Job Information
WTW Associate Broker - Property in Bloomington, Minnesota
Description
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.
Working with the guidance and direction of the Senior Broker, the Associate Broker oversees day-to-day Property placement and broking responsibilities for North American 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 Associate Broker is recognized by the client, client advocate team and the insurance marketplace as the colleague who provides critical support to the team, and is responsible for preparing and submitting business to our carrier partners, following-up for quotes, and for providing analytics for key accounts. In this position, you will research market solutions to learn how to identify and develop optimum risk solutions for clients, and execute straightforward new business placements, renewals and simple alterations of existing cover, with guidance.
Major Accountabilities:
Provide critical support to the broking team that manages brokerage responsibilities for a book of new and recurring annual policies
Run and interpret analytical models
Participate in broking communication efforts by email, telephone, and written correspondence with underwriters and colleagues
Assist with or lead front-end sales/RFP efforts
Obtain and distribute information from client and/or producing office
Evaluate and develop coverage information for review
Prepare draft submission documents and finalize submissions for delivery
Review quotes against specifications and develop side-by side comparisons
Prepare program proposals
Review binders for accuracy and completeness against quotes and complete file reviews
Develop and maintain business relationships with sales and broking colleagues and carrier underwriting contacts
Maintain knowledge of insurance industry market intelligence and carrier appetites
Participate in continuing education to maintain license and industry credentials
Record and maintain all information accurately on the appropriate systems
Ensure that quality and compliance procedures and processes are adhered to
Qualifications
The Requirements
Insurance broker’s P&C license will be required. Can be obtained post hire.
High School Diploma required; Bachelor’s Degree preferred
2-4 years industry experience preferred
Attention to detail and process orientation
Exposure to Excel formulas and spreadsheet creation/manipulation required
Demonstrated knowledge of core insurance principles & the ability to provide an explanation to clients
Demonstrated competence in negotiation skills
Demonstrated ability in conflict resolution
Demonstrated client service focus
Understanding of required placement workflows
Self-starter/requires minimal supervision
Will seek guidance when needed
Solid presentation skills - written or oral
Ability to deal with challenging client situations
Demonstrated knowledge of insurance program structures
EOE, including disability/vets (https://cdn-static.findly.com/wp-content/uploads/sites/954/2019/09/Equal-Employment-Opportunities-EEO-Policy.pdf)
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