Senior Placement Broker
2 weeks ago
**Cape Town based role**
**Main Duties**:
- Assist the Client Executive is issuing Client Renewal Questionnaires
- Assist the Client Executive to collate the renewal information
- Collate documents received from various sources into Broking Notes
- Issue quoting slips
- Handle the Broking and Placement Broker function on Corporate accounts
- Participate in the Internal Renewal Strategy Meeting
- Participate in the Client Renewal Strategy Meeting, suggesting strategies for obtaining competitive renewal terms
- Broke / negotiate terms with local insurers / wholesale brokers
- Lead renewal meetings with the local insurers
- Analyse, collate and make recommendations on terms / quotes / alternatives received for the Client Executive
- Participate in the Client Renewal Meeting as required
- Issue and obtain insurers signature to closing instructions / placing slips per agreed timeframes
- Send binding instructions to and obtain signed slips from wholesale brokers as needed
- Confirm cover to Claims Department and Client Executive
- Issue invoices
- Issue policy wordings
- Develop relationships with insurers at a mid-management level
- Play an advisory role to the Client in support of the Client Executive
- Attend ad hoc Client meetings
- Participate in Placement meetings
- Assist with training when requested
- Assist the Client Executive in doing confirmations of insurance
- Attend to client queries in the absence of the Client Executive
- Assist the Claims Department with difficult claims
- Comply with Marsh Professional Standards
- Comply with procedures relating to errors and omissions
- Ensure compliance with acts / regulations relating to insurance
Management function:
- Provide support to the team on difficult renewals
- Encourage continuous learning
- Open sharing of market knowledge within the team to drive best results for clients
- Engage with Team leaders in other areas to drive service delivery
- Conflict management
- Performance management
**Experience and Qualifications**:
- Minimum 10 years insurance experience
- Advanced knowledge of Word, Excel and Outlook
- FAIS compliant
- Good market relationships
- FIISA Qualified - Advantageous
**Job Knowledge**:
- Conversant with the coverage provided by all short term classes of insurance handled within Placement
- A general knowledge of specialist classes of insurance
- An ability to broke high complexity accounts in the local insurance and International market
- An ability to implement the placement strategy on high complexity accounts
- An ability to identify suitable insurance markets for specific risks
- A knowledge of risk financing techniques
- A knowledge of the principals of risk management
- A knowledge of the mechanics of reinsurance
- Conversant with insurance legislation
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