Hybrid Corporate Risk and Broking Analyst – Broking

at WTW

• Job title: Corporate Risk and Broking Analyst – Broking
• Job type: Full Time
• Experience level: Entry level
• Salary: $65,000 - $75,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Minneapolis, United States

About the role

• Associate Broker in Minneapolis Construction team supporting client risks for insurance solutions. Engaging in broking activities and collaborating with senior team members for optimal solutions.

Responsibilities

• 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)