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Senior Professional/Pollution Liability Broker

Company: Willis Towers Watson
Location: Minneapolis
Posted on: May 27, 2023

Job Description:

TheRole Essential duties and responsibilities include but are not limited to:

  • Manage brokerage responsibilities for a book of new, recurring and project-specific Professional and Pollution Liability placements.
  • Provide knowledge, leadership, insight and direction for broking activities to ensure that clients' expectations are regularly met.
  • Orchestrate new business placement, renewals and alterations of existing coverage.
  • Develop, review and deliver presentations to secure new, and build on existing, relationships.
  • Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client insurance policies in the market.
  • Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients.
  • Provide coverage and program design advice and expertise to client; perform needs and gap analysis to make recommendations regarding program improvements.
  • Build strong partnerships with a broad range of organizations and stakeholders in the market in order to secure optimum terms and conditions for clients.
  • Set priorities and standards for the broking function and regularly review and evaluate the performance of the function to ensure it is relevant and cutting edge.
  • Work closely with associates to stay on top of changes in the marketplace.
  • Oversee design and preparation of coverage specifications/submissions and proposals; negotiate and finalize carrier quotes, policy terms and conditions and coverage confirmations to ensure contract certainty.
  • Bind carrier quotes and review binders and coverage confirmations.
  • Request/attend and participate in regular client and underwriter meetings.
  • Conduct program peer reviewsand provide coaching/training to brokers in training.
  • Lead or participate in client training sessions specific to Professional / Pollution Liability.
  • Respond to mid-term client inquiries (i.e., policy and coverage questions) in partnership with other Service and Broking colleagues. Management and oversight of timely and accurate completion of endorsement(s).
  • Provide guidance on and/or complete contract reviews. The Requirements
    • 7 years of insurance experience in a client-facing role required.
    • Professional / Pollution Liability insurance knowledge/experience required, with experience in program management of large master programs and project-specific placements; construction knowledge preferred.
    • Able to apply knowledge of coverage forms in the analysis of program design, identification of coverage gaps, and ongoing coverage consultation.
    • Demonstrated excellence in interpreting, analyzing and presenting complicated risk models in a logical, systematic way.
    • Ability to leverage internal and external relationships to bring WTW resources and assets tailored to client needs.
    • Demonstrated ability to develop innovative and creative solutions to do complex deals, drive consensus across internal and external stakeholders to close deals.
    • Solid presentation skills (written and oral); ability to drive complex/technical conversations and engage at executive level.
    • Ability to drive end-to-end oversight of large, complex, ambiguous or multi-dimensional projects.
    • Intermediate to advanced Excel skills (i.e., pivot tables, formulas, macros, etc.); spreadsheet creation / manipulation a plus.
    • Receptive to feedback: critical thinking and critical thinking skills; high adaptability.
    • Project Management skills, including attention to detail, organization, time management, prioritization and decision-making.
    • Insurance industry designations preferred but not required (CRIS, CPCU, ARM, CIC, CRM).
    • Travel required.

Keywords: Willis Towers Watson, Minneapolis , Senior Professional/Pollution Liability Broker, Sales , Minneapolis, Minnesota

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