Candidates with brokerage experience and strong client relationship skills will find this junior role in the Facultative GB business unit offers growth opportunities in the Latin American and Caribbean markets.
Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from WTW
Junior Broker position within the Facultative GB business unit. Responsibility for placing, retention and servicing of existing LatAm and Caribbean cedants as well as the development and successful conversion of new business. Exciting opportunity to join a team that has high growth targets and will be looking to win significant new business in the near future; considerable opportunities to grow and develop.
The Role:
Ability to manage relationships and negotiate placement with the (re)insurance marketWork with other Account Executives and Sales Team in determining appropriate solutions and structuring and pricing the deal
Identify appropriate markets and determine placing strategy
Create and grow relationships with underwriters in London and international markets
Assist with determining appropriate solutions, structure, price, and placement strategies that meet the clients’ needs and deliver profitable business for a range of clients
Liaise with cedants and build strong relationships.
Grow existing portfolio by identifying new-new, and/or new from existing opportunities.Draw on expertise within the team and across the Group for clients as required.Understand, apply and where necessary explain the BU policies and procedures.
Ensure ongoing compliance with WTW guidelines and procedures.Ensure good relationships and communication with other WTW associatesA thorough understanding and an expert real time user for all relevant systems Understand the clients’ business and risk management needs and look for solutions to deliver those needs through the provision of ongoing service
Business Development
Assist with the drive of the sales process and business area practice activity in relation to winning, retaining and developing profitable new clients. Assist with the development and maintenance of prospects including research, initiation of contact, meetings, responding to RFPs, new business presentations, accurately maintaining CRM database in order to create and convert sales opportunities.Respond quickly and accurately to new business introductions, as well as renewal submission.Actively identify opportunities to work with colleagues across the business to capitalise on account penetration and cross-selling opportunities.Develop and maintain knowledge of relevant products and services offered by WTW.Networking – internally with other BUs, within the sector, and with external specialists (lawyers, TPAs, insurers).
Placement Management
Work closely and maintain working relationships with key market contactsEnsure transparency of agency and other commitments made to carriers and cedant clients.Manage compliant processing of contracts/MRC’s as per FCA and contract certainty requirements.Assist with loading of data into the relevant WTW systems, including the Broking Platform.Check contracts, market presentations and client documentation as appropriate.Assist with and design programme and pricing structures to best meet the client’s needs and wishes based on knowledge of the client, the reinsurance market and industry sector proposition.Deliver optimisation of revenue from new and existing clients through the use of the full range of appropriate placement channels and markets for the specific client segment of the business
Operational and Service Delivery
Communicate effectively with clients, cedants, colleagues and markets.Assist with development of service plans that define the engagement and timing of engagement with the cedant.Ensure adherence to Group policies, procedures and all regulatory requirements.Provide feedback on corrective action required to retain cedants or enhance process performance, actively supporting the implementation of any actions that are put in place.
What you'll bring:
Working towards the ACII qualificationA good knowledge of the (re)insurance market to address client and technical issuesComputer specific skills:Good communication, negotiation, and interpersonal skillsExcellent technical skillsGood presentation abilitiesAbility to assimilate and apply large volumes of information rapidlyNegotiation skills coupled with the ability to be flexible and innovativeAbility to work both independently and as part of a wider teamAble to prioritise, manage deadlines and work under pressureMust be able to forge links between broking and client servicing teamsAbility to adapt personal style to work effectively with a wide range of clients, colleagues, and underwritersMust be prepared to work with integrity and openness, always complying with FCA requirements.Good IT skills with excellent Excel usage capability including:Broking SystemsMS OfficePower BIPQ / RIC
What We Offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company.
We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Equal Opportunity Employer
We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidatehelpdesk@wtwco.com
Source: WTW careers