Client Manager, Treaty Reinsurance

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

Job summary

A global insurance brokerage is seeking a Client Manager, Treaty to join their Client Management team in London. The role includes managing reinsurance contracts and building relationships with market representatives. This position offers a competitive salary, 27 days holiday, and a benefits platform including private medical cover and a pension scheme, with hybrid working options available.

Benefits

Competitive salary

27 days holiday

Private medical cover

Annual health checks

Gym subsidy

Retail discounts

Defined contribution pension

Equity purchase opportunity

Qualifications

• Previous client management experience within a broking house or insurer.
• Property and Specialty reinsurance experience essential.
• Demonstrable knowledge of the Treaty market.

Responsibilities

• Facilitate production and placement of reinsurance contracts.
• Manage placement of designated risks throughout the risk life cycle.
• Develop and maintains relationships with market representatives.

Skills

Client management experience

Knowledge of Treaty market

Insurance marketplace knowledge

Excellent communication skills

Relationship management

Job description

Position Title: Client Manager, Treaty

Reports to: Head of Client Management

Location: London

About the role

BMS who are looking to recruit a Client Manager, Treaty to join the Client Management team in London.

The team works on a range of classes including Non-Marine Retro, Specialty, Marine and Energy business.

They are a global brand with offices located across the UK, US, Canada, Europe and Asia and are the independent broker of choice.

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 for a Client Manager for the Treaty team, who will work alongside the brokers and clients. BMS Re incorporates Facultative and Treaty units, with the role offering to work alongside both teams 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 clients’ requests, in accordance with regulatory requirements.
• Review and analyse client needs to determine appropriate product and desired terms and conditions for (re)insurance coverage.
• Manage placement of designated risks, including production of documentation to assist placement and maintenance throughout the risk life cycle (MRCs, Wordings, Endorsements).
• Develops and manages relationships with market representatives i.e. Underwriters, Brokers, Lloyd’s, Xchanging.
• Ensure that accounts are serviced efficiently and professionally.
• Demonstrate excellent technical knowledge and ability to communicate this to various audiences.
• Maintain and enhance knowledge of the insurance marketplace, trends and cycles in order to capitalise on market opportunities.
• 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

• Previous client management experience within either a broking house or insurer is essential.
• Property and Specialty reinsurance experience essential.
• Wider experience with MGAs, Binders, Consortia would be preferred.
• Demonstrable knowledge of the Treaty market

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?

This role offers 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
• 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.