Reinsurance Broker Analyst

at  Gallagher

Introduction:
Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you’ll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.
We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.
Overview:
We are excited to be recruiting a Broker Support for our established Marine team based in London. This is an excellent opportunity to work closely with our Brokers and Producers and maintain valued client relationships.
The successful candidate will ensure the appropriate level of service is provided to clients at all times. You will have full knowledge of Client’s service requirements, including but not limited to; placement of the business, compliance, mid-year projects / RFP’s, all while efficiently collaborating with internal / external parties.
How you’ll make an impact:

Client Relationship Management

• Responsible for ensuring all pre and post placement servicing is delivered and prioritised in accordance with contract terms and client’s expectations, supervising end to end process until full Evidence of Cover documentation is provided to the client
• Know the client’s business and their reinsurance programmes
• Forge and maintain working relationships with agreed Clients and Markets and improve the overall customer relationship, delivering reliable administrative support and Client service
• Maintaining ultimate responsibility for coordinating query resolution with the Client and reinsurers and ensuring effective management of queries per Client and reinsurer instructions
• Adhering to standard internal processes, policies and procedures, and other external regulatory requirements, as well as Compliance with legal requirements, industry regulations, organisational policies and Gallagher Re best practice and professional codes
• Be the point of contact to Client, Broker, Local Overseas Offices, Market and Management for assigned accounts

Broker Support

• Review market security information on carriers, checking compliance and financial positions
• Build / Update marketing sheets for Broking Team
• Produce data, statistics, and information packs in support of the placement of a client’s reinsurance programme
• Liaise with Compliance / Sanctions Team on sanctions checks where touch points exist
• Liaise with Legal Teams in respect to commercial contract reviews
• Support creation of slips / endorsements
• During the ‘renewal process’ of contracts, acting as a coordinator between our lawyers and clients in respect to pulling together all of the legal documentation (slips, commercial agreements etc)
• Collaborating with all divisional teams, including actuarial and broking units
• Assisting with the tender / renewal presentations / information generation
• Responsible for crafting Compliance Review Packs and files which can easily be audited by our Compliance team

About you:

• Experience within a similar position is essential
• Excellent communication skills both written and verbal
• Ability to prioritise and action high priority tasks
• High level of organisational skills and attention to detail
• Proactive and efficient personality
• Optimistic and flexible approach
• Excellent IT skills, including MS Word, Excel, PowerPoint and Outlook
• Confident in processing data and running reports
• Ability to account manage clients
• Experience in delivering applicable compliance standards with client service teams
• Ideally you’ll have Proportional Treaty and Non Proportional Treaty knowledge as well as Product experience
• Knowledge of drafting wordings and endorsements
• Eligible to work in the UK

Compensation and benefits:
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Please refer the Job description for details