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Willis Towers Watson
Director; Financial Solutions - Trade Credit
Posted on Sep 9 Hunt Valley, MD 27 views
The (Associate) Director- Financial Solutions Trade Credit is responsible for the design of risk management programs for client, requests updated renewal information including loss runs, prepares submissions/coverage specifications, presents submissions/coverage specifications to carriers, and negotiates to secure coverage that meets client needs.
The Role
Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
Duties and responsibilities include but are not limited to:
Procures carrier quotes that meet client needs, prepares and often presents client proposals.
Binds carrier quotes and obtains binders and coverage confirmations. Maintains strong relationships with key carriers. May identify, solicit, and develop new pieces of business with existing clients.
Responsible for collections, record keeping, and quality of service provided to clients so that the assigned book of business is profitable.
Contacts existing clients to ensure quality service is being delivered
Identifies and monitors insurance and risk management needs of prospective or current clients
Conducts needs assessment with current and potential customers
Identifies and presents appropriate services to client
Participates in targeted public relations activities
Maintains extensive market relationships
Develops account strategies, presentations, and other forms of communication with client
Prepares and delivers underwriting submissions
Maintains account documentation and correspondence
Negotiates responsive programs and service agreement rates
Provides customer service, including resolving customer inquiries and problems
Establishes procedures for claims administration and loss prevention activity Technical placement, underwriting or sales experience
Provides coverage and program design advice and expertise to the Client
Provides knowledge about markets and products as they relate to classes of business
Conducts client meetings as requested with respect to renewal marketing
Obtains updated renewal information from Client
Prepares submission/coverage specifications and submits proposals to carriers for quotes
Receives quotes from carriers and negotiates for the best program for clients, provides coverage comparison
Prepares quote proposals to present to client
Communicates with the client regarding program improvements and recommendations
Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty
Assists as technical resource for newer placement brokers
The Requirements
- 10-15 years proven insurance industry experience related to servicing accounts large accounts
- Property and Casualty license
- Knowledge of Insurance and/or Brokerage business
- Strong technical knowledge of product area or industry
- Ability to provide consultation and expert advice to management on risk management issues
- Strong Excel and analytical skills
- Experience with large deductible programs
- Verbal and written communication skills
- Interpersonal skills, including relationship-building skills with clients and co-workers
- Ability to work independently and self-motivated
- Ability to work in a team setting
- Ability to multi-task and work in a fast paced environment
- Strong customer service skills
- Strong presentation skills
- Critical Thinking skills\
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
Equal Opportunity Employer
This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is 125,000.00 USD per year.
This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
- 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).
At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.
We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.