Client Manager

BMS Group; Greater London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A global insurance broker in London is seeking a Client Manager for their newly created team focusing on Facultative and Treaty business. The role involves managing reinsurance contracts and ensuring adherence to regulatory requirements. Ideal candidates must have experience in client management and a strong knowledge of the insurance marketplace. The position offers hybrid working opportunities and comes with excellent benefits, including private medical cover and access to a virtual GP.

Benefits

Comprehensive private medical cover

Complimentary annual health checks

Access to a virtual 24hr GP

Critical illness cover

Gym subsidy

Retail discounts

Opportunity to purchase equity

Defined contribution pension

Qualifications

• Experience in client management within a broking house or insurer.
• Knowledge of the reinsurance contracts and regulatory requirements.
• Ability to manage risks and document processes effectively.

Responsibilities

• Facilitate the production and placement of reinsurance contracts.
• Manage designated risks and documentation throughout the risk life cycle.
• Enhance knowledge of the insurance marketplace and trends.

Skills

Client management experience

Knowledge of Treaty or Facultative market

Communication skills

Ability to build relationships

Regulatory knowledge

Job description

Position Title

Client Manager

Location

London

Summary of Position

BMS are looking to recruit a Client Manager, Facultative and Treaty Practice to join the newly created team in London. The team works on a range of classes across Facultative and Treaty business, including Property, Cargo and Marine. This role is based in London with the opportunity to work from home in a hybrid fashion. Find out what it’s like to work at BMS here.

About BMS

BMS is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk. 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. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.

About the Department

BMS Re are looking to build out the Client Management team who work alongside the brokers from both sides and all lines of business. BMS Reincorporates Facultative, Treaty and Capital Advisory and the role offers a unique environment to work alongside all three in a close and effective manner. A newly formed team with significant growth plans is an exciting place to work and offers any candidate the opportunity to excel in their strengths and develop new skills.

Skills and Capabilities

• To facilitate the Production and placement of reinsurance contracts in accordance with the client’s requests, in accordance with regulatory requirements.
• Manage placement of designated risks, including production of documentation to assist placement and maintenance throughout the risk life cycle (Underwriting Submissions, market Reform Contracts, Wordings, Endorsements)
• Maintain and enhance knowledge of the insurance marketplace, trends and cycles in order to capitalise on market opportunities.
• Develops and manages relationships with market representatives i.e. Underwriters, other Brokers
• Review and analyse client needs to determine appropriate product and desired terms and conditions for insurance/reinsurance coverage
• Develop data and submission documentation for underwriters.
• Ensure that accounts are serviced efficiently and professionally.
• Demonstrate excellent technical knowledge and ability to communicate this to various audiences.
• Maintain up-to-date working knowledge of regulatory requirements.
• Report breaches, errors and omissions, disputes and complaints
• Adhere to company and regulatory policies, procedures together with mandatory training requirements.

Functional & Behavioural Competencies required

• Previous client management experience within either a broking house or insurer is essential.
• Demonstrable knowledge of the Treaty or Facultative market
• Experience with global programmes is preferred.
• Personally demonstrate the five BMS values and ensure that team members are aligned with these:
  • Accountable
  • Entrepreneurial
  • Collaborative
  • Empowering
  • Disciplined

What's in it for me

• comprehensive private medical cover for you and your dependents
• complimentary annual health checks
• access to a virtual 24hr GP
• critical illness cover
• gym subsidy & dedicated wellbeing support
• retail discounts
• opportunity to purchase equity
• defined contribution pension

Through our Diversity, Equity 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.