketplace changes Retain existing book of business, while developing and strengthening client relationships Increase/maximize the profitability of the client account and drive retention of that business In collaboration with producers, expand existing client relationships and participate in new business prospecting Assist with or lead front-end RFP efforts Provide strategic planning and consulting advice to clients; monitoring insurance and risk management needs in collaboration with WTW resource, practice and industry groups; recommend appropriate solutions throughout the policy term (including acquisition due diligence) Identify, engage, and integrate delivery of WTW internal resources to deliver on the client experience Prepare/oversee creation of proposals, client advocacy reports, client service plans and schedules Ensure policy requirements (legal, regulatory and compliance) are me Follow WTW excellence and compliance principles, driving positive outcomes

Requirements

4-10 years of Property insurance knowledge/experience in a client-facing role or demonstrated capabilities relative to role responsibilities
Demonstrated experience in core insurance principles; fluency in Property coverage
Ability to apply knowledge of coverage forms in the analysis of program design, the identification of coverage gaps, and ongoing coverage consultation
Large account experience
Ability to interpret, analyze, and present models
Negotiation skills – ability to drive conflict resolution and secure concessions without damaging relationships
Relationship Management skills: ability to leverage internal and external relationships; ability to drive conflict resolution
Attention to detail and process orientation
Critical thinking and problem-solving skills, high adaptability
Verbal and written communication skills; group presentation skills, ability to drive complex/technical conversations
Project management skills: end-to-end oversight of large, complex, ambiguous, or multi-dimensional projects
Basic MS Office skills and familiarity with other relevant online tools
Exposure to Excel formulas and spreadsheet creation/manipulation
Insurance broker’s P&C license required

Nice To Haves

Insurance industry designations preferred but not required (CPCU, ARM, CIC, CRIS, CRM)

Responsibilities

Manage broking responsibilities for a book of new and recurring Property exposures
Lead broking communication efforts for assigned accounts, including but not limited to obtaining exposure information, preparation of specs and dissemination of submissions, and evaluation of quotes
Drive the renewal process to establish and implement the client-specific renewal strategy, collaborating with WTW resource, practice and industry groups as needed
Build and develop market relationships
Remain abreast of marketplace changes
Retain existing book of business, while developing and strengthening client relationships
Increase/maximize the profitability of the client account and drive retention of that business
In collaboration with producers, expand existing client relationships and participate in new business prospecting
Assist with or lead front-end RFP efforts
Provide strategic planning and consulting advice to clients; monitoring insurance and risk management needs in collaboration with WTW resource, practice and industry groups; recommend appropriate solutions throughout the policy term (including acquisition due diligence)
Identify, engage, and integrate delivery of WTW internal resources to deliver on the client experience
Prepare/oversee creation of proposals, client advocacy reports, client service plans and schedules
Ensure policy requirements (legal, regulatory and compliance) are me
Follow WTW excellence and compliance principles, driving positive outcomes

Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
Health and Welfare 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)
Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid 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 (Washington State only)
Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

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