Corporate Risk and Broking Analyst – Broking
WTW
full-time
Posted on:
Location Type: Hybrid
Location: Minneapolis • Minnesota • United States
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Salary
💰 $65,000 - $75,000 per year
Job Level
About the role
- Gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market.
- Create Loss Summaries, review binders and check policies for accuracy and assist senior brokers with servicing activities.
- Support binder reviews, invoicing, and surplus lines documentation to ensure accuracy and compliance with regulatory requirements.
- With guidance from more experienced brokers, prepare draft submission documents and finalize materials for delivery.
- Review quotes against specifications and develop side-by-side comparisons with support from senior team members.
- Assist in preparing proposals and client-facing materials.
- Support the development of client and prospect presentations to secure new business and strengthen existing relationships.
- Assist with deliverables for Client Renewal Strategy Meetings and Requests for Proposal (RFPs).
- Research market solutions to help identify and develop optimal risk strategies for clients.
- Facilitate initial introductions to carriers and trading partners.
- Build foundational knowledge of core insurance principles and brokerage concepts.
- Ensure adherence to quality standards, compliance procedures, and internal processes.
- Accurately record and maintain data in appropriate systems, including utilization of the Broking Platform.
- Obtain the required insurance license within ninety (90) days of hire (as recorded in Company business records).
- Obtain and maintain an active surplus lines license for your resident state within 120 days: (a) your date of hire, if you already hold a resident state insurance license at that time; or (b) obtaining your resident state insurance license, if you do not hold one at the time of hire.
Requirements
- Completed a prior WTW internship
- Bachelor’s degree with a minimum of 3.0 GPA
- Preferred Majors: Risk Management, Business, Finance, Economics, Accounting, Liberal Arts, Geology (BS), Environmental Geology (BS), Sociology
- Proficient in Microsoft Office Suite
- Intermediate Excel skills
- Demonstration of strong time and task management skills
- Ability to take direction, receive constructive feedback and deliver accurate work product
- Relationship management and customer focus; ability to interface with customers and collaborate internally with teammates to serve customers
- Excellent written and verbal communication skills
- Excellent presentation skills, analytically driven and detail oriented
- Exceptional interpersonal skills
- Proficient in time management
Benefits
- 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)
- Retirement Benefits: Contributory Pension Plan and Savings Plan (401k)
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
data analysisrisk assessmentproposal preparationmarket researchinsurance principlesbrokerage conceptscompliance procedurestime managementtask managementExcel
Soft Skills
relationship managementcustomer focuscommunication skillspresentation skillsinterpersonal skillsanalytical skillsdetail orientedability to take directionability to receive feedbackcollaboration
Certifications
insurance licensesurplus lines license