P&C Philadelphia - Senior Vice President at BMS Group UK

Philadelphia, Pennsylvania, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Mar, 26

Salary

0.0

Posted On

14 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Client Relationships, Risk Management Analysis, Reinsurance Contracts, Catastrophe Modeling, Actuarial Process, Technical Skills, Analytical Skills, Business Acumen, Negotiation Skills, Data Analysis, Mentoring, Microsoft Office, Attention To Detail, Time Management, Collaboration, Communication

Industry

Insurance

Description

About BMS BMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk. As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice. This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide. For more information on BMS and BMS Re, visit us online at bmsgroup.com or follow us on LinkedIn and Twitter. Find out what it's like to work at BMS Re by clicking here. This role will own client relationships and drive prospecting activities in BMS’s target client markets. You will strategize directly with clients on risk management analysis, including quantifying how much risk to retain and transfer to the reinsurance market. A successful candidate will ensure client and reinsurer relationships are maintained and continuously growing and evolving. Key Responsibilities: Maintain solid relationships with key decision makers, including current and potential clients and prospects; ensure junior team members understand the importance of each relationship and what motivates them Maintain a wide network of relationships among reinsurance underwriters, actuaries and other staff to promote collaboration and a solutions-based approach for clients and prospects Drive the full renewal process for each client from strategy to planning to execution; delegate responsibilities to others to ensure the process is progressing in a timely manner Look for opportunities with existing clients, researching their portfolios, analyzing their needs, and partnering with other resources to offer creative solutions to help them grow their business Professionally and succinctly present BMS capabilities to prospects, partnering with other BMS teams to ensure all capabilities are accurately demonstrated Strategize with internal and external clients around renewals and projects; establish what needs to be accomplished to effectively meet the clients’ needs; offer creative solutions Effectively and respectfully negotiate with others to achieve client and prospect goals Facilitate annual audits Understand basic rating methodology; maintain peer studies for clients, and update, as necessary Anticipate requests and proactively supply information to clients and prospects; think of solutions that will help them meet their goals, and present relevant ideas to them proactively Complete/oversee annual actuarial work for contracts including level rate making, loss trend and development factors, and changes over time; prepare reports, and present findings Maintain or oversee client specific databases; perform quarterly, semi-annual and/or annual reviews of large data sets; analyze, manipulate, and organize data to produce desired reports and current information for clients Mentor brokers on team, sharing best practices and industry knowledge We are looking for someone with: Minimum of thirteen years experience in a broker or similar role Bachelor's Degree or equivalent experience Superior understanding of reinsurance contracts Strong understanding of catastrophe modeling process/output, actuarial process/output, and client-specific processes/output Exceptionally strong technical and analytical skills Strong understanding of AM Best rating methodology and applicability Excellent business acumen with the ability to see big picture and read cues from clients and prospects regarding their needs and act accordingly Strong level of confidence with the ability to continually push forward towards goals and objectives, even during challenging times Strong skills using Microsoft Office suite of products Excellent attention to detail with strong follow-through and follow-up skills Excellent ability to manage time, prioritize and work to deadlines; adept at multi-tasking with strong organizational skills Highly collaborative personality with ability to maintain positive client relationships; flexible to meet the needs and demands of a fast-paced work environment Ability to use initiative to research and work out problems, takes ownership for resolution Ability to effectively communicate and interact with internal and external clients and vendors through both verbal and written means with excellent listening ability Willingness and ability to mentor brokers What’s in it for me? This role offers a competitive salary and exceptional benefits, including the following offerings: comprehensive medical and dental plan options for you and your dependents vision, short-and long-term disability and life insurance options 401(k) with company match employer funded health saving accounts business travel accident insurance identity theft and legal services fitness and wellness reimbursement generous leave policies, including parental leave paid holidays, volunteer days and your birthday off! opportunity to purchase equity The annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate. Employment Practices BMS is an Equal Opportunity Employer. Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’ As such, we have created our ‘BMS Together’ program, with dedicated training, collaborative committees and intentional partnerships. BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.

Responsibilities

The role involves maintaining and growing client relationships while driving prospecting activities in target markets. Responsibilities include strategizing on risk management, overseeing the renewal process, and presenting BMS capabilities to prospects.