At a Glance
- Tasks: Lead and enhance broking schemes, negotiate with insurers, and develop strategic relationships.
- Company: Dynamic insurance firm focused on innovation and collaboration.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Join a supportive team with excellent career advancement potential.
- Why this job: Make a real impact in the insurance industry while building valuable relationships.
- Qualifications: Experience in broking, strong negotiation skills, and a knack for relationship building.
The predicted salary is between 59400 - 72600 £ per year.
Job Description – Broking & Schemes Manager
- Overview
- Reporting to: Commercial Director
- Region: Covering all offices across the South East
Purpose of the Role
To improve placement outcomes and maximise the commercial value of the Hub's schemes, facilities and insurer relationships.
The role will oversee existing schemes and facilities, identify opportunities to consolidate and place blocks of business, negotiate new and improved market solutions, and develop strategic insurer relationships. It will also act as the senior escalation point for significant insurer, capacity and placement issues.
Key Responsibilities
- Schemes & Facilities
- Own the commercial oversight of the Hub's schemes and facilities.
- Review and renegotiate arrangements to improve capacity, coverage, pricing, service and commercial terms.
- Identify and develop new schemes, facilities and portfolio solutions.
- Monitor utilisation and performance and address underperforming arrangements.
- Ensure broking teams understand available solutions and where they should be used.
- Identify books of business suitable for consolidation or coordinated placement.
- Develop and present portfolio propositions to insurers.
- Negotiate capacity, coverage, pricing and terms using the scale of the Hub.
- Coordinate implementation of agreed placement solutions.
- Support significant or complex placements where senior market involvement is required.
- Insurer Relationships & Escalations
- Own strategic relationships with priority insurers.
- Build relationships with key underwriting and senior decision-makers.
- Coordinate insurer reviews, visits and strategic engagement.
- Maintain visibility of insurer appetite, capacity and market opportunities.
- Act as the senior escalation point for significant placement, capacity, service and relationship issues.
- Provide the Leadership Team with clear insight into market opportunities and issues.
- Key Objectives
- Improve the performance and competitiveness of existing schemes and facilities.
- Develop new placement solutions where there is a clear commercial opportunity.
- Consolidate appropriate books of business to improve leverage and placement outcomes.
- Strengthen access to capacity and decision-makers within priority insurers.
- Generate measurable commercial value through improved market arrangements and placement outcomes.
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Broking & Schemes Manager in Brighton employer: Brown & Brown UK
Brown & Brown UK is an excellent employer, offering a supportive and dynamic work environment in Borehamwood where you can thrive as a Client Onboarding & Conversion Coordinator. With benefits such as 23 days of holiday, life assurance, and private health care, the company prioritises employee well-being and growth, making it an attractive place for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Broking & Schemes Manager in Brighton
✨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.
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Don’t shy away from reaching out directly to firms like Brown & Brown UK. 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 Broking & Schemes Manager in Brighton
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 Brown & Brown UK.
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 Brown & Brown UK'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 Brown & Brown UK
✨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 Brown & Brown UK.
✨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 Brown & Brown UK 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 Brown & Brown UK 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.
