Senior Associate Broker - Alternative Asset Insurance Solutions

WTW•New York, NY

1d•Hybrid

About The Position

The Senior Associate Broker oversees day-to-day placement and broking responsibilities for North American accounts, including new business development; develops business relationships with producers and markets; negotiates with underwriters regarding coverage terms, conditions, and pricing on new and existing programs; evaluates quotes, prepares marketing reports, and manages pro-forma analysis information and distribution; assists regional teams with RFP and new business proposal development; utilizes technology and AI-enabled tools responsibly to support business outcomes and operational efficiency; and performs other duties as assigned. Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. The Role: Manages brokerage responsibilities for a book of new and recurring casualty exposures, primarily environmental exposures An understanding of environmental insurance policies and their application to risk exposures Leads broking communication efforts by e-mail, telephone, and written correspondence with underwriters and producers Obtains and distributes information from client and/or producing office Assists or may lead front end sales/RFP efforts Prepares/oversees creation of proposals, submissions and quotes Design and prepare analytics/modeling material for clients and offices Evaluates and develops coverage confirmation for review Reviews binders for accuracy and completeness Sorts and distributes work assignments for developing brokers Maintain and develop business relationships with client advocates, producers and senior underwriting contacts Maintains knowledge of insurance carriers and their business practice Participates in continuing education to maintain licensure and industry credentials

Requirements

Valid Property & Casualty license as required by state law, or ability to acquire appropriate licensing within 90 days of hire.
Obtain Surplus Lines license within 180 days of hire.
Commercial P&C insurance knowledge/experience is required
Previous success in client facing work strongly preferred.
5-7 years' experience as a broker, underwriter or in claims, with environmental policies such as combined General Liability/Site Pollution, Contractors Pollution/Professional and Site Pollution strongly preferred
Demonstrated excellence in negotiation skills and influence skills are critical.
Diligence review for Private Equity firms to include coverage review, analyzing risk, placement of new programs for environmental exposures as well as non-environmental exposures.
Superior interpersonal skills for working with colleagues and clients in a collaborative team environment, both in-person and virtually.
Demonstrated ability in conflict resolution and negotiation skills are a plus.
Strong verbal and written communication skills to include phone conversation, email communication, and written presentations skills.
Technology acumen to adapt to multitude of technology-based systems (Epic, carrier online rating systems, Broking Platform, etc.)
AI Literacy and Responsible Technology Utilization: Demonstrated ability to leverage AI-enabled tools to enhance productivity, analysis, and decision-making while exercising appropriate professional judgment, validating outputs, safeguarding confidential information, and adhering to WTW responsible AI and data governance standards. This includes the responsible use of AI-assisted research, content generation, data analysis, and workflow automation tools.
Strong attention to detail and process orientation.
Time Management and Organizational Skills in the face of changing deadlines and workloads.
Ability to work independently, yet actively and appropriately engage the services provided by “extended team members” across the Shared Service Centers and Teams.
Problem solving abilities, including critical thinking, research, quantitative skills, creativity.
Basic to Intermediate level Microsoft Office skills to include Outlook, Word, PowerPoint, Excel, and Teams.

Nice To Haves

Insurance designations such as CPCU, CIC and ARM are advantageous.

Responsibilities

Oversees day-to-day placement and broking responsibilities for North American accounts, including new business development
Develops business relationships with producers and markets
Negotiates with underwriters regarding coverage terms, conditions, and pricing on new and existing programs
Evaluates quotes, prepares marketing reports, and manages pro-forma analysis information and distribution
Assists regional teams with RFP and new business proposal development
Utilizes technology and AI-enabled tools responsibly to support business outcomes and operational efficiency
Manages brokerage responsibilities for a book of new and recurring casualty exposures, primarily environmental exposures
Leads broking communication efforts by e-mail, telephone, and written correspondence with underwriters and producers
Obtains and distributes information from client and/or producing office
Assists or may lead front end sales/RFP efforts
Prepares/oversees creation of proposals, submissions and quotes
Designs and prepares analytics/modeling material for clients and offices
Evaluates and develops coverage confirmation for review
Reviews binders for accuracy and completeness
Sorts and distributes work assignments for developing brokers
Maintains and develops business relationships with client advocates, producers and senior underwriting contacts
Maintains knowledge of insurance carriers and their business practice
Participates in continuing education to maintain licensure and industry credentials

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 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.