Senior Associate Broker - Alternative Asset Insurance Solutions

Senior Associate Broker - Alternative Asset Insurance Solutions

• 202604983

• New York, United States

• Full time

Description

The Senior Associate Broker oversees day-to-day placement and broking responsibilities for North American accounts, including new business development; develops business relationships with producers and markets; negotiates with underwriters regarding coverage terms, conditions, and pricing on new and existing programs; evaluates quotes, prepares marketing reports, and manages pro-forma analysis information and distribution; assists regional teams with RFP and new business proposal development; utilizes technology and AI-enabled tools responsibly to support business outcomes and operational efficiency; and performs other duties as assigned.

Note that visa employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role:

• Manages brokerage responsibilities for a book of new and recurring casualty exposures, primarily environmental exposures
• An understanding of environmental insurance policies and their application to risk exposures
• 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
• Design and prepare analytics/modeling material for clients and offices
• Evaluates and develops coverage confirmation for review
• Reviews binders for accuracy and completeness
• Sorts and distributes work assignments for developing brokers
• Maintain and develop business relationships with client advocates, producers and senior underwriting contacts
• Maintains knowledge of insurance carriers and their business practice
• Participates in continuing education to maintain licensure and industry credentials

Qualifications

The Requirements

• Valid Property & Casualty license as required by state law, or ability to acquire appropriate licensing within 90 days of hire. Obtain Surplus Lines license within 180 days of hire.
• Commercial P&C insurance knowledge/experience is required and previous success in client facing work strongly preferred.
• 5-7 years' experience as a broker, underwriter or in claims, with environmental policies such as combined General Liability/Site Pollution, Contractors Pollution/Professional and Site Pollution strongly preferred
• Demonstrated excellence in negotiation skills and influence skills are critical.
• Diligence review for Private Equity firms to include coverage review, analyzing risk, placement of new programs for environmental exposures as well as non-environmental exposures. 
• Superior interpersonal skills for working with colleagues and clients in a collaborative team environment, both in-person and virtually.
• Demonstrated ability in conflict resolution and negotiation skills are a plus.
• Strong verbal and written communication skills to include phone conversation, email communication, and written presentations skills.
• Technology acumen to adapt to multitude of technology-based systems (Epic, carrier online rating systems, Broking Platform, etc.)
• AI Literacy and Responsible Technology Utilization: Demonstrated ability to leverage AI-enabled tools to enhance productivity, analysis, and decision-making while exercising appropriate professional judgment, validating outputs, safeguarding confidential information, and adhering to WTW responsible AI and data governance standards. This includes the responsible use of AI-assisted research, content generation, data analysis, and workflow automation tools.
• Strong attention to detail and process orientation.
• Time Management and Organizational Skills in the face of changing deadlines and workloads.
• Ability to work independently, yet actively and appropriately engage the services provided by “extended team members” across the Shared Service Centers and Teams.
• Problem solving abilities, including critical thinking, research, quantitative skills, creativity.
• Basic to Intermediate level Microsoft Office skills to include Outlook, Word, PowerPoint, Excel, and Teams.
• Insurance designations such as CPCU, CIC and ARM are advantageous.

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

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 $100,000.00-$150,000.00 USD annually.

This role is also eligible for an annual short-term incentive bonus.

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 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)
• Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans’ eligibility requirements.

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.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.

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.

EOE, including disability/vets