Reinsurance Broker

2 weeks ago

Kuala Lumpur, Kuala Lumpur, Malaysia Challenge Group (Malaysia) Full time 60,000 - 120,000 per year

Company:
Challenge Group Inc, Malaysia

Position:
Reinsurance Broker (full time)

Location:
Kuala Lumpur office

A reinsurance brokerage company is looking for a qualified candidate to fill the position of Reinsurance Broker.

JOB DESCRIPTION

The functions and responsibilities of a
Reinsurance Broker
include but are not limited to the following:

i)     
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.

ii)    
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.

iii)   
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.

iv)   
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.

v)    
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.

Requirements:

-

Bachelor's Degree holder or above (Major in Insurance, Finance, Economics preferred)

  • 2+ years of relevant experience in an insurance/reinsurance industry

  • Good written & oral communication skills (Working language – English)

  • Working knowledge of Microsoft Excel, Power Point, Word, Outlook

  • Focused, organised and results-oriented

  • References from the previous employers

Salary and Benefits:

  • Competitive salary package and performance bonuses

  • Medical Insurance

  • Annual Leave, Marriage Leave, Childcare Leave, Compassionate Leave, etc.

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