CyFi Broker

Posting Description:

Aon is seeking a Cyber and Financial Lines broker.

Are your seeking an opportunity to be part of our growing, full service CyFi team by brokering strategic approaches to cyber and financial lines policy placements?

As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions support Cyber Solutions and the Financial Services Group, within our virtual environment in New York City, Chicago, IL or Victor, NY. As a Cyber Broker, you will report director to the Vice President or Team Leader.

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 team and we are passionate about helping our colleagues and clients succeed.

What the day will look like:

• Demonstrate knowledge of Cyber/E&O and Financial Lines insurance marketplace and our team’s products and service
• Demonstrate ability to renew a placement independently
• Own all aspects of client service for your assigned book of business and new business opportunities with oversight from senior staff members if needed
• Compile Renewal Strategy document inclusive of prior year’s renewal highlights, program overview, benchmarking and analytics, current market update, program diagnostic, renewal timeline and ensure it is tailored to the specifics of that client’s industry and exposure
• Capture renewal submission materials from client, consolidate, re-format that information if vital and provide submission to markets with the oversight as needed by senior staff
• Secure primary and excess quotes from underwriters; applying effective underwriting relationships to improve broking results
• Diligently check quotes, binders and policies and seek corrections from underwriters; primary quote(s) should be reviewed with senior staff member
• Compile Renewal Proposal document and include renewal highlights, expiring program, proposed program, program changes, and any coverage improvements
• Provide broking status and continuous support and service to clients during entire broking process and entire period of engagement by client
• Work in an Aon United fashion to cross-sell Cyber Solutions and Financial Lines products and services
• Deepen effective relationships with underwriters
• Proactively develop and complete a pipeline strategy for new business
• Drive utilization of all available technology throughout broking process and client service process
• Understand the causes of E&O and avoid and adopt practices to reduce exposure
• Diligently check quotes, binders, and policies and seek corrections from underwriters
• 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
• Secure and review all policies within 30 days of binding

Skills and experience that will lead to success

• Active P&C license, if not licensed, obtained with 90 days of hire
• 1-3 years of experience in commercial broking and/or underwriting
• Excellent negotiation skills
• Ability to build relationships
• Strong ability to communicate via email and phone
• Proficiency in Microsoft Office, Salesforce a plus

Education:

• Bachelor’s degree in related field

How we support our colleagues:

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well.

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 and inclusive 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. People with criminal histories are encouraged to apply.

We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at [email protected] or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

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 (intended for U.S. applicants) is $85,000 to $115,000 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.

A summary of all the benefits offered for this position:

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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