Facultative Property Reinsurance Broker

6 months ago

London, United Kingdom Aon Full time

Junior Broker Facultative

Aon are currently recruiting a Junior Broker Facultative Reinsurance to join our dynamic and market leading Asia Pacific & Japan team in London. The role necessitates working closely with colleagues in our regional offices in Sydney, Melbourne, Auckland, Singapore, and Tokyo as a key part of our client offering.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
Headquartered in London, Aon Plc is a leading global professional services firm providing a broad range of risk, retirement, and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Reinsurance Solutions, a division of Aon plc, is the world’s leading reinsurance intermediary and full-service capital advisor. We empower our clients to better understand, manage and transfer risk through innovative solutions and personalised access to all forms of global reinsurance capital across treaty, facultative and capital markets. As a trusted advocate, we deliver local reach to the world’s markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial and rating agency advisory.

What the day will look like

As a Junior Broker, some of your key responsibilities will include:
Working with regional office colleagues to provide advice to clients on placement design, available coverage and capacity, likely pricing, potential coverage enhancements and market progress
Negotiating terms and conditions of placements with reinsurers
Technical and administrative support for the Account Executive team in placing and servicing Facultative Reinsurance
Processing of placements and liaising with offshore teams to ensure invoices are prepared and issued on time
Generation and review of contractual documentation (including contract wordings, endorsements, invoices, and evidence of cover)
Resolution of queries received from clients and reinsurers - liaising with colleagues within other departments and local offices as necessary
Collection and analysis of data necessary for the preparation of market submissions and presentations
Working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests, or reputation of any Group Company
Skills and experience that will lead to success

Technical (re)insurance knowledge
Excellent attention to detail
Great communication skills
Data analysis abilities
Good level of IT competency (Intermediate level in Microsoft Excel and Word)
Experience of working in a client-facing environment
Ability to work in an environment where deadlines must be adhered to
Ability to build relationships internally and externally with clients and markets
Strong team-working capabilities

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

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