Gauteng
Cape Town
Head Office (T) 010 - 020 0541

Senior Broker / Account Manager

Senior Broker / Account Manager

Skills: Corporate Insurance exp, Must be fully FAIS compliant    Posted 2 weeks ago

TITLE:         SENIOR BROKER / ACCOUNT MANAGER (EXISTING CLIENTS)

AREA:          STELLENBOSCH

SALARY:    R800K – R88OK

 

MAIN DUTIES:

Broking complex accounts :

  • 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
  • Analyze, 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 Marsh Professional Standards
  • Comply with procedures relating to errors and omissions
  • Ensure compliance with acts / regulations relating to insurance

Management function:

  • 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

EXPERIENCE AND QUALIFICATIONS REQUIREMENTS:

  • Minimum 6 years corporate insurance experience
  • Advanced knowledge of Word, Excel and Outlook
  • FAIS compliant
  • NQF level 4 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 NQF level 5
  • Management experience would be an advantage

JOB KNOWLEDGE:

 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

SKILLS REQUIREMENTS:

 Communication skills

  • Negotiation skills
  • Problem solving skills
  • Planning and organizational skills
  • Mathematical skills
  • Analytical skills
  • Administrative skills
  • Leadership

BEHAVIORAL ATTRIBUTES:

 Accuracy

  • Customer focus
  • Technical learning
  • Perseverance
  • Drive for results
  • Self-development
  • Time management and adherence to deadlines
  • Methodical
  • System Orientated
  • Enthusiasm
  • Team player

To apply for this position, please email your word format CV to jobs@molubi.co.za and include the following on your CV:

  • Head & shoulders photo
  • Current or previous cost to company
  • Expected cost to company
  • Reasons for leaving each previous employer
  • Notice period
  • Brief overview / Motivation for your application