Senior Broker - Construction

WTW • Chicago, AZ

4d • Hybrid

About The Position

Corporate Risk & Broking: 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 Broker oversees day-to-day placement and broking responsibilities for North American Construction accounts including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports for distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned. Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity. The Role: The Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker, negotiating terms and conditions of various Construction liability coverages on behalf of clients.

Requirements

• Insurance broker’s P&C license will be required.
• 7-15 years of experience minimum.
• Has in-depth knowledge of the design and construction industry, and construction based casualty liability insurance products.
• Possesses casualty liability coverage expertise (GL/WC/Auto/Umb/Excess).
• Demonstrated knowledge of core insurance principles & can provide explanation to clients.
• Demonstrated excellence in negotiation skills and influence skills are critical.
• Demonstrated ability in conflict resolution and selling skills are a plus.
• Attention to detail and process orientation.
• Exposure to Excel formulas and spreadsheet creation/manipulation a plus.
• Understanding of required placement workflows.
• Self-starter/requires minimal supervision.
• Will seek guidance when needed.
• Solid presentation skills-written or oral.

Nice To Haves

• Risk Management/Insurance degree preferred.

Responsibilities

• Manages broking responsibilities for a book of new and recurring/annual policies as well as individual project placements.
• Primary focus on Construction Casualty insurance products for contractors, owner/developers, and design professionals.
• May be required to place additional lines of coverage as applicable to client/account/project including Property, Builders Risk, Inland Marine etc.
• 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.
• Responsible for running and interpreting financial analytical models.
• Evaluates and develops coverage confirmation for review.
• Reviews binders for accuracy and completeness.
• Maintain and develop business relationships with producers and senior underwriting contacts.
• Maintains knowledge of insurance carriers and their business practice.
• Participates in continuing education to maintain license and industry credentials.

Benefits

• 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 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).
• Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Associate degree