In this position we are seeking an VP - Broker, to become a member of our dynamic and successful reinsurance broking team working with existing clients and developing new business with insurance companies, MGAs and retail brokers across all lines of business.
How You'll Contribute
- Oversight of preparation of insurance and reinsurance submissions for new and renewal accounts
- Assist with negotiation during the quotations process and placement process of both reinsurance and program placements.
- Liaise between Insurers and Reinsurers to handle day to day issues, with responsibility for all aspects of service and support clients.
- Maintain records of outstanding issues, monitor progress and ensure deadlines are being met.
- Represent Beach at client meetings, presentations, audits with Reinsurers, and other events as appropriate
- Work with contracts department to prepare treaty contracts and program agreements.
- Maintain ongoing relationship with clients and reinsurance and insurance markets
- Work with internal Claims, Operations and Finance departments to ensure administration of accounts is going smoothly and help resolve issues that require broker assistance.
- Coordinate analyses of client portfolios with actuarial team to determine appropriate reinsurance/insurance needs.
- Assist in the development of new relationships and conversion of new business opportunities.
This description is not meant to be all-inclusive and may be modified from time to time at the discretion of management.
Requirements
- Relative Experience in a similar role
- Bachelor's or higher degree, preferably with a STEM major
- Proactive and execution oriented, taking initiative to start and complete new tasks.
- Takes ownership and responsibility for quality, completeness and accuracy of work.
- Dedicated and a collaborative team member.
- Motivated to learn and grow in an evolving market.
- Demonstrates reasonable level of technical ability and has the ability to work alongside actuaries and interpret actuarial results.
- Has a strong appreciation and understanding of current issues affecting the industry.
- Communicates in a clear and practical manner both verbally and in writing.
- Keen to develop new relationships and maintain regular contact with clients and prospects.
- Openly evaluates and challenges current processes and work practices with a view of making improvements.
- Ability to deal with challenging deadlines and execute ruthless prioritization effectively.
