We are currently seeking a full-time Senior Broker to help continue build out of our offering within Direct and Facultative. The successful candidate will work in our International Casualty team and will support an existing team that handles a portfolio of material sized placements.
We expect the candidate to be involved in business planning and will look for them to work with the existing team to help continue shaping an overall Global Strategy for group. This is an exciting opportunity to join a team that has made impressive strides in a short period of time and has an exciting runway & significant headroom with considerable opportunities to grow and develop.
The Role
Ability to understand a client or prospect's business, situations, opportunities, problems, and key issues
Ability to manage relationships and negotiate placement with the (re)insurance market
Prepare client and prospect presentations considering the impact of client profitability
Work with Account Executives and Sales Team in determining appropriate solutions and structuring and pricing the deal
Identify appropriate markets and determine placing strategy
Create and grow relationships with underwriters in London and international markets
Price and designing conceptual programmes
Ensure ongoing compliance with WTW Willis guidelines and procedures.
Ensure good relationships and communication with other WTW Willis associates
A thorough understanding and an expert real time user for all relevant systems
Understand the clients' business and risk management needs and look for solutions to deliver those needs through the provision of ongoing service
Understand, apply and where necessary explain the BU policies and procedures
Identify primary budget holders and decision makers within clients, establish and maintain active relationships with these people
Provide technical, industry and subject matter expertise where required
Draw on expertise within specialist technical teams within the BU and across the Group for clients as required
Liaise with clients and build strong relationships
Determine appropriate solutions, structure, price, and placement strategies that meet the clients' needs and deliver profitable business for a range of clients
Grow existing portfolio by identifying new new, and/or existing opportunities
Responsibility for supporting the drive of the sales process and business area practice activity in relation to winning, retaining, and developing profitable new clients
Develop and maintain a pipeline of prospects including research, initiation of contact, meetings, responding to RFPs, new business presentations, accurately maintaining WTW Willis CRM database in order to create and convert sales opportunities
Respond quickly and accurately to new business introductions
Actively identify opportunities to work with colleagues across the business to capitalise on account penetration and cross selling opportunities
Develop and maintain knowledge of relevant products and services offered by WTW Willis
Networking - internally with other BUs, within the sector, and with external specialists (lawyers, TPAs, insurers).
Work closely and maintain working relationships with key market contacts
Ensure transparency of agency and other commitments made to carriers and clients
Manage compliant processing of contracts as per FCA and contract certainty requirements
Assist with loading of data into the relevant WTW Willis systems
Check market presentations and client documentation as appropriate
Assist with and design programme and pricing structures to best meet the client's needs based on knowledge of the client, the reinsurance market and industry sector proposition
Deliver optimisation of revenue from new and existing clients through the use of the full range of appropriate placement channels and markets for the specific client segment of the business
Qualifications
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The Requirements
Preferably ACII qualified or working towards the ACII qualification
Must have 5 years plus relevant experience
Preferably fluent in second language
A proven track record in Insurance Broking or Underwriting
A good knowledge of the (re)insurance market to address client and technical issues
Experience across retail, (re)insurance, and retrocession placements as well as any other LOB experience will be greatly useful in this segment of the portfolio
"Whole chain" experience dealing with clients and colleagues globally from the retail to the reinsurance and cedant clients offering fronting solutions and specific facultative opportunities as well as portfolio protections
Computer specific skills:
Good communication, negotiation, and interpersonal skills
Excellent technical skills
Good presentation abilities
Ability to assimilate and apply large volumes of information rapidly
Negotiation skills coupled with the ability to be flexible and innovative
Ability to work both independently and as part of a wider team
Able to prioritise, manage deadlines and work under pressure
Comfortable explaining complex concepts and making recommendations to clients/client servicing teams
Must be able to forge links between broking and client servicing teams
Ability to adapt personal style to work effectively with a wide range of clients, colleagues, and underwriters
Must be prepared to work with integrity and openness, always complying with FCA requirements.
Good IT skills with excellent Excel usage capability including:
PPL
MS Office
Power BI
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued, and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
We're committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@wtwco.com
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