Property Broker - Facultative Reinsurance
Willis Iberia
Property Broker in our Facultative Division oversees day-to-day placement and broking responsibilities for North American accounts including new business development; develops business relationships with producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports; manages pro-forma analysis information and distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned.
The Role:
Brokerage responsibilities for a book of new and recurring property exposures 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 Negotiates contract endorsements Prepares/oversees creation of proposals, submissions and quotes and binders Design and prepare analytics/modeling material for clients and offices Evaluates and develops coverage confirmation for review Reviews certificates for accuracy and completeness Sorts and distributes work assignments for developing brokers Maintain and develop business relationships with client advocates, producers and senior underwriting contacts Maintains knowledge of insurance carriers and their business practice Participates in continuing education to maintain licensure and industry credentialsThe Requirements:
Insurance broker’s P&C license will be well regarded, but not necessary. Risk Management/Insurance degree will be well regarded2-5 years of Facultative Property experience preferredLarge account loss sensitive experience is requiredExperience in claims analysis, Cat modelling, line setting and pricing will be well regardedDemonstrated knowledge of core (re)insurance principles & provide explanation to clientsHigh level of Property coverage fluencyDemonstrated excellence in negotiation skills and influence skills are criticalDemonstrated ability in conflict resolution and selling skills are a plusAttention to detail and process orientationHigh proficiency with Excel formulas and spreadsheet creation/manipulation a plusUnderstanding of required placement workflowsSelf-starter/requires minimal supervisionWill seek guidance when neededSolid presentation skills-written or oralEnhancing client service skillsAbility to deal with difficult client situationsDemonstrates knowledge of insurance structuresEEO, including disability/vets
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