Property Broker - Facultative Reinsurance

Job Description

Property Broker in our Facultative Division oversees day-to-day 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 pro-forma 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 e-mail, 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 broker's P&C license will be well regarded, but not necessary.
• Risk Management/Insurance degree will be well regarded
• 2-5 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
• Self-starter/requires minimal supervision
• Will seek guidance when needed
• Solid presentation skills-written or oral
• Enhancing client service skills
• Ability to deal with difficult client situations
• Demonstrates knowledge of insurance structures

EEO, including disability/vets