Associate Broker (Summer 2023) - Multiple Locations (entry level)
San Francisco, CA, USA
Job Description
Posted Friday, September 8, 2023 at 5:00 AM
BMS is an innovative independent specialist that provides comprehensive solutions for reinsurance, wholesale and direct insurance. We are reshaping Reinsurance through BMS Re by aligning our interests with our clients and enhancing their success by delivering solutions and advice that serve their unique needs. For more information on BMS, visit us at https://www.bmsgroup.com or follow us on LinkedIn and Twitter.
This role is open in multiple locations.
Our Associate Brokers are a key member of our reinsurance broker client teams.
Our team is highly experienced and respected in the market. We value our strong personal relationships with our clients and contacts which – together with our entrepreneurial flair – enable us to consistently get the best solutions for our clients.
Responsibilities
- Assist in managing client portfolios and accounts (i.e., handle underwriting preparation, may have client interface, and assist with placement with reinsurers, etc.)
- Lead bi-weekly discussion with the team to address status updates, pain points, or any other significant topics related to ongoing projects.
- Help prepare reinsurance submissions/underwriting narratives with direction from client relationship manager; review large data sets, and with the help of other brokers, analyze, and look for trends to organize submissions and provide the best possible output to clients.
- Ensure compliance with BMS quality standards before, during, and after placement process; responsible for quality control of all work produced on assigned accounts and proper Hub filling.
- Accurately prepare memos and letters to reinsurers/clients for their signature, as well as other required signatures.
- Assist with the preparation and finalization of contract wording, working closely with the Contract Wordings team and client relationship manager; accountable for verifying that all Slips/Cover Notes or Summary of Terms and Contract Wordings have been fully executed.
- At the completion of placements, assist in the drafting of Post-Placement Memos, Brokerage Estimate Exhibits and Market Sheets for final sign-off of client relationship manager.
- Maintain files - Complete necessary forms; document conversations via telephone, e-mail, or other electronic means; perform copy work for files, keep files up to date, etc.
- Perform special projects and other miscellaneous duties as assigned by the client relationship manager or others.
Required Education, Experience and Skills:
- 0 – 2 years of work experience.
- Capability to learn about and comprehend information about insurance and reinsurance products with the ability to appropriately apply knowledge while performing day-to-day responsibilities.
- Ability and willingness to build effective and constructive relationships with external clients and contacts.
- Accountable to build and maintain effective teamwork, communication and interpersonal relationships with all BMS team members.
- Excellent written and verbal communication skills.
- Strong organization and time management abilities; accurately scopes out length and difficulty of tasks and projects; sets objectives and goals to meet deadlines; uses proper channels and resources.
- Basic knowledge of how strategies and tactics work in insurance and reinsurance; knowledgeable in current and possible future policies, practices, trends, technology, and information affecting the insurance and reinsurance markets and clients.
- Strong ability to effectively use the Microsoft suite of products, particularly Excel.
- Ability to learn quickly and effectively incorporate new concepts and practices; flexible and open to change.
- High level of accuracy and attention to detail.
- You are resilient and the idea of rejection doesn’t scare you; you’re the type of person who is motivated by a challenge and is willing to roll with the punches.
You don't need to match every listed requirement to apply for a position. We're looking for diverse perspectives and encourage applicants from a wide range of backgrounds with a variety of life experiences. We do not discriminate on the basis of race, religion, color, gender expression or identity, sexual orientation, national origin, citizenship, age, marital status, veteran status, disability status, or any other characteristic protected by law.
Benefits
This role offers a competitive salary and exceptional benefits, including the following offerings:
- comprehensive medical and dental plan options for you and your dependents.
- vision, short-and long-term disability and life insurance options.
- 401(k) with company match.
- employer funded health saving accounts.
- identity theft and legal services.
- fitness and wellness reimbursement.
- generous leave policies, including parental leave.
- paid holidays, volunteer days and your birthday off!
- opportunity to purchase equity.
The annual base salary range provided for this position is a nationwide marker range and represents a broad range of salaries for this role across the country. The actual salary advanced to the desired candidate will be based on a number of factors, including geographic location and the skills, education, training, credentials, and experience of the desired candidate.
Employment Practices
BMS is an Equal Opportunity Employer. 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’ program, with dedicated training, collaborative committees and intentional partnerships.
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.
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