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Description

Private Equity Commercial Insurance Broker

This person is responsible for leading the design and negotiation of commercial insurance strategies for small to lower middle market private equity portfolio companies. This role serves as both the voice of WTW and the primary advocate for our clients in the insurance marketplace.

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

The Role

+ Lead property & casualty placement workflows for project-based business.

+ Conduct due diligence reviews to identify coverage gaps and recommend enhancements or replacement programs, present findings to the Project Manager.

+ File Broker of Record (BOR) letters with carriers and securing copies of policies where replacement programs are not required.

+ Develop and lead market strategy and proposal review meetings with WTW team members to align with client presentation dates.

+ Deliver market intelligence for strategy meetings and utilize available resources throughout the marketing process.

+ Create innovative placement approaches to meet and exceed client expectations.

+ Negotiate premiums, coverage enhancements, commissions, and existing coverages with carriers.

+ Provide a thorough review and analysis of carrier quotes, including but not limited to, coverage, limits, loss history, and exposures.

+ Maintain clear and consistent communication with WTW teams, carriers, and wholesalers throughout the placement process.

+ Bind coverage and create and submit carrier binders/documents.

+ Build and maintain strong carrier and wholesaler relationships.

+ Attend and participate in Industry meetings.

+ Keep informed of changing insurance and risk market conditions.

+ Understand and comply with WTW Excellence Model Management requirements.

+ Collaborate and communicate with other client services teams and Shared Service Centers to smoothly and efficiently complete joint work/process steps/etc.

+ Maintain performance to applicable Client Service and Placement standards and/or metrics.

Qualifications

The Requirements

+ Active Property & Casualty license as required by state law, or ability to acquire appropriate licensing within 60 days of hire. Obtain Surplus Lines license within 90 days of hire.

+ Minimum 5 years of commercial P&C insurance experience, preferably in a client-facing role.

+ Familiarity with Private Equity business is a plus.

+ Experience with carrier online rating systems (e.g., BOP platforms).

+ Exceptional interpersonal skills for collaborative work environments—both virtual and in-person.

+ Demonstrated ability in conflict resolution and negotiation skills.

+ Strong verbal and written communication skills to include phone conversation, email communication, and written presentation skills.

+ Technology acumen to adapt to multiple technology platforms (Epic, carrier systems, Broking Platform, etc.)

+ Strong attention to detail and process orientation.

+ Excellent time management and organizational skills in dynamic, deadline-driven settings.

+ Ability to work independently, yet actively and appropriately engage the services provided by extended team members across the Shared Service Centers and Teams.

+ Problem-solving abilities, including critical thinking, research, quantitative skills, and creativity.

+ Proficiency in Microsoft Office Suite (Outlook, Word, PowerPoint, Excel, Teams).

+ Professional insurance designations such as CPCU, CIC and ARM are advantageous.

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 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.

Compensation

The base salary compensation range being offered for this role is $60,000-$90,000 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 paid 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 (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf) ( _Washington State only_ )

+ **Retirement Benefits:** Contributory Pension Plan and Savings Plan (401k).

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