Willis Towers Watson
Property Broker
Posted on Jul 10 San Francisco, CA 554 views
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 Property Broker position is a highly collaborative role that is heavily focused on client service across many industry segments. The position requires the ability to manage all day-to-day broking activities on accounts plus support Senior Brokers and Regional Leaders on the most complex accounts. In addition, the role provides an opportunity to support and participate in the National Property Practice sales growth initiative including RFP responses.
Base salary range and benefits information for this position are being included in accordance with requirements for various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role base on several factors, including but not limited to location of the role, individual qualifications, education/profession certifications, experience, performance in the role and potential for revenue generation (Producer roles only).
The base salary being offered for this role is $80,000 - $120,000. The role is also eligible for a Short-Term incentive plan.
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
The Property Broker position is a highly collaborative role that is heavily focused on client service across many industry segments. The position requires the ability to manage all day-to-day broking activities on accounts plus support Senior Brokers and Regional Leaders on the most complex accounts. In addition, the role provides an opportunity to support and participate in the National Property Practice sales growth initiative including RFP responses.
The Role:
- Stimulate revenue growth and meet business objectives by placing new and renewal business, improving retention rates, managing commission rates and utilizing group resources
- Gather information and analytics to assess and evaluate client risks in order to support the placement of client risks into the market.
- Seek adequacy of coverage and competitive rates for clients and prospects
- Negotiate terms for accounts and provide property expertise for difficult to place business
- Provides coverage and program design advice and expertise to Client Advocate and Production Team
- Provides knowledge to Client Advocates or Producers about markets and products as they relate to property
- 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
- Communicates with Client Advocate or production team regarding program improvements and recommendations
- Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty
- Assists as technical resource for younger placement brokers
- Insurance broker's license required or willingness to obtain it within 90 days of employment
- Surplus lines license required or willingness to obtain it
- 5+ years’ experience in the field
- College degree preferred
- Technical knowledge of insurance contracts/structure
- Knowledge and understanding of global marketplace
- Compliance and quality management expertise
- Computer skills, including Excel, Word, PowerPoint, Outlook
- Computer system skills; ability to work within agency management systems
- Ability to provide expert, in depth advice to client resulting in overall client satisfaction
- Skilled at interfacing with customers
- Strong presentation skills
- Support nationally based relationships with carriers and clients
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements for various state/local pay transparency legislation. Please note that base salaries may vary for different individuals in the same role base on several factors, including but not limited to location of the role, individual qualifications, education/profession certifications, experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary being offered for this role is $80,000 - $120,000. The role is also eligible for a Short-Term incentive plan.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
