About Us:

CoverWallet, an Aon company, was founded in 2015 to reinvent the $100 billion small business insurance industry by using data, design, and technology. As a part of Aon, a leading global professional services firm providing a broad range of risk, retirement, and health solutions with 50,000 colleagues in 120 countries, CoverWallet has the mentality and culture of a high-growth startup with the backing and support of a global multinational company. CoverWallet is the easiest way for businesses to understand, buy, and manage insurance online and has been recognized as a CNBC Upstart 100, won the Best Insurtech Solution from the Benzinga Awards, and was named “One of the Most Entrepreneurial Companies in America” by Entrepreneur Magazine.

Essential Job Functions:

• Understand nuances of the Cyber and Financial lines marketplace and our products and services
• Own all aspects of broking and service for your assigned book of business and new business opportunities with oversight from senior staff members if needed:
• Save all quotes, binders, policies, and other client-related material to the share drive with the accurate naming conventions provided
• Send renewal application and information request to Account Executive in advance of renewal, as determined by the placement strategy for that client
• Compile Renewal Strategy document inclusive of prior year’s renewal highlights, program overview, benchmarking and analytics, current market update, program diagnostic, and renewal timeline and ensure it is tailored to the specifics of that client’s industry and exposure
• Gather submission materials from Account Executive, consolidate, re-format that information if vital, and provide submissions to markets.
• Solicit underwriters for underwriting questions and compile questions into a client friendly, presentable format
• Effectively manage the underwriting meeting invitation, agenda and logistics
• Ensure Non-Disclosure Agreements are up to date and executed according to the client’s preference
• Secure primary and excess quotes from underwriters; use effective underwriting relationships to improve broking results
• Review excess forms and seek coverage enhancements
• Diligently check quotes, binders, and policies and seek corrections from underwriters
• Ensure the Quote Disclosure Report (QDR) is accurate – all quotes, indications, and declinations should be included
• Compile Renewal Proposal document inclusive of the QDR and include renewal highlights, expiring program, proposed program, program changes, and any coverage enhancements
• Submit bind order to market and secure all binders; ensure all binders are finalized and accurate, with no subjectivities and no binder expiration period, where possible
• Submit ACT Worksheet for invoicing upon receipt of all binders
• Secure and review all policies within 30 days of binding
• Provide broking status and continuous support and service to Account Executives during the entire broking process and the entire period of engagement (this is a continuous process)
• Demonstrate understanding of our M&A diligence process and provide diligence reports and benchmarking within the requested time frame to Aon’s M&A deal teams when assigned a project
• Work in an Aon United fashion to cross-sell Cyber and Financial Lines’ products and services
• Use the claims and legal advocacy group for claim administration and counsel as per established protocols
• Deepen effective relationships with underwriters
• Proactively develop and execute a pipeline strategy for new business
• Drive utilization of all available technology throughout broking process and client service process
• Replicate effective products/solutions and develop broking opportunities
• Understand the causes of E&O and avoid and adopt practices to reduce exposure

Qualifications:

Education/Experience:

• Bachelor's degree in a related field
• 2+ years of experience in commercial broking and/or underwriting
• Active P&C License, if not licensed, but obtain within 90 days of hire

Technical:

• Proficiency in Google Suite, Salesforce a plus
• Strong ability to communicate via email and phone

Aon is in the business of better decisions: 

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

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 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. 

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email ReasonableAccommodations@Aon.com 

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

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $85,000 to $110,000 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.

The salary range reflected is based on a primary work location of New York, NY.  The actual salary may vary for applicants in a different 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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