About the job
A financial holding company, Chedid Capital is a leading investment group in the insurance and reinsurance fields. The Group operates across Europe, Middle East, Africa and South Asia. The Company plays a role in the forefront of the industry, being part of one of the top 20 Reinsurance Brokers in the world.
Chedid Re, a company of Chedid Capital, is looking for a Senior Broker - Liability. The role involves performing brokerage activities within the Liability line of business, including reviewing and analyzing submissions, negotiating with insurers and reinsurers, managing renewals, and supporting placement activities.
Joining our 1700 dynamic team member, spread among 64 subsidiaries worldwide, offers you endless growing opportunities.
Responsibilities
- Ensure accurate underwriting data management across offers, submissions, and finalized accounts within internal systems for reporting, tracking, and reference purposes, while maintaining complete and up-to-date files.
- Review and analyze submissions, identify gaps or discrepancies, gather market intelligence, and prepare underwriting information, proposals, and pricing components to support cedants and reinsurers in decision-making.
- Manage renewals and placements end-to-end by re-engaging markets for improved terms, identifying suitable reinsurance capacity, and preparing and issuing renewal notices and submission requests in a timely manner.
- Lead negotiations with reinsurers and binders to secure optimal terms, commissions, and conditions, ensuring firm orders are placed, slips are signed, and cover is confirmed and bound.
- Coordinate closely with cedants, reinsurers, and internal teams to follow up on quotes, resolve issues, manage capacity, ensure compliance checks, and handle mid-term adjustments and endorsements.
- Maintain and develop reference accounts and benchmarking tools by risk type, while promoting Chedid Re's services and providing technical advice to support business development and client servicing.
Requirements
- Bachelor's degree in Business Administration, Economics, Insurance, or related field.
- Chartered Insurance Institute (CII) certificate is preferred.
- 2-4 years of insurance/reinsurance broking experience in the UAE.
- Fluent in English, Hindi preferred.
