Healthcare Broker

Description

Healthcare & Life Sciences Casualty Brokers use their deep technical knowledge and understanding of complex risk programs to negotiate placement and coverage strategies for large and complex clients and prospects of WTW. They consistently help WTW win and retain clients, enhance revenues and close pending business opportunities. Maintaining strong relationships with key carriers and staying ahead of industry trends and risk mitigation strategies make them invaluable to our clients. If you’re looking for an opportunity to bring your expertise to a globally recognized firm and committed to helping carriers understand how they can help our clients drive superior results for their firm, you should apply for this exciting position today.

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

The Role

Large & Complex Casualty Broker

WTW’s Healthcare & Life Sciences Industry brokers oversee day-to-day placement and broking responsibilities for our largest and most complex accounts. Brokers are expected to meaningfully contribute to our vertical by supporting new business opportunities; developing business relationships with clients, internal stakeholders and markets; leading negotiations with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluating quotes and preparing marketing reports; managing pro-forma analysis information and distribution; assisting in the development and deployment of Healthcare/Life Sciences-specific products and resources; and performing other duties as assigned.

The Responsibilities

Manages brokerage responsibilities for a book of new and recurring casualty exposures

Leads broking communication efforts with underwriters and client teams

Obtains and distributes information from client and/or client management teams

Assists on or leads front end sales/RFP efforts

Prepares/oversees creation of proposals, submissions and quotes

Designs and prepares analytics/modeling material for clients in support of premium, collateral and/or program structure objectives for each renewal

Reviews binders for accuracy and completeness

Sorts and distributes work assignments for developing brokers

Maintains and develops business relationships with WTW Client Advocates, Producers and senior underwriting contacts

Curates knowledge of the Healthcare/Life Sciences industry, insurance carriers and their business practices

Participates in continuing education to maintain licensure and industry credentials

Qualifications

The Requirements

Insurance broker’s P&C license

Risk Management/Insurance degree preferred

8-10 years of experience preferred

Large account loss sensitive experience

Healthcare and/or Life Sciences experience preferred

Casualty coverage fluency

Ability to negotiate collateral with an understanding of loss development and credit risk

Demonstrated knowledge of core insurance principles & ability to articulate such knowledge to clients

Demonstrated excellence in negotiation skills and influence skills are critical

Demonstrated ability in conflict resolution and selling skills are a plus

Attention to detail and process orientation

Strong ability to deploy the full capabilities of Microsoft Office, in particular Excel and PowerPoint

Understanding of required placement workflows

Self-starter/requires minimal supervision

Will seek guidance when needed

Solid presentation skills-written or oral

Enhancing client service skills

Ability to deal with difficult client situations

Demonstrates knowledge of insurance structures

EOE, including disability/vets