At a Glance
- Tasks: Help businesses with their insurance needs and achieve targets while providing top-notch service.
- Company: Join a stable and reputable broker in the heart of Somerton.
- Benefits: Enjoy a negotiable salary, bonuses, and perks like CII membership and study support.
- Why this job: Be part of a supportive team and make a real impact on clients' businesses.
- Qualifications: Experience in commercial insurance broking and strong communication skills are essential.
- Other info: We celebrate diversity and welcome applicants from all backgrounds.
The predicted salary is between 36000 - 60000 £ per year.
We are currently looking for a Commercial Insurance Advisor to join the successful and welcoming broking team based out of the Somerton office. The Commercial Insurance Advisor is a key position within the team dealing with small & medium commercial insurance risks for various businesses. With access to a wide number of market wordings and online underwriting systems providing a strong position when working with client’s needs and demands.
Your purpose in this position will be to achieve the required renewals and new business results and contribute towards team/individual targets, whilst offering a bespoke high level service, adhering to company procedures and regulatory requirements. This is a long term and progressive opportunity with a stable and reputable broker. You will need commercial insurance knowledge from a broking environment and enjoy the challenge of being part of a central team.
The day to day:
- Meet and deliver against your agreed Renewal Retention and/or New Business Targets, contributing towards the teams overall budget targets & KPI’s.
- Ensure you carry out thorough pre renewal reviews with your clients annually, identify customer needs, highlight any shortfalls in cover and advise your client accordingly.
- Conduct a full insurer/market review for your client and then recommend the most suitable policy which protects the customers needs.
- Invite all policies within regulatory guidelines and ensure policies are renewed, on or before the renewal date.
- Review client documentation and ensure its accuracy and that it meets the client’s needs.
- Ensure documents are issued within contract certain timelines.
- Identify and discuss with your clients any recommended and relevant additional covers.
- Debt Management to ensure all monies are collected and allocated appropriately and keep line manager informed of any current, potential or perceived problems with bad debt.
What’s on offer:
- Negotiable basic salary + bonuses.
- Wide range of additional addon benefits and discounts (Pension, DIS, Holiday etc).
- CII Membership and CII Studies / exams paid.
Your experience:
- Broking commercial insurances from a number of sectors such as liability property to financial lines.
- Handling new business quotation enquiries, renewals and mid-term adjustments.
- Experience of commerce and industry and familiarity with markets and economic trends.
- Ability to develop and maintain business contacts and goodwill.
- Excellent interpersonal, written and verbal communication skills.
- Ability to prepare and present reports.
- Pro-active and self-motivated.
- Strong planning and organisation skills to meet deadlines.
- Attention to detail.
- Co-operative and supportive team player.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
Commercial Insurance Advisor employer: Brown & Brown UK
Contact Detail:
Brown & Brown UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Insurance Advisor
✨Tip Number 1
Familiarise yourself with the latest trends in commercial insurance. Understanding the current market conditions and regulatory changes will not only boost your confidence but also demonstrate your commitment to the role during any discussions.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in broking. Attend local events or join online forums to connect with others, as personal recommendations can often lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed client relationships and achieved targets in previous roles. This will help you stand out as a candidate who can deliver results and fit well within our team.
✨Tip Number 4
Research StudySmarter and our values thoroughly. Being able to articulate why you want to work with us and how you align with our mission will show that you're genuinely interested in the position and the company.
We think you need these skills to ace Commercial Insurance Advisor
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial insurance, particularly in broking environments. Emphasise your achievements in meeting renewal and new business targets, as well as your ability to conduct thorough pre-renewal reviews.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention specific skills such as your knowledge of various market wordings and your experience with client documentation. Make it personal and engaging to stand out.
Highlight Relevant Skills: In your application, focus on key skills mentioned in the job description, such as excellent communication abilities, attention to detail, and strong planning skills. Provide examples of how you've demonstrated these skills in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the insurance industry.
How to prepare for a job interview at Brown & Brown UK
✨Showcase Your Commercial Insurance Knowledge
Make sure to brush up on your knowledge of commercial insurance, especially in areas like liability and property. Be prepared to discuss specific examples from your previous experience that demonstrate your understanding of the market and how you've successfully handled various risks.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve hypothetical situations related to client needs and policy recommendations. Practise articulating your thought process clearly, as this will showcase your problem-solving skills and ability to think on your feet.
✨Demonstrate Your Interpersonal Skills
As a Commercial Insurance Advisor, you'll need to build strong relationships with clients. During the interview, highlight your communication skills and provide examples of how you've effectively interacted with clients in the past, ensuring their needs were met.
✨Discuss Your Team Player Attitude
This role requires collaboration within a team. Be ready to share experiences where you've worked successfully as part of a team, contributing to shared goals and supporting your colleagues, which aligns with the company's emphasis on teamwork.