City of London, England, United KingdomPosted 4 days agoFull-time
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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 market
• Work 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 associates
• A 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 contacts
• Ensure 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.
QUALIFICATIONS
What you'll bring:
• Working towards the ACII qualification
• A good knowledge of the (re)insurance market to address client and technical
issues
• Computer specific skills:
• Good communication, negotiation, and interpersonal skills
• Excellent
technical skills
• Good presentation abilities
• Ability to assimilate and apply large volumes of information rapidly
• Negotiation skills coupled with the ability to be flexible and innovative
• Ability to work both independently and as part of a wider team
• Able to prioritise, manage deadlines and work under pressure
• Must be able to forge links between broking and client servicing teams
• Ability to adapt personal style to work effectively with a wide range of
clients, colleagues, and underwriters
• Must be prepared to work with integrity and openness, always complying with
FCA requirements.
• Good IT skills with excellent Excel usage capability including:
• Broking Systems
• MS Office
• Power BI
• PQ / 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