Senior Associate Broker - Alternative Asset Insurance Solutions

WTWNew York, NY
$100,000 - $150,000

About The Position

The Senior Associate Broker oversees day-to-day placement and broking responsibilities for North American accounts, including new business development. This role develops business relationships with producers and markets, negotiates with underwriters regarding coverage terms, conditions, and pricing on new and existing programs. The Senior Associate Broker evaluates quotes, prepares marketing reports, and manages pro-forma analysis information and distribution. They also assist regional teams with RFP and new business proposal development, utilize technology and AI-enabled tools responsibly to support business outcomes and operational efficiency, and perform other duties as assigned. This 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 is required. The role 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, and assists or may lead front end sales/RFP efforts. The Senior Associate Broker 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, and reviews binders for accuracy and completeness. They also sort and distribute work assignments for developing brokers, maintain and develop business relationships with client advocates, producers and senior underwriting contacts, maintain knowledge of insurance carriers and their business practice, and participate in continuing education to maintain licensure and industry credentials. Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

Requirements

  • 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.
  • 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.
  • 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.

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.
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