Associate Broker - Alternative Asset Insurance Solutions

Associate Broker - Alternative Asset Insurance Solutions

• 202604980

• New York, United States

• Full time

Description

The Associate Broker is responsible for preparing and submitting business to our carrier partners, following-up for quotes, and for providing analytics for key accounts. In addition to assisting with placement activity, responsibilities will include coordinating deadlines for internal /external colleagues and clients. This individual will utilize their expertise to help enhance results for the team. If you’re looking to join a growing organization with unlimited growth potential, this may be the perfect opportunity for you!

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

The Role

• Gather information and analytics to assess and evaluate client risks in order to support the placement of client risks into the market.

• With support of more experienced brokers, develop client and prospect presentations to secure new, and build on existing, relationships. 

• Research market solutions to learn how to identify and develop optimum risk solutions for clients. 

• Ensure that quality and compliance procedures and processes are adhered to.

• Execute straightforward new business placement, renewals and simple alterations of existing cover, under supervision.

• Record and maintain all information accurately on the appropriate systems.

• Work closely with associates from other departments that support the broking process (e.g., analytics).

• Build technical skills by satisfactorily completing basic and intermediate training courses as required.

• Prepare draft submission documents and finalize submissions for delivery.

• Review quotes against specifications and develop side-by side comparisons.

• Prepare program proposals.

• Review program binders for accuracy against quotes and complete file reviews.

Qualifications

The Requirements

• High School Diploma required; bachelor’s degree preferred

• < 5 years industry experience

• Property and Casualty license required within 6 months

• Solid presentation skills (written and oral); demonstrates active listening and note taking

• Relationship management and customer focus; ability to interface with customers and collaborate internally with teammates to serve customers

• Negotiation skills (carrier and client); ability to maintain as-is renewal terms and handle simple business placements

• Business Acumen: demonstrates basic knowledge/understanding of insurance business.

• Project Management: ability to execute assigned tasks in timely fashion.

• Adaptable and receptive to feedback; will seek guidance when needed

• End to end process knowledge: fluent in insurance process and can drive results by influencing other key players in the process.

• Leadership skills: ability to make decisions and support them; ability to take control of own work; ability to seek guidance and coordinate with others when needed.

• Insurance Technical skills; demonstrates knowledge of core insurance principles. Understands coverage forms and principles.

• Strong technology acumen – ability to utilize technology-based record management systems; advanced MS Office skills and familiarity with other relevant online tools. 

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