Underwriter - Facultative & Structured Risks
WTW is a company that specializes in insurance and risk management, and they are seeking an Underwriter within their Facultative & Structured Risks Division. This role involves underwriting property risks, managing brokerage responsibilities, and collaborating with brokers and carrier partners.
Responsibilities
- Manages brokerage responsibilities for a book of new and recurring 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
- Prepares/oversees creation of proposals, submissions and quotes
- Design and prepare analytics/modeling material for clients and offices
- Evaluates and develops coverage confirmation for review
- Reviews binders 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 credentials
Skills
- A Bachelor's degree in a related field
- Prior experience in administrative or support roles
- 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
- Exposure to Excel formulas and spreadsheet creation/manipulation a plus
- 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
Benefits
- Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Group Accident, Group Critical Illness, Life Insurance, AD&D, Group Legal, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
- Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)
- Retirement Benefits: Contributory Pension Plan and Savings Plan (401k)
Company Overview