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- Tasks: Support business development by assisting Regional Development Managers and managing broker relationships.
- Company: IQUW is a leading specialty (re)insurer at Lloyd’s, known for innovative insurance solutions.
- Benefits: Enjoy remote work flexibility and collaborate with a dynamic team in a fast-paced environment.
- Why this job: Join a collaborative culture focused on growth and innovation in the insurance industry.
- Qualifications: Strong communication skills and experience in the UK insurance market are essential.
- Other info: This role involves occasional UK travel and offers opportunities for professional development.
The predicted salary is between 36000 - 60000 £ per year.
Overview
Job Description
Broker Development & Support Executive
Grade: 4 Reporting to: New Business Manager Location: Home based
About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
ERS is the UK’s largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it’s a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn’t enough. That’s why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The role
The Broker Development & Support Executive (BDSE) will support ERS’ business development activities by providing support to Regional Development Managers or Strategic Account Managers as well as driving plans and business development activities across their own distinct panel of identified brokers. This is a highly collaborative role, working with colleagues across the business as well as in close co-operation with the Sales and Marketing teams. This role will contribute to the achievement of the Sales and Marketing team’s business development goals and to ERS’ financial objectives. This role is predominantly remote, using technology to connect with brokers and team members, with some infrequent UK travel.
Key responsibilities
- Supporting Regional Development Managers or Strategic Account Managers with inbound broker queries by liaising with internal stakeholders and working through to resolution
- Supporting events via outbound communications to maximise event attendance and follow up with event attendees to explore opportunities and generate leads for follow up via Regional Development Managers or Strategic Account Managers
- Providing support in significant broker meetings led by Regional Development Managers and Strategic Account Managers: collation of reports, data and completion of actions logs
- Managing and driving profitable growth with a panel of identified brokers who have the potential to significantly increase GWP placed with ERS
- Driving migration of brokers to electronic trading, and support digital migration across Regional Development Managers’ and Strategic Account Managers’ panels where required
- Delivering product education and training on relevant products and platforms to targeted brokers
- Ensuring Regional Development Managers and Strategic Account Managers are kept updated on the status and progress of allocated tasks
- Communicating key broker updates to internal stakeholders within the business
- Organising and managing allocated tasks held within the BDSE team as well as those being allocated to other teams in the business
The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Essential qualifications, skills and experience
- Knowledge and experience working in intermediated UK insurance market
- Effective communication skills
- Strong interpersonal skills
- Ability to quickly build rapport with brokers and ERS stakeholders
- Strong organisational skills to enable prioritisation and completion of tasks in a timely manner
- Commercial awareness and ability to identify opportunities for further product development
- Proficient in Microsoft Office applications
- A team player with demonstrable experience of being part of a highly successful team
Desirable behavioural attributes
- Experience in business development or sales/telesales support role
- Experience of working within the London Market/Lloyds Syndicate
- Knowledge of motor insurance
- CII qualification
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Broker Development Support Executive employer: IQUW Group
Contact Detail:
IQUW Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Broker Development Support Executive
✨Tip Number 1
Familiarize yourself with the UK insurance market, especially the intermediated sector. Understanding the nuances of motor insurance and the specific needs of brokers will help you stand out during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, particularly those who work with brokers. Attend relevant events or webinars to connect with potential colleagues and gain insights into the role.
✨Tip Number 3
Demonstrate your communication and interpersonal skills by preparing examples of how you've successfully built rapport with clients or stakeholders in previous roles. This will be crucial for the collaborative nature of the position.
✨Tip Number 4
Showcase your organizational skills by discussing how you've managed multiple tasks or projects simultaneously. Highlight any experience with digital tools that facilitate remote work, as this role is predominantly home-based.
We think you need these skills to ace Broker Development Support Executive
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Broker Development Support Executive position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in the UK insurance market, particularly in business development or sales support roles. Emphasize your communication skills and any experience you have with brokers.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention specific examples of how you've successfully supported business development activities or built relationships in previous roles.
Highlight Relevant Skills: In your application, make sure to emphasize your organizational skills, commercial awareness, and proficiency in Microsoft Office applications. These are essential for the role and will help you stand out.
How to prepare for a job interview at IQUW Group
✨Understand the Company and Its Products
Before your interview, take some time to research IQUW and ERS. Familiarize yourself with their range of insurance products, especially in the motor insurance sector. This knowledge will help you demonstrate your interest and understanding of the company’s operations.
✨Showcase Your Communication Skills
As a Broker Development Support Executive, effective communication is key. Prepare examples from your past experiences where you successfully communicated with brokers or internal stakeholders. Highlight how you resolved queries or facilitated discussions.
✨Demonstrate Your Organisational Skills
The role requires strong organisational skills to manage multiple tasks. Be ready to discuss how you prioritize your workload and ensure timely completion of tasks. Consider sharing specific tools or methods you use to stay organized.
✨Highlight Your Team Player Attitude
This position involves collaboration with various teams. Prepare to share examples of how you've worked effectively within a team to achieve common goals. Emphasize your ability to build rapport and support colleagues in achieving business objectives.
