Full-Time Reinsurance Broker | Toronto | Guy Carpenter
Job Description
Guy Carpenter is the world’s premier reinsurance intermediary and strategic advisor to leading insurance and reinsurance organizations, delivering integrated solutions through its industry-leading analytics and advisory services, highly specialized product knowledge and trading relationships with reinsurance markets around the world. Headquartered in New York City, Guy Carpenter has more than 2,300 employees in over 60 locations worldwide.
Guy Carpenter (GC) is currently seeking a Broker in its Toronto office to support the broking placement process and execution of the client’s go to market strategy. The Broker coordinates his or her efforts with the senior broking team for the account in order that the transaction is aligned with the overall engagement. He or she coordinates the Technical Assistant’s and/or Associate Broker’s responsibilities with respect to creating the underwriting submission and managing the flow of information during the placement process.
As a Broker, your tasks will include:
Broker Support
- Update management on issues, progress, etc, regularly and upon request.
- Assist senior brokers with complex analysis.
- Provide thorough review of contract documentation to ensure contract drafter has accurately captured terms and conditions for negotiation and finalization
- Monitor follow-up on contract documentation, ensuring the timely flow of materials.
Learning Development
- Learn about the companies GC does business with and understand who the up-and-comers are on the client, vendor, and prospect side.
- Maintain comprehensive knowledge of reinsurer capabilities (product lines, capacity, approvals, etc), with the help of Market Information Department, Legal Department, and other departments as needed.
- Develop deeper functional knowledge in capability areas.
Budget Management
- Manage expenses, time, services, etc. in order to maximize GC profits.
Compliance Policies
- Understand all best practice procedures and compliance policies. When new procedures are provided, understand and adopt new procedures as rolled out, take required training and speak up with any question or concerns uncovered in your role at Guy Carpenter.
- Follow all best practice procedures and compliance requirements, including but not limited to building a complete placement file as the placement progresses to minimize errors & omissions.
Client Services/Client Relationships
- Obtain the most appropriate market placements and services for assigned accounts based on senior broker’s assessment of client needs.
- Respond to client queries and concerns, resolving issues promptly.
- Assist with the design of new programs and recommendations for clients’ needs, placing business with client-approved reinsurers.
- Assist in responding to client request for information (reinsurer financial reports, industry issues, etc), coordinating with Market Information and other departments as necessary.
- Establish and maintain strong relationships with reinsurers, clients, colleagues at Guy Carpenter.
Qualifications:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Commerce, Economics or any related majors
- A minimum of 2 years of experience in commercial insurance or reinsurance required
- Thorough knowledge of insurance/reinsurance concepts and terms for developing and placing reinsurance programs, preparing placement slips and cover notes and drafting or amending new and existing contracts
- Very strong computational skills in Microsoft Office (Excel, Word, PowerPoint)
- Excellent interpersonal skills for establishing and maintaining client, reinsurer and internal relationships
- Verbal and writing skills for complex communications (presentations, negotiations, etc.) with clients, reinsurers and GC colleagues at various levels of seniority
- Ability to prioritize workload according to volume, urgency and resource requirements
- Ability to find creative solutions to new problems as they arise
- Ability to maintain compliance with Professional Standards, where applicable, as well as company-wide quality initiatives
- Ability to find creative solutions to new problems, as they arise
- Ability to be organized and pay attention to detail
- Ability to possess technical knowledge/expertise as demonstrated by the ability to provide appropriate support to clients
- Ability to travel (including internationally), entertain, and attend meetings, up to 30% of the time
- Bilingual (French/English) is an asset
JOIN US
At Guy Carpenter, we believe that diversity and inclusion are vital components of our future and our goal is to leverage the unique skillsets that each person brings to the company. We provide our employees with a supportive, collaborative environment that leads to innovative ideas and the ability to make an impact. If you thrive on challenge and enjoy connecting with people, we’re looking for you!
COMPANY PROFILE
Guy Carpenter is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 60,000 colleagues and annual revenue over $13 billion, Marsh & McLennan Companies is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. It is the parent company of a number of the world’s leading risk experts and specialty consultants, including Marsh, the insurance broker and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. With over 60,000 employees’ worldwide and annual revenue of approximately $10 billion, MMC provides analysis and advice to clients in more than 100 countries. Its stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges.
Marsh & McLennan Companies offers competitive salaries and comprehensive benefits. For more information about our company, please visit us at: http://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at: www.mmc.com/diversity.
How to Apply
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