Senior Broker – Political Violence

About the job

A financial holding company, Chedid Capital is a leading investment group in the insurance and reinsurance fields. The Group operates across Europe, Middle East, Africa and South Asia. The Company plays a role in the forefront of the industry, being part of one of the top 20 Reinsurance Brokers in the world. 

Chedid Capital is looking for a Senior Broker in the Political Violence Department. The role focuses on providing insurance advice for clients, negotiating the best policy deals and renewing policies in a professional manner.

Joining our 1600 dynamic team member, spread among 64 subsidiaries worldwide, offers you endless growing opportunities.

Responsibilities

• Implement related policies and procedures.
• Implement activities in specific areas under minimal supervision.
• Ensure data of new offer details or finalized accounts are entered in an accurate manner in the system for reporting, reference and tracking purposes.
• Develop and maintain a list of reference accounts by type of risk with standard conditions and clauses for benchmarking purposes.
• Ensure physical file is complete and up-to-date. 
• Re-canvass markets on renewals for broader/better support and terms.
• Identify potential reinsurance markets for types of risks on hand in order to provide satisfy insurers requirements.
• Communicate with targeted reinsurers/binders for obtaining binding agreements.
• Bind reinsurers upon firm order ensuring maximum share and obtain signed slips.
• Negotiate with reinsurers in order to obtain maximum commission fees, competitive terms and conditions across all businesses.
• Prepare renewal notices/information requests to be delivered to markets in a timely manner.
• Promote Chedid Re services for business development purposes.
• Provide technical advice to cedants/reinsurers in order to ensure high-quality service.
• Coordinate with insurers to gather information for medium contracts and assess needs.
• Collect, consolidate and cleanse data and statistics for analysis and renewal purposes.
• Acknowledge receipt of submission to cedant and request any missing information.
• Review and analyze new submissions received from cedants in order to detect discrepancies and/or missing information.
• Obtain market intelligence on specific submissions to provide accurate data and information.
• Prepare underwriting information needed for reinsurers for decision-making purposes.
• Prepare proposal components to cedants (pricing, terms and conditions, etc.) for small accounts.
• Provide support/quotes to cedants in alignment with agreement.
• Process NTU & Lapsed accounts for future review.
• Follow-up and obtain quotes from markets and block market capacity.
• Propose underwriting analysis and quoted risks in order ensure alignment with the binding agreement.
• Prepare Chedid Re reinsurance slip as per internal procedures.
• Follow-up with cedants and markets to ensure high-chances of securing the firm order.
• Review signed slips in order to ensure conformity with final accepted offers.
• Confirm to cedants cover bound and issue binding slips for placement purposes.
• Coordinate internally and externally in order to reply to queries and/or resolve issues.
• Follow-up on premium payment terms in order to ensure extensions are granted and avoid cancelations.
• Perform compliance checks and report identified issues for resolution.
• Adhere to client needs on mid-term changes or endorsements.
• Keep abreast the latest market trends in insurance and reinsurance for recommendation and implementation purposes.
• Perform any other duties as requested.
• Apply for CII Courses.

Requirements

• Bachelor’s degree in Business Administration, Economics, Insurance, or equivalent in a similar field.
• Chartered Insurance Institute (CII) is preferable.
• 2 to 4 years of experience in the same or similar field.
• Insurance/Reinsurance products & practices awareness.
• Customer Service Oriented, with strong analytical thinking & communication skills.