Property Broker - Facultative Reinsurance
Property Broker - Facultative Reinsurance
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Property Broker in our Facultative Division oversees daytoday placement and broking responsibilities for North American accounts including new business development; develops business relationships with producers and markets; negotiates with underwriters regarding coverage terms conditions and pricing on new and existing programs; evaluates quotes prepares marketing reports; manages proforma analysis information and distribution; assists regional teams with RFP and new business proposal development and performs other duties as assigned.
The Role:
- Brokerage responsibilities for a book of new and recurring property exposures
- Leads broking communication efforts by email telephone and written correspondence with underwriters and producers
- Obtains and distributes information from client and/or producing office
- Assists or may lead front end sales/RFP efforts
- Negotiates contract endorsements
- Prepares/oversees creation of proposals submissions and quotes and binders
- Design and prepare analytics/modeling material for clients and offices
- Evaluates and develops coverage confirmation for review
- Reviews certificates for accuracy and completeness
- Sorts and distributes work assignments for developing brokers
- Maintain and develop business relationships with client advocates producers and senior underwriting contacts
- Maintains knowledge of insurance carriers and their business practice
- Participates in continuing education to maintain licensure and industry credentials
Qualifications
The Requirements:
- Insurance brokers P&C license will be well regarded but not necessary.
- Risk Management/Insurance degree will be well regarded
- 25 years of Facultative Property experience preferred
- Large account loss sensitive experience is required
- Experience in claims analysis Cat modelling line setting and pricing will be well regarded
- Demonstrated knowledge of core (re)insurance principles & provide explanation to clients
- High level of Property coverage fluency
- Demonstrated excellence in negotiation skills and influence skills are critical
- Demonstrated ability in conflict resolution and selling skills are a plus
- Attention to detail and process orientation
- High proficiency with Excel formulas and spreadsheet creation/manipulation a plus
- Understanding of required placement workflows
- Selfstarter/requires minimal supervision
- Will seek guidance when needed
- Solid presentation skillswritten or oral
- Enhancing client service skills
- Ability to deal with difficult client situations
- Demonstrates knowledge of insurance structures
EEO including disability/vets
Employment Type
Full-Time
