Senior Broker - Construction

WTW•Chicago, IL

About The Position

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 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

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
Performs other duties as assigned

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