Senior Broker

Corporate Risk & Broking

We help organizations unlock their potential through effective risk management. Our clients rely on us to develop strategies that quantify, mitigate, and transfer risk, leveraging deep industry expertise and extensive market knowledge. The result is a forward-thinking approach to risk that helps drive better business outcomes.

The Senior Broker oversees day-to-day placement and broking responsibilities for a portfolio of North American accounts, including new business development. This role cultivates relationships with retail producers and insurance markets, negotiates coverage terms, conditions, and pricing with underwriters, evaluates quotes, prepares marketing reports, supports 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 Senior Broker is recognized by clients, client advocacy teams, and the insurance marketplace as the primary day-to-day broker, negotiating terms and conditions of various liability and property insurance coverages on behalf of clients.

Responsibilities

• Manage broking responsibilities for a portfolio of new and recurring/annual insurance programs.
• Place and negotiate a broad range of insurance coverages based on client needs.
• Lead broking communications with underwriters and producers via email, telephone, and written correspondence.
• Obtain and distribute information from clients and/or producing offices.
• Support or lead sales and RFP efforts.
• Prepare and oversee the development of proposals, submissions, and quotes.
• Run and interpret financial and insurance-related analytical models.
• Evaluate coverage options and develop coverage summaries for review.
• Review binders for accuracy and completeness.
• Develop and maintain strong business relationships with producers and senior underwriting contacts.
• Maintain knowledge of insurance carriers and their business practices.
• Participate in continuing education to maintain licensing and industry credentials.

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The Requirements

• Property & Casualty (P&C) insurance broker’s license required (or ability to obtain, as applicable).
• Bachelor’s degree in Risk Management, Insurance, Business, Finance, or a related field preferred.
• 7+ years of insurance broking, underwriting, or related industry experience.
• Strong understanding of liability, property, and specialty insurance products.
• Expertise in casualty insurance coverages such as General Liability, Workers’ Compensation, Auto Liability, Umbrella, and Excess Liability.
• Strong knowledge of insurance principles and the ability to explain coverage concepts to clients.
• Demonstrated negotiation and influencing skills.
• Conflict resolution and business development skills are a plus.
• Strong attention to detail and process orientation.
• Proficiency in Excel, including spreadsheet creation and data analysis, preferred.
• Understanding of insurance placement workflows and market practices.
• Self-starter who can work independently with minimal supervision.
• Sound judgment and willingness to seek guidance when needed.
• Strong written, verbal, and presentation skills.

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation and Benefits

Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).

Compensation

The base salary compensation range being offered for this role is $150,000 – $200,000 USD per year. 
This role is also eligible for an annual short-term incentive bonus.

Company Benefits (US locations)

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

• 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 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)
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). 

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records. 

EOE, including disability/vets