At a Glance
- Tasks: Support business development and collaborate with brokers to drive growth.
- Company: Join ERS, the UK's largest specialist motor insurer with an A+ rating.
- Benefits: Enjoy competitive salary, 25 days holiday, and professional development support.
- Other info: Dynamic team environment with opportunities for career advancement.
- Why this job: Make a real impact in the insurance industry while working remotely.
- Qualifications: Experience in UK insurance market and strong communication skills required.
The predicted salary is between 36000 - 60000 £ per year.
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
ERS is the UK's largest specialist motor insurer with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it’s a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn’t enough. That’s why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.
The Broker Development & Support Executive (BDSE) will support ERS’ business development activities by providing support to Regional Development Managers or Strategic Account Managers as well as driving plans and business development activities across their own distinct panel of identified brokers. This is a highly collaborative role, working with colleagues across the business as well as in close co-operation with the Sales and Marketing teams.
This role will contribute to the achievement of the Sales and Marketing team’s business development goals and to ERS’ financial objectives. This role is predominantly remote, using technology to connect with brokers and team members, with some infrequent UK travel.
Key Responsibilities:- Supporting Regional Development Managers or Strategic Account Managers with inbound broker queries by liaising with internal stakeholders and working through to resolution.
- Supporting events via outbound communications to maximise event attendance and event follow up with event attendees to explore opportunities and generate leads for follow up via Regional Development Managers or Strategic Account Managers.
- Providing support in significant broker meetings led by Regional Development Managers and Strategic Account Managers: collation of reports, data and completion of actions logs.
- Managing and driving profitable growth with a panel of identified brokers who have the potential to significantly increase GWP placed with ERS.
- Driving migration of brokers to electronic trading, and support digital migration across Regional Development Managers’ and Strategic Account Managers’ panels where required.
- Delivering product education and training on relevant products and platforms to targeted brokers.
- Ensuring Regional Development Managers and Strategic Account Managers are kept updated on the status and progress of allocated tasks.
- Communicating key broker updates to internal stakeholders within the business.
- Organising and managing allocated tasks held within the BDSE team as well those being allocated to other teams in the business.
- Knowledge and experience working in intermediated UK insurance market.
- Effective communications