Facultative (FACS) Broker

About the role

Marsh Re is looking for a Facultative Broker to join its Facultative department in Sandton, South Africa. The role is hybrid, with at least three days a week spent in the office. You will use your knowledge of market practices, pricing and underwriting appetite to structure and place facultative reinsurance solutions, preparing submissions to reinsurers, negotiating quotes and terms and working closely with advisors and client executives.

Key responsibilities

• Develop placement solutions using risk expertise and knowledge of industry and carriers
• Implement the Placement strategy to achieve growth goals and deliver exceptional client service
• Prepare coverage specifications, obtain quotes and present them to cedents
• Bind coverage and ensure the accuracy of placement binders
• Maintain relationships with practice, reinsurance markets, carriers and underwriters
• Advise cedents on market conditions and major product developments
• Support client retention and new business production
• Drive senior placement and technical support on assigned accounts, including procedural compliance, data review and accurate placement system entries
• Advise management on client issues and trends

Required profile

• FAIS compliant, RE 5
• Minimum of 5 years of experience as a broker, particularly in corporate and commercial business
• Ability to thrive in a fast-paced environment with multiple priorities
• Detail-oriented, strong time management and organisation skills
• Team player

Required skills

• Negotiation, analytical and communication skills
• Customer service focus

What we offer

• Professional development opportunities
• A vibrant, inclusive culture with supportive leaders
• A range of career opportunities, benefits and rewards