International Casualty Broker (Insurance)

United Kingdom
£45k - £50k pa + Point
05 Oct 2017
31 Oct 2017
Contract Type
Full Time
Job Title - International Casualty Broker (Insurance) Contract - Permanent Salary - £45,000 - £50,000 & competitive package offering Location - London City Industry - Insurance Broker (Insurance, Casualty, Commercial, Broking,) Overall Role: To deliver client service through; advising clients on their insurance programmes, negotiating and placing contracts of insurance that meet client needs and conforming to company practice quality standards. Key Accountabilities/Core Competence Indicators: Quoting, Placement and Post Contract Alterations - Analyse and provide advice on risk and insurance issues and structure appropriate coverage. - Placing structure is appropriate to the insured's operations; exposure and risk transfer goals. - Market presentations secure best possible terms for the client, with full material disclosure. - Negotiates and obtains the most appropriate carrier, coverage and price for the clients' requirements. - Resolves subjectivities and warranties in accordance with client/insurer instructions to secure underwriters' participation. - Negotiates agreement to post-placement changes, e.g. by contract endorsement. Market Relationships - Develops and maintains market relationships to permit the widest placing opportunities. Management Information - Produce and analyse premium/brokerage/claims/renewal and other statistics as may be required by line manager. Client Management - Identifies and manages client requirements in accordance with the terms of appointment - Builds and maintains strong client relationships - Achieves a high rate of client retention through well-planned and executed account renewal management - Ensures there are sufficient resources to meet client day-to-day demands and escalates servicing issues to divisional management as necessary - Ensure that the standards of the company Client Service Charter are met at all times - No justified client complaints over provision of service File Management - Maintains thorough and timely records of market negotiations, presentations and communications with insurers and with clients in accordance with Internal Procedures and informs clients and/or colleagues of any developments. - Ensure that correspondence, documentation, statistic etc. are retained on paper and electronic files in accordance with BPM and divisional procedures to demonstrate a complete audit trail. Compliance/Corporate Governance - Legal, market, regulatory and Best Practice Manual requirements are met in all aspects of business acquisition, placing, claims and servicing. - High technical standards are maintained to achieve quality, minimal rework and minimal E & O exposure. - Maintain confidentiality in systems and procedures. - Financial & document checks and subsequent approval process is handled in accordance with the organisations Authorised Signatory List. - Review files to ensure that correspondence, documents, statistics etc are retained on file in accordance with Best Practice Manual/divisional procedures providing a complete audit trail - Supports the introduction of new processes in response to regulation changes. - Identifies and reports suspicious financial circumstances or transactions directly to company's Money Laundering Reporting Officer General - At all times behave in a way that upholds and promotes the good name and reputation of the group. - Deal honestly and fairly with colleagues, clients, and others within the insurance profession - Take responsibility for own learning and development. Keep up-to-date with best practice and legal developments relating to your own field of expertise. To meet all external and internal training requirements. Desirable Experience: - London or international market experience preferably in broking, Account servicing to large international corporations; technical insurance. - Technical insurance to CertCII, or equivalent experience. Knowledge and Skills - Market and industry structure and operation, including regulation and current market practice - LLMIT or equivalent experience - Sector specific risks and insurance products/solutions - Slip drafting - Risk Analysis - Negotiation - Well developed verbal and written communication - Client servicing and account development - IT literacy in Word, Outlook and Excel (Basic) - Relationship management - Planning and organising - Time management and prioritisation - Placing process - Core IT systems. TWINS: can enter and retrieve information. If you have the relevant experience or know someone that does please contact us now on [Phone number removed] or [Phone number removed] or email us at [Email address removed] _________________________________________________________________________________ To view all Current Vacancies or for more information on our Refer a Friend scheme, contact one of our consultants or visit our website [URL removed] Please Note: Due to the sheer volume of applications we receive, we will only contact successful applications. Therefore if you have not heard from us within 10 working days please deem your application as unsuccessful.
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