Associate Director - Singapore - WTW

WTW

Verified Company

Singapore

2 days ago

Posted by:

Wei Jie

beBee Recruiter

Description

Associate Director - Broking

Singapore, SG

October 30, 2023

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 result is a new way of embracing risk that drives superior results.

This role incorporates a wide level of expertise but always assumes the broker is capable of handling accounts independently, the size and complexity of the account can vary.

This role is also responsible for training and supervising Associate Brokers to ensure that relevant regulatory and technical standards are met and to drive the broking team to achieve agreed operational and financial goals and objectives.

The Role

Lead the broking strategy and placement of individual accounts including new business and renewals.
Support new business RFPs both written content and oral presentations by delivering market knowledge including proposed placement structures, pricing, and demonstrating market experience and relationships
Work with client relationship directors, industry leaders and retail offices across the Asia region
Provide knowledge, leadership, insight, and direction for broking activities to ensure that clients' expectations are regularly met.
Orchestrate new business placement, renewals, and alterations of existing coverage.
Develop, review, and deliver presentations to secure new, and build on existing, relationships.
Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market.
Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients.
Provide coverage and program design advice and expertise to clients; perform needs and gap analysis to make recommendations regarding program improvements.
Build strong partnerships with a broad range of organizations and stakeholders in the market to secure optimum terms and conditions for clients.
Set priorities and standards for the broking function and regularly review and evaluate the performance of the function to ensure it is relevant and cuttingedge.
Work closely with associates to stay on top of changes in the marketplace.
Oversee design and preparation of draft proposals; negotiate and finalize carrier quotes, terms and conditions and coverage confirmations to ensure contract certainty.
Bind carrier quotes and review binders and coverage confirmations.
Request / Attend and participate in regular client and underwriter meetings.
Conduct program peer reviews.
Provide coaching to brokers in training.

The Requirements

Preferably degreequalified in any discipline
Ideally professional qualifications such as ACII or similar country equivalent, or relevant industry experience
Ability to work as a team player in a dynamic broking environment.
Exceptional communication, negotiation and influencing skills.
High levels of business and financial acumen with an understanding and support of company strategy
Strong skills in problemsolving and planning.
Strong group presentation skills (written and verbal); ability to drive complex/technical conversations and engage at an executive level.
Relationship management and customer focus; ability to leverage internal and external relationships to bring WTW resources and assets tailored to client needs; ability to drive conflict resolution.
Negotiation skills: ability to develop innovative and creative solutions to do complex deals, and drive consensus across internal and external stakeholders to close deals.
Business acumen: knowledge of strategy, tactics, and solutions for the client, and/or in the marketplace.
Project Management: ability to drive endtoend oversight of large, complex, ambiguous, or multidimensional projects.
Receptive to feedback; critical thinking and problemsolving skills; high adaptability
Knowledge of endtoend insurance process, including process owners and rationale/purpose of key steps.
Strong leadership skills; effectively advocates for change. Provides encouragement, takes control of team projects, leads key work areas, and collaborates with others. Provides clear guidance to ensure others fulfil roles effectively.
Technology acumen ability to utilize technologybased record management systems, basic MS Office skills and familiarity with other relevant online tools.

Why Join WTW

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 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 div