Large Casualty Group - Broker II - AVP

Full Time
New York, NY
Posted
Job description

Job Description

Aon is looking for a Broker II

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 Casualty business group within Aon Risk Solutions in New York City.

Work style: Hybrid

Your Impact as A Broker
Job Responsibilities:
  • Thorough analysis of current domestic casualty risk transfer programs to include detailed coverage and cost analysis.
  • Insurance program structure planning, design and implementation including the utilization of alternative risk structures.
  • Experience and knowledge of actuarial analyses, cash flow accounts, collateral and coverages in order to be able to negotiate premiums, coverage and collateral with underwriters and present to clients.
  • Prepare all marketplace insurance submissions, coordinate and conduct market meetings and negotiations as appropriate in coordination with Account Executives and Senior Brokers. This may include travel.
  • Finalize all risk transfer quotes and complete a thorough comparison of program options as part of the client proposal presentation. Comparison to include changes in, coverage terms and conditions, limits, retentions, structure and cost of risk.
  • Experience and knowledge of actuarial analyses, cash flow accounts, collateral and coverages in order to be able to negotiate premiums, coverage and collateral with underwriters and present to clients.
  • Provide continuous service to clients during the year in the management of their programs, supporting their risk management needs and keeping them appraised of market conditions.
  • Serve as a team member for new business production. Prepare conceptual program response to RFPs.
  • Lead renewal strategy discussions for domestic casualty as part of the account team.
  • Serve as a primary or secondary market contact as assigned and in accordance with established policy.
  • Participate in Account Peer Reviews and carrier form reviews, focusing on coverage enhancement opportunities
  • Serve as access point for benchmarking related reports and for the input of data for programs handled. Interpret and present benchmarking data to clients.
  • Educate and advise fellow team members on coverage issues, markets, and related developments.
You Bring Knowledge and Expertise
Required Experience:
  • Domestic casualty broker with 10+ years of experience working on complex placements. Will be asked to work directly with clients to place domestic casualty programs, as well as participate on new business opportunities.
  • An experienced domestic casualty broker with a solid understanding of loss sensitive programs including collateralized programs a plus.
  • An experienced domestic casualty broker or underwriter with a solid understanding of and relationships with insurance company management and underwriting teams/personnel.
  • Proficient in the preparation and delivery of presentations for new business and client service meetings. Clients, prospects, and industry professionals should immediately recognize that the broker is an expert in the field who processes a thorough knowledge of their individual program, the national and local marketplace, local regulatory environment, program structure alternatives, and coverage terms, conditions and forms.
  • Strong written and communication skills necessary to communicate in a professional manner with clients and the marketplace.
  • A strong team player who understands the roles and responsibilities of other Aon professionals on the team, assumes responsibility for the timely delivery of a professional work product in accordance with assigned roles, and facilitates communication among team members.
  • Promote creativity in presenting new ideas and approaches for clients or prospects; promote a positive attitude in always trying to improve a program.
Education:
  • Bachelor’s degree from an accredited university or equivalent years of industry experience.
  • Property and Casualty Brokers License is required or ability to acquire one after hire.

How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. Aon is committed to a diverse workforce and is an affirmative action employer. People with criminal histories are encouraged to apply.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on ReasonableAdjustments@Aon.com

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.


The salary range for this position is $130,000 to $200,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location.


This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.


Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.


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