Reference: 5137 CM

Job Description:

Handle the Placement Broker function on high complexity accounts
Participate in the Internal Renewal Strategy Meeting
Participate in the Client Renewal Strategy Meeting, where necessary
Check quoting slips and policy wordings drafted by the Technician
Collate documents received from various sources into Broking Notes
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 Dept and Client Executive
Approve final policy wordings issued by the Technician
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, when requested
Participate in Placement meetings
Assist with training when requested
Comply with Professional Standards
Comply with procedures relating to errors and omissions
Ensure compliance with acts / regulations relating to insurance
Leadership of a broking team
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

Qualifications:

Minimum 6 years insurance experience
Advanced knowledge of Word, Excel and Outlook
FAIS compliant
NQF4 completed
Obtained or commenced with studies towards Higher Certificate in Insurance / IISA Introductory Programme in Short Term Insurance / IISA Programme in Short Term Insurance or NQF5
Management experience would be an advantage
Conversant with the coverage provided by all classes of insurance handled within Placement
A general knowledge of specialist classes of insurance e.g. contract works
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 basic knowledge of risk financing techniques
A basic knowledge of the principals of risk management
A basic knowledge of the mechanics of reinsurance
Conversant with insurance legislation