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Senior Casualty Broker

Company: Willis Towers Watson
Location: Los Angeles
Posted on: March 20, 2023

Job Description:

The Senior Casualty 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; manages pro-forma analysis information and distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned.
Note: 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
  • 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

    The Requirements

    • Insurance broker's P&C license will be required
    • Risk Management/Insurance degree preferred
    • 8+ years of experience preferred
    • Large account loss sensitive experience
    • Casualty coverage fluency
    • Demonstrated knowledge of core insurance principles & provide explanation to clients
    • Demonstrated excellence in negotiation skills and influence skills are critical
    • Demonstrated ability in conflict resolution and selling skills are a plus
    • Attention to detail and process orientation
    • Exposure to Excel formulas and spreadsheet creation/manipulation a plus
    • Understanding of required placement workflows
    • Self-starter/requires minimal supervision
    • Will seek guidance when needed
    • Solid presentation skills-written or oral
    • Enhancing client service skills
    • Ability to deal with difficult client situations
    • Demonstrates knowledge of insurance structures

      The base salary being offered for this role is $150,000 - $230,000. This role is also eligible for a Short Term Incentive plan.
      Company Benefits
      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)
      Retirement Benefits: Contributory pension plan and Savings Plan (401k). Certain senior level roles may
      also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans.

Keywords: Willis Towers Watson, Los Angeles , Senior Casualty Broker, Sales , Los Angeles, California

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