Senior Account Executive

Back to job search
Senior Account Executive

Senior Account Executive

  • Location:

    City of London

  • Contact:

    Aaron Gavin

  • Contact email:

    talent@acinrecruit.co.uk

  • Job ref:

    143

  • Published:

    12 days ago

  • Expiry date:

    2022-09-01

Overall role:

To deliver client service through; advising clients on their insurance programmes, negotiating and placing contracts of insurance that meet client needs and conforming to company practice quality standards.

Key accountabilities:

Quoting, Placement and Post Contract Alterations

• Analyse and provide advice on risk and insurance issues and structure appropriate coverage.

• Placing structure is appropriate to the insured's operations; exposure and risk transfer goals.

• Market presentations secure best possible terms for the client,with full material disclosure.

• Negotiates and obtains the most appropriate carrier, coverage and price for the clients' requirements.

• Resolves subjectivities and warranties in accordance with client/insurer instructions to secure underwriters' participation.

• Negotiates agreement to post-placement changes, e.g. by contract endorsement.

Market Relationships (UK & International)

• Develops and maintains market relationships to permit the widest placing opportunities

Management Information

• Produce and analyse premium/brokerage/claims/renewal and other statistics as may be required by line manager.

Client Management

• Identifies and manages client requirements inaccordance with the terms of appointment

• Builds and maintains strong client relationships

• 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 UIB's Client Service Charter are met at all times

• No justified client complaints over provision of service

File Management

• Maintains thorough and timely records of market negotiations, presentations and communications with insurers and with clients in accordance with Internal Procedures and informs clients and/or colleagues of any developments.

• Ensure that correspondence, documentation, statistic etc. are retained on paper and electronic files in accordance with BPM and divisional procedures to demonstrate a complete audit trail.

Compliance/Corporate Governance

• Legal, market, regulatory and Best Practice Manual requirements are met in all aspects of business acquisition, placing, claims and servicing.

• Hightechnical standards aremaintainedtoachieve quality, minimalrework and minimal E& 0 exposure.

• Maintain confidentiality in systems and procedures.

• Financial & document checks and subsequent approval process is handled in accordance with UIB'sAuthorised Signatory List.

• Review files to ensure that correspondence, documents, statistics etc 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 changes.

• Identifies and reports suspicious financial circumstances or transactions directly to UIB's Money Laundering Reporting Officer

General:

• At all times behave in a way that upholds and promotes the good name and reputation of UIB Group

• 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:

• Experience in the London and/or international Upstream Energy market preferably in broking and account servicing to large international corporations.

• Technical insurance to CertCll, or equivalent experience.

Knowledge and skills

• Market and industry structure and operation, including regulation and current market practice LLMIT, LM1 and LM2 or equivalent experience

• Sector specific risks and insurance products/solutions Slip drafting; Placing process

• Risk Analysis Negotiation

• Well-developed verbal and written communication Client servicing and account development

• IT literacy in Word, Outlook and Excel (Intermediate). TWINS: can enter and retrieve information Relationship management

• Planning and organising

• Time management and prioritisation

• UIB Products and Services