National Multiperil Placement Broker

WTW; Johannesburg; Hybrid; ZAR 500,000 - 800,000; Full time

Job summary

A leading global advisory firm is seeking an experienced insurance broker in Johannesburg to provide placement service delivery. The role requires 5-10 years' experience in the insurance industry, excellent negotiation and communication skills, and the ability to work independently. This position supports a hybrid working style after an initial onboarding period.

Qualifications

• 5-10 years’ experience in the insurance industry, preferably in a broker role.
• Ability to work independently and use initiative.
• Accuracy and attention to detail are essential.

Responsibilities

• Ensure adherence to Group Policies and Procedures.
• Maintain diary system for renewal and problem resolution information.
• Understand client’s requirements and negotiate deals with the market.

Skills

Attention to detail

Team player

Time management

Communication skills

Problem-solving

Education

Grade 12 (matric)

FSB recognised post matric qualification (NQF 4 or higher)

Regulatory Exam (RE 5)

Tools

Microsoft Office

TIAL

Job description

Overview of Business

We know how companies can unlock potential through effective risk management. Our clients rely on us to craft strategies to quantify, mitigate, and transfer risk, taking Advantage of our specialist industry experience and unparalleled market know-how. The result is a new way of embracing risk that drives superior results.

Overview of Position

The focus for this role is to work closely with Account Executives located in Willis offices across South Africa to provide effective and efficient placement service delivery to existing clients and prospects of Willis.

Role objectives

• Ensure adherence to Group Policies and Procedures including:
• Third Party Producer requests, Sanctions approvals, New Client Checklists;
• Placing file checklists;
• Ensure Compliance with Local Procedures and External Compliance Regulations
• Maintain diary system for renewal and problem resolution information
• Produce and ensure accuracy of Renewal Information Schedules, Acceptance Slips / Policy Wordings, and Renewal Premium Comparison Schedules
• Identify appropriate markets
• Ensure that Acceptance Slips are sent to and negotiated with market
• Interact with Willis Offices for overseas placements (where applicable)
• Ensure that firm order has been received from Account Executive before finalising placement with the market
• Place Policies accordingly (including SASRIA where necessary)
• Capture policies on the TIAL policy management system
• Ensure that the invoices are captured correctly on TIAL or the financial system
• Ensure that the WTW or insurer-issued Policy Documents have been received, checked and provided to the Account Executive within 30 days of inception / renewal
• Accompany Account Executive to client meetings when required
• Understand and discuss client’s requirements with the market, negotiate risks accordingly and obtain the best deal / quote, plus alternatives (risk covered and premium) from the market
• Maintain and develop market/underwriting relationships through excellent verbal and written communication with the market at all stages in the placement process
• Contribute to process improvements and effective utilisation of systems.

Requirements

• Grade 12 (matric)
• 5 - 10 years’ experience in the insurance industry, preferably in a broker role
• FSB recognised post matric qualification (NQF 4 or higher)
• Regulatory Exam (RE 5)
• Accuracy and attention to detail
• Use Initiative
• Team player
• Deadline driven
• Quality orientated
• Good planning and time management skills
• Ability to work independently
• Computer Literate in Microsoft Office (Excel, Word, PowerPoint and Outlook)
• Working knowledge of TIAL an advantage
• Sound technical knowledge of multiperil products
• Working knowledge of assets all risks and specialist products
• Must always be professional and able to interact effectively with all Stakeholders

We support role-appropriate working styles, and this role will be considered on a hybrid basis, subject to an initial 3-month onboarding period

We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email [e-mail].