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Reinsurance Broking Associate (Minneapolis)

Company: Lockton
Location: Minneapolis
Posted on: March 20, 2023

Job Description:

As a New Reinsurance Associate, you will be exposed to multiple facets of the reinsurance industry, including client relations, technical service and project management. The onboarding experience is very "hands-on" and will give you a thorough induction to the business.Successful candidates will demonstrate an eagerness to learn, a willingness to communicate and an adaptability to changing environmentsRESPONSIBILITIES

  • Assist Broker and Senior Broker(s) in the production, design, analysis and administration of reinsurance programs on behalf of client partners.
  • Prepare submissions, obtain quotations, and represent our client partners in the reinsurance marketplace.
  • Handle and maintain files, negotiate contract subjectivities and other open items (e.g. special acceptances.)
  • Liaise with clients and reinsurance markets for day-to-day account inquiries.
  • Liaise with the claims, accounting and contract departments to ensure consistent and best-in-class service standards.
  • Collaborate with Market Security to advise clients on reinsurers' financial condition.
  • Liaise with the Compliance department where necessary to ensure adherence to company guidelines.
  • Be accountable to Senior Broker(s) to provide excellent and timely service to clients.Qualifications
    • Able and willing to learn new things - hardly anyone comes out of college knowing about reinsurance, so we'll teach you if you are eager to learn
    • Interested in building relationships - reinsurance is a relationship-driven industry and interacting with customers, reinsurers and colleagues in social settings is part of the job
    • Numerically literate - you don't have to be a math major, but you do need to be able to think and reason about numbers and do basic math
    • Collaborative and team-oriented - insurance works because people work together; reinsurance broking is no different
    • A good communicator, both verbally and in writing - telling a compelling story and conveying your ideas clearly is what reinsurance broking is all about
    • Able to think creatively and demonstrate problem-solving skills - new challenges inevitably arise, especially in a new company. Doing the best we can for our customers requires resourcefulness, imagination, and determination
    • Trusted with detailed tasks - details matter, so having a process for reviewing your work to find errors and noticing when something doesn't look right help to build trust with colleagues, customers and reinsurance partners
    • Adaptable to changing environments - as a start-up company that is growing fast, we are gaining new employees and customers daily, so things move quickly and are constantly changing
    • Ability to work outside of normal business hours as needed

Keywords: Lockton, Minneapolis , Reinsurance Broking Associate (Minneapolis), Other , Minneapolis, Minnesota

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