Facultative Broker

Facultative Broker

• 202603944

• Miami, Florida, United States

• Full time

Description

We are looking for a driven and analytical Broker to join our Caribbean team within the Property, Natural Resources, and Construction segment. In this role, you will partner with broking, actuarial, and modeling teams to design and place facultative reinsurance solutions that help clients manage risk and improve capital efficiency.

You’ll work closely with clients and reinsurers, lead placement activities, and coordinate across internal teams to deliver high-quality, timely outcomes. This is a great opportunity to contribute to regional strategy, engage with senior stakeholders, and shape innovative reinsurance solutions in a collaborative, fast-paced environment.

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

We are currently looking to hire a Broker for our operation in the Caribbean.

Responsibilities:

• Work with the broking team, actuaries, and cat modelers to analyze insurance risks in order to advise clients on facultative reinsurance structures to mitigate downside risk and improve capital efficiency.
• Negotiate and manage the placement of facultative reinsurance utilizing markets interested in underwriting Caribbean Risks
• Manage the coordination of underwriting and claims audits of insurance clients.
• Ensure company, market and client-related documentation is issued (internally and externally) accurately and on time.
• Comply with external and internal regulatory and statutory policies, procedures and regulations.
• Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s).
• Meet with senior managers of client companies to present materials.
• The candidate will be expected to join the Property, Natural Resources and Construction Segment participating on the development of our global production strategy.
• Research on industry topics and the development of content to be shared with Clients and Prospects

Qualifications

The Requirements

• Bachelor’s degree
• 3 - 8 years of work experience in the insurance or reinsurance industry.
• Experience required in developing and giving strategy presentations to clients, reinsurers, and internal groups.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.

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 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.

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 (Washington State only)
• Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

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.

At WTW, we trust you to know your work and the people, tools and environment you need to be successful. The majority of our colleagues work in a ”hybrid” style, with a mix of remote, in-person and in-office interactions dependent on the needs of the team, role and clients. Our flexibility is rooted in trust and “hybrid” is not a one-size-fits-all solution.

We understand flexibility is key to supporting an inclusive and diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.

EOE, including disability/vets