At a Glance
- Tasks: Lead and manage complex cyber insurance placements while building strong client relationships.
- Company: Join WTW, a leading global advisory, broking, and solutions company.
- Benefits: Enjoy 25 days annual leave, private healthcare, and hybrid working options.
- Why this job: Make a real impact in the fast-paced world of cyber insurance.
- Qualifications: Extensive knowledge of cyber insurance and strong interpersonal skills required.
- Other info: Opportunities for professional growth and community involvement through volunteering.
The predicted salary is between 48000 - 84000 £ per year.
WTW GB Cyber Insurance team in London, part of FINEX GB, is looking for a Cyber insurance professional to support and lead UK domiciled large and complex risks. The role sits at the intersection of client service, market-facing broking, and wider WTW GB collaboration, offering exposure to a wide range of industries, clients, and stakeholder groups.
The Role
- Directly handle large/complex placements in a lead broking role
- Prepare client and prospect presentations
- Work with other colleagues and stakeholders in determining appropriate strategy and solutions for structuring and pricing on each placement, this can include Risk and Analytics and Risk Consultancy
- Identify appropriate markets and determine placement strategy using cyber insurance placement acumen whilst adhering to BU’s protocols
- Create and grow relationships with underwriters in London
- Lead wording discussions with insurers and producing offices with the support of GB Cyber Coverage Specialists
- Contribute to the development of non-account-specific Cyber & TMT initiatives
- Assist in achieving the goals and objectives of the Cyber Insurance Practice and FINEX GB, and contribute to the goals and objectives of the Global Cyber Insurance Practice
- Support the overall operational governance and decision-making process
- Travel as and when required
- Ensure adherence to WTW policies, procedures, and all regulatory requirements
Client Relationship Management
- Understand the clients’ business, objectives and risk management needs and look for solutions through the provision of ongoing service
- Develop account service strategy for individual clients in line with Business Unit (BU) process
- Draw on expertise from specialist technical teams within the BU and across the Group for clients as required
- Determine placement strategies to deliver suitable solutions, including price and structure, which meet each clients’ needs
- Accountability for client service and relationship development with producing offices, direct clients and other stakeholders
Placement Management
- Manage compliant processing of contracts as per FCA and contract certainty requirements
- Understand, apply and where necessary explain the BU policies and procedures
- Assist with loading of data into the relevant WTW systems
- Ensure operational and service delivery in line with Group policies
- Support and deliver the end-to-end ongoing client service
- Ensure accurate budgeting, forecasting and tracking of revenue
- Work with senior colleagues in the development of service plans that define the engagement and timing of engagement with the client
- Manage KPIs/SLAs to ensure targets are met.
Qualifications
What you’ll bring
- Extensive knowledge of Cyber insurance
- Preferably ACII qualified or working towards the ACII qualification
- Experience in broking large/complex Cyber insurance
- A focus on excellence and a track record of delivering high levels of client service
- Some managerial experience is preferred but not essential
- Ability to analyse and provide concise conclusions
- Ability to work both independently and as part of a wider team
- Business and political awareness
- Excellent interpersonal skills with proven ability to build effective relationships, at all levels, with clients, prospects, associates, insurers, and external specialists
What we offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You will receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle-to-work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and wellbeing with a range of benefits tailored for you.
Equal Opportunity Employer
We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@wtwco.com
Associate Director - FINEX Cyber Insurance Practice employer: WTW
Contact Detail:
WTW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Director - FINEX Cyber Insurance Practice
✨Network Like a Pro
Get out there and connect with people in the cyber insurance field! Attend industry events, join relevant online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors to opportunities that aren’t even advertised.
✨Showcase Your Expertise
When you get the chance to chat with potential employers or during interviews, make sure to highlight your knowledge of cyber insurance and your experience with complex placements. Share specific examples of how you've tackled challenges in the past to demonstrate your value.
✨Prepare for Interviews
Do your homework before any interview! Understand the company’s position in the market, their clients, and recent news related to cyber insurance. This will not only impress your interviewers but also help you tailor your responses to show how you can contribute to their goals.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through our platform can give you an edge, as it shows your genuine interest in joining our team. Plus, you’ll find all the latest roles that match your skills and aspirations.
We think you need these skills to ace Associate Director - FINEX Cyber Insurance Practice
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in cyber insurance and broking. We want to see how your skills align with the role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Client Management Skills: Since this role involves a lot of client interaction, it’s crucial to demonstrate your ability to build relationships and understand client needs. Share examples of how you've successfully managed client accounts in the past.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. We appreciate clarity, so avoid jargon and ensure your key points stand out. This will help us quickly see why you’re a great fit!
Apply Through Our Website: We encourage you to submit your application through our website for the best chance of being noticed. It’s super easy, and you’ll be able to track your application status directly!
How to prepare for a job interview at WTW
✨Know Your Cyber Insurance Inside Out
Make sure you brush up on your knowledge of cyber insurance, especially the latest trends and challenges in the industry. Be prepared to discuss specific cases or examples where you've successfully handled large or complex placements.
✨Showcase Your Client Relationship Skills
Since this role involves a lot of client interaction, think of examples that demonstrate your ability to build and maintain strong relationships. Prepare to discuss how you've tailored solutions to meet clients' unique needs in the past.
✨Prepare for Technical Questions
Expect some technical questions related to broking strategies and risk management. Brush up on your analytical skills and be ready to explain your thought process when determining placement strategies or pricing.
✨Demonstrate Team Collaboration
This position requires working closely with various stakeholders. Think of instances where you've collaborated effectively with teams or departments to achieve a common goal, and be ready to share those experiences during the interview.