Reinsurance Broker

"Looking to join a dynamic Africa-focused reinsurance broker offering hands-on experience, diverse business exposure, and global travel opportunities?"

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Role Overview, key tasks but not limited to -

· To place new and renewal Reinsurance business for and on behalf of AAIS’s local offices, clients and producers.

· To ensure all broking related queries are handled promptly including but not limited to endorsements, NOC’s declarations/bordereaux and premium/claims queries, should the respective teams require

· To successfully build and manage key relationships with all stakeholders including colleagues, clients, markets and surveyors if needed

· To negotiate market terms on behalf of clients, analyse exposures and market appetites

· To identify and develop knowledge of markets and their risk appetite with the purpose of placing more reinsurance business

· To increase facultative business shares from all current clients

· To assist your allocated office with product training and new business development

· To ensure all broking related administrative tasks are handled promptly and accurately. This includes but is not limited to EOC’s Cover notes, Debit/Credit notes, Closings, Bordereaux, if applicable.

Position in the Organisation

· The job holder reports directly to the Head of Facultative Reinsurance. If unavailable, then to a Director or a Senior Reinsurance Broker.

Key Measures of Success

· Achieve +95% renewal rate on allocated renewals

· Meet allocated new business target

· Achieve 20% growth on renewal book of the allocated local office

· Timely and accurate placement of risks in the market

· Timely and accurate issuance of documents to the client

· Compliance with FCA guidelines, SOPs and internal policies

· Achieve Facultative team target

Areas of Responsibility

· Ensure that accurate records are kept up to date on renewals and new business on the centralised facultative sheets

· Foster and maintain a collaborative and positive team atmosphere

· Manage key market and client relationships

· Identify and develop new market, product and new business opportunities

· Ensure all renewal invites are sent out minimum 30 days before expiry

· Ensure all client documentation is sent out a maximum of 2 weeks from binding

· Ensure that the lead signed slip is sent to the client within 24 hours of receiving

· Analyse markets to ensure optimum terms are acquired for risk placements on behalf of clients

· Analyse, submit and/ or decline risks, negotiate risk placement terms with reinsurers/ underwriters, communicate quotes to clients and negotiate quotes on behalf of clients in a timely manner

· Oversee the correct issuance of all documentation pertaining to your accounts

· Ensure all workflow is managed in a timely manner

· Ensure comprehensive service is maintained for all facultative clients throughout the year

· Adhere to company internal policies and procedures together with mandatory training requirements

· Ensure effective handover of accounts during leave

We are looking for Candidates with the following:

• Minimum 1 year of experience in the Insurance Industry
• Preferred but not required classes, PVT, Aviation, Casualty and Property
• CII Qualifications or equivalent preferred but not essential
• Right to Work in the UK

Please apply with CV and Cover Letter, alternatively please send to [email protected]