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Lockton · 2 weeks ago

Reinsurance Associate (Philadelphia)

Philadelphia, PA

Full-time

Onsite

New Grad, Entry Level

Lockton is a company that specializes in reinsurance services, and they are seeking a Reinsurance Associate to join their team. The role involves assisting brokers in managing reinsurance programs, preparing submissions, and maintaining client relationships while ensuring excellent service standards.

Auto InsuranceInsuranceRisk Management

Responsibilities

Assist and accountable to Broker and Senior Broker(s) in the production, design, analysis and administration of reinsurance programs on behalf of client partners

Prepare submissions, obtain quotations, and represent our client partners in the reinsurance marketplace

Handle and maintain files, follow-up on contract subjectivities and other open items

Build relationships with respective client and carrier associates to provide excellent service

Liaise with clients and reinsurance markets for day-to-day account inquiries

Liaise with the claims, accounting, and contract departments to ensure consistent and best-in-class service standards

Become proficient in the basic coverages of Property or Casualty classes of business

Attend client events and forums to represent Lockton Re

Actively contribute to process efficiency and improvement; consistently find ways to become more efficient

Qualification

Reinsurance knowledgeNumerical literacyCommunication skillsProblem-solving skillsTeam collaborationRelationship buildingAttention to detailAdaptability

Required

Able and willing to learn new things – hardly anyone comes out of college knowing about reinsurance, so we'll teach you, but you must be eager to learn

Numerically literate - you don't have to be a math major, but you do need to be able to think and reason about numbers and do basic math

Collaborative and team-oriented - insurance works because people work together; reinsurance broking is no different

A good communicator, both verbally and in writing - telling a compelling story and conveying your ideas clearly is what reinsurance broking is all about

Able to think creatively and demonstrate problem-solving skills - new challenges inevitably arise, especially in a new company. Doing the best we can for our customers requires resourcefulness, imagination, and determination

Interested in building relationships - reinsurance is a relationship-driven industry and interacting with customers, reinsurers and colleagues in social settings is part of the job

Trusted with detailed tasks - details matter, so having a process for reviewing your work to find mistakes and noticing when something doesn't look right help to build trust with colleagues, customers and reinsurance partners

Adaptable to changing environments - as a start-up company that is growing fast, we are gaining new employees and customers daily, so things move quickly and are constantly changing

Ability to work outside of normal business hours as needed