Area Manager (Marine – Africa) Full Time

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 an Area Manager within the Marine Department for the African territory. The role is responsible for managing brokerage services across various lines of business and markets, driving business development initiatives, and supporting the department’s growth, client servicing, and overall business objectives.

Joining our 1700 dynamic team member, spread among 64 subsidiaries worldwide, offers you endless growing opportunities.

Responsibilities

• Develop the business plan in line with the Department objectives and strategic objectives of Chedid Re.
• Develop policies and procedures in order to ensure the fulfilment of organizational requirements.
• Manage the operations, provide expertise, encourage teamwork and facilitate related professional work processes in order to achieve high performance standards and staff pride in contribution.
• Manage Facultative business development opportunities and activities (new or renewals) to attract and retain Facultative clients in assigned LOB (e.g. Marine, Transit, Cargo).
• Monitor renewals and binders audits in order to ensure alignment.
• Promote Chedid Re services for business development.
• Manage business modeling exercises ensuring efficient and effective implementation.
• Manage potential cross-selling opportunities for business development purposes.
• Provide technical advice to insurers/reinsurers as and when required.
• Negotiate with insurers/reinsurers in order to close deals.
• Manage the production of placement files in assigned lobs ensuring timely delivery.
• Approve on the decided commission/brokerage to generate revenues.
• Manage coordination with Quality Assurance in assigned lobs for auditing placement files
• Coordinate with internal and external (e.g. Reinsurers, insurers, etc.) Stakeholders to resolve issues in assigned line of business.
• Develop and maintain strong relationships with insurers/reinsurers in order to satisfy internal needs.
• Assign individual objectives for employee performance management purposes, manage performance, empower staff, and provide formal and informal feedback in order to support professional development and maximize performance.

Requirements

• Bachelor’s degree in business administration or insurance or equivalent in a similar field.
• A minimum of 8 years of relevant experience with at least 4 years in a similar role.
• Fluency in English and French is a must.
• Chartered Insurance Institute (CII) certificate is preferred.