About Us
Faraday & Gen Re are part of Berkshire Hathaway Inc, one of the largest and most influential (re)insurance companies in the world.
We pride ourselves on delivering (re)insurance solutions designed carefully to meet our clients' needs.
We operate across the globe in all major (re)insurance markets, with 2000+ employees across 40 markets and have recently established a European MGA to support local business development.
Faraday's Syndicate 435 at Lloyd's underwrites Aviation, Casualty (North American Specialist Lines, Financial Lines, International Casualty and UK Liability Insurance), Property (Direct & Facultative and Treaty), Accident & Health, Agriculture and Energy.
Ten distinct teams underwrite a diverse range of risks worldwide both on an insurance and reinsurance basis, developing close and mutually supportive relationships with clients and brokers in our chosen markets.
Main purpose of the role
We are currently offering an excellent opportunity for an Account Manager / Client Executive based in our Madrid Office.
This position offers the opportunity to work within a highly experienced team across Europe while starting a business operation for Faraday in the Spanish market.
The successful candidate will lead the sales and client relationship for the Spanish market.
You will be responsible for marketing, sourcing new business, detecting opportunities, structuring solutions, and transacting insurance business distributed via local brokers or MGAs.
This position offers a continuing variety of tasks; that includes creating and nurturing client relationships and developing expertise in all lines of P&C business.
You will be the principal relationship manager and will negotiate the transfer of risk and terms with the placement brokers.
The role requires you to develop a strong understanding of Faraday's appetite and guidelines and the development of an internal network necessary to channel the opportunities for a successful outcome.
Key Responsibilities Underwriting:
Grow a profitable portfolio of property excess of loss business.
Underwrite and price individual risk and programme facultative reinsurance, with adherence to departmental underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards.
Understand market pricing and market terms and conditions.
Demonstrate a deep knowledge of: Contracts and policy forms, Pricing structures, Terms and conditions, Topical underwriting issues.
Directly communicate/negotiate terms and conditions with clients.Client Account management:
Develop and maintain relationships with clients at the underwriting and management level.
Understand treaty structures and facultative reinsurance buying patterns.
Assume responsibility for assigned client relationship, including development and implementation of marketing plans.
Actively seek new business opportunities within existing relationships and within the wider insurance market.
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