Property Broker

WTW•New York, NY

16h•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. This role involves evaluating quotes, preparing marketing reports, managing pro-forma analysis information and distribution, and assisting regional teams with RFP and new business proposal development. It 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. This role is a business partnership with client decision makers, supporting assigned clients, often those with complex programs. Client-facing responsibilities are an expectation of the position. The colleague will coordinate with Producers and Client Advocates on Client Property Service Strategy for assigned clients. The role may also involve serving as a mentor and Subject Matter Expert. This position is hybrid and requires travel to client locations.

Requirements

2 - 4 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 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 met
Follow WTW excellence and compliance principles, driving positive outcomes

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
Work/Life Resources (including Employee Assistance Program)
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)
Contributory Pension Plan
Savings Plan (401k)
Annual short-term incentive bonus