Chief Broking Officer, FINEX

Recruiter
Willis Towers Watson
Location
London, UK
Salary
Competitive
Posted
16 Oct 2019
Closes
18 Oct 2019
Ref
1297146666
Contract Type
Permanent
Hours
Full-time
Level of qualification
Newly qualified, Qualified
The Role Lead Brokers to deliver a differentiated client experience and broking excellence Increase use of Structured Solutions in the interest of the client Develop solutions that are aligned to the Group's segmentation strategy Ensure clear understanding in the business of FINMAR carrier regarding (re)insurer appetite, commerciality and service Own Risks and Controls (applicable to Broking) within the Risk & Controls Assessment (RACA) and assess these to review continued likelihood, significance, impact and identify new risks (Owned by RACA FINEX?) Meet contractual obligations and KPI's for any Market Derived Income and insurer Services Manage Market Derived Income budget (MDI) within Line of Business Promote and protect all approved forms of Market Derived Income Collate and report client Opt Out decisions / reasons to Head of Market Derived Income & Head of Broking Owned by FINMAR Informed understanding of Market Derived Income performance, activity and variances Communicate Broking strategy to Brokers Set objectives consistent with the objectives of the Head of Line of Business Broking the CRB GB Head of Broking Support career development plans Identify and maintain knowledge of Broking talent Promote Inclusion & Diversity Adherence to group controls & procedures Liaison with FINMAR to review and record market appetite Adherence to Market Security policies and procedures Use of PPL for target volume of Quotes and Firm Orders Escalate placement/claims issues to the CRB Head of Broking Report complaints or E&Os in line with Group policy Act professionally and in keeping with Group policy when entering or undertaking co-broking activities Make placement decisions that are considerate of broader group strategy and strategic relationships Help define, scope and review data & technology requirements and engage with technology throughout the design, implementation and rollout process Actively contribute to successful execution of Carrier Management Partnership & Trading initiatives and agreed strategic Business Development initiatives Seek out, qualify & share market intelligence, insight and industry news Lead regular Broker meetings, document minutes/actions Promote new ideas via IDEAS Xpress Call out and report inappropriate behaviour and conduct both within and outside the company at the time it happens Direct reporting to: Head of Line of Business & CRB GB Head of Broking (including objective setting and performance review) Direct reports: Finmar Global Leader Matrix reports: Line of Business Broking Leaders Member of Line of Business Executive and GB Broking Executive The Requirements Educated to a degree, or MBA level (or countryequivalent) Professional qualifications such as ACII or similarcountry equivalent, or relevant industry experience Extensive knowledge of the insurance market and abilityto understand potential conflicts of interest in CRB activity Ability to demonstrate evidence of a highlyprofessional and credible approach across the broking market community,resulting in an understanding of client and technical issues and capability tosolve Exceptional communication, negotiation and influencingskills Excellent leadership skills, with a proven track recordof developing people Excellent stakeholder management skills with theability to influence within a matrix environment Strong facilitation skills - able to use inclusive andcollaborative styles to manage ambiguity and gain agreement Ability to act as an ambassador for the Company High levels of business and financial acumen with anunderstanding of company strategy and change management Equal Opportunity Employer

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