Broker

Wtw; Illinois; Hybrid; USD 150,000 - 175,000; Full time

Benefits offered by this job

Health and Welfare Benefits

Paid Holidays

401(k) plan

Job summary

WTW is seeking a Broker to manage day-to-day placement and broking for North American Construction accounts, focusing on Construction Casualty products for contractors and developers. This role involves negotiating terms with underwriters, preparing proposals, and leading RFP efforts.

The position requires a P&C broker license, 7–15 years of experience, and strong negotiation and presentation skills. A hybrid work model is offered with competitive benefits.

Qualifications

• Insurance broker’s P&C license required.
• Risk Management/Insurance degree preferred.
• 7-15 years of experience minimum.
• Knowledge of design and construction industry and construction-based casualty liability insurance products.
• Casualty liability coverage expertise (GL/WC/Auto/Umb/Excess).
• Demonstrated knowledge of core insurance principles; can explain to clients.
• Negotiation and influencing skills are critical.
• 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.

Responsibilities

• Manages broking responsibilities for a book of new and recurring/annual policies, with primary focus on Construction Casualty for contractors, owners/developers, and design professionals.
• May place additional lines of coverage including Property, Builders Risk, Inland Marine.
• Leads broking communication with underwriters and producers by email, phone, and written correspondence.
• Obtains and distributes information from client and/or producing office.
• Assists or may lead front-end sales/RFP efforts.
• Prepares and oversees proposals, submissions and quotes.
• Responsible for running and interpreting financial analytical models.
• Evaluates and develops coverage confirmations for review.
• Reviews binders for accuracy and completeness.
• Maintains and develops relationships with producers and senior underwriting contacts.
• Maintains knowledge of carriers and their business practices.
• Participates in continuing education to maintain license and credentials.

Skills

P&C license

Risk management

7-15 years experience

Casualty liability coverage

Negotiation skills

Conflict resolution

Selling skills

Attention to detail

Excel formulas

Placement workflows

Presentation skills

Education

Risk Management/Insurance degree

Tools

Excel

Job description

Description

Corporate Risk & Broking
We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results

Broker oversees day-to-day placement and broking responsibilities for North American Construction accounts including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports for distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned.

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

The Role

The Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker, negotiating terms and conditions of variousConstruction liability coverages on behalf of clients.

The Responsibilities

• Manages broking responsibilities for a book of new and recurring/annual policies as well as individual project placements. Primary focus on Construction Casualty insurance products for contractors, owner/developers, and design professionals


• May be required to place additional lines of coverage as applicable to client/account/project including Property, Builders Risk, Inland Marine etc.


• 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


• Responsible for running and interpreting financial analytical models


• Evaluates and develops coverage confirmation for review


• Reviews binders for accuracy and completeness


• Maintain and develop business relationships with producers and senior underwriting contacts


• Maintains knowledge of insurance carriers and their business practice


• Participates in continuing education to maintain license and industry credentials

Qualifications

The Requirements

• Insurance broker’s P&C license will be required


• Risk Management/Insurance degree preferred


• 7-15 years of experience minimum


• Has in-depth knowledge of the design and construction industry, and construction based casualty liability insurance products


• Possesses casualty liability coverage expertise (GL/WC/Auto/Umb/Excess)


• Demonstrated knowledge of core insurance principles & can 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

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.

Compensation and Benefits

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 $150,000.00-$175,000.00 USDannually.

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

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 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