Senior Broker - Construction

Broker, Construction 

Corporate Risk & Broking
We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate and transfer risk, taking advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results

Broker oversees day-to-day placement and broking responsibilities for North American Construction accounts including new business development; develops business relationships with retail producers and markets; negotiates with underwriters regarding coverage terms, conditions and pricing on new and existing programs; evaluates quotes, prepares marketing reports for distribution; assists regional teams with RFP and new business proposal development, and performs other duties as assigned. 

Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role 

The 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 liability coverages on behalf of clients.

The Responsibilities

• Manages broking responsibilities for a book of new and recurring/annual policies as well as individual project placements.      Primary focus on Construction Casualty insurance products for contractors, owner/developers, and design professionals
• May be required to place additional lines of coverage as applicable to client/account/project including Property, Builders Risk, Inland Marine etc.   
• 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
• Responsible for running and interpreting financial analytical models
• Evaluates and develops coverage confirmation for review
• Reviews binders for accuracy and completeness
• Maintain and develop business relationships with producers and senior underwriting contacts
• Maintains knowledge of insurance carriers and their business practice
• Participates in continuing education to maintain license and industry credentials

The Requirements

• Insurance broker’s P&C license will be required
• Risk Management/Insurance degree preferred
• 7-15 years of experience minimum
• Has in-depth knowledge of the design and construction industry, and construction based casualty liability insurance products 
• Possesses casualty liability coverage expertise (GL/WC/Auto/Umb/Excess)
• Demonstrated knowledge of core insurance principles & can provide explanation 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
• 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

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.

Compensation and Benefits 

Base salary range and benefits information for this position are being include