Executive Director, UK Construction Practice in London at Willis Towers Watson

Date Posted: 11/8/2017

Job Snapshot

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Job Description

The Company
Willis Towers Watson (NASDAQ: WLTW) 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
The Business
Corporate risk and broking
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.
The Role
The job is to work alongside and support a London based Business Development Director within the Global Construction Practice in the provision of consultancy advice and procurement of insurance programmes for major development projects for largely UK based clients operating within the UK and overseas.  The insurance programmes to incorporate a range of specialist products including but not limited to those encompassing legal indemnity, environmental and latent defects risks.
Specific responsibilities will include:

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.
  • 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.
Required Skills/ Experience
  • 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.
Principal Accountabilities
  • Conduct Risk: To put the interests of clients and the integrity of the market at the heart of the way you do business.
What can we offer you?
In return you will be rewarded with a competitive salary and a comprehensive benefits package including; a fantastic pension scheme, life insurance, medical insurance, eye care vouchers and flexible benefits including critical illness cover, dental cover, additional life assurance, childcare vouchers, retail vouchers and many other options and Corporate deals.
Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, colour, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.
We are committed to equal employment opportunities at Willis Towers Watson.