Facultative Broker - Natural Resources
Facultative Broker - Natural Resources
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Job Description
At WTW we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome valued and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.
The Role
Client Engagement and Relationship Management:
- Build and maintain successful relationships with clients in the natural resources sector.
- Act as the primary point of contact for clients and stakeholders providing expert advice on reinsurance matters.
- Understand client needs and provide strategic solutions for facultative placements.
Facultative Reinsurance Placements:
- Lead the process of facultative reinsurance placements for clients in the natural resources sector.
- Negotiate terms and conditions with underwriters to ensure optimal coverage and pricing.
- Coordinate with internal teams including underwriting and claims to ensure effective of placements.
Market Intelligence and Analysis:
- Stay updated on market trends developments and competitor activity within the natural resources sector and the wider insurance market.
- Provide market insights and advice to clients to support their reinsurance decisionmaking processes.
Contract Review and Documentation:
- Oversee the preparation and review of reinsurance contracts and documentation.
- Ensure compliance with regulatory requirements and internal processes.
Collaboration with Internal Teams:
- Work closely with the Natural Resources team and other departments within WTW such as Risk Management Actuarial and Claims to deliver integrated solutions.
- Provide support to junior brokers and help foster a collaborative and knowledgesharing environment.
Client Reporting and Presentations:
- Prepare and deliver client presentations and reports that highlight key insights risks and opportunities.
- Monitor and track the performance of placements and provide regular updates to clients.
Qualifications
Experience:
- Experience in reinsurance or insurance broking preferably within the natural resources or energy sectors.
- Indepth knowledge of facultative reinsurance placements underwriting processes and the natural resources market.
- Experience working with a variety of reinsurance products and structures.
Skills:
- Excellent negotiation and communication skills with the ability to build relationships with clients underwriters and other stakeholders.
- Excellent analytical and problemsolving skills with a keen eye for detail.
- Proven ability to manage multiple clients and complex projects simultaneously.
- Proficiency in Microsoft Office Suite and reinsurance software tools.
Education:
- Bachelors degree in Business Finance Economics or a related field.
- Professional qualifications such as ACII (Associate of the Chartered Insurance Institute) or equivalent are advantageous.
The Application Process
- Stage 1: Online application and recruiter review
- Stage 2: Recruiter Screening Call
- Stage 3: 1st Round Interviews Competency format.
- Stage 4: 2nd Round Interviews Competency format.
- Stage 5: Offer and onboarding
Were 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.
Employment Type
Full-Time
