• Associate Cyber Broker

    WTW (Philadelphia, PA)


    Description

    The Role

     

    The **Associate Cyber Broker** (Cyber/FINEX Broker) is primarily responsible for ensuring smooth a smooth underwriting and Cyber Liability insurance delivery process. This Cyber Broker will serve as the primary liaison between insurers and clients. This Associate Broker will be tasked with ensuring that all parties receive necessary documents and information and that calls are scheduled and run in an organized fashion.

     

    They are also, with the support of Senior Insurance Brokers, responsible for assembling submissions, reviewing and analyzing quotes, negotiating with underwriters, and keeping clients informed of placement status.

    The Responsibilities

    + Function as a resource on cyber accounts; participate in client communications/conference calls/meetings and provide technical expertise

    + Prepares submission and distributes to marketplace.

    + Reviews quotes and organizes into summary report.

    + Assists in communicating with underwriters via e-mail and telephone.

    + Assists in communicating with clients via e-mail and telephone.

    + Obtains and distributes information from clients and underwriters.

    + Reviews policies and binders for accuracy and completeness.

    + Maintains and develops business relationships with producers and senior underwriting contacts.

    + Maintains knowledge of insurance carriers and their business practices.

    + Participates in continuing education to maintain license and industry credentials.

    Qualifications

    The Requirements

    + Insurance broker’s P&C/surplus lines license will be required for the role.

    + Undergraduate university degree preferred.

    + Some knowledge of insurance policies / contractual language

    + 1 – 2 years of experience minimum.

    + Must have a thorough understanding of transactional insurance products and principles and be able to communicate them to underwriters and clients.

    + Must have excellent negotiation, conflict resolution, and sales skills.

    + Must have excellent attention to detail, be process-oriented, and be a self-starter with minimal need of supervision.

    + Must be familiar with Microsoft Office suite.

    + Must have solid written and oral presentation skills.

     

    Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

     

    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 base 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 $85,000-$100,000 USD per year.

     

    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.

     

    EOE, including disability/vets

     

    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.