Reinsurance Broker

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

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 lauren@afroasian-insurance.com.