About the job
A financial holding company, Chedid Capital is a leading investment group in the insurance and reinsurance fields. The Group operates across Europe, Middle East, Africa and South Asia. The Company plays a role in the forefront of the industry, being part of one of the top 20 Reinsurance Brokers in the world.
Chedid Capital is looking for a Broker in the Energy Department. The role focuses on performing everyday fundamental general brokerage activities under close supervision, as well as promoting Chedid Re services.
Joining our 1600 dynamic team member, spread among 64 subsidiaries worldwide, offers you endless growing opportunities.
Responsibilities
- Implement related policies and procedures.
- Implement activities in specific areas under close supervision.
- Update on a continuous basis the General Brokerage database for maintenance and monitoring purposes.
- Organize, file and archive records for maintenance and retrieval purposes.
- Perform data entry of new offer details, contracts or finalized accounts for reporting, reference and tracking purposes.
- Assist in developing and maintaining a list of reference accounts by type of risk with standard conditions and clauses for benchmarking purposes.
- Assist in re-canvassing markets on renewals for broader/better support and terms.
- Assist in identifying potential reinsurance markets for types of risks on hand in order to provide satisfy insurers requirements.
- Assist in communicating with targeted reinsurers for obtaining binding agreements.
- Assist in binding reinsurers upon firm order ensuring maximum share and obtain signed slips.
- Negotiate with reinsurers in order to obtain maximum commission fees, competitive terms and conditions across all businesses.
- Assist in preparing renewal notices/information requests to be delivered to markets in a timely manner.
- Promote Chedid Re services for business development purposes.
- Coordinate with insurers to gather information for small contracts and analyze needs.
- Screen received submissions from cedants and request missing information and documents.
- Assist in reviewing and analyzing new submissions received from cedants in order to detect discrepancies and/or missing information.
- Assist in obtaining market intelligence on specific submissions to provide accurate data and information.
- Assist in preparing proposal components to cedants (pricing, terms and conditions, etc.) for small accounts.
- Assist in preparing underwriting information needed for reinsurers for decision-making purposes.
- Assist in following-up and obtaining quotes from markets and block market capacity.
- Forward support/quotes to cedants in alignment with agreement.
- Assist in preparing Chedid Re reinsurance slip as per internal procedures.
- Follow-up with cedants and markets to ensure high chances of securing the firm order.
- Confirm to cedants cover bound and issue binding slips for placement purposes.
- Review signed slips in order to ensure conformity with final accepted offers.
- Ensure the physical file is complete and up to date.
- Coordinate internally in order to attend to requests, finalize files and resolve issues.
- Follow-up on premium payment terms in order to ensure extensions are granted and avoid cancelations.
- Perform compliance checks and report identified issues for resolution.
- Adhere to client needs on mid-term changes or endorsements.
- Perform any other duties as requested.
Requirements
- Bachelor’s degree in chemical or mechanical engineering.
- Insurance/Reinsurance products & practices awareness.
- Customer Service Oriented, with strong analytical thinking & Negotiation skills.
- Fluent in English
- Fluent in French
Job Category: Reinsurance
Job Location: Beirut
Company: Chedid Re