Reinsurance Associate (Philadelphia)

Human Resources

New Reinsurance Associate hires will be exposed to multiple facets of the reinsurance industry, including client relations, technical service and project management. The onboarding experience is very "hands-on" and will give candidates a thorough induction to the business.

Successful candidates will demonstrate an eagerness to learn, a willingness to communicate and an adaptability to changing environments.

Reinsurance Associate Responsibilities :

• Assist and accountable to Broker and Senior Broker(s) in the production, design, analysis and administration of reinsurance programs on behalf of client partners.
• Prepare submissions, obtain quotations, and represent our client partners in the reinsurance marketplace.
• Handle and maintain files, follow-up on contract subjectivities and other open items.
• Build relationships with respective client and carrier associates to provide excellent service.
• Liaise with clients and reinsurance markets for day-to-day account inquiries.
• Liaise with the claims, accounting, and contract departments to ensure consistent and best-in-class service standards.
• Become proficient in the basic coverages of Property or Casualty classes of business.
• Attend client events and forums to represent Lockton Re.
• Actively contribute to process efficiency and improvement; consistently find ways to become more efficient.
• Able and willing to learn new things hardly anyone comes out of college knowing about reinsurance, so well teach you, but you must be eager to learn.
• Numerically literate - you dont 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.
• 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.
• Trusted with detailed tasks - details matter, so having a process for reviewing your work to find mistakes and noticing when something doesnt 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.