Account Executive (North American Direct & Facultative)

BMS Group; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Benefits offered by this job

27 days holiday

Private medical cover

Virtual 24hr GP

Gym subsidy

Retail discounts

Equity purchase

Defined contribution pension

Birthday leave

Job summary

BMS Group in London seeks an Account Executive to support U.S.-based clients in Real Estate, municipalities, manufacturing and food/agriculture sectors. You will coordinate risk placement, prepare documentation, and manage the risk life cycle with clients and underwriters.

You’ll need strong IT, organisational and communication skills, plus the ability to work to tight deadlines. This permanent role offers a competitive salary, bonus, hybrid working, and access to Your Rewards platform.

Qualifications

• Understanding of London Market insurance processes.
• Familiarity with slip and endorsement content.
• Excellent interpersonal and written communication skills.
• Excellent IT & organisational skills.
• Strong administration skills with initiative and ownership.
• Ability to meet tight deadlines with strong personal organisation.
• Anticipates problems in advance and provides contingencies.
• Proactive in delivering better or more efficient service.
• Clear communicator, team-oriented.

Responsibilities

• Coordinate placement of risks and produce documentation for placement and renewal.
• Demonstrate technical knowledge to Insureds, Retailers, Wholesalers and Underwriters.
• Ensure accounts are serviced efficiently and professionally.
• Create MRC slips, policy wordings and Underwriter submissions; maintain logs.
• Submit monthly bordereaux and XIS-related documents for signing.
• Maintain workflow, budgets, debit notes and policy wordings; support filing.
• Collaborate with Directors to identify opportunities for business development.
• Assist in designing complex program structures for risk transfer.
• Support regulatory compliance and Atlas annual checks.
• Maintain up-to-date knowledge of regulatory requirements and trends.
• Build client relationships via email, phone and in-person.

Skills

London Market processes

Slip & endorsements

Interpersonal communication

IT & organisation

Administration & initiative

Deadline-driven

Problem anticipation

Proactive service

Clear communication

Attention to detail

Company values alignment

Job description

About BMS

BMS is a dynamic, independent, global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong, local focus and understanding of market needs.

Our teams are respected globally for their specialist market knowledge, intelligent analysis and insight. Our people strive to be ‘the best in class’ and with an innovative approach and their entrepreneurial thinking, our clients truly benefit from better solutions to policy development and placement.

Summary of Position

This Account Executive role sits within our North American D&F team handling business for U.S. clients. The main focus will be providing support to US-based clients across Real Estate, municipalities, manufacturing and food/agriculture business. Our account mix is diverse and always changing, so will require an individual with flexibility and adaptability.

Key Responsibilities & Accountabilities

• Co-ordinate placement of risks, including production of documentation to assist placement and maintenance throughout the risk life cycle (underwriting submissions, market reform contracts, wordings, endorsements)
• Demonstrate excellent technical knowledge and ability to communicate this to various audiences (Insureds, Retailers, Wholesalers, Internal and Underwriters)
• Ensure accounts are serviced efficiently and professionally
• Creation of MRC slips, policy wordings and Underwriter submissions; deals with slip endorsements; maintains the certificate log; negotiates bespoke wordings to meet Clients’ needs
• Process and submit premium for monthly bordereaux to XIS; submits Open Market and Binding Authorities to XIS for signing and policy production; chases clients for outstanding premiums
• Monitors and maintains workflow, budgetary records, debit notes and policy wordings; operates a paperless filing system and strives to streamline processes
• Works with Directors to identify and qualify opportunities for business development
• Assists in design of complex program structures to provide innovative risk transfer alternatives as required
• Ensures excellent service and compliance using meticulous checking and organisation; processes annual compliance on Atlas
• Maintains up-to-date working knowledge of regulatory requirements (Contract Certainty, LMBS)
• Enables and encourages interaction and collaboration with other divisional units
• Build a relationship with clients via e‑mail, telephone and face‑to‑face dealing with Client, Underwriter and Market Representative queries
• Adhere to company and regulatory policies, procedures together with mandatory training requirements
• Adhere to financial reporting requirements including monthly phasing of income

What we’re looking for

• An understanding of London Market insurance processes
• Familiarity with slip and endorsement content
• Excellent interpersonal and written communication skills
• Excellent IT & organisational skills
• Strong administration skills with the ability to use own initiative, taking ownership
• Ability to perform effectively to tight deadlines with good personal organisation and time management skills
• Anticipates problems in advance and makes contingencies
• Proactive, always looking for ways of delivering a better or more efficient service
• Communicates clearly; effectively contributes to the team and interacts with others
• Excellent attention to detail and ability to plan meticulously
• Personally demonstrate the five BMS values and ensure that team members are aligned with these:
• We put clients first
• We work as one
• We find a way
• We sweat the details
• We take ownership

What’s in it for me?

This is a permanent role, offering a competitive salary and bonus, 27 days holiday, plus access to our personalised benefits platform, Your Rewards, including:

• comprehensive private medical cover for you and your dependents
• complimentary annual health checks
• access to a virtual 24hr GP
• gym subsidy & dedicated wellbeing support
• retail discounts
• opportunity to purchase equity
• defined contribution pension
• extra day’s leave to celebrate your birthday

Through our Diversity, Equality and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.’

As such, we have created our ‘BMS Together’ programme, with dedicated training, collaborative committees and intentional partnerships.

In support of our ESG vision, we offer two additional paid days each year to take part in charitable work. BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application.

Please let our team know if you require any adjustments to support you through the application process.