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Account Executive

Salary Available on request
Location London/Hybrid
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

The Vacancy

Purpose of the Role:

The purpose of this role is to place insurance risks into Lloyd’s and the London and International insurance markets on the best available terms and conditions with secure and reputable underwriters/insurance companies.

 

The Account Executive assists in the preparation and placing of insurance risks into the Lloyd’s, London and overseas insurance and reinsurance markets by organising and providing up-to-date documentary information and delivering effective technical, processing and marketing services.

 

Key Role Accountabilities:

 

  • Collate complete, accurate and meaningful information for Underwriters;
  • Help to develop a successful marketing strategy for any given risk;
  • Maintain and build on existing relationships with underwriters;
  • Develop and foster relationships with clients to attract new business and retain existing clients.
  • Negotiate with underwriters on behalf of the client;
  • Apply knowledge of specific markets capacity/services available from them and identify potential new/alternative markets
  • Contribute to business development with recommendations during marketing and renewal meetings.
  • Research, co-ordinate and resolve market/client issues in proactive and timely fashion;
  • Upload and download documentation onto PPL/ Whitespace
  • Produce high quality documentation, including slips and policy information efficiently;
  • Prepare invoice processing requests
  • Communicate with the credit control team regarding payment queries
  • Control the production of new policy, renewal and mid-term documentation;
  • Maintain up to date policy and client records;
  • Provide and gather information to and from Underwriters, Brokers, Technical Staff and Business Producers as required;
  • Provide pro-active service to ensure the efficient day to day handling of client requirements
  • Produce statistical information/reports as required;
  • Manage and undertake assigned project work to time scales as directed.

 

The above list of responsibilities is not exclusive or exhaustive and the job holder may be required to undertake such tasks as reasonably expected within the scope of the role.

 

Qualifications & Experience:
  • Experience drafting slips and endorsements (essential)
  • Circa 5+ years experience of the London Insurance Market (essential)
  • ACII or equivalent professional qualification (not essential)
  • 3+ years working on Energy Liability classes of business
  • Knowledge of the Regulatory requirements of US Energy Liability business (preferable)
  • Previous broking experience (essential)
  • Working knowledge of Global US fronted placements (not essential)
  • Knowledge of Microsoft systems Word and Excel (essential)
  • Knowledge of various online placing systems – PPL, Whitespace (preferable)
  • Knowledge of Sanction Requirements (preferable)

Person Specification:
  • Strong organisation skills
  • Ability to show initiative
  • Ability to work as part as a team, but also the ability to self motivate when working alone
  • Ability to work under pressure and adhere to deadlines in a fast paced environment
  • Ability to build and maintain profitable long-term relationships with clients and colleagues
  • Willingness to follow procedures in full and not to take short cuts, even when under time pressures
  • Strong negotiation, influencing skills, analytical, verbal and written communication skills
  • Confidence when dealing with external and internal communication

 

#PFI

The Company

Price Forbes & Partners is an independent specialist global wholesale insurance broker with offices in London, Bermuda, Chile, Dubai, and South Africa, focused on aligning the best markets, people, and products to achieve the right solution for our clients.

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