Senior Broker, Professional Services Group

AON SERVICE CORPORATION • New York, NY • 3h ago

Account Executive/Broker II - (Professional Liability) New York (hybrid) Provide detailed support to Senior Vice-President on complex Professional Liability, Employment Practices Liability, Management Liability, and Cyber insurance placements; ensure all clients' needs are promptly and accurately satisfied; ensure all deadlines are met on a timely basis; ensure quality standards are maintained and handle projects independently and creatively. Grasp topics involving our specialty law firm niche. Act on behalf of the Senior Vice-President ("SVP") in their absence. Being able to work collaboratively as part of a team is vital. Knowledge of broking Professional Liability insurance is important. This is a hybrid role and will require you to work out of our New York City office on average 3 days a week. Aon is in the business of better decisions At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed. What the day will look like Day to day servicing activities for law firm clients. Maintain responsibility for renewal cycles of law firm clients' Professional Liability insurance programs. Proactively coordinate renewal cycle to ensure all necessary steps are completed in a timely fashion. Prepare and/or check renewal invitation letters, application reviews, market submissions, terms reports, putting up the firm orders to various insurance companies, ensuring that coverage is bound prior to the effective date, and responding to client requests and inquiries. Review completed applications and underwriting submission materials prepared by Assistant Vice President ("AVP") and Associate. Prepare renewal strategy documents including benchmarking information and contribute in renewal strategy discussions with client. Prepare and check market quotes, binders and policy documentation. Ensure client, marketing and claims files are maintained in a timely fashion. Check computations of premiums and taxes prepared by AVP and Associate. Prepare and/or check client invoices prepared by AVP and Associate. Review and prepare wording comparisons, consolidated policy wordings, letters and reports under the direction of the SVP. Ensure all communications, both written and verbal, received from clients, insurers and other Aon offices are acknowledged promptly by working with the SVP. Coordinate activity with other Aon offices to ensure smooth completion of all client and marketing activity. Responsible for broking to markets on placements, including marketing and development of renewal terms under the direction of the SVP. Need for comprehensive understanding of Professional Liability insurance coverage terms critical to broking to markets. Responsible for placing complex Professional Liability insurance towers in coordination with SVP Review insurance summaries prepared by AVP. Review client Insurance requirements, and other client risk and insurance issues and prepare responses in collaboration with SVP. Willingness to travel as necessary. Check all data into the Client Information System (CIS), GRIP, and other various databases/systems. Maintain daily diary and outstanding list on the client renewal accounts. Prepare and assist in development of sales documents, presentations and RFP responses to prospective new clients. Participate in practice building and business development activities as needed. Skills and experience that will lead to success Minimum 5 years Professional Liability insurance experience. Employment Practices Liability, Management Liability, and Cyber insurance experience an asset. Good writing and communication skills. Ability to listen and work successfully in a team. Stro

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