Director Of Complex FINEX Placements
The Director serves as the primary broker for complex FINEX placements. The selected candidate may lead and direct FINEX brokers and associate brokers on complex FINEX placements. Performs a lead role in identifying, participating in and driving FINEX new business opportunities. Acts as a thought leader and subject matter expert for clients and WTW internal constituents. Mentors and coaches FINEX colleagues whenever possible.
Develop broking strategy for renewal and new placements
Lead negotiations of renewal and new placements with insurance markets on behalf of clients
Perform research to understand client's and prospect's business and industry
Participate in and adhere to FINEX FINMAR protocols to support a strategic approach to broking
Understand and explain complex coverage terms to clients and prospective clients
Develop marketing strategy in conjunction with clients, including underwriter meetings and presentations
Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market
Provide coverage and program design advice and expertise to client; perform needs and gap analysis to make recommendations regarding program improvements
Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients
Develop, review and deliver presentations to clients and prospective clients
Ensure contract certainty for all placements including following WEM placement guidelines
Lead new business opportunities on behalf of FINEX
Build strong partnerships with a broad range of organizations and stakeholders in the market in order to secure optimum terms and conditions for clients
Contribute to thought leadership and continuous process improvement of the Broking function
Participate in program peer reviews where applicable
Contribute to FINEX related product and service innovations
Mentor and coach FINEX brokers and associate brokers
10 years industry experience
Insurance broker's P&C and surplus lines license required
Demonstrates knowledge of core insurance principles
Ability to conduct research and understand basic finance, accounting and statistics principals
Self-starter, requires minimal supervision
Project management skills
Strong presentation skills written and oral
Skilled at client service
Proven leadership skills
Good listener
Ability to deal with difficult client situations
Demonstrates knowledge of Insurance structures
Technology acumen ability to utilize technology-based record management systems; basic MS Office skills and familiarity with other relevant online tools
Travel required
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 base 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).
The base salary compensation range being offered for this role is $225,000-$275,000 USD per year. This role is also eligible for an annual short-term incentive bonus.
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 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 (only included for Washington roles)
Retirement Benefits : Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans' eligibility requirements.
Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.
EOE, including disability / vets
Director • Denver, CO, US