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Associate Broker (Cyber)

Company: Willis Towers Watson
Location: New York
Posted on: June 12, 2021

Job Description:

The Associate Broker is an operational role that supports a team of brokers by assisting with organization, daily operations, communication with clients and client service marketing support, renewal solicitations, proposal creation, pipeline and forecast maintenance. Great opportunity for a junior candidate to get exposure to the industry with large growth potential!

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

The Role

Responsibilities include day-to-day servicing of broker's accounts, including renewals; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and renewal accounts; performs other duties as assigned

  • Gather blank new/renewal applications and send to the production team or client
  • Create web-based submissions as needed
  • Utilize Connected Broking, Client Proposal Workbook, and other WTW systems
  • Receive new/renewal submission from the production team or client
  • Enter and maintain financial statements, forecasts, and pipeline
  • Send the submission to carriers; utilize the Panel as needed

o Carry out surplus lines, market security, sanctions, and third party payment procedures

  • Receive quotes and update renewal document(s) as needed
  • Create the base WEM presentation for the broker
  • Serve as the Second Set of Eyes for WEM (quote proposals, confirmation/evidence of coverage)
  • Secure orders to bind from production team or client
  • Provide orders to bind to the carrier/underwriters
  • Gather the binders and check them for accuracy; secure corrections as needed
  • Send WEM confirmation/evidence of coverage communication to production team or client
  • Add/renew policy record in EPIC; upload required documentation throughout placement
  • Secure binder contingencies as directed by the brokers; send to the carriers once received
  • Work collaboratively with Mumbai on policy issuance and on other tasks
  • Willis Online data input
  • Generate Model Reports
  • Follow up on invoicing and accounting inquiries
  • Set client/underwriter meetings for renewing/prospective business
  • Provide support and education on international placements, invoicing and taxation differences
  • Educate the team on updates/changes to the System (EPIC, Connected Broking, etc.)
  • Develop relationships with the carrier's underwriting teams
  • Participates in continuing education to maintain license
  • Develop relationships with internal production and client management teams as well as the carrier's underwriting teams

The Requirements

  • 1-3 years industry experience
  • Insurance broker's P&C license required
  • Demonstrates knowledge of core insurance principles
  • Ability to conduct research
  • Understanding of required placement workflows
  • Team player
  • Must demonstrate core competency of Willis Values & Vision
  • Self-starter/requires minimal supervision
  • Will seek guidance when needed
  • Develops strong relationships with internal and external stakeholders
  • Good written and oral skills
  • Good listener
  • Interest in developing client service skills
  • Ability to deal with difficult client situations
  • Ambition to master cyber/E&O coverage and exposures
  • Can effectively multi-task
  • Proficient in Word, Excel, PowerPoint and Access

What we can offer you

  • Professional and technical growth opportunities
  • Competitive salary and benefits package including generous parental leave
  • Diverse and inclusive work environment that encourages new ideas and personal growth
  • Short feedback loop: Immediately visible impact from your contributions
  • A strong team empowered to make decisions and changes

EOE, including disability/vets

Keywords: Willis Towers Watson, New York , Associate Broker (Cyber), Other , New York, New York

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