Senior Broker - Construction Practice

About the role

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 specialist industry experience and unparalleled market know-how. The Broker oversees day-to-day placement and broking responsibilities for North American Construction accounts, including new business development, and acts as the primary day-to-day broker negotiating terms and conditions of various Construction liability coverages on behalf of clients.

Responsibilities

• Manages broking responsibilities for a book of new and recurring/annual policies as well as individual project placements, with a primary focus on Construction Casualty insurance products for contractors, owner/developers, and design professionals.
• May place additional lines of coverage as applicable to client/account/project, including Property, Builders Risk, Inland Marine, etc.
• Leads broking communication efforts by email, 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.
• 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.
• Maintains and develops business relationships with producers and senior underwriting contacts.
• Maintains knowledge of insurance carriers and their business practices.
• Participates in continuing education to maintain license and industry credentials.

Requirements

• Insurance broker’s P&C license will be required.
• Risk Management/Insurance degree preferred.
• 7-15 years of experience minimum.
• In-depth knowledge of the design and construction industry, and construction-based casualty liability insurance products.
• Possesses casualty liability coverage expertise (GL/WC/Auto/Umb/Excess).
• Demonstrated knowledge of core insurance principles and ability to explain them to clients.
• Excellence in negotiation and influence skills.
• Ability in conflict resolution and selling skills are a plus.
• Attention to detail and process orientation.
• Exposure to Excel formulas and spreadsheet creation/manipulation is a plus.
• Understanding of required placement workflows.
• Self-starter who requires minimal supervision but seeks guidance when needed.
• Solid presentation skills, both written and oral.

Pay

The base salary compensation range for this role is $110,000.00 - $170,000.00 USD annually. This role is also eligible for an annual short-term incentive bonus.

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, Identity Theft Protection, Wellbeing Program, and Work/Life Resources (including Employee Assistance Program).
• Leave Benefits: Paid Holidays, Annual Paid Time Off (includes state/local paid leave where required), Short-Term Disability, Long-Term Disability, and other leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave). Paid Time Off is also included for Washington roles.
• Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans are available to senior-level colleagues who satisfy the plans’ eligibility requirements.

Schedule

The majority of 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. Flexibility is encouraged, including requests for all types of flexible working and location-based arrangements.