Reinsurance Broker (Property - UAE)
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Key skills for this role
About the Role
Chedid Re is hiring a Reinsurance Broker for its property department in Dubai. The role involves performing general brokerage activities, negotiating with reinsurers, and assisting in preparing proposals.
Key Skills for This Role
Responsibilities
- Implement related policies and procedures
- Update the General Brokerage database for maintenance and monitoring
- Assist in communicating with targeted reinsurers for obtaining binding agreements
- Assist in binding reinsurers upon firm order ensuring maximum share
- Negotiate with reinsurers to obtain maximum commission fees and competitive terms
- Assist in preparing renewal notices/information requests to markets
- Promote Chedid Re services for business development
- Coordinate with insurers to gather information for small contracts
- Screen received submissions from cedants and request missing information
- Assist in preparing proposal components to cedants for small accounts
- Assist in preparing underwriting information for reinsurers
Requirements
- Bachelor's degree in business administration or any related field
- Fluency in Arabic and English
- 2 to 4 years of reinsurance broking experience, specifically in the UAE market
Full Job Posting
About the Job
- Chedid Re, a company of Chedid Capital, is looking for a Reinsurance Broker within its property department, based in UAE.
- The role focuses on performing everyday fundamental general brokerage activities, as well as promoting Chedid Re services.
Responsibilities
- Implement related policies and procedures.
- Implement activities in specific areas under close supervision.
- Update on a continuous basis the General Brokerage database for maintenance and monitoring purposes.
- Organize, file and archive records for maintenance and retrieval purposes.
- Assist in communicating with targeted reinsurers for obtaining binding agreements.
- Assist in binding reinsurers upon firm order ensuring maximum share and obtain signed slips.
- Negotiate with reinsurers in order to obtain maximum commission fees, competitive terms and conditions across all businesses.
- Assist in preparing renewal notices/information requests to be delivered to markets in a timely manner.
- Promote Chedid Re services for business development purposes.
- Coordinate with insurers to gather information for small contracts and analyze needs.
- Screen received submissions from cedants and request missing information and documents.
- Assist in preparing proposal components to cedants (pricing, terms and conditions, etc.) for small accounts.
Requirements
- Bachelor’s degree in business administration or any related field.
- Fluency in Arabic and English is a must.
- 2 to 4 years of reinsurance broking experience, specifically in the UAE market.
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