Senior Middle Market Property Broker
About The Position
The Senior Middle Market Property Broker serves as an integral interface between WTW’s clients and prospects and various insurance carriers in the marketplace. They advise Producers and other colleagues on the design of programs for clients; present submissions to carriers, negotiate to secure coverage that meets client needs, oversee preparation of client proposals and maintain strong relationships with key carriers. This is a consultative advisor role focused on creating technically sound solutions that address clients’ risks without negatively impacting their balance sheet. The role involves crafting strategies to quantify, mitigate, and transfer risk, leveraging specialist industry experience and market know-how. The Middle Market Property Broker position is a highly collaborative role focused on large single carrier accounts and supports the Middle Market sales growth initiative, including RFP responses. Employment-based non-immigrant visa sponsorship is not offered for this role.
Requirements
- Insurance broker's license required
- 5-10 years industry experience
- Technical knowledge of insurance contracts/structure
- Knowledge and understanding of global marketplace
- Compliance and quality management expertise
- Computer skills, including Excel, Word, PowerPoint, Outlook
- Computer system skills: ability to work within agency management systems
- Ability to provide expert, in depth advice to client resulting in overall client satisfaction
- Skilled at interfacing with customers
- Strong presentation skills
- Support nationally based relationships with carriers and clients
Nice To Haves
- College degree preferred
Responsibilities
- Stimulate revenue growth and meet business objectives by placing new and renewal business, improving retention rates, managing commission rates and utilizing group resources.
- Gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market.
- Seek adequacy of coverage and competitive rates for clients and prospects.
- Negotiate terms for accounts and provide property expertise for difficult to place business.
- Provides coverage and program design advice and expertise to Client Advocate and Production Team.
- Provides knowledge to Client Advocates or Producers about markets and products as they relate to property.
- Prepares submission/coverage specifications and submits proposals to carriers for quotes.
- Receives quotes from carriers and negotiates for the best program for clients, provides coverage comparison.
- Communicates with Client Advocate or production team regarding program improvements and recommendations.
- Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty.
- Assists as technical resource for other brokers within Middle Market.
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 paid 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 ( Washington State only )
- Contributory Pension Plan
- Savings Plan (401k)
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
