Facultative Broker – Downstream Energy in London

Facultative Broker – Downstream Energy in London

London Full-Time 59400 - 72600 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Broker downstream energy placements, negotiate with clients and reinsurers, and manage documentation.
  • Company: Join Marsh McLennan, a global leader in risk and reinsurance.
  • Benefits: Enjoy professional development, flexible work options, and a vibrant, inclusive culture.
  • Other info: Great career growth opportunities in a supportive team environment.
  • Why this job: Make an impact in the dynamic energy sector while building valuable relationships.
  • Qualifications: Experience in insurance or reinsurance, strong relationship-building skills, and attention to detail.

The predicted salary is between 59400 - 72600 £ per year.

We are seeking candidates who are resourceful, proactive, and looking to develop their career within a highly collaborative, market-leading team at Marsh Re in London. The role sits within our Facultative Broking business and focuses on downstream energy reinsurance. You will work closely with clients and London Market reinsurers to structure, negotiate, and place tailored facultative solutions. It’s a strong opportunity for someone looking to deepen (or pivot into) energy, bringing either a solid underwriting/broker support foundation with London Market placing exposure, or existing broking experience in energy or property.

We will count on you to:

  • Broker downstream energy facultative placements end-to-end, supporting clients with placement strategy, market engagement, and execution.
  • Work with clients and internal stakeholders to understand risk, coverage needs, and placement objectives, and translate these into effective market submissions.
  • Develop and maintain strong relationships with London Market reinsurers/markets, negotiating pricing, terms, conditions, and coverage to achieve positive client outcomes.
  • Produce and manage placement documentation (e.g., submissions, quotes, market presentations, cover notes/slips, and contracts) in a timely and accurate manner.
  • Manage the placement lifecycle through to binding and post-bind activities, including follow-up on contract documentation and ensuring timely flow of materials.
  • Collaborate closely with colleagues across the business to deliver coordinated client solutions and provide high-quality service throughout the process.

What you need to have:

  • Experience working in the insurance or reinsurance industry (either in the London Market or direct insurance), with exposure to placing business (through broking, underwriting, or strong broker support experience supporting placements).
  • Ability to build effective working relationships with colleagues, clients, and market participants at all levels.
  • Strong attention to detail and the ability to work under pressure to strict deadlines.
  • Ability to manage time-sensitive workstreams with multiple stakeholders, maintaining accuracy across documentation and ensuring a smooth path to bind.
  • Strong submission and presentation skills—able to turn technical risk information into concise, high-quality market submissions/presentations.
  • Preferably ACII qualified or working towards the ACII qualification.

What makes you stand out?

  • Experience broking facultative business (energy and/or property), or a clear, demonstrated interest in focusing your career on downstream energy.
  • Background at a smaller broker where you have supported the full lifecycle of broking and can operate with ownership and accountability.
  • Strong technical understanding of downstream energy risks and/or a proven track record of quickly developing product and market expertise.
  • Established relationships with key London Market facultative reinsurers (or a strong ability to build a market network quickly) and confidence presenting submissions to underwriters.
  • Demonstrated ability to shape placement strategy (market selection, layering/limits, wording approach) and articulate trade-offs to clients clearly.
  • Interest in and awareness of downstream energy market dynamics (capacity, appetite shifts, loss trends, wordings focus areas) and how they impact placement decisions.
  • A track record of taking ownership end-to-end, proactively managing stakeholders and anticipating issues through contract production and post-bind follow-up.

Why join our team:

  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us.

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

Facultative Broker – Downstream Energy in London employer: Marsh & McLennan Companies

At Marsh McLennan, we pride ourselves on being an exceptional employer, offering a vibrant and inclusive work culture that fosters professional development and collaboration. Located in the heart of London, our hybrid work model allows for flexibility while ensuring meaningful engagement with talented colleagues. With a commitment to diversity and a range of career opportunities, we empower our employees to thrive and make a significant impact in the compliance monitoring field.

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Contact Details:

Marsh & McLennan Companies Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Facultative Broker – Downstream Energy in London

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We think you need these skills to ace Facultative Broker – Downstream Energy in London

Facultative Brokerage
Downstream Energy Reinsurance
London Market Exposure
Placement Strategy
Market Submissions
Contract Documentation
Risk Analysis

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Marsh & McLennan Companies.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Marsh & McLennan Companies. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Marsh & McLennan Companies

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Marsh & McLennan Companies to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Marsh & McLennan Companies, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Marsh & McLennan Companies's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.