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BMS Group · 18 hours ago

Associate Broker

Dallas, TX

Full-time

Onsite

New Grad, Entry Level

$65K/yr - $72K/yr

0+ years exp

BMS Group is a respected reinsurance broker with a strong focus on personal relationships and entrepreneurial solutions. They are seeking an Associate Broker to assist in managing client portfolios, preparing reinsurance submissions, and ensuring compliance with quality standards.

Health InsuranceInformation TechnologyInsurance

Hiring Manager

Anna Katyal (née Hambrook)

Responsibilities

Assist in managing client portfolios and accounts (i.e., handle underwriting preparation, may have client interface, and assist with placement with reinsurers, etc.)

Lead bi-weekly discussion with the team to address status updates, pain points, or any other significant topics related to ongoing projects

Help prepare reinsurance submissions/underwriting narratives with direction from client relationship manager; review large data sets, and with the help of other brokers, analyze, and look for trends to organize submissions and provide the best possible output to 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 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

Maintain files - Complete necessary forms; document conversations via telephone, e-mail, or other electronic means; perform copy work for files, keep files up to date, etc

Perform special projects and other miscellaneous duties as assigned by the client relationship manager or others

Qualification

Insurance knowledgeReinsurance knowledgeMicrosoft ExcelWritten communicationVerbal communicationOrganization skillsTeamworkInterpersonal skillsTime managementAttention to detailAdaptability

Required

BS/BA degree

0 – 2 years of work experience

Capability to learn about and comprehend information about insurance and reinsurance products with the ability to appropriately apply knowledge while performing day-to-day responsibilities

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

Excellent written and verbal communication skills

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

You are resilient and the idea of rejection doesn't scare you; you're the type of person who is motivated by a challenge and is willing to roll with the punches