Healthcare Broker in Philadelphia, Pennsylvania

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