Senior Broker - Construction
WTW · Philadelphia
Broker, Construction
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 various Construction 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