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Broker

  • Location:

    Kuala Lumpur

  • Sector:

    Monroe Professional Services

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Mirosha Somasundram

  • Contact email:

    mirosha.s@monroeconsulting.com.my

  • Job ref:

    BBBH436162_1703732257

  • Published:

    2 months ago

  • Expiry date:

    2024-03-27

  • Client:

    Monroe Consulting Group

Executive Recruitment company Monroe Consulting Group's Professional Division is currently recruiting on behalf of a leading group of independent companies collaborating to provide its clients with a comprehensive range of services in the industry of insurance and reinsurance broking, risk management consulting and captive insurance. This job is based in KL, Malaysia. With presence in over 45 countries, this company is looking for a Broker, providing a platform for growth to any talent that is passionate about client management and insurance policies.

Job Responsibilities:

  • Client Management:
  • Establish and maintain strong relationships with Clients, understanding their specific re/insurance needs.
  • Assess and analyse Clients' projects, offered for reinsurance placement, and recommend appropriate reinsurance solutions.
  • Policy Placement:
  • Negotiate appropriate terms and conditions of re/insurance placement with re/insurance companies on behalf of Clients.
  • Develop and submit comprehensive re/insurance proposals and project presentations to underwriters.
  • Prepare renewal strategies, re/insurance proposals, verify accuracy of re/insurance documentation.
  • Risk Assessment:
  • Conduct risk assessments and analysis, based on the information provided by Clients, to determine the adequacy of coverage.
  • Recommend various structures of reinsurance placement, necessary adjustment of terms and conditions, etc to Clients.
  • Documentation and Compliance:
  • Prepare and review re/insurance documentation, ensuring accuracy and compliance with Clients', legal and regulatory requirements.
  • Maintain accurate records and documentation of interactions with Clients and contract details.
  • Claims Assistance:
  • Assist/Support the Claims department of the Company in the claims process, if necessary, liaising with Clients and re/insurance companies to expedite claim settlements.
  • Advocate for Clients' interests during the claims resolution process.
  • Market Research:
  • Stay current with industry trends, regulations, and emerging risks.
  • Identify potential insurance and reinsurance markets and products that align with the Company's strategy and potential Clients' requirements.
  • Client Education:
  • Educate Clients on insurance and reinsurance matters, helping them make informed decisions.
  • Provide guidance on risk management and loss prevention.
  • Business Development:
  • Identify and pursue new business opportunities and potential Clients.
  • Collaborate with the marketing and sales teams to expand the Client base.

Job Requirements:

  • Minimum Degree Holder in the relevant line of industry but preferably in insurance/reinsurance
  • Minimum 1 year experience
  • Good interpersonal, analytical and communication skills and able to work independently with minimal supervision.
  • Knowledge of Microsoft product
  • Good command of both spoken and written English and Bahasa Malaysia.
  • Good team player and able to clearly communicate ideas within the group