Placement Specialist

Willis Towers Watson Boston , MA 02298

Posted 2 months ago

The Placement Specialist is the person recognized as the main contact in the marketplace to represent Willis Towers Watson and coordinate parties on all sides to meet and understand each other's agendas, appetites, and goals. The position does require travel and social interaction at industry events / meetings. The Placement Broking Specialist is responsible for all broking activity, utilizing industry expertise to enhance revenue and foster innovation.

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

The Role

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.

Brokers perform a variety of critical functions including but not limited to:

  • Provide coverage and program design advice and expertise directly to clients and through Client Advocates and Producers

  • Support Producers in new business development provide knowledge and expertise about market dynamics, exposures and insurance solution related to private equity and alternative asset mangers' exposures

  • Draft and negotiate manuscript policy language with insurance carriers and coordinate process with clients' in-house and outside counsel

  • Arrange and manage underwriting meetings for both new and renewal business

  • Preparation and finalization of quotes and coverage confirmations to ensure contract certainty

  • Market renewal and new business opportunities and present proposals to clients

The Requirements

  • 3-6 years of experience in underwriting or broking financial lines insurance with focus on private equity or alternative asset managers

  • Knowledge and familiarity with the overall financial lines marketplace across all segments with particular focus on private equity, alternative assets managers and private company financial lines insurance

  • Experience in policy drafting and construction

  • Comprehensive understanding of complex legal entity structures and exposures associated therewith

  • Strong written and verbal communication and presentation skills

  • Self-motivated, must have the ability to work independently

  • Proficient in Excel, Word and PowerPoint

  • Flexibility with respect Travel

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Placement Specialist

Willis Towers Watson