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For Companies At a Glance
- Tasks: Join our team as a Placement Broker, working on exciting commercial insurance deals.
- Company: We're a dynamic insurance firm with offices in Manchester and Leeds, focused on growth.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional development.
- Why this job: Be part of a collaborative team, build relationships, and tackle unique insurance challenges.
- Qualifications: Strong network in the UK insurance market and experience with complex risks required.
- Other info: Travel between offices and client meetings is part of the role.
The predicted salary is between 36000 - 60000 £ per year.
An exciting opportunity has arisen for a well-connected and commercially astute Placement Broker to join a growing New Business team. Based across offices in Manchester and Leeds, the role will involve working closely with Account Executives to place a variety of commercial risks, including complex and non-standard cases, into the market.
Key Responsibilities:
- Develop and maintain strong relationships with a broad panel of insurers to secure competitive terms for new business.
- Collaborate with Account Executives to understand client requirements and risk profiles.
- Negotiate placement of risks across a wide range of commercial insurance lines.
- Identify appropriate markets and products for more challenging or unusual risks.
- Keep up to date with market developments, insurer appetite and pricing movements.
About You:
- A well-established network within the UK commercial insurance market, with strong relationships across major and niche insurers.
- Experience in placing complex or hard-to-place risks.
- Commercially aware with a solid understanding of policy coverage, insurer expectations, and underwriting requirements.
- A team-focused mindset with strong interpersonal and negotiation skills.
- Willingness to travel between Manchester and Leeds offices and attend client and insurer meetings where required.
Salary: Right figure for the right candidate
Insurance Broker employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Broker
✨Tip Number 1
Network actively within the UK commercial insurance market. Attend industry events, seminars, and workshops to meet potential contacts and build relationships with insurers. This will help you establish a strong network that can be beneficial when applying for the Placement Broker role.
✨Tip Number 2
Stay updated on market trends and developments in commercial insurance. Follow relevant news sources, join online forums, and participate in discussions to enhance your knowledge. This will not only prepare you for interviews but also demonstrate your commitment to the industry.
✨Tip Number 3
Practice your negotiation skills by engaging in role-playing scenarios with peers or mentors. Being able to effectively negotiate terms is crucial for this role, so honing these skills will give you an edge during the selection process.
✨Tip Number 4
Familiarise yourself with the specific insurers and products relevant to the role. Research their appetite for risk and recent changes in their offerings. This knowledge will help you stand out as a candidate who understands the nuances of the market.
We think you need these skills to ace Insurance Broker
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in the commercial insurance sector, particularly any roles where you've placed complex or hard-to-place risks. Use specific examples to demonstrate your strong relationships with insurers and your understanding of policy coverage.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Placement Broker role and explain how your background aligns with the key responsibilities outlined in the job description. Mention your network within the UK commercial insurance market and your negotiation skills.
Showcase Relevant Experience: When detailing your work history, focus on experiences that showcase your ability to develop and maintain relationships with insurers. Highlight any successful negotiations or placements you've managed, especially those involving complex risks.
Research the Company: Before submitting your application, take some time to research the company. Understand their values, recent developments in the insurance market, and their approach to client relationships. This knowledge will help you tailor your application and prepare for potential interviews.
How to prepare for a job interview at IPS Group
✨Know Your Market
Familiarise yourself with the current trends in the UK commercial insurance market. Be prepared to discuss recent developments, insurer appetites, and pricing movements during your interview.
✨Showcase Your Network
Highlight your established relationships with insurers. Be ready to provide examples of how these connections have helped you secure competitive terms for clients in the past.
✨Demonstrate Negotiation Skills
Prepare to discuss specific instances where you've successfully negotiated complex or hard-to-place risks. This will showcase your ability to handle challenging situations effectively.
✨Emphasise Team Collaboration
Illustrate your experience working closely with Account Executives and other team members. Share examples of how collaboration has led to successful outcomes in placing commercial risks.
