Job Information
WTW Finex Broker in Miami, Florida
Description
Would you like to help drive the growth of a global company that works with 86% of the Fortune Global 500? Our Global Financial and Executive Risk (FINEX) Line of Business is comprised of over 700 Financial Lines specialists and has built a wealth of world-wide experience in the FINEX sector. This, coupled with a long-established track record of market leadership in product innovation and risk solutions, has put FINEX at the forefront of advising many of the world’s largest clients with respect to their Financial and Executive Risks needs.
A Finex Broker manages day-to-day servicing of management liability accounts, including renewals; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and renewal accounts (for small and middle market accounts); prepares client materials, renewal strategies, insurance proposals; maintains the diary system; verifies accuracy of insurance documentation; has a moderately complex book of management liability business up to USD2.1M; and the opportunity to manage a key position within our successful Global Line of Business, where you will be working with some of the best market professionals across different geographies, developing innovative solutions to help our clients and develop and grow the FINEX portfolio in the Region.
The Role
The role reports into the Head of FINEX CAC based in Panama City.
What will you be responsible for?
Support placement of Casualty and Finex SME accounts into the marketplace
Develop broking and marketing strategy for renewal and new placements
Coordinate with global colleagues on placements
Assist with performing policy contract reviews
Negotiate renewal and new placements with insurance markets on behalf of clients
Prepare draft strategy documents, proposals, submissions, and quote proposals
Gather information and analytics to assess and evaluate client risks in order to support the placement of client risks into the market
Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients
Research and answer questions from underwriters and producers
Follow up with insurance carriers and underwriters regarding the status of quotes and provides any additional information or rates as necessary
Build strong partnerships with a broad range of organizations and stakeholders in the market in order to secure optimum terms and conditions for clients
Maintain knowledge of insurance carriers and market trends
Support WTW producers in pursuing and closing new business opportunities
Qualifications
The Requirements
Technical knowledge of Casualty and FINEX product lines including D&O, EPL, Fiduciary and Crime/Fidelity is preferable
Knowledge and understanding of current marketplace/carriers
Demonstrates technical knowledge of insurance contracts and structures
Analytical and quantitative skills to effectively communicate the value of analytical models and results for evaluating clients’ risks
Demonstrates knowledge of core insurance principles and provides explanations to clients
Transactional oriented; ability to work on multiple placements at once
Must demonstrate core competency of WTW Values & Vision
Self-starter/requires minimal supervision, ability to execute assigned tasks in timely fashion
Ability to interface with clients and collaborate internally with teammates to serve clients
Seek guidance when needed and be receptive to feedback
Strong communication and presentation skills, both written and oral
Good listening skills
Enhanced client service skills and negotiation skills
Ability to manage and seek higher level support in difficult situations
Strong technology acumen – ability to utilize technology-based record management systems, advanced Microsoft Office skills and familiarity with other relevant online tools
Quick learner, client centric and results oriented.
To get involved in the Reinsurance quoting and placement processes
Travel required
EOE, including disability/vets
WTW
-
- WTW Jobs