Job Information
WTW Global Specialist in Short Hills, New Jersey
The Company
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
The Business
Corporate risk and broking
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 global capabilities, specialist’s industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.
The Role
Willis Towers Watson’s Global Services & Solutions team is an industry leading brokerage team built to drive a more effective process and outcome for complex global insurance placements. By focusing best in class talent on our client’s most complex risk issues, Willis Towers Watson is able to deliver risk solutions which optimize Total Cost of Risk. We are seeking Global Specialists for our Global Services and Solutions practice that will be responsible for assisting the broader client service and brokerage teams in the advisory, development, implementation and coordination of complex international programs.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
Responsibilities:
Develop a deep understanding of the clients’ business, strategic priorities, risk strategies and risk management needs.
Advise clients on global risk strategy, optimum program structure and geographical nuances and regulations impacting their risk decisions.
Package and present client risk exposures to insurer community to implement best coverage and program implementation.
Design & negotiate non-US Casualty program placements; including coverage expertise and program service standards.
Ability to complete a high volume of detailed work including certificates and policies accurately and efficiently. Must have strength in gathering, analyzing and tracking large scale data.
Competency to build technical industry knowledge, establish an understanding of the international marketplace, and help the brokerage team evaluate clients’ international exposures.
Communicate with international network on service of global programs. Maintain primary ownership of communication flow between network, State-side brokerage team and the client.
Review appropriate binding documentation and aide in development of quote comparison. Supervise invoicing process, coordinating delivery of documentation globally and monitor payments to avoid policy cancellation.
Assume ownership of professional development, continuously seeking opportunities to broaden technical insurance expertise.
Keep abreast of changing market conditions and informs team members and/or clients of major developments affecting various types of coverage.
Maintain, execute and resolve open items lists on a variety of projects for assigned clients.
Manage a Multinational Book of Business relative to the Global Services & Solutions model as follows:
Associate Global Specialist : First point of contact and day-to-day management of solutions-based resolution and anticipation of client needs on Corporate Basic and Complex Corporate clients; Secondary contact as directed by the primary or Sr. on Large & Complex as well as Jumbo level clients, managing open items, CSS oversite and day-to-day tasks touching both clients and markets. Estimated size of book 20-30 clients
Global Specialist : First point of contact and day-to-day management of solutions-based resolution and anticipation of client needs on Complex Corporate and Large & Complex clients; Secondary contact as directed by the primary or senior on Large & Complex as well as Jumbo level clients, managing open items, CSS oversite and day-to-day tasks touching both clients and markets. Will also be the secondary but senior point of contact on Corporate Basic or Corp Complex as a point of escalation, oversight, mentoring and training. Estimated size of book 10-25 clients
Senior Global Specialist : First point of contact and day-to-day management of solutions-based resolution and anticipation of client needs on Large & Complex and Jumbo clients; Secondary contact as a senior point of contact on Corporate Complex as well as Large & Complex clients as a point of escalation, oversight, mentoring and training. Will also be more involved on sales opportunities, potential of a tertiary role holding a more strategic client relationship depending on client. Estimated size of book 10-25 clients
Qualifications vary by level of Global Specialist:
Broker’s license preferred.
Bachelor’s Degree from an accredited college or university; international business or finance preferred
Insurance industry experience by level:
Associate Global Specialist : 2-5 years preferred but not required.
Global Specialist : 3-10 years of experience
Senior Global Specialist : 8-20 years of experience depending on complexity of client mix along with education.
Proficiency in Microsoft Office Suite with a strong command of Excel
Proficiency in foreign language(s), a plus
Qualified candidates will be those who demonstrate the following skills: effective verbal and written communication, time management and prioritization, strong attention to detail, customer service capabilities and commitment to personal growth.
Compensation and Benefits
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 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).
Compensation
The base salary compensation range being offered for this role is $100,000-$120,000 USD.
This role is also eligible for an annual short-term incentive bonus or performance-based recognition awards.
Company Benefits
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 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), Paid Time Off (https://cdn-static.findly.com/wp-content/uploads/sites/1862/2023/01/31091722/Washington-State-Time-Off.pdf) ( Washington State only )
Retirement Benefits: Contributory Pension Plan and Savings Plan (401k). All Level 38 and more senior roles may also be eligible for non-qualified Deferred Compensation and Deferred Savings Plans. If Level 38 or more senior role is in Washington State, you must add the retirement benefits paragraph to the job description. Please note: Producer Sales roles are not currently eligible for the WTW Pension Plan.
EOE, including disability/vets