Insurance Risk Management Specialist
3 weeks ago
About the Role:
ZA004 Marsh (Pty ) Ltd is seeking an experienced Insurance Risk Management Specialist to join their Corporate Placement Team in South Africa.
Job Summary:
The successful candidate will be responsible for delivering broking services, attending strategy meetings and renewal meetings, preparing and finalizing broking documentation, identifying and selecting appropriate markets, distributing broking notes to the market, negotiating with markets and structuring deals, implementing placement strategy on high complexity accounts, collating market terms and quotes for submission to client services, preparing and finalizing placing slips, closing markets and obtaining market confirmation of cover, confirming final placement and changes, and preparing other broking documentation as required.
Responsibilities:
- Deliver broking services to clients
- Attend strategy meetings and renewal meetings to discuss client needs and market trends
- Prepare and finalize broking documentation, including broking notes and placing slips
- Identify and select appropriate markets for clients
- Distribute broking notes to the market and negotiate with markets to secure cover
- Implement placement strategy on high complexity accounts
- Collate market terms and quotes for submission to client services
- Prepare and finalize placing slips
- Closing markets and obtaining market confirmation of cover
- Confirm final placement and changes
- Prepare other broking documentation as required
Requirements:
- Minimum of 5 years' experience in short term insurance
- FAIS and CPD compliant
- Knowledge of the principles of risk management and mechanics of reinsurance
- Advanced knowledge of Word, Excel, and Outlook
- Communication and negotiation skills
- Problem solving and analytical skills
- Planning and organizational skills
- Customer focussed
- High level of technical proficiency
- Drive for results
- Team player
- Methodical and strives for accuracy
- Ability to work under pressure and meet deadlines
About You:
- Diploma in Insurance or commenced studying towards AIISA
- Insurer relationships
About Marsh:
Marsh is the world's leading insurance broker and risk adviser, with over 45,000 colleagues operating in more than 130 countries. They serve commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan, the leading global professional services firm in the areas of risk, strategy, and people. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit and follow us on and .
What We Offer:
- Competitive remuneration
- Attractive range of benefits
- Hybrid work environment allowing for a healthy work-life balance
- Opportunity to collaborate with a diverse range of professionals and develop skills
- Internal development and growth opportunities
Estimated Salary: R 900,000 - R 1,200,000 per annum, depending on experience.
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