Reinsurance Broker Intern: Rotational, Hands-On Learning

Lockton; New York (NY); On-site; USD 25,000 - 30,000; Full time

Job summary

Lockton Re offers Broker internships for this upcoming summer, exposing interns to client relations, technical service and project management in a hands-on rotational program. Candidates entering junior or senior year with a desire to learn and adapt will gain a thorough induction to our business and culture.

Interns will assist Brokers and Senior Brokers, prepare pre-renewal documents, track quotations and liaise with claims, accounting and contract teams to deliver best-in-class client service.

Qualifications

• Able and willing to learn new things – hardly anyone comes out of college knowing about reinsurance, so we’ll teach you if you are eager to learn
• Interested in building relationships - reinsurance is a relationship-driven industry and interacting with customers, reinsurers and colleagues in social settings is part of the job
• Numerically literate - you don’t have to be a math major, but you do need to be able to think and reason about numbers and do basic math
• Collaborative and team-oriented - insurance works because people work together; reinsurance broking is no different
• A good communicator, both verbally and in writing - telling a compelling story and conveying your ideas clearly is what reinsurance broking is all about
• Able to think creatively and demonstrate problem-solving skills - new challenges inevitably arise, especially in a new company. Doing the best we can for our customers requires resourcefulness, imagination, and determination
• Trusted with detailed tasks - details matter, so having a process for reviewing your work to find errors and noticing when something doesn’t look right help to build trust with colleagues, customers and reinsurance partners
• Adaptable to changing environments - as a start-up company that is growing fast, we are gaining new employees and customers daily, so things move quickly and are constantly changing
• Ability to work outside of normal business hours as needed

Responsibilities

• Participate in rotational program to learn the various reinsurance “basics”.
• Immerse yourselves in our Lockton Re culture.
• Assist Brokers and Senior Broker in the production, design, analysis and administration of reinsurance programs on behalf of client partners.
• Assist in preparing pre-renewal documents, underwriting submissions and organizing/tracking quotations.
• Assist in handling and maintaining files.
• Assist in liaising with the claims, accounting and contract departments to ensure consistent and best‑in‑class service standards.
• Assist in liaising with the Compliance department where necessary to ensure adherence to company guidelines.
• Develop and present long‑term project to the Broking team based on knowledge gained throughout the program.
• Be accountable to Brokers and Senior Broker(s) to provide excellent and timely service to clients.

Skills

Eagerness to learn

Relationship building

Numerical literacy

Team collaboration

Verbal and written communication

Creative problem solving

Attention to detail

Adaptability

Flexibility to work after hours

Job description

Lockton Re offers Broker internships for this upcoming summer, exposing interns to client relations, technical service and project management in a hands-on rotational program. Candidates entering junior or senior year with a desire to learn and adapt will gain a thorough induction to our business and culture.

Interns will assist Brokers and Senior Brokers, prepare pre-renewal documents, track quotations and liaise with claims, accounting and contract teams to deliver best-in-class client service.