Early Careers: CRB Graduate Development Program - Broking Analyst - Summer 2025- Los Angeles

Company: Willis Towers Watson
Location: Los Angeles
Posted on: November 1, 2024

Job Description:

Description

Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity now or in the future.
This role is Hybrid.
The Business
The CRB Graduate Development Program (GDP) is a non-rotational two-year program that provides the opportunity to develop a broad knowledge base, varied skills, and diverse network. This program is designed to set you up with a holistic view of CRB with hands-on experience, insight, and opportunities to make an impact and shape your own career.
GDP participants will be immersed in a 1-week in-person orientation followed by robust onboarding training learning about various functions within CRB. Our program is designed to provide graduates with a well-rounded understanding of the industry while having the opportunity to deep dive within their respective business area.
Broking Placement Overview
WTW's Broking teams deliver superior results for our clients' business and risk management needs through deep industry-specific expertise. The role of a broker is to help our clients mitigate their total cost of risk. The brokerage team operates as the firm's intellectual capital where we work with our clients to assess, model, and structure risk. Once modeled, the broker personally escorts the clients' risk into the market and draws upon their market relationships and negotiation skills to secure quotations from the insurance carriers. Common tasks may include: preparing and sending out submissions, liaising with markets, analyzing exposures, working through risk models, and negotiating quotations.
Responsibilities:

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• Gather information and analytics to assess and evaluate client risks to support the placement of client risks into the market.
  
• Create Loss Summaries, review program binders for accuracy, check policies, and aid brokers & senior brokers.
  
• With the support of more experienced brokers prepare draft submission documents and finalize submissions for delivery.
  
• With support of more experienced brokers review quotes against specifications and develop side-by-side comparisons.
  
• With support of more experienced brokers prepare program proposals.
  
• With support of more experienced brokers, develop client and prospect presentations to secure new, and build on existing, relationships.
  
• Assist on any deliverables for Client Renewal Strategy Meeting & RFPs.
  
• Research market solutions to learn how to identify and develop optimum risk solutions for clients.
  
• Facilitate initial introductions to carrier and trading partners.
  
• Begin your understanding of core insurance principles and brokerage concepts.
  
• Ensure that quality and compliance procedures and processes are adhered to.
  
• Record and maintain all information accurately on the appropriate systems, including initial introduction to and utilization of Broking Platform.
  
• Obtain the required insurance license within ninety (90) days of your date of hire.
  
• You must also obtain and maintain an active surplus lines license for your resident state within 120 days of either: (a) your date of hire, if you already hold a resident state insurance license upon your date of hire; or (b) within 120 days of obtaining your resident state insurance license, if you do not already hold a resident state insurance license upon your date of hire.
  
  
  Qualifications
  
  Role Requirements.
  Education and Qualifications:
  
  • 
    
  • 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.
    
  • Date of Graduation between May 2024 - May 2025.
    
  • Proficient in Microsoft Office Suite.
    
  • Intermediate to advance 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.
    
    Competencies:
    
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    • Excellent written & verbal communication skills.
      
    • Excellent presentation skills, analytically driven and detail-oriented.
      
    • Exceptional interpersonal skills.
      
    • Proficient in time management.
      
      Compensation and Benefits:
      The base salary compensation range being offered for this role is $75,000 - 85,000 USD. This role is also eligible for overtime.
      Company Benefits: WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
      
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      • 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.
        
      • Leave Benefits: Paid Holidays, Annual Paid Time Off, Short-Term Disability, Long-Term Disability, Other Leaves.
        
      • Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).
        
        WTW Work Flex: 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.
        EOE, including disability/vets.
        
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Keywords: Willis Towers Watson, Newport Beach , Early Careers: CRB Graduate Development Program - Broking Analyst - Summer 2025- Los Angeles, Professions , Los Angeles, California