Reinsurance Placement Assistant, BSS

Company:

Description:

The Reinsurance Placement Assistant, BSS colleague is responsible for coordinating all placement support activities of the account while personally contributing to the creation, review and assessment of data, related exhibits, and light analysis.  Provides support to all account team members onsite and/or remotely on assigned accounts.

What can you expect?

• The Reinsurance Placement Assistant, Broking Support Services is responsible for coordinating all placement support activities of the account while personally contributing to the creation, review and assessment of data, related exhibits, and light analysis.  Provides support to all account team members either onsite and/or remotely on assigned accounts.

• This role prompts and monitors key activities and tasks throughout the reinsurance placement in order to promote complete and timely compliance with quality and regulatory- driven processes and procedures in accordance with published guidelines.

• Liaise with others internally to facilitate efficient and effective pre-placement, placement and post-placement activities and services to Brokers and Clients.

What is in it for you?

• A company with a strong Brand and strong results to match

• Culture of internal mobility, collaboration and valued partnership with HR from the business

• Competitive pay, full benefits package – starting day one (medical, dental, vision, STD/LTD, life insurance, generous 401k match AND automatic contribution

• Generous paid time off for vacation, sick, company holidays and time to give back to your community

• Employee Resource Groups, which provide access to leaders, relevant volunteer and mentoring opportunities and interactions with counterparts in industry groups and client organizations

We will count on you to:

• Review client data submitted during the placement/renewal process and update annual renewal exhibits as requested, offering relevant analysis of trends and potential data issues.

• Set up / renew program, create submission, select approved markets, send submissions, download quotes, send FOTs, download authorizations/declinations, send signed lines, finalize in GCMP making sure all information is accurately reflected.

• Track placement status of assigned accounts. Follow-up with broker for updates and information as necessary.

• Communicate with client and/or markets during the placement process as requested.

• Using Company templates and disclaimers, when applicable, draft and secure broker sign off of the initial request for renewal information, marketing list, placement process updates, final binding of the reinsurance program and post- placement client books/communications, as requested.

• Provide the broker with assistance including researching financial statements, product lines, geographic exposures, and current reinsurance program information using available resources as required.

• Interface with other Departments to provide client data to be used for modeling, research claim or premium issues and facilitate contract wording negotiation flow as necessary.

• Review, package and transmit contract documents to Reinsurers according to procedure, upon instructions from Contract Analyst/Associate.

• Assist Contract drafters by having primary responsibility for obtaining properly signed contract documents from reinsurers and aggressively pursuing by phone, e-mail, letter, etc., until all executed documents have been received. Escalate in accordance with procedure and input contract status data on the document tracking system as required.

• Provide status reports according to procedure and upon request.

• Scan/upload and name all contract documents as received from reinsurers, Clients and/or Analysts/Associates and transmit completed signatures.

• Utilize Contracts Dashboard and/other legacy tracking tools to manage contract performance.

• Assist with scheduling of reinsurer audits and visits with client, attending if requested.

Business Knowledge

• Maintain broad understanding of the environment in which the client operates and the marketplace in which the transactions that Guy Carpenter handles take place.

• Using the Market Re