Analyst II Broking

Marsh McLennan; Dubai; Hybrid; AED 60,000 - 100,000; Full time

Job summary

A global risk advisory firm in Dubai seeks an experienced professional in Broking. You will analyze risks, assist with client queries, and negotiate with reinsurers, contributing to client placements and facilitating operational plans. Strong relationship management and communication skills are essential. The role offers a competitive salary with comprehensive benefits in a collaborative work environment, aiming for innovation and excellence.

Benefits

Competitive salary

Comprehensive benefits programs

Private health insurance

Employee assistance program

Qualifications

• Ability to prioritize workload effectively.
• A good team player who is flexible.
• Self-starter with a track record of seamless execution.

Responsibilities

• Analyse risks and assist with developing solutions for client needs.
• Assist with responding to client queries and concerns.
• Negotiate with reinsurers during quotation/placement process.

Skills

Experience working in highly regulated environments

Ability to build and manage strong relationships

Effective communication and influencing skills

Good understanding of reinsurance placements

Desire to succeed in a demanding environment

Ability to learn quickly

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Description

The position is for an established and productive professional in Broking who works independently. He or she supports the development of solutions for client needs, responds to client and market queries and provides support to the placing brokers with their responsibilities. The role will involve interaction with senior stakeholders within the IMEA business. This is your opportunity to support the growth of the region at Guy Carpenter.

What can you expect

You will be responsible for supporting the successful placement and servicing of a number of clients across the Region. You will work closely with placing brokers developing and implementing operational plans and procedures in line with established standards and regulatory requirements. You will work closely with colleagues based in other regions across the IMEA region to ensure that placements data and processes meet business and client needs.

What you will be rewarded with

A competitive salary and comprehensive benefits programs including excellent pension contributions, private health insurance, employee assistance program, career mobility, employee network groups, volunteer opportunities and other programs.

We will rely on you to:

• Analyse risks and assist with developing solutions for clients needs.
• Assist with responding to client queries and concerns, resolving issues promptly to maintain client satisfaction.
• Production of placement slips to the current MRC standard and to be familiar with latest market trends.
• Production of comprehensive underwriting presentations for both new and existing Clients.
• Negotiate with reinsurers during quotation/placement process including receiving and monitoring technical questions from underwriters and advising clients as to responses.
• Extensive data review cleansing and manipulation for client and renewal presentations including liaison with clients regarding the interpretation/assessment of such data.
• Assist Brokers on client assignments and placements be accountable for all aspects of service and support for the client.
• Mentor junior team members to enhance their capabilities and expand on their knowledge of reinsurance.
• Update management on issues progress etc. regularly and upon request to ensure high quality client service.
• Maintain strong relationships with clients, colleagues and reinsurance companies to efficiently communicate client demands and requests internally.
• Manage a strong collaborative relationship with internal and external stakeholders including accounting and settlement broking and operational colleagues to ensure alignment of initiatives.
• Monitor accounts (payments collections etc.) anticipating and preventing problems when possible.
• Continue to build on the Guy Carpenter Excellence framework ensuring all processes and tools are aligned and comply with Professional Standards and governance requirements.

What you need to have:

• Experience working in highly regulated environments.
• Ability to build and manage strong relationships with internal stakeholders throughout all levels of the organization.
• Effective communication and influencing skills.
• Ability to prioritise workload effectively.
• Good understanding of reinsurance placements for proportional and excess of loss.
• A good team player who is flexible in assisting colleagues wherever required.
• Desire to succeed in a demanding innovative and entrepreneurial environment.
• Self-starter with a track record of seamless execution.
• Highly organised and comfortable with creating structure presentations and workflows.
• Ability to learn quickly and maintain a high-performance level in a fast-paced high-volume environment.

What makes you stand out:

• Reinsurance knowledge of technical/functional reinsurance concepts and experience is required.
• Evidence of innovating and driving ongoing process improvements.
• PC literate including Word Excel (Intermediate to Advanced) and PowerPoint.

Company Background

At Guy Carpenter you can be your best. We work on challenges that matter with colleagues who help bring out our best. Our uniquely collaborative environment will empower you to focus on your personal and professional success learning from top specialists in the (re)insurance industry and leading you towards a rewarding and impactful career. Guy Carpenter a business of Marsh McLennan (NYSE: MMC) is a leading global risk advisory and reinsurance specialist and broker. Marsh McLennan is a global leader in risk strategy and people advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $24 billion and more than 90 000 colleagues Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information visit or follow on LinkedIn and X. Marsh McLennan is committed to embracing a diverse inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, skin colour or any other characteristic protected by applicable law. Marsh McLennan is committed to hybrid work which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one anchor day per week on which their full team will be together in person.

Required Experience

IC