Political Risk Insurance Client Advisor

Description

Political risk insurance (PRI) protects companies investing in, or trading with, foreign countries against losses caused by certain political perils Key perils include actions of a government such as expropriation, deprivation, embargo, export restrictions, currency inconvertibility/ non-transfer, and sovereign nonpayment, as well as damage to property or the need to abandon operations due to war, political violence, and terrorism.

The successful candidate will work with the other members of the global team to advise, develop, deliver, and continuously review risks and solutions for both new and existing corporate clients within the Americas. The aim is to assume management of a book of businesses and handle all stages of client engagement, as well as place business for new clients, contributing to our growth targets. From time to time, they will also contribute to the practice through supporting various projects. Such projects may include loss data research, industry specific product-development and innovation, thought leadership, and internal and external communications on relevant advances in the field.

The Role

Geopolitical Research & PRI Practice projects

Identify and monitor key news issues, events, key arbitrations, or documents of leading think tanks, trade associations, and other organizations to stay abreast of geopolitical landscape, foreign direct investment climates, and key parties involved
Projects for the PRI practice including product innovations, incident and loss research, benchmarking, industry risks and product development, PRI marketplace dynamics

Client Advisory, Placement, and Service

Account responsibilities for existing and new business include:

Risk Identification: engage with clients to assess their risk management needs
Program Design: propose placement structure(s) based on risk characteristics, client parameters, and marketplace dynamics
Program Development: negotiate with PRI marketplace in the quotation process including bespoke wording solutions
Program Delivery: manage policy delivery
Account Management: manage all stages of subsequent anniversaries & renewals including presentations, exposure comparisons, risk analysis, and recommendations
Account Maintenance: manage and monitor payment of premiums and practice revenues; manage files for each account and support audits
May participate in practice budget and income related meetings

New Business Development

Prospect Identification: identify appropriate prospects
Pipeline Management: manage open CRM opportunities
Internal (Willis) Outreach: build relationships and educate internal audiences
Marketing Campaigns: support marketing campaigns in various media forms
External Outreach: may attend events in international business or relations field and cultivate contacts accordingly
Product Innovation: assists in identifying needs for new products, approaches, or wordings and suggests solutions to colleagues

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

Qualifications

Strong interest in international business
1-5+ years of experience demonstrated through internships and/or job experience
Advanced proficiency in Microsoft Office (Word, Excel, and PowerPoint).
Candidate must be self-motivated, goal-oriented, and a collaborative team player
Strong interpersonal skills that enable effective interaction with clients, colleagues, and underwriters with various cultural backgrounds and under time pressure
Bachelor’s degree in: Economics, Finance, Accounting, International Relations, Political Science, Risk Management, or a related field.
Foreign language proficiency, specifically Spanish, is welcomed
Familiarity with political risk analytical modeling, experience in property & casualty insurance, experience with client management, experience in sales, and prior international work or life experience are each a plus
Within three months of hire, the candidate must obtain an insurance producer license.

This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.

Company Benefits

WTW provides a competitive benefit package which includes the following (eligibility requirements apply):

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, Identify Theft Protection, Wellbeing Program and Work/Life Resources (including Employee Assistance Program)
Leave Benefits: Paid Holidays, Annual Paid Time Off (includes paid state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (Washington State only)
Retirement Benefits: Contributory Pension Plan and Savings Plan (401k).

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.

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. 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 diverse workforce and so we encourage requests for all types of flexible working as well as location-based arrangements. Please speak to your recruiter to discuss more.