Financial Lines Broker at WTW

Duties include, but are not limited to:

• Stimulate revenue growth and meet business objectives by placing new and renewal business, improving retention rates, managing commission rates and utilizing group resources
• Seek adequacy of coverage and competitive rates for clients and prospects
• Negotiate terms for accounts and provide expertise for difficult to place business
• Provide coverage and program design advice and expertise to Client Executives and clients
• Provide knowledge to Client Executives and clients about markets and products 
• Prepare submission/coverage specifications and submits proposals to carriers for quotes
• Receive quotes from carriers and negotiate the best program for clients, provide coverage comparison
• Communicate with Client Executive or client regarding program improvements and recommendations
• Preparation and finalization of Carrier and Client quotes & coverage confirmations to ensure contract certainty
• Assist as technical resource for younger placement brokers

Qualifications

Requirements

• 5+ years’ experience in Financial Lines insurance (Commercial Crime, Professional Indemnity, Management Liability / Directors & Officers Liability or Cyber) with at least 5 years’ broking experience.
• South African Citizen 
• FAIS compliant: RE5 as well as 120 credits at NQF level 5 (or relevant degree) 
• Technical knowledge of insurance contracts/structure
• Knowledge and understanding of global marketplace
• Experience in placing/handling complex risks
• Compliance and quality management expertise
• Computer skills, including Excel, Word, PowerPoint, Outlook
• Computer system skills; ability to work within agency management systems 
• Ability to provide expert, in depth advice to client resulting in overall client satisfaction
• Skilled at interfacing with customers
• Strong presentation and communication skills in English 
• Support nationally based relationships with carriers and clients