Job Description
Job Description: Reinsurance Broker
Job Summary
We are seeking a motivated and skilled Reinsurance Broker to join our dynamic team. In this role, you will specialize in designing risk-transfer solutions and negotiating reinsurance contracts to provide tailored solutions for our clients. You will be part of a collaborative and innovative work environment that values diversity, equity, and inclusion. If you thrive in a fast-paced setting and have a strong knowledge of reinsurance practices, we would love to hear from you!
Responsibilities
- Build and maintain strong relationships with clients, insurers, and reinsurers to understand risk management needs and objectives.
- Design, negotiate, and place reinsurance programs in line with client requirements and market conditions.
- Collaborate with internal teams to analyze risks, design market strategies, and develop bespoke solutions for clients.
- Advise clients on risk-transfer solutions, market trends, and financial models.
- Stay informed about industry regulations, global market trends, and emerging risks.
- Deliver world-class client service by ensuring timely placement of reinsurance contracts and resolving any issues.
- Maintain detailed records of transactions, placements, and follow-ups to ensure compliance and accuracy in all operations.
- Contribute to business development initiatives by identifying new opportunities and driving client growth.
- Promote a culture of teamwork, inclusivity, and professional excellence.
Qualifications/Requirements
- Bachelor’s degree in business, finance, insurance, or a related field is preferred. Relevant certifications are a plus.
- Proven experience as a broker, preferably in reinsurance or a related field.
- Strong negotiation, communication, and relationship-building skills.
- In-depth knowledge of reinsurance markets, practices, and terminology.
- Analytical mindset with the ability to assess risks and design tailored solutions.
- Excellent organizational and multitasking skills, with close attention to detail.
- Ability to work independently and collaboratively in a diverse environment.
Compensation Package
- Compensation: Between $150k-$250k (based on experience).
- Competitive benefits package, paid time off, professional development opportunities, etc.
Disclaimer: Please note that this job description may not cover all duties, responsibilities, or aspects of the role, and it is subject to modification at the employer's discretion.
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