Account Executive

We are currently seeking a full-time Account Executive to help continue build out of our offering within Direct and Facultative. The successful candidate will work across both Property and Casualty (Re)Insurance lines and will support an existing team that handles an existing portfolio of material sized placements.

We expect the candidate to be involved in business planning and will look for them to work with the existing team to help continue shaping an overall Global Strategy for group. This is an exciting opportunity to join a team that has made impressive strides in a short period of time and has an exciting runway + significant headroom with considerable opportunities to grow and develop. The remit is broad and will span across both Insurance and Reinsurance Lines of Business covering Large and Complex single risk, Facilities and Reinsurance (Proportional, and Non-Proportional). The role is based in London with a hybrid working style.

The Role

In this role you will support a portfolio of large, complex clients working as part of our North American Casualty team. You will have the opportunity to work in a fast-paced environment and engage with a diverse group of clients from a variety of industry sectors.

Placement Management:

• Support brokers in the negotiation and placement of complex liability insurance programs on behalf of clients
• In coordination with US colleagues, prepare underwriting submissions for distribution to London insurers
• Demonstrate good knowledge and understanding of London Market Reform Contracts including quote, binder, and policy review
• Undertake renewal market presentations/negotiations and make appropriate recommendations
• Optimise revenue from new and existing clients through effective management of placement support functions, facilities and markets for the specific client segment of the business
• Ensure transparency of agency and other commitments made to carriers and clients
• Ensure compliant processing of contracts as per FCA and contract certainty requirements

Retention and Growth:

• Develop and maintain a pipeline of prospects
• Actively preserve and grow relationships with US retail network and client servicing teams to provide coordinated client service
• Respond quickly and accurately to ad hoc client service requirements and new business introductions
• Actively identify opportunities to work with colleagues across the business to capitalise on account penetration and cross selling opportunities

Client Service and Operations:

• Understand our clients’ business and risk management needs and deliver tailored solutions through exceptional service
• Develop strong relationships with clients and internal partners
• Manage changes in client circumstances to ensure that the cover provided matches their needs
• Where a client’s needs cross over into other WTW specialties, liaise internally to ensure that WTW maintains a consistent approach
• Understand, apply and explain the business unit policies and procedures
• Provide technical, industry, and subject matter expertise where required
• Always operate within the business’s policies and procedures
• Communicate effectively with clients, markets, and others to maximise service delivery level
• Develop good knowledge of all internal WTW and industry systems maintaining and ensuring all internal metrics are met
• Liaise with offshore processing centres to ensure timely premium payment flow
• Support peer Account Executives and Brokers through timely administration of client accounts