Description:
The Regional FINPRO team based in DIFC consists of a diverse group of professionals who are responsible for the development, placement, and servicing of FINPRO business across the MENA region. This team works closely with colleagues from Marsh's regional organization, its extensive retail network, and other global FINPRO hubs to provide specialized client servicing capabilities, innovative product solutions, and access to local and regional markets.
As a Senior FINPRO Broker, your role will involve advising and placing a client's risk within the (re)insurance and risk marketplace. Your objective will be to retain existing business and establish a network for new opportunities in order to meet our ambitious growth targets. This position requires a strong technical knowledge, exceptional negotiation skills to secure the best terms, conditions, coverage, and pricing from the reinsurance market, as well as excellent communication skills to collaborate with our network and present our offerings and recommendations to clients and prospects.
We will rely on you to:
- Foster a robust collaboration with retail teams throughout MENA and Turkiye, focusing on both renewals and new business opportunities.
- Offer strategic input during the sales and planning process to enhance decision-making and drive successful outcomes.
- Gather comprehensive risk information and understand the specific coverage requirements for each client.
- Present terms and conduct comparative analysis to clients and colleagues involved in client-facing roles.
- Take ownership of executing the placement strategy, ensuring the timely placement of risks with the selected reinsurers while managing client expectations.
- Prepare and provide final closing documentation to complete the placement process efficiently.
- Proactively identify and pursue sales opportunities to expand the FINPRO portfolio, collaborating closely with regional and global teams, and exploring cross-selling initiatives.
- Place a specific focus on Fac Re (Facultative Reinsurance) opportunities from Turkiye, CIS, and other regions.
- Recognize the demand for new products and take the lead in developing innovative solutions to meet the unique needs of clients.
- Coordinate and mobilize organizational resources effectively to ensure the successful completion of sales.
- Provide expert consultation to management, practice, and retail teams on complex client issues or claims, developing clear and concise communication strategies, and driving the development of solutions to deliver excellent client service.
What you need to have:
- Relevant college/university degree preferable but not essential
- Minimum of 8 years of experience in the insurance/reinsurance industry, preferably in broking. Possesses a high level of technical knowledge in reinsurance of Financial and Professional Lines products, including Directors and Officers Liability, Professional Indemnity, Commercial Crime, Bankers Blanket Bond, and Specie products.
- Proficient in reading and analyzing financial statements.
- Demonstrates a growth mindset with a strong focus on sales.
- Exhibits strong work ethics and a commitment to professional integrity.
- Excellent communication and interpersonal skills.
- Demonstrates strong analytical thinking abilities.
- Possesses effective negotiation skills.
- No travel restrictions within the region and globally.
- Fluent in English, both verbally and in written communication
What makes you stand out:
- Minimum of 5 years of experience in Financial and Professional Lines broking within a multinational company.
- Possesses a diverse background that enables a comprehensive understanding of clients' needs beyond the FINPRO perspective.
- Demonstrated experience in client management.
- Exposure to the UAE/DIFC Financial Lines market.
- Access to global markets.
- Proficiency in communicating in Arabic, Turkish, or French, both verbally and in written communication.