Finex Broker, Financial Institutions

2 weeks ago

Toronto, Canada WTW Full time

The FINEX Senior Associate Broker role within the Financial Institutions & Professional Services (FIPS) Industry Vertical Division will be responsible for managing the day-to-day broking responsibilities for Financial & Executive Risk lines and Property & Casualty programs both independently and in conjunction with other team members. The Senior Associate Broker will be responsible for handling both new and renewal business. Other duties and responsibilities will include but are not limited to negotiating policy terms and conditions with underwriters, conducting renewal strategy and proposal presentations, and adhering to internal compliance protocols.

Our FIPS FINEX Brokers serve as an integral interface between WTW clients, prospects and various insurers in the marketplace. They advise colleagues on the design of complex risk management programs for FI clients; present submissions to insurers, negotiate to secure coverage that meets client needs, oversee preparation of and deliver client proposals and maintain strong relationships with key insurers.

This role offers a hybrid working opportunity, with some required office time and travel to client locations.

**The Role**
- Work with Client Advocate to execute broking strategy for renewal and new placement s
- Lead negotiations of renewal and new placements with insurance markets on behalf of clients
- Contribute to new business opportunities for new clients and develops business opportunities with existing clients
- Retain existing book of business and develop and strengthen client relationships
- Perform research to assist Client Advocate in establishing an understanding of client’s and prospect’s business and industry
- Understand and explain coverage terms to clients and prospective clients
- Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market
- Support Client Advocate in providing coverage and program design advice and expertise to clients; perform coverage needs and gap analysis to make recommendations regarding program improvements
- Work with Client Advocate to research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients
- Develop, review and deliver presentations to clients and prospective clients
- Contribute to thought leadership and continuous process improvement of the Broking function
- Participate in program peer reviews, where applicable
- Contribute to product and service innovations
- Mentor and coach junior team members
- Maintains business relationships with clients and underwriters
- Maintain insurance market intelligence and share with the FIPS and FINEX teams
- Participate in I&D activities and/or initiatives
- Adhere to compliance procedures and processes
- Record and maintain all information accurately on the appropriate systems
- Work closely with associates from other departments that support the broking process (e.g., analytics, claims)
- Provide strategic planning and consulting advice to clients; monitors insurance and risk management needs in collaboration with other WTW resources and practices. Recommends appropriate solutions throughout the policy term (including acquisition due diligence)

**The Requirements**
- Bachelor’s degree or equivalent
- 5+ years insurance industry or equivalent work experience
- Ontario RIBO license will be required. If not currently licensed, ability to obtain one within 90 days of employment
- Negotiation skills (insurer and client); ability to maintain renewal book of business
- Business Acumen: demonstrates basic knowledge/understanding of insurance business.
- Project Management: ability to execute assigned tasks in timely fashion
- Leadership skills: ability to make decisions and support them; ability to take control of own work; ability to seek guidance and coordinate with others when needed
- Insurance Technical skills; demonstrates knowledge of core insurance principles; Understands coverage forms and principles
- Strong technology acumen - ability to utilize technology-based record management systems: advanced MS Office skills and familiarity with other relevant online tools
- Self-starter/requires mínimal supervision, ability to execute assigned tasks in timely fashion
- Collaborates in office, and works remotely if/when desired
- Ability to interface with clients and collaborate internally with teammates to serve clients
- Seeks guidance when needed, and receptive to direction and feedback
- Good presentation skills - written and oral
- Good listening skills Travel may be required
- Equal Opportunity Employer/Vet/Disability_

  • Broker - Management Liability - FINEX (Job ID: 20240509)

    1 week ago

    Toronto, ON, Canada Purves Redmond Limited Full time

    Purves Redmond Limited (PRL) is recognized as one of the leading independent insurance advisory and brokerage firms in Canada. Established in 1959, PRL has grown exponentially to represent and service clients globally. With five offices in Canada (Toronto, Vancouver, Calgary, Montreal, and Sudbury), PRL is a mid-sized brokerage firm with highly experienced...

  • Broker – Management Liability – FINEX

    2 weeks ago

    Old Toronto, Canada Purves Redmond Limited Full time

    Purves Redmond Limited (PRL) is recognized as one of the leading independent insurance advisory and brokerage firms in Canada. Established in 1959, PRL has grown exponentially to represent and service clients globally. With five offices in Canada (Toronto, Vancouver, Calgary, Montreal, and Sudbury), PRL is a mid-sized brokerage firm with highly experienced...

  • Broker – Management Liability – FINEX

    2 weeks ago

    Old Toronto, Canada Purves Redmond Limited Full time

    Purves Redmond Limited (PRL) is recognized as one of the leading independent insurance advisory and brokerage firms in Canada. Established in 1959, PRL has grown exponentially to represent and service clients globally. With five offices in Canada (Toronto, Vancouver, Calgary, Montreal, and Sudbury), PRL is a mid-sized brokerage firm with highly experienced...

  • Broker – Management Liability – FINEX

    2 weeks ago

    Old Toronto, Canada Purves Redmond Limited Full time

    Purves Redmond Limited (PRL) is recognized as one of the leading independent insurance advisory and brokerage firms in Canada. Established in 1959, PRL has grown exponentially to represent and service clients globally. With five offices in Canada (Toronto, Vancouver, Calgary, Montreal, and Sudbury), PRL is a mid-sized brokerage firm with highly experienced...

  • Client Advocate

    2 weeks ago

    Toronto, Canada WTW (Willis Towers Watson) Full time

    The FINEX Senior Associate Broker role within the Financial Institutions & Professional Services (FIPS) Industry Vertical Division will be responsible for managing the day-to-day broking responsibilities for Financial & Executive Risk lines and Property & Casualty programs both independently and in conjunction with other team members. The Senior Associate...

