Sr. Construction Broker

Job title: Sr. Construction Broker

Company: Willis Towers Watson

Job description: WTW – Risk & Broking (R&B) North America are looking to recruit an individual for the role of Senior Construction Broker in our Toronto office. WTW is seeking a candidate with proven expertise in Builder’s Risk and Wrap Up Liability placement as well as operational insurance program renewal placements for clients in the construction vertical. Understanding of other key construction related coverages an asset. Whilst located in Toronto, this is a national opportunity to work with all of our four Canadian offices and be part of the North American leading construction team.Responsibilities will include technical and contractual exposure analysis, underwriting information review, wholesome submission creation, development and execution of placement strategies, evaluating coverage offerings from carriers, negotiate with underwriters, and presenting evaluation to the clients, assists regional teams with RFP and new business proposal development and performs other duties as assigned.Note : Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.The RoleThe Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker, negotiating terms and conditions of various Construction coverage’s on behalf of clients.The Responsibilities

• Manages brokerage responsibilities for renewals of clients in the construction vertical as well as project specific construction placements.
• Provide knowledgeable leadership, insight, and direction for broking activities, ensuring consistent fulfillment of clients’ expectations.
• Evaluate all solutions to identify and develop optimum risk solutions for clients.
• Create and execute broking strategy and market negotiations.
• Review of underwriting documentation, including review of contractual insurance recommendation, to create a wholesome submission aligned with strategy.
• Analyzing client specific risk exposure and details coverage requirements; preparing and presenting marketing proposals for renewals and new business;
• Design and produce analytics/modeling materials for clients, assessing and evaluating client risks to facilitate effective placement in the market.
• Oversee the design and preparation of draft proposals; negotiate and finalize carrier quotes, terms, conditions, and coverage confirmations to ensure contract certainty.
• Bind carrier quotes, review binders and policy documents, and ensure accurate coverage confirmations.
• Cultivate strong partnerships with stakeholders in the market to secure favorable terms and conditions for clients.
• Interaction with all key stakeholders: clients, carriers, WTW team members, and other third party vendors
• Work closely with associates from other departments that support the broking process (e.g., analytics, claims).

Qualifications:

• Licenses as required by provincial law
• Minimum 3-5 years of experience in construction broking
• Demonstrated technical expertise in insurance, including the ability to apply knowledge of coverage forms for program design, identify coverage gaps, and provide ongoing coverage consultation.
• Capability to oversee end-to-end management of large, complex renewals as well as construction projects.
• Adaptable to working effectively as a team or independently with the ability to adjust to tight and changing priorities and deadlines
• Demonstrated excellence in negotiation skills and influence skills are critical
• Attention to detail and refined organizational skills and ability to muli-task.
• Strong presentation skills, both written or oral with the ability to engage in complex and technical conversations at the executive level.
• Leadership skills: ability to make decisions and support them; ability to take control of own work; ability to seek guidance and coordinate with others when needed.

Equal Opportunity Employer

Expected salary:

Location: Toronto, ON

Job date: Wed, 10 Jul 2024 00:18:12 GMT

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