October 20, 2024

WTW

OTHER

Corporate Risk & Broking, Lead Associate - Korea

Description

The Business
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.
A role for a broker within the Reinsurance team in Korea has arisen for an enthusiastic and highly motivated individual.
The role will involve working in a team focussing on a broad base of clients in the Asia Pacific region and daily monitoring of reinsurance operation and within-company governance.
Overview of the role:
Duties and responsibilities will include but not be limited to :

Assisting with the day-to day management and administration of the reinsurance portfolio, including contractual amendments, settlements and claims processing as well as renewals and generally providing post-renewal support and documentation
Liaising with clients and reinsurance market participants on new deals for portfolio expansion and sales enhancement
Assist in the structuring of complex reinsurance programmes (including proportional and facultative obligatory facilities) to help local insurance companies better manage their risk portfolio
Negotiating policy wordings, coverage extensions, policy limits, deductibles and subjectivities
Binding risks and preparing contractual documents for internal record and client record
General advisory services and support to the client by email, telephone and face to face meetings as required.
Providing weekly and monthly reports to assist strategic decision making at management level
Managing accounting and settlement of premium and claims in a timely manner

Qualifications

Requirements:
The ideal candidate will have the following skill sets & attributes:

Preferably educated to degree level (or equivalent) or relevant industry experience
Strong practical knowledge of strategic account development and appropriate tools to achieve this aim
The ability to build and develop an extensive network of major account contacts at prospects
Preferabley hold the relevant broker certificate
At least 5-year experience related to Insurance, reinsurance or broker.
Rigorous inter-personal and communication (written and verbal) skills to maintain face-to-face and telephone contact with clients and Underwriters
Technical proficiency in computer literacy including MS Office suite
Attention to detail
Strong problem solving and analytical skills in complex business situations
Ability to work under pressure to tight deadlines
Excellent ability to communicate effectively with a strong focus on client service in a timely manner
Proven experience successfully managing insurance related consulting and/or projects and producing quality deliverables on time
Be able to assist in preparation of proposals and presentations using marketing resources, practice groups and other stakeholders
Demonstrate proficient presentation skills in client reports, recommendations and presentations
Native Korean and business level English

Willis Towers Watson is an equal opportunities employer and does not discriminate on any basis. We support flexible working and this role will be considered on a flexible basis.