Senior Medical Insurance Broker

Job description / Role

Responsibilities

Client Management:
• Build and maintain strong client relationships, understand their insurance needs, and provide expert advice on risk management and loss prevention strategies.

Negotiation & Placement:
• Negotiate with various insurance carriers to secure the most suitable coverage, rates, and policy terms for clients.

Risk Assessment & Analysis:
• Analyze client businesses to identify potential risks and recommend appropriate insurance solutions and risk management programs.

Claims Management:
• Oversee and guide the handling of insurance claims, ensuring timely and favorable resolutions for clients.

Market Intelligence:
• Stay informed about industry trends, new insurance products, regulations, and market changes to provide informed advice.

Business Development:
• Acquire new clients and accounts, driving revenue growth for the brokerage.

Team Leadership & Training:
• Provide guidance, training, and mentorship to junior brokers and other team members.

Compliance & Reporting:
• Ensure adherence to all relevant insurance laws and regulations, and prepare reports for management on coverage status and risk exposures.

Qualifications & Skills

• Target annual gross revenue: $500,001 to $750,000.
• Must complete the CII Certificate qualification.
• Commission earning threshold $175,000-$210,000
• Commission rate after passing threshold 22.5%
• Guide salary range AED20,000-30,000

Education:
• A bachelor's degree in a relevant field such as Business Administration, Finance, or Risk Management.

Experience:
• Significant experience (7-10+ years) in the insurance industry, with proven experience in managing clients, policies, and risk.
• Must work towards CII Level 4

Salary:
AED 20,000 to 30,000 per month inclusive of fixed allowances.

About the Company

PARKER CONNECT is the fastest growing Management Consultancy in the Middle East. We provide world class services such as Executive Search and Consultancy through our centrally located office in Dubai, United Arab Emirates. Ever since starting operations, the organization has witnessed rapid growth purely achieved through firm business relations and quality service delivery. Our market knowledge in the region put together with quality consultants and excellent infrastructure has enabled us to build a strong portfolio of clients which include MNC’s and local firms.