Client Executive (Specialty Lines) Job at Marsh McLennan

Marsh McLennan is the world’s leading insurance broker and risk adviser. With more than 45,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.

We are recruiting to fill the position below:

Job Position: Client Executive (Specialty Lines)

Job ID.: R_259843
Job Location: Abuja
Employment Type: Full-time
Department: Client Management & Sales

Position Overview

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

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
• Exceptional communication skills.
• Analytical Thinking and Attention to Detail.
• Experience in insurance broking for a minimum of 10 years
• Experience in building and managing client relationships.
• Proficiency in MS office tools.

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).