Facultative (FACS) Broker

Marsh McLennan; Alice; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Guy Carpenter in Sandton is seeking a talented Facultative Broker to join the Marsh Re team. This hybrid role requires three days in the office per week and offers hands-on broking across placement, pricing and client service.

You will prepare submissions, obtain quotes, negotiate terms with reinsurers, bind coverage and maintain relationships with cedents and markets. FAIS Compliant - RE 5 and at least five years’ broker experience are essential, with strong negotiation, analytical and

Qualifications

• FAIS Compliant - RE 5
• Minimum of 5 years of experience as a broker, particularly handling corporate and commercial business.
• Ability to thrive in a fast-paced environment with multiple priorities.
• Excellent negotiation, analytical and communication skills.
• A focus on customer service and key deliverables is essential.
• Be detail orientated, strong with time management and organization skills.
• Team player.

Responsibilities

• Prepare submissions to reinsurers and negotiate quotes/terms.
• Bind coverage and ensure accuracy of placement binders.
• Maintain relationships with practice, markets, clients and underwriters.
• Advise management on client issues or trends and develop solutions.
• Interface with cedents to support client retention and new business.
• Drive senior placement/technical support on assigned accounts.

Job description

Company:

Guy Carpenter

Description:

We are seeking a talented individual to join the Facultative department at Marsh Re. This role will be based in Sandton , hybrid and has a requirement of working at least three days a week in the office.

As a Facultative Broker within Marsh Re, you will use your knowledge of market practices, pricing and underwriting appetite to structure and place facultative reinsurance solutions that meet client needs. You will prepare and present submissions to reinsurers, obtain and negotiate quotes/terms, and work closely with advisors and client executives to evaluate options and secure the best outcome. This is a hands-on broking role suited to an experienced, proactive contributor who can manage placements end-to-end, work independently, support the wider team and collaborate effectively with stakeholders across the business.

We will count on you to:

• Uses significant risk expertise and knowledge of industry and carriers to develop placement solutions that meet client needs.

• Implements the Placement strategy to achieve growth goals and provide exceptional client service.

• Facilitates submission of coverage specifications and obtains quotes and present quotes to cedents.

• Binds coverage and is responsible for the accuracy of placement binders.

• Creates and maintains relationships with practice, reinsurance markets, client’s carriers and/or underwriters to provide cohesive client service.

• Advises on changing reinsurance and risk management market conditions and informs cedents of major developments affecting various types of products/coverage.

• Interfaces closely with cedents to support client retention and new business production.

• Drives senior placement/technical support activities on assigned accounts, such as ensuring procedural compliance, reviewing data and maintaining accurate placement system entries, to ensure contract execution as required.

• Advises management about client issues or trends through clear and concise communication and participates in development of solutions.

What you need to have:

• FAIS Compliant - RE 5

• Minimum of 5 years of experience as a broker, particularly handling corporate and commercial business.

• Ability to thrive in a fast-paced environment with multiple priorities.

• Excellent negotiation, analytical and communication skills.

• A focus on customer service and key deliverables is essential.

• Be detail orientated, strong with time management and organization skills.

• Team player.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh 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, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are also committed to providing reasonable support to any candidate with a disability to allow them to fully participate in the recruitment process. We welcome candidates to contact us at [e-mail] to discuss any specific needs.

Marsh 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 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.