  • Client Advocate

    2 weeks ago

    Toronto, Ontario, Canada WTW (Willis Towers Watson) Full time

    The FINEX Senior Associate Broker role within the Financial Institutions & Professional Services (FIPS) Industry Vertical Division will be responsible for managing the day-to-day broking responsibilities for Financial & Executive Risk lines and Property & Casualty programs both independently and in conjunction with other team members. The Senior Associate...

  • Underwriter, Financial Institutions

    4 weeks ago

    Toronto, Canada Combined Insurance Full time

    Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and...

  • Full-time Commercial Broker

    7 days ago

    Toronto, ON, Canada First National Financial Full time

    Mortgage Funder, Third Party Residential Underwriting – BMO Broker Edge (BMBE) We are hiring a Mortgage Funder, Third Party Residential Underwriting – BMO Broker Edge (BMBE) Manager, Third Party Residential Underwriting – BMBE Full-Time/Part- Time: Full-time Office Location: Downtown Toronto The Third-party Residential Underwriting...

  • Web Customer Service Broker

    4 days ago

    Toronto, Canada Questrade Financial Group Full time

    Web Customer Service Broker 5700 Yonge St, North York, ON M2M 4K2, Canada Req #2485 Friday, May 17, 2024 Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward,...

  • Account Executive

    4 weeks ago

    Toronto, Canada Aon Corporation Full time

    Posting Description: **Account Executive - Financial Institutions Practice** As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Financial Institutions Practice within Aon Risk Solutions, in Toronto, Ontario. As an Account Executive, you will report directly to...

  • Sales & Distribution Broker Analyst

    1 day ago

    Toronto, Canada Northbridge Financial Corporation Full time

    **What it’s like to be a Sales & Distribution Broker Analyst at Northbridge Financial** Our Sales & Distribution Broker Analyst is responsible for assisting in the Broker management process, along with the development and analysis of Broker reports and systems to ensure maximum effectiveness, while also participating in various projects as assigned. They...

  • Sales & Distribution Broker Analyst

    19 hours ago

    Toronto, Canada Northbridge Financial Corporation Full time

    What it’s like to be a Sales & Distribution Broker Analyst at Northbridge Financial Our Sales & Distribution Broker Analyst is responsible for assisting in the Broker management process, along with the development and analysis of Broker reports and systems to ensure maximum effectiveness, while also participating in various projects as assigned. They...

  • Account Executive

    4 weeks ago

    Toronto, Canada Aon Full time

    As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our Financial Institutions Practice within Aon Risk Solutions, in Toronto, Ontario. As an Account Executive, you will report directly to the SVP, Financial Institutions Practice Ontario Manager. Your...

  • Sales & Distribution Broker Analyst

    1 day ago

    Toronto, Canada Northbridge Financial Corporation Full time

    **What it’s like to be a Sales & Distribution Broker Analyst at Northbridge Financial** Our Sales & Distribution Broker Analyst is responsible for assisting in the Broker management process, along with the development and analysis of Broker reports and systems to ensure maximum effectiveness, while also participating in various projects as assigned. They...

  • insurance broker

    3 weeks ago

    Toronto, Canada MCC Lending & Financial Solutions Full time

    Education: Secondary (high) school graduation certificateExperience: 2 years to less than 3 yearsTasksAssess potential institutional, business or individual client marketsCalculate premiumsEstablish client insurance coverageEstablish method of paymentIdentify potential marketsEnsure appropriate forms, medical examinations and other policy requirements are...

  • Sales & Distribution Broker Analyst

    17 hours ago

    Toronto, Canada Northbridge Financial Corporation Full time

    What it’s like to be a Sales & Distribution Broker Analyst at Northbridge Financial Our Sales & Distribution Broker Analyst is responsible for assisting in the Broker management process, along with the development and analysis of Broker reports and systems to ensure maximum effectiveness, while also participating in various projects as assigned. They...

  • Mortgage Underwriter, Third Party Residential Underwriting

    1 month ago

    Toronto, ON, Canada First National Financial LP Full time

    Mortgage Underwriter, Third Party Residential Underwriting – BMO Broker Edge (BMBE) First National is Canada’s largest non-bank lender, originating and servicing both commercial and residential mortgages since 1988. Through cooperation, ongoing coaching, development opportunities and a culture that celebrates both hard work and teamwork, First National...

  • Manager and Team Lead, Third Party Residential Underwriting

    7 days ago

    Toronto, ON, Canada First National Financial Full time

    Manager and Team Lead, Third Party Residential Underwriting - BMO Broker Edge (BMBE) We are hiring a Manager within our Third Party Residential Underwriting – BMO Broker Edge (BMBE) team! The Third Party Residential Underwriting Division, as a Division of First National Financial provides underwriting expertise and services on behalf of other...

  • Broker Events Specialist

    1 month ago

    Toronto, Canada Northbridge Financial Corporation Full time

    We’re Northbridge Insurance. We’re proud to work with Canada’s most trusted commercial broker networks. We have a reputation for being one of Canada’s leading commercial insurance providers. Our employees are dedicated to understanding the needs of our customers and creating solutions that help Canadian businesses have a safer and brighter future....

  • Mortgage Broker

    1 month ago

    Toronto, Canada The Lending Line Full time

    We are looking for a talented Mortgage Broker to join our team in the Toronto Area. As a Mortgage Broker, you will be responsible for helping our clients secure the best mortgage solutions based on their financial situation and needs. **Responsibilities**: - Build and maintain relationships with clients and industry professionals - Assess and analyze...