Senior Management – Regional Broking Role
Job Description:
About the Role:
The responsible for the strategic direction, leadership and performance of a firm's reinsurance broking activities. This role involves managing key client, reinsurer relationships and optimising risk placement. This role reports to the Chief Executive Officer.
Responsibilities:
- Strategic Leadership: Develop and implement the overall broking strategy to drive business growth and meet financial objectives. This includes overseeing new business development and market expansion.
- Client and Reinsurer Relationship Management: Cultivate and maintain high-level, long-term relationships with clients (insurers and cedants) and global reinsurer partners.
- Risk Placement and Negotiation: Lead and oversee the design, negotiation and placement of complex proportional and non-proportional reinsurance programs and treaties. This involves securing optimal terms, coverage and pricing for clients.
- Team Management and Mentorship: Build, lead and mentor broking teams, fostering a culture of expertise, collaboration and professional development.
- Market Intelligence and Analytics: Utilize global insights, advanced data and analytics to provide market intelligence, assess risk profiles and advise clients on effective risk management strategies and alternative risk transfer mechanisms.
- Collaboration: Work closely with internal departments, including underwriting, claims, finance and compliance teams to ensure seamless service delivery and alignment of strategies.
Qualifications and Skills
- Education/Certifications: A bachelor's degree in a relevant field (finance, business, economics) is typically required, with an MBA or a professional certification being an added advantage.
- Leadership Skills: Proven strategic leadership skills, commercial acumen, and the ability to drive change and innovation.
- Technical Expertise: Deep technical knowledge of reinsurance structures and the global reinsurance market.
Experience: Extensive experience (typically 10+ years) in the reinsurance broking field,
Knowledge and Skills (General and Technical):
- Thorough knowledge in developing and placing reinsurance programs.
- Strong interpersonal skills for establishing and maintaining good clients, reinsurer, and internal relationships.
- Strong ability to find creative solutions to new problems, as they arise.
- Strong ability to be organized and pay attention to detail.
- Strong ability to handle significant workflow through efficient time management.
- Strong ability to seek ways to streamline and improve current processes.