At a Glance
- Tasks: Coordinate client visits and assist in reinsurance documentation and account management.
- Company: BMS Group, a global independent broker with a collaborative culture.
- Benefits: Competitive salary, 27 days holiday, private medical cover, and gym subsidies.
- Other info: Flexible working options and commitment to diversity and inclusion.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: Strong IT skills, numerical ability, and excellent interpersonal skills.
The predicted salary is between 30000 - 40000 £ per year.
About BMS Group
BMS is a dynamic, independent, global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong, local focus and understanding of market needs.
Our teams are respected globally for their specialist market knowledge, intelligent analysis and insight. Our people strive to be ‘the best in class’ and with an innovative approach and their entrepreneurial thinking, our clients truly benefit from better solutions to policy development and placement.
Being independent makes a key difference to our clients, giving our brokers the freedom to deliver the best solutions, tailored to meet their business needs. Coupled with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.
Summary of Position
This role sits within our Property Casualty Reinsurance division in London, coordinating placement of risks including production of documentation to assist placement and maintenance throughout the account risk life cycle, including Underwriting submissions, market reform contract, wordings, endorsements, client visit schedules/packs, Whitespace Workbench platforms.
Key Responsibilities Accountabilities
- Liaise with Account Executives to assist in coordinating client visits.
- Stay apprised of new systems/software and successfully onboard into the team.
- Ensure that accounts are serviced efficiently and professionally.
- Assist with reviewing and analysing client needs to determine appropriate product and desired terms and conditions for reinsurance coverage.
- Work with Account Executives to develop and maintain client relationships.
- Assist Account Executives with new business prospecting activities.
- Assist Account Executives to develop and manage relationships with market representatives i.e. Underwriters, other Brokers.
- Maintain and enhance knowledge of the insurance marketplace, trends and cycles.
- Adhere to company and regulatory policies, procedures together with mandatory training requirements.
What we’re looking for
- Excellent IT skills and ability to pick up new systems quickly.
- Strong numerical ability with good grades in Maths either at school or university.
- Ability to produce accurate documentation efficiently and consistently.
- Client facing and customer focused with excellent interpersonal skills.
- Communicates clearly and networks assertively and effectively.
- Forward thinker and planner; proactive and uses initiative, making quick, clear decisions.
- Flexible to the team’s needs in regard to their day to day duties.
- Excellent persuasive and influencing skills.
- Able to perform effectively to tight deadlines with good personal organisation and time management skills.
- Personally demonstrate the five BMS values and ensure that team members are aligned with these:
- We put clients first.
- We work as one.
- We find a way.
- We sweat the details.
- We take ownership.
What’s in it for me?
This is a permanent role, offering competitive salary and bonus, 27 days holiday plus access to our personalized benefits platform, Your Rewards, including:
- Comprehensive private medical cover for you and your dependents.
- Complimentary annual health checks.
- Access to a virtual 24hr GP.
- Gym subsidy dedicated wellbeing support.
- Retail discounts.
- Opportunity to purchase equity.
- Defined contribution pension.
- Extra 1 day leave to celebrate your birthday.
Through our Diversity, Equality and Inclusion (DEI) vision, we are committed to ‘building a culture of belonging for all, valuing diverse perspectives and embracing authenticity’. As such, we have created our ‘BMS Together’ programme, with dedicated training, collaborative committees and intentional partnerships. In support of our ESG vision, we offer two additional paid days each year to take part in charitable work.
BMS offers flexible and hybrid working policies and we’re happy to discuss options with you upon application. Please let our team know if you require any adjustments to support you through the application process.
Junior Broker - Reinsurance P employer: BMS Group
BMS Group is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong commitment to employee well-being, we provide comprehensive benefits including private medical cover, gym subsidies, and a culture that values diversity and inclusion. Our focus on personal and professional growth ensures that as a Junior Broker, you will have ample opportunities to develop your skills while contributing to meaningful client solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Broker - Reinsurance P
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like BMS Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Junior Broker - Reinsurance P
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BMS Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BMS Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BMS Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BMS Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BMS Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BMS Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
