Broker - Construction Professional Liability

WTW • New York, NY • 1h ago

Description

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

The 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.

Note: 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 professional 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 professional liability insurance products for contractors, owner/developers, and design professionals

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

Qualifications

The Requirements

Insurance broker's P&C license will be required

Risk Management/Insurance degree preferred

5-7 years of experience minimum

Has in-depth knowledge of the design and construction industry, and construction based professional liability insurance products

Possesses professional liability coverage expertise

Demonstrated knowledge of core insurance principles & can provide explanation to clients

Demonstrated excellence in negotiation skills and influence skills are critical

Demonstrated ability in conflict resolution and selling skills are a plus

Attention to detail and process orientation

Exposure to Excel formulas and spreadsheet creation/manipulation a plus

Understanding of required placement workflows

Self-starter/requires minimal supervision

Will seek guidance when needed

Solid presentation skills-written or oral

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.

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 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).

Compensation

The base salary compensation range being offered for this role is $130,000.00-$150,000.00 USD annually.

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 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 (only included for Washington roles)

Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans' eligibility requirements.

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.

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.

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.

EOE, including disability/vets

WTW

Go to Apply

Share this job

Similar Jobs

Associate Project Engineer Construction Resources

New York Power Authority • White Plains, NY • 1h ago

Trucking & Construction

Associate Project Engineer Construction Resources Location: White Plains, US Summary This is a "flex" role within NYPA's Customer Project Delivery (CPD)group. This role will report directly to the Director of Engineering...

1h ago

Go to Apply

Construction Administrative Assistant

Robert Half • Westfield, NJ • 1h ago

Trucking & Construction

Description We are looking for a detail-oriented Construction Administrative Assistant to support the estimating team. This Long-term Contract opportunity will cover a leave assignment and is ideal for someone who can ke...

1h ago

Go to Apply

DriverCDL

Core & Main LP • Garden City, NY • 6h ago

Trucking & Construction

Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure with local service, nationwide. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection produc...

6h ago

Go to Apply

CDL-A - Dedicated Flatbed truck driver

Schneider • Newark, NJ • 12h ago

Trucking & Construction

Dedicated Flatbed truck driver Average pay: $1,350-$1,650 weekly Home time: Daily Experience: 3 months or greater CDL experience Overview Haul flooring tile on straight truck flatbed. Unload freight with moffetts. Haul f...

12h ago

Go to Apply

CDL-A - Dedicated Flatbed truck driver

Schneider • Avenel, NJ • 12h ago

Trucking & Construction

12h ago

Go to Apply

CDL-A - Dedicated Flatbed truck driver

Schneider • New York, NY • 12h ago

Trucking & Construction

12h ago

Go to Apply

CDL-A - Dedicated Flatbed truck driver

Schneider • Elizabeth, NJ • 12h ago

Trucking & Construction

12h ago

Go to Apply

Construction Assistant

Stew Leonard's • Yonkers, NY • 1d ago

Trucking & Construction

Stew Leonard's, a family-owned and operated fresh food store founded in 1969, has locations in Connecticut, New York, and New Jersey. Stew's earned its nickname, the "Disneyland of Dairy Stores" because of its country-fa...

1d ago

Go to Apply

Procurement Contract Specialist - Construction

Port Authority of New York and New Jersey • New York, NY • 1d ago

Trucking & Construction

Description About the Role For over 100 years, The Port Authority of New York and New Jersey has been designing, constructing, and operating the greater New York and New Jersey's regional transportation infrastructure. T...

1d ago

Go to Apply

CDL-A - Tanker truck driver

Schneider • Keasbey, NJ • 1d ago

Trucking & Construction

Tanker truck driver Average pay: $1,220-$1,490 weekly Home time: Every other week Experience: All CDL holders Overview Haul 75% non-hazardous freight in tanker trailers. Get home for three days every other weekend. Pay a...

1d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)