Account Executive Construction

Salary to £60,000
City based office - WFH Flexibility
Permanent Contact
Purpose:
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.

Responsibility Overview:
·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 goal
·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
·Develops and maintains Market Relationships to permit the widest placing opportunities
·Produce and analyse premium/brokerage/claims/renewal and other statistics as may be required by line manager.

Client Management:
Identifies and manages client requirements in accordance 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 the company Client Service Charter are met at all time
No justified client complaints over provision of service

Desirable experience:
London and international market experience preferably in broking, Account servicing to large international corporations; technical insurance.

Knowledge and skills
Market and industry structure and operation, including regulation and current market practice
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
Placing process

REF 7892

MW Appointments is acting as an Employment Agency in relation to this vacancy.