We are currently seeking a full-time Broker to help continue build out of our offering within Structured Risk. The successful candidate will work across both Property and Casualty (Re)Insurance lines and will support an existing team that handles an existing 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 remit is broad and will span across both Insurance and Reinsurance Lines of Business covering Large and Complex single risk, Facilities and Reinsurance (Proportional, and Non-Proportional).
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 as part of a team.
- Prepare client and prospect presentations considering the impact of client profitability.
- Help arrange and participate in marketing meetings i.e. client roadshows, virtual meetings etc.
- Help prepare and check market presentations and client documentation as appropriate.
- Assist the team with ongoing development, maintenance, and co-ordination around pipeline prospects – accurately maintaining WTW CRM & RAFT systems in order to assist with Business Planning and Forecasting.
- Assist with the loading of data into the relevant WTW Systems.
- Work with Client Relationship Directors, Account Executives, Brokers, Sales, Marketing, and the Structured Risk team in determining appropriate solutions and structuring and pricing of placements.
- Identify appropriate markets and assist the team with determining placing strategy.
- Create and grow relationships with underwriters in London and international re(insurance) markets.
- Participate in information gathering exercises and ad-hoc market analysis.
- Ensure ongoing compliance with WTW guidelines and procedures.
- Understand, apply and where necessary explain WTW policies and procedures.
- Ensure good relationships and communication with other WTW colleagues.
- A thorough understanding and an expert real time user for all relevant systems.
The Requirements:
- Preferably ACII qualified or working towards the ACII qualification.
- Experience in (Re)Insurance Broking or Underwriting.
- A good knowledge of the (Re)Insurance market in order to address client and technical issues.
- Good communication, negotiation, and interpersonal skills.
- Excellent attention to detail.
- Good technical skills.
- Good presentation abilities.
- Ability to assimilate and apply large volumes of data and information and draw conclusions.
- 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.
- Operates with a sense of urgency and client first attitude at all times.
- Comfortable explaining complex ideas and making recommendations to clients/client servicing teams.
- 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, complying at all times with FCA requirements.
- Good IT skills with good Excel usage capability
- Quantitative background preferred but not essential.
- Reinsurance experience across Proportional and Non-Proportional lines desirable but not essential.
Equal Opportunity Employer
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.
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.
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