Junior Executive, Broking
1 week ago
**Job Description**:
Learning about the International (Re)insurance Markets to gain an understanding of (Re)insurance.
Understand the environment in which Ed operates in.
Understand the workings of the company and each of its functions, as well as the market that which the business operates in.
Gain an understanding of Ed’s key specialisms in other areas.
Providing support to the Marine Specialty Broking Team in the preparation of placement slips & endorsements as well as the Technical Administration and Claims process.
To learn and understand clients’ (re)insurance arrangements.
Become an effective team member and collaborate well with peers in both the London and Global offices.
To develop and foster relationships with clients.
To work on allocated tasks and projects as directed in order to facilitate business operations.
**Main Responsibilities**:
Learn to manage the (re)insurance intermediation as part of the team including risk placing, client servicing, claims handling, and associated functions.
Learn to produce clear and accurate documents and wordings for clients which provide the best possible cover in the market and adhere to all regulatory requirements.
Learn to use appropriate class of business knowledge to produce contract documents and documents suited to the client’s needs.
Understand the amendments to policies/contract documents produced prior to agreement by Underwriters.
Learn to deal with and resolve client or underwriter’s queries in a timely and professional manner.
Learn the use of TradEd, help drive and encourage adoption of it throughout Ed, and to ensure that Tracking is completed promptly to reflect the status of any risk.
To ensure sound business practices and an adequate and pro-active risk control framework within the team and work within the authority.
Maintain up-to-date and orderly files, and ensure documents are saved and files are passed on to the others in accordance with Company Rules and Procedures.
To work closely with the Finance department in resolving accounting and technical queries.
Provide and gather information to and from Clients and Underwriters as required.
Facilitate KYC compliance checks as relevant.
Escalate any potential problems to senior brokers and account executives.
Maintain proper meeting and call records.
**Representing Ed**:
Champion the Ed name and core values.
Represent Ed with clients, agents, suppliers, and other organisations.
**Compliance**:
Comply with relevant legal, regulatory, and Ed & Group compliance requirements, E&O compliance procedures, and quality initiatives.
Escalation of any potential E&Os to Division Head / Directors and senior managers at the earliest opportunity.
Ensure completion of all mandatory Company trainings and to the deadline.
**Knowledge Required**:
To understand the knowledge of general (re)insurance and relevant legal principles.
To understand the Company’s internal procedures and practices.
Certification in General Insurance (CGI) or any equivalent professional qualification as required.
**Essentials**:
Diploma holder or equivalent. No prior experience is required.
Eager and willing to learn.
Ability to prioritize and organise own workload.
Ability to work under pressure without supervision.
Collaborative team working approach.
Ability to work with employees at all organizational levels.
Ability to build and maintain profitable long-term relationships with clients and insurers.
Good negotiation and influencing skills.
Accurate and attentive to detail.
Good written and verbal skills.
Proficiency in Microsoft Office (Excel, word, powerpoint) & Outlook.
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