Account Manager
3 weeks ago
An opportunity for an Account Executive Downstream energy has become available at a leading and growing Brokers in London.
As the Account Executive Downstream Energy you will have London or International market experience working with international insurers and private/national downstream energy companies.
Your knowledge and skills need to include sector specific risks and insurance products/solutions, slip drafting, risk analysis and negotiation as in this role you will be advising clients on their insurance and negotiating and placing contracts of insurance that meet the client needs.
Quoting, Placement and Post Contract Alterations
• Analyse and provide advice on risk and insurance issues and structure appropriate coverage
• exposure and risk transfer goals
• Negotiates agreement to post-placement changes, e.g. by contract endorsement.
Management Information
• Produce and analyse premium/brokerage/claims/renewal and other statistics as may be required by line manager.
Client Management
• Achieves a high rate of client retention through well-planned and executed account renewal management
• Ensures there are sufficient resources to meet client day-to-day demands and escalates servicing issues to divisional management as necessary
• Ensure that the standards of Client Service Charter are met at all times
• No justified client complaints over provision of service Supervisory Responsibility:
• Compliance/Corporate Governance • Legal, market, regulatory and Best Practice Manual requirements are met in all aspects of business acquisition, placing, claims and servicing
• High technical standards are maintained to achieve quality, minimal rework and minimal E & O exposure
• Financial & document checks and subsequent approval process is handled in accordance with Client's Authorised Signatory List
• are retained on file in accordance with Best Practice Manual/divisional procedures providing a complete audit trail • Supports the introduction of new processes in response to regulation change
• Identifies and reports suspicious financial circumstances or transactions directly to Money Laundering Reporting Officer General • At all times behave in a way that upholds and promotes the good name and reputation • Deal honestly and fairly with colleagues, clients, and others within the insurance profession • Take responsibility for own learning and development. Keep up-to-date with best practice and legal developments relating to your own field of expertise. To meet all external and internal training requirements
Desirable Experience: London or international market experience preferably in broking along with account executive experience working with international insurers and private/national downstream energy companies.
Knowledge and Skills Market and industry structure and operation, including regulation and current market practice LM1 and LM2 or equivalent experience Sector specific risks and insurance products/solutions Slip drafting Risk Analysis Negotiation Well-developed verbal and written communication Client servicing and account development IT literacy in Word, Outlook and Excel (Intermediate) Relationship management Planning and organising Time management and prioritisation Placing process company Products and Services Core IT systems.
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