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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, professional development opportunities, and a supportive work culture.
- Why this job: Be part of a dynamic team, build relationships, and drive business growth in the insurance sector.
- Qualifications: Strong knowledge of commercial lines insurance and proven broking or underwriting experience required.
- Other info: Apply now to explore this exciting opportunity and discuss your skills with our consultants!
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.
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, especially those who work as brokers or underwriters. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the role.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in commercial insurance, particularly regarding complex risks and Lloyds Markets. This knowledge will not only boost your confidence but also demonstrate your commitment to staying informed.
✨Tip Number 3
Prepare to discuss your experience in building and maintaining relationships with insurers. Think of specific examples where you successfully negotiated deals or resolved issues, as this will showcase your skills during any interviews.
✨Tip Number 4
Research StudySmarter and our values to understand how we operate. Tailor your conversations to reflect how your skills align with our mission, which will help you stand out as a candidate who fits well within our team.
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 and requirements of a Technical Placement Broker. Tailor your application to highlight your relevant experience in commercial lines insurance and broking.
Highlight Relevant Experience: In your CV and cover letter, emphasise your proven experience in commercial lines insurance broking or underwriting. Include specific examples of how you've successfully managed complex risks and built relationships with insurers.
Showcase Analytical Skills: Given the importance of analytical skills in this role, provide examples in your application that demonstrate your ability to analyse market trends and negotiate effectively. This could include past achievements or specific projects.
Craft a Compelling Cover Letter: Write a tailored cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role. Mention why you are interested in working with this particular company and how you can contribute to their success.
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 Insurers
Emphasise your ability to build and maintain strong relationships with insurers. Discuss any previous experiences where you conducted reviews or managed insurer relationships, showcasing your interpersonal skills.
✨Demonstrate Analytical Thinking
Prepare to discuss how you use analytical skills to monitor and review insurer placement deals. Bring examples of how your analytical approach has led to improved account performance or successful placements in the past.
