Broking Manager

Broking Manager

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead negotiations and build relationships to secure insurance placements for public sector clients.
  • Company: Gallagher is a global brokerage team focused on risk management and client empowerment.
  • Benefits: Enjoy 25+ days holiday, life insurance, health plans, and discounted gym memberships.
  • Why this job: Join a diverse team dedicated to excellence and make a real impact in risk management.
  • Qualifications: Experience in broking or relevant insurance roles; CII qualifications are a plus.
  • Other info: Gallagher values inclusion and offers support for applicants with disabilities.

The predicted salary is between 43200 - 72000 £ per year.

Introduction

Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher\’s global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you\’ll be the architect of protection, safeguarding businesses and empowering their ambitions. Together, we\’ll build a legacy of trust and triumph in the dynamic world of risk management.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

Gallagher is currently recruiting for a Broking Placement Manager to join our Public Sector & Education broking team.

In this role,you will be responsible for implementing Gallagher\’s placement strategy for new and existing business. Your main focus will be on building strong relationships with underwriters and carriers in the market, in order to negotiate the most favourable terms.

As part of our Public Sector & Education Broking team, you will play a crucial role in supporting the business and ensuring excellent market relationships are established and maintained.

How you\’ll make an impact

· As Broker Placement Manager, you will help advise and coordinate broking strategy with account handlers and account executives, as well as leading negotiations with insurers to secure placement solutions which enable us to both win and retain clients.
· Work with our new business producers to best position our prospective opportunities with insurers, improving our success rate by enhancing our market position tactically.
· Working with and supporting the Regional Broking Director. Establishing and cultivating insurer relationships within the region and evaluating their performance and service delivery.
· Engage with insurers to help manage identified pipeline opportunities for them.
· Build a network of internal and external contacts through effective relationship management.
· Act as a conduit for feedback to furnish your division with relevant market insight and help manage insurer service issues where necessary. Reporting through the Regional Broking Director.
· Ability to travel within region to increase the visibility of the placement team within the Public Sector & Education branches.

About You

· Previous experience as a Placement Broker is desirable.

· Experienced in Property, Liability and Fleet insurance packages.

· Happy to consider a new business focused Account handler/Broker/Underwriter with relevant experience.

· Holding or working towards one of the Chartered Insurance Institute Qualifications: Cert CII/Dip CII is desirable as is being educated to GCSE standard or equivalent.

· Worked to targets within a regulated, measurable framework and achieved SLA’s.

· Risk aware in handling customer information. Able to recognise potential risk and seek advice when required.

· Highly accurate with a strong attention to detail.

· Proficient in Acturis.

· Eligible to work in the UK.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

  • Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
  • Defined contribution pension scheme, which Gallagher will also contribute to
  • Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
  • Income protection, we’ll cover up to 50% of your annual income, with options to top up
  • Health cash plan or Private medical insurance

Other benefits include:

  • Three fully paid volunteering days per year
  • Employee Stock Purchase plan, offering company shares at a discount
  • Share incentive plan, HMRC approved, tax effective, stock purchase plan
  • Critical illness cover
  • Discounted gym membership, with over 3,000 gyms nationally
  • Season ticket loan
  • Access to a discounted voucher portal to save money on your weekly shop or next big purchase
  • Emergency back-up family care
  • And many more…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with TAGlobalSupport@ajg.com . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

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Broking Manager employer: Arthur J. Gallagher & Co. (AJG)

Gallagher is an exceptional employer that fosters a vibrant work culture centred on collaboration and innovation, particularly within the Public Sector & Education broking team. With a commitment to employee growth, we offer extensive benefits including generous holiday allowances, health plans, and opportunities for professional development, all while promoting diversity and inclusion in a supportive environment. Join us in making a meaningful impact in risk management while enjoying a fulfilling career in a dynamic and rewarding setting.
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Contact Detail:

Arthur J. Gallagher & Co. (AJG) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Broking Manager

✨Tip Number 1

Network with professionals in the insurance and broking industry. Attend relevant events or webinars where you can meet underwriters and carriers, as building these relationships will be crucial for your role as a Broking Manager.

✨Tip Number 2

Familiarise yourself with Gallagher's placement strategy and recent market trends. This knowledge will not only help you in discussions but also demonstrate your commitment to understanding the company's approach and the broader industry landscape.

✨Tip Number 3

Prepare to discuss your experience with Property, Liability, and Fleet insurance packages in detail. Be ready to share specific examples of how you've successfully negotiated terms or built relationships with insurers in the past.

✨Tip Number 4

Showcase your ability to work within a team by highlighting past experiences where you've collaborated with account handlers or executives. Emphasising your teamwork skills will align well with Gallagher's focus on collective success.

We think you need these skills to ace Broking Manager

Relationship Management
Negotiation Skills
Market Analysis
Insurance Knowledge (Property, Liability, Fleet)
Risk Assessment
Attention to Detail
Communication Skills
Team Coordination
Target Achievement
Proficiency in Acturis
Chartered Insurance Institute Qualifications (Cert CII/Dip CII)
Problem-Solving Skills
Adaptability
Customer Service Orientation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in broking, particularly in the Public Sector and Education sectors. Emphasise your relationship-building skills and any previous successes in negotiating favourable terms with underwriters.

Craft a Compelling Cover Letter: In your cover letter, express your passion for risk management and problem-solving. Mention specific examples of how you've successfully managed relationships with insurers and contributed to broking strategies in past roles.

Highlight Relevant Qualifications: If you hold or are working towards Chartered Insurance Institute qualifications, make sure to mention these prominently. This shows your commitment to professional development and aligns with Gallagher's expectations.

Showcase Your Attention to Detail: Given the importance of accuracy in this role, provide examples in your application that demonstrate your strong attention to detail. This could include instances where your meticulousness led to successful outcomes in previous positions.

How to prepare for a job interview at Arthur J. Gallagher & Co. (AJG)

✨Research Gallagher's Values

Before your interview, take some time to understand Gallagher's core values and commitment to diversity and inclusion. This will help you align your answers with their ethos and demonstrate that you're a good cultural fit.

✨Showcase Your Negotiation Skills

As a Broking Manager, negotiation is key. Prepare examples from your past experiences where you've successfully negotiated terms with underwriters or clients. Highlight your strategies and the outcomes to showcase your expertise.

✨Prepare for Technical Questions

Expect questions related to Property, Liability, and Fleet insurance packages. Brush up on your technical knowledge and be ready to discuss how you would approach various scenarios in these areas.

✨Demonstrate Relationship Management

Gallagher values strong relationships with insurers and clients. Be prepared to discuss how you've built and maintained professional relationships in the past, and how you plan to do so in this role.

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