Client Executive (Specialty Lines) needed at Marsh McLennan

• In this role, you will have the opportunity to package bespoke insurance solutions, new business development and other technical underwriting responsibilities in Nigeria.

What you will be rewarded with:

• An international well-established company with a strong brand and strong results to match;
• Attractive benefits coverage, outstanding learning and mentoring programs, and internal mobility opportunities;
• Opportunity to make the difference and work on both local & regional projects;
• Stable employment and hybrid working model (3 compulsory days on-site);

We will rely on you to:

Technical Underwriting/Broking

• Responsible for the advice and placement of a client’s risk. Independently handles clients assignment on difficult risk exposures, or highest potential liability.
• Negotiates with insurance & risk markets to obtain best terms, conditions, coverage and pricing for a client per Risk Practice guidelines.
• Responsible for providing technical advice, product expertise and comprehensive review of client’s risk
• Designs placement strategy to negotiate best terms, conditions, coverage and pricing for client.
• Responsible for making recommendations to client based on multiple options.
• Work with other members of the team as resource on Power and Construction Sector risks.

Claims Handling

• Registration of Claims, on the Eurosys platform and on the physical Branch register.
• Notification to the insurers on reported Claims that fall within the policy(s).
• Ensure that on-the-spot assessments of claims is carried out by the insurers.
• Follow up with clients on supporting documents and insurers for settlement offers and review acceptability of offer or otherwise with clients.
• Accompany Claims team members on visits to Clients and insurer as and when required.
• Follow up for settlement of claims with the Insurers.

Business Development

• Actively execute sales efforts to achieve the New Business budget and implement a sustainable and ethical growth strategy for the construction and energy book of business, including new and cross-selling opportunities.
• Manage approaches to major prospects, deliver new business projects, and increase profitability in line with the Company’s strategic plan.
• Work to grow the company’s book of business of Power and Construction sector clients by initiating and cultivating relationships with prospects that meet the firm’s qualification criteria.

Audit and Review

• Compliance with Company’s Technical Broking Manual &AML/CFT Compliance Programme
• Continuous review of risk transfer arrangements existing and new portfolio’s particularly when the cover changes, including internal review and audit of Insurances placements.
• Contribute to and participate in the Group audit program for risk products.
• Developing and Maintaining Audit programme to ensure compliance and adherence to correct Company procedure.

Financial Management

• Calculate premium and issuance of premium demand note and/or processing return premiums. Additionally, credit control, and ensure prompt settlement of premium by clients.
• Constantly reviewing and managing Clients statements/ledgers to ensure that all the payments are reconciled.

What you need to have:

• Associate Chartered Institute of Insurance (ACII)
• Experience in Business Development
• Experience in insurance broking for a minimum of 10 years
• Experience in building and managing client relationships.
• Exceptional communication skills.
• Analytical Thinking and Attention to Detail.
• Proficiency in MS office tools.