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- Tasks: Join us as a Technical Placement Broker, managing complex commercial insurance risks.
- Company: We're a leading Commercial Insurance broker based in Twickenham, dedicated to innovative insurance solutions.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team, build strong relationships, and make a real impact in the insurance industry.
- Qualifications: Strong knowledge of commercial lines insurance and proven experience in broking or underwriting required.
- Other info: Apply now and let’s discuss how your skills can shine in this exciting role!
The predicted salary is between 36000 - 60000 £ per year.
A Commercial Insurance broker providing insurance solutions to both businesses and individuals with offices in Twickenham now has the opportunity for a Technical Placement Broker to join the business. The role of a Technical Placement Broker is to build and maintain strong relationships with insurer partners, ensure effective placement of large complex commercial risks and to ensure governance in relation to new and existing insurer relationships.
Key accountabilities will include:
- To take responsibility for the development and execution of a regional broking and placement strategy in line with the business’ national strategy.
- To develop and execute the overall broking strategy to drive business growth, enhance client retention and ensure profitability.
- To be the broking and placement focal point for the business.
- To broker all large, complex new business risks.
- To act as trouble shooter for Commercial and Corporate renewals where there are broking or placement issues.
- To use technical knowledge and market insights to negotiate and close deals on renewals and new business risks as required.
- To build and maintain strong relationships with Insurers, conducting reviews with Insurers on a quarterly basis.
- Monitoring and reviewing Insurer Placement deals, ensuring overall account performance is met.
You will also have the following:
- Strong commercial lines insurance knowledge gained in a broking or insurance company environment.
- Proven experience of commercial lines insurance broking or underwriting.
- In-depth understanding of commercial insurance products and principles.
- Experience in placement of complex risks, including Lloyds Markets.
- In-depth knowledge of commercial lines insurer markets.
- Excellent insurer trading and negotiation skills.
- Strong analytical skills.
What next? Apply today to be considered for this opportunity. If suitable, one of our specialist consultants will be in contact to discuss the opportunity with you in detail prior to submitting your CV to the client. In this discussion we will aim to identify your specific skills and motivations, and where appropriate recommend other relevant opportunities to you that match your requirements.
Placement Broker employer: Heat Recruitment Ltd
Contact Detail:
Heat Recruitment Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Placement Broker
✨Tip Number 1
Network with professionals in the commercial insurance sector. Attend industry events, webinars, or local meetups to connect with potential colleagues and insurers. Building these relationships can give you insights into the role and may even lead to referrals.
✨Tip Number 2
Stay updated on market trends and changes in commercial insurance products. Subscribe to industry publications or follow relevant blogs to enhance your knowledge. This will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare for potential interviews by practising your negotiation skills. Role-play scenarios where you negotiate terms with insurers or clients. This will help you articulate your strategies and experiences effectively during discussions.
✨Tip Number 4
Research the company thoroughly before applying. Understand their business model, key clients, and recent news. Tailoring your approach based on this knowledge can set you apart and show your genuine interest in the role.
We think you need these skills to ace Placement Broker
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Technical Placement Broker. Familiarise yourself with the key accountabilities mentioned in the job description, such as developing broking strategies and managing insurer relationships.
Tailor Your CV: Highlight your relevant experience in commercial lines insurance, broking, and underwriting. Make sure to include specific examples of how you've successfully managed complex risks or built strong relationships with insurers.
Craft a Compelling Cover Letter: Use your cover letter to showcase your passion for the role and the insurance industry. Mention your analytical skills and negotiation experience, and explain how they align with the company's goals and the position's requirements.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in the insurance sector.
How to prepare for a job interview at Heat Recruitment Ltd
✨Know Your Insurance Products
Make sure you have a solid understanding of commercial insurance products and principles. Be prepared to discuss specific products and how they apply to complex risks, as this will demonstrate your expertise in the field.
✨Showcase Your Negotiation Skills
Since the role requires excellent trading and negotiation skills, come prepared with examples of past negotiations you've successfully handled. Highlight any challenges you faced and how you overcame them to close deals.
✨Build Rapport with Interviewers
Establishing strong relationships is key in this role. Use the interview to showcase your interpersonal skills by engaging with the interviewers, asking insightful questions, and showing genuine interest in their company and culture.
✨Demonstrate Analytical Thinking
Prepare to discuss how you approach problem-solving and analysis in your work. Provide examples of how your analytical skills have helped you monitor and review insurer placement deals or troubleshoot issues in the past.
