Senior Broker - Construction

WTW•Chicago, PA

4d•Hybrid

About The Position

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. 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
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
Exposure to Excel formulas and spreadsheet creation/manipulation a plus

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

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.