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Senior Broker - Builders Risk

WTW
Posted 2 months ago, valid for 8 days
Location

Hartford, CT 06151, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The Builder’s Risk Broker serves as the primary broker for clients' construction coverage needs, negotiating terms and conditions in the insurance marketplace.
  • Key responsibilities include managing a portfolio of new and recurring policies, focusing on Project Builder’s Risk and Contractor’s Block.
  • The role involves leading communication efforts with underwriters, preparing proposals, and running financial analytical models to evaluate coverage options.
  • Candidates should have a minimum of 3-5 years of relevant experience in the insurance industry.
  • The position offers a competitive salary range of $75,000 to $100,000, depending on experience.

The Role 


The Builder’s Risk Broker is recognized by the client, client advocate team and the insurance marketplace as the day-to-day broker for coverage needs, negotiating terms and conditions of various Construction coverage's on behalf of clients.

The Responsibilities

  • Manages brokerage responsibilities for a book of new and recurring/annual policies.  Primary focus on Project Builder’s Risk, Master Builder’s Risk Programs, and Contractor’s Block 
  • 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 for Builder’s Risk sales leads
  • 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



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