Broker - Lockton Companies : Job Details

At Lockton, we're passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We're active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

Full-time

Standard

Hybrid

Brokers work with senior broking staff supporting revenue generation at Lockton Re through the placing of reinsurance contracts. Brokers are involved with multiple facets of reinsurance broking including developing client and market relationships, conducting industry research, training junior staff, RFP activity and executing on existing renewals. This is a chance to join a new and rapidly growing team within Lockton Re with great exposure to senior management and direct involvement in the sales process.

Broker Responsibilities:

• Assist 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, negotiate contract subjectivities and other open items (e.g. special acceptances).
• 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.
• Collaborate with Market Security to advise clients on reinsurers' financial condition.
• Liaise with the Compliance department where necessary to ensure adherence to company guidelines.
• Be accountable to Senior Broker(s) to provide excellent and timely service to clients.
• Monitor and summarize key industry developments, bank regulation updates, key economic indicators and other relevant industry news.

• Bachelor's degree required. Bachelor's or Graduate degree in business-related field preferred.
• 0-5 Years of insurance, broking, investment banking or other finance-related experience preferred.
• Excellent market research, analytical, communication, and presentation skills.
• Organizational and time management skills to prioritize workloads to meet time sensitive deadlines required.
• Demonstrated ability to protect confidential information.
• Demonstrated analytical and problem-solving skills, including research and investigation and provide solutions to standard and non-standard issues.
• Understanding of key factors/differentiators that prospective clients seek from their broker partner.
• Ability to analyze proposals/presentations from a client or prospect's perspective and create the best work project.
• Demonstrated interpersonal communication skills and ability to interact with Associates at all levels of responsibility to create a positive work environment.
• CFA Charterholder or progress toward the CFA designation is a plus.

Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what's right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.