Broker Relationship Manager

Broker Relationship Manager

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Build and maintain strategic relationships with global brokers to drive business growth.
  • Company: Join AIG, a leader in innovative insurance solutions.
  • Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
  • Why this job: Make a real impact in the insurance industry while growing your skills.
  • Qualifications: Experience in sales, strong communication skills, and knowledge of the insurance market.
  • Other info: Inclusive culture that values diversity and supports continuous learning.

The predicted salary is between 36000 - 60000 £ per year.

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Broker Relationship Manager to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. This UK Broker Director position is a key role within the UK Client & Broker Engagement (CBE) team, and reports directly to the Head of CBE, UK. This role is responsible for leading our strategic relationships with a select number of our Global and International Brokers.

Make your mark in Client & Broker Engagement

Our Client and Broker Engagement (CBE) team manages AIG’s major client relationships across all product lines, as well as driving new business activity. The team serves major clients and broker partners through an elevated, personalized experience – our client-centric framework drives a consistent experience and best practice, while allowing flexibility to meet the client’s needs.

How you will create an impact

As a Broker Relationship Manager, you will be accountable for developing and driving increased retention, a healthy pipeline of new business and an enhanced share of wallet - in line with the agreed parameters of the service agreements with each broker partner. This role helps AIG grow profitably across the UK and product lines in line with a strongly governed framework.

Role Responsibilities:
  • Accountable for developing and maintaining strategic relationships for the UK with one of the Global Brokers
  • Responsible for designing, developing and maintaining strategic relationships and create an ease of doing business with AIG.
  • Conduct Quarterly Business Review (QBR) with the Broker as appropriate to provide governance of the deliverables under the agreements and drive performance.
  • Lead the development and execution of best practice with Product Lines and other stakeholders
  • Best Practice:
  • Production Meetings/Salesforce: Lead the overall value of Distribution for the designated broker via various means including Production Meetings to drive retention and new business utilising Salesforce;
  • Appetite & Value Proposition: Lead the articulation of our underwriting appetite and differentiating value proposition (including Multinational & Claims First) to the brokers;
  • Engagement: Help connect AIG leadership with key leaders at the Broking Houses;
  • Broker Experience: Review broker surveys and agree actions to improve broker experience;
  • Data/Analytics: Utilise internal data (Salesforce, KPI 2.0 and iDive) and broker data to drive retention, new business opportunities and performance;
  • Pipeline & Growth: ensure leadership and input in the value chain between broker and product (and vice versa) to deliver growth. High visibility in the broking houses to ensure conversion of NB that product would not be able to deliver on their own
  • In conjunction with Client & Broker Leadership, Profit Centres and ELT (where appropriate), develop and implement strategic and operational business plans for designated broker.
  • Work with AIG’s Product Leaders to create co-owned strategic initiatives/projects to deliver increased sales opportunities and support in creation and implementation of new product launches, portfolio and strategic projects.
  • Lead identification and design of new opportunities for profitable growth, schemes, facilities, joint broker and client propositions and new product ideas, using internal data systems & maximising use of the broker systems.
  • Monitor broker performance and delivery against sales, service plans and specific initiatives. Accelerate progress where opportune and undertake corrective action where required.
  • Ensure all deals and agreements conform to required regulations. Ensure internal and external governance structures in place to identify and escalate key issues.
  • What you’ll need to succeed
    • Broad insurance knowledge across P&C and Specialty
    • Solid profile and reputation in the UK commercial insurance market
    • Strong commercial background
    • Experience of working with Senior Underwriter, Product heads and other senior stakeholders
    • Excellent written and verbal communication skills and proven interpersonal skills
    • Sales and business development experience
    • CII preferable

    At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

    Enjoy benefits that take care of what matters

    At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

    Reimagining insurance to make a bigger difference to the world

    American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

    Welcome to a culture of inclusion

    We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

    AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

    Broker Relationship Manager employer: American International Group

    At AIG, we pride ourselves on being an exceptional employer, offering a dynamic work environment in London that fosters collaboration and innovation. Our comprehensive Total Rewards Program ensures that our employees' health, wellbeing, and professional development are prioritised, while our commitment to inclusion and continuous learning creates a supportive culture where everyone can thrive. Join us as a Broker Relationship Manager and be part of a team that values your contributions and empowers you to make a meaningful impact in the insurance industry.
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    Contact Detail:

    American International Group Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Broker Relationship Manager

    ✨Tip Number 1

    Network like a pro! Get out there and connect with industry professionals, attend events, and join online forums. The more people you know, the better your chances of landing that Broker Relationship Manager role.

    ✨Tip Number 2

    Prepare for interviews by researching AIG and understanding their values and goals. Tailor your responses to show how your experience aligns with their mission to reimagine risk management.

    ✨Tip Number 3

    Practice your pitch! Be ready to articulate your unique value proposition and how you can enhance broker relationships. Confidence is key, so rehearse until it feels natural.

    ✨Tip Number 4

    Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the AIG team.

    We think you need these skills to ace Broker Relationship Manager

    Broker Relationship Management
    Strategic Relationship Development
    Salesforce
    Data Analysis
    Communication Skills
    Commercial Insurance Knowledge
    Business Development
    Interpersonal Skills
    Project Management
    Performance Monitoring
    Governance Compliance
    Client Engagement
    Problem-Solving Skills
    Collaboration with Senior Stakeholders

    Some tips for your application 🫡

    Tailor Your Application: Make sure to customise your CV and cover letter for the Broker Relationship Manager role. Highlight your relevant experience in managing strategic relationships and your knowledge of the UK commercial insurance market. We want to see how you can make an impact!

    Showcase Your Communication Skills: Since excellent written and verbal communication skills are key for this role, ensure your application reflects this. Use clear, concise language and demonstrate your ability to engage with stakeholders effectively. Remember, we’re looking for someone who can articulate our value proposition!

    Highlight Your Sales Experience: Don’t forget to emphasise your sales and business development experience. Share specific examples of how you've driven new business or improved client retention in previous roles. This will show us that you have what it takes to thrive in our Client & Broker Engagement team.

    Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details about the role and our company culture there, which can help you tailor your application even further!

    How to prepare for a job interview at American International Group

    ✨Know Your Brokers

    Before the interview, research the key brokers you’ll be working with. Understand their business models, strengths, and challenges. This will help you demonstrate your knowledge and show that you're ready to build strategic relationships right from the start.

    ✨Showcase Your Communication Skills

    As a Broker Relationship Manager, excellent communication is crucial. Prepare examples of how you've successfully engaged with senior stakeholders in the past. Be ready to discuss how you can articulate AIG's value proposition effectively to brokers.

    ✨Demonstrate Your Analytical Skills

    Familiarise yourself with data analytics tools like Salesforce and KPI 2.0. Be prepared to discuss how you’ve used data to drive retention and identify new business opportunities. Showing your analytical prowess will set you apart from other candidates.

    ✨Prepare for Scenario Questions

    Expect scenario-based questions that assess your problem-solving abilities. Think about past experiences where you had to overcome challenges in broker relationships or sales. Use the STAR method (Situation, Task, Action, Result) to structure your answers clearly.

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