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Associate Broker

4 months ago

New York, United States BMS Re Full time

About BMS
BMS Group is a dynamic, independent global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.
As a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia, BMS Group maintains a strong local focus and understanding of market needs. Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.
This position will work for BMS Re, the specialist reinsurance arm of BMS Group. BMS Re is reshaping reinsurance by aligning interests with our clients and enhancing their success with advice and delivery models that service their unique needs. BMS Re has a proven ability to execute in reinsurance and capital markets worldwide.
Find out what it's like to work at BMS Re by clicking here.

**Position Overview**:

- Responsible for supporting the origination team through servicing new business opportunities at various stages in the pipeline as well as assigned internal and external clients. Work directly with Origination leaders on operational projects designed to increase revenue, sales productivity, and operational efficiency. Liaise with Marketing, Reinsurance broking and specialty teams.

**Essential Responsibilities**:

- Work directly with Origination leaders on operational projects designed to increase revenue, sales productivity, and operational efficiency. Liaise with Marketing, Reinsurance broking and specialty teams.
- Support Origination team in pursuing and realizing new business opportunities. Participate in RFPs.
- Prepare sales leaders for prospect meetings and calls; Provide materials, ad-hoc and repeatable business analytics to arm sales team with critical data and insights; Own and manage prospect list
- Implementing and manage CRM tools to maximize opportunities and client relationships
- Provide ongoing support and training for sales tools
- Assist in managing prospects accounts or portions of prospective opportunities (i.e., handle underwriting preparation, perform fact-finding procedures, may have some prospect interface, and assist with placement with reinsurers, etc.)
- Help prepare reinsurance submissions/underwriting narratives with direction from client or prospect; review large data sets, analyze, and look for trends to organize discussions, submissions and provide the best possible output to prospects and clients
- Ensure compliance with BMS quality standards before, during, and after placement process; responsible for quality control of all work produced on assigned accounts and proper Hub filling
- Accurately prepare memos and letters to reinsurers/clients/prospects for their signature, as well as other required signatures
- Assist with the preparation and finalization of contract wording, working closely with the Contract Wordings team and client relationship manager; accountable for verifying that all Slips/Cover Notes or Summary of Terms and Contract Wordings have been fully executed
- At the completion of placements, assist in the drafting of Post-Placement Memos, Brokerage Estimate Exhibits and Market Sheets for final sign-off of client relationship manager
- Prepare experience exhibits throughout the year with assistance from the Accounting and Claims team
- Perform special projects and other miscellaneous duties as assigned by the relationship manager or others

**Required Education, Experience and Skills**:

- BS/BA degree from an accredited college or university
- Ability and willingness to build effective and constructive relationships with external clients and contacts
- Accountable to build and maintain effective teamwork, communication and interpersonal relationships with all BMS team members
- Ability to effectively and efficiently organize and analyze large amounts of data
- Ability to view situations from the perspective of the client in order to anticipate and meet the client’s needs
- Excellent written and verbal communication skills
- Proactive in demonstrating use of own initiative
- Strong organization and time management abilities; accurately scopes out length and difficulty of tasks and projects; sets objectives and goals to meet deadlines; uses proper channels and resources
- Basic knowledge of how strategies and tactics work in insurance and reinsurance; knowledgeable in current and possible future policies, practices, trends, technology, and information affecting the insurance and reinsurance markets and clients
- Strong ability to effectively use the Microsoft suite of products, particularly Excel
- Ability to learn quickly and effectively incorporate new concepts and practices; flexible and open to change
- High level of accuracy and attention to detail

What’s in it for me?

This role o