At a Glance
- Tasks: Build relationships and provide tailored insurance solutions to customers.
- Company: Join Bionic, the UK's leading business comparison service with a vibrant culture.
- Benefits: Competitive salary, private healthcare, generous leave, and support for CII qualifications.
- Other info: Dynamic environment with excellent career progression and recognition for high performers.
- Why this job: Be part of an award-winning team and make a real impact in the insurance industry.
- Qualifications: Sales experience and strong communication skills are essential.
The predicted salary is between 27000 - 35000 £ per year.
Elevate Your Insurance Career at Bionic! One of our fastest growing departments within Bionic - offering outstanding progression, commission scheme and your Bionic funded CII qualification!
Base salary: £27,000 - £35,000 (dependant on experience) OTE: up to £47,000
The Bionic Group We are Bionic, the UK’s number one business comparison and switching service. It’s our mission to make it radically easier to run a small business and earn the lifetime loyalty of British businesses. To do this, we combine world-class human service with smart technology and data.
This is an excellent opportunity for an individual to join a high performing team within a rewarding department – offering great personal development and training.
Join Us as a Commercial Insurance Broker! We are currently seeking 2 friendly and driven Commercial Insurance Brokers to join our fast-paced insurance sales department. In this role, you will be responsible for understanding our customers' commercial insurance needs and building strong relationships with them.
You'll have the opportunity to work with warm, inbound leads from multiple sources and provide tailored insurance solutions to meet their specific requirements. Situated in our vibrant, award-winning sales floor, you will be:
- Building and maintaining strong relationships with our customers, keeping them at the centre of our processes and interactions
- Understanding our customers' insurance needs and providing the right level of protection to meet those needs
- Complying with regulatory requirements, including Data Protection and FCA guidance, as well as adhering to our governance and control framework
- Developing and maintaining relationships with Insurers and Managing General Agents (MGA's)
- Negotiating policy terms and premiums with Insurers and MGA's
- Identifying opportunities to cross-sell our other services to existing Bionic customers
- Converting new customers from lead to quote to policy within defined conversion metrics
- Ensuring high renewal rates by effectively managing existing customer relationships
- Efficiently managing your diary, scheduling and attending meetings, and maintaining accurate records in our systems
- Handling customer queries and processing Mid Term Adjustments (MTAs) to existing policies efficiently and within agreed timeframes
- Managing your inbox proactively, responding promptly to customer and insurer queries, and escalating any concerns to your Team Leader or the Technical team where appropriate
About You Proven track record in building and maintaining relationships with Insurers, with the ability to negotiate policy terms and costs. Demonstrated sales ability in securing new business deals of all sizes, with excellent conversion rates. Exceptional written and oral communication skills. Excellent time management and problem-solving abilities. Experience of working in highly regulated insurance industry is essential. Progress towards relevant qualifications such as CII is preferred.
Upon passing probation, you’ll gain full support for your CII studies, including access to our comprehensive apprenticeship programme designed to help you progress, develop your industry knowledge, and build your insurance expertise.
Benefits We know that our employees are what sets us aside from our competitors, our benefits are just part of the way we say thanks.
- Private healthcare cover
- Employee Assistance Programme, including a virtual GP service, priority physio & talking therapies
- Eyecare scheme
- 25 days annual leave, increasing with tenure
- 1 paid family & religious day of leave per year - following successful probation period
- 1 paid charity volunteering day per year
- Option to buy/sell up to an additional 3 days leave per year
- Enhanced maternity, paternity or shared parental leave
- 2 days off for your wedding upon joining, and up to 5 days after 2 years' service
- Auto-enrolled salary sacrifice pension scheme
- Life assurance
- Season ticket Loans, salary advances & loans to buy/rent a home – based on tenure
- Cycle to work scheme
- Highflyers incentive, a VIP experience for our high performers across Bionic group to celebrate success
- Company summer & Christmas party celebrations, business and local zonely & annual awards and recognition
- Long service awards
Commercial Insurance Broker in London employer: Bionic Services
At Bionic, we pride ourselves on being an exceptional employer, offering a vibrant work culture that fosters personal development and career progression. As a Commercial Insurance Broker, you'll benefit from a competitive salary, comprehensive training support for your CII qualification, and a range of employee benefits including private healthcare and generous leave policies. Join our award-winning team and enjoy the unique advantage of working in a fast-paced environment where innovation and teamwork are at the heart of what we do.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Insurance Broker in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Bionic Services). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Bionic Services. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Commercial Insurance Broker in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Bionic Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Bionic Services. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Bionic Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Bionic Services to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Bionic Services, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Bionic Services's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
