Willis Towers Watson Director – Construction Insurance in London, United Kingdom

Director – Construction Insurance

Date Posted: July 10, 2018

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JOB DESCRIPTION

The UK Construction Practice, as part of one of the leading international insurance brokers and professional risk consultants to the global construction industry, provide advisory and insurance/risk management services to contractors, sponsors, developers, financiers and professional consultants for business generated in the UK.

Responsible for a portfolio of clients and prospects, with accountability for retention of clients and new business development, the successful candidate will

Manage and develop the client relationships and grow the portfolio

Provide the technical, industry and subject matter expertise required to deliver the service, including the provision of consultancy advice and procurement of insurance programmes for major development projects incorporating a range of specialist products including but not limited to those encompassing legal indemnity, environmental and latent defects risks.

Be responsible for targeting and converting prospects.

The Role

Develop New Business

  • Act positively to develop new business from existing and prospective clients

  • Generate new business opportunities through the promotion of cooperation and communication within Willis Towers Watson

  • Establish and/or organise and/or participate in bid teams for major new prospective clients.

Gather and Analyse Insurance Information

  • Liaise with clients, prospective clients and markets to collect and collate underwriting information

  • Contribute to client / prospective client programme strategy and design

  • Contribute to the budgeting process.

Negotiate and Implement Insurance Programmes

  • Prepare market / underwriting submissions

  • Contribute to the preparation and delivery of market presentations

  • Assist in market negotiation and placement

  • Confirm cover to client.

Service Clients and Maintain Client Insurance Programmes

  • Understand client’s business, risks and approach to risk management and insurance

  • Identify and provide consultancy and insurance services and develop new products and coverages, to meet clients’ needs

  • Manage the production of market documentation including final evidence of cover, invoices, policies, endorsements, client reports, registers, manuals and claims procedures

  • Manage the collection of premiums/fees and identify potential bad debt exposures

  • Liaise with the claims team as necessary to ensure clients’ claims are efficiently dealt with.

Manage Business Relationships

  • Maintain relationships with principal insurers and reinsurers to ensure satisfactory service levels are achieved.

  • Maintain relationships with principal clients and prospective clients

  • Review the performance of relevant external and internal suppliers and services to ensure clients’ needs are satisfied.

Training

  • Contribute to in-house training programmes both as tutor and/or delegate.

  • Continuously update and improve competency through ongoing education and development

  • Identify and pursue your own training requirements by use of Willis Towers Watson training schemes

  • Complete all mandatory compliance training.

The Requirements

  • Significant experience working within the Construction/ Engineering Insurance Broking Industry

  • Practical working experience with the following key insurance products:

Contract Works /Construction “All Risks”

Public Liability / Third Party Liability

Delay In Start-Up / Completion

Latent / Inherent Defects

Residential Warranties

  • Some knowledge of or familiarity with one or more of the following insurance products:

Marine Transit and Marine Consequential Loss

Property and Business Interruption

Professional Indemnity

Directors & Officers

Contractors Pollution Liability & Environmental Impairment Liability.

  • Knowledge of standard UK and/or Overseas Building and Engineering Contracts and practical experience in providing consultancy advice on the insurance, indemnity, force majeure, delay/relief events and liquidated damages clauses within such contracts

  • Knowledge of and experience in the placement of one-off or annual wrap-up insurance programmes on behalf of developers, corporations, special purpose vehicles, governments, local authorities, financiers etc.

The Company

Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com .

Willis Towers Watson is an equal opportunity employer

Willis Towers Watson believes that effectively managing a diverse workforce is vital to our business strategy. We have an obligation to our organization, ourselves and our clients to hire and develop the best people we can find. We will continually review our policies and practices to ensure that all areas of the employment process (including recruiting, hiring, work assignments, compensation, benefits, promotions, transfers, company-sponsored development programs and overall workplace experience) are free from discriminatory practices. We are committed to equal employment opportunities at Willis Towers Watson.

Unsolicited Contact: Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson. Willis Towers Watson is an equal opportunity employer.

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Not ready to Apply? at https://willistowerswatson.avature.net/WTWTalentNetwork

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JOB SNAPSHOT

  • Location:London, England, GB

  • Date Posted:July 10, 2018