Senior R&W Broker

WTW; New York (NY); Hybrid; USD 150,000 - 325,000; Full time

Benefits offered by this job

Health benefits

Paid time off

401k savings plan

Job summary

Willis Towers Watson in New York is seeking a transactional insurance professional to join the Mergers & Acquisitions Group. You will design and place transactional insurance products, prepare submissions, present coverage, and negotiate with carriers to meet client needs.

You will advise the TS Client Advocate or Production Team, draft proposals, and maintain strong relationships with carriers. The role emphasizes knowledge of markets, strong presentation skills, and the ability to navigate

Qualifications

• JD degree, preferred.
• M&A experience preferred or similar legal experience.
• 2-4 years industry experience, preferably with M&A or complex insurance experience.

Responsibilities

• Technical placement, underwriting or sales experience.
• Provides coverage and program design advice and expertise to TS Client Advocate or Production Team.
• Provides knowledge to TS Client Advocates or Producers about markets and products as they relate to classes of business.
• Drafts sales materials and participates in the sales process with producers.
• Prepares submission/coverage specifications and submits proposals to carriers for quotes.
• Receives quotes from carriers and negotiates for the best program for clients.

Skills

Underwriting experience

Sales experience

Carrier negotiations

Proposal preparation

Client relationships

Industry knowledge

Education

J.D. degree

Job description

Description

The Company

Willis Towers Watson (NASDAQ: WLTW ) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 territories. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas - the dynamic formula that drives business performance. Unlock your potential at Willis Towers Watson.

The Business

Corporate risk and 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.

The Role

Works with the Transactional Solutions ("TS") Client Advocate or Production Team within the Willis Mergers & Acquisitions Group in the design and placement of transactional insurance products for client, prepares submissions/coverage specifications, presents submissions/coverage specifications to carriers, and negotiates to secure coverage that meets client needs. Advises TS Client Advocate or Production Team in selecting carrier quotes that meet client needs, prepares and presents client proposals. Binds carrier quotes and obtains binders and coverage confirmations. Maintains strong relationships with key carriers. Participates in sales presentations.

Responsibilities:

• Technical placement, underwriting or sales experience


• Provides coverage and program design advice and expertise to TS Client Advocate or Production Team


• Provides knowledge to TS Client Advocates or Producers about markets and products as they relate to classes of business


• Drafts sales materials and participates in the sales process with producers


• Prepares submission/coverage specifications and submits proposals to carriers for quotes


• Receives quotes from carriers and negotiates for the best program for clients, provides coverage comparison


• Prepares quote proposals to present to client


• Communicates with TS Client Advocate or Production Team regarding program improvements and recommendations


• Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty


• Manages the claim process and communicates with the insured and carriers throughout the process to support favorable outcomes and claim payment certaint

Qualifications

Qualifications:

• JD degree, preferred


• M&A experience preferred or similar legal experience


• 2-4 years industry experience, preferably with M&A or complex insurance experience, or with representations & warranties, contingent and/or tax liability insurance experience


• Must have obtained insurance brokers license within 60 days of employment


• Demonstrates knowledge of core insurance principles & provide explanation to clients


• Ability to conduct research


• Must demonstrate core competency of Willis Values & Vision


• Self-starter/requires minimal supervision


• Will seek guidance when needed


• Solid presentation skills - written and oral


• Good listener


• Strong leadership skills


• Mentoring/coaching skills


• Enhancing client service skills


• Ability to deal with difficult client situations


• Demonstrates knowledge of Insurance structures

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

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation

The base salary compensation range being offered for this role is $150,000- $325,000 USD per year. 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 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), Paid Time Off (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf) ( Washington State only )


• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

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.

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)

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.

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 base 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).

Company Benefits

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), Paid Time Off ( Washington State or remote only )

Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

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 [e-mail].

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.

EOE, including disability/vets

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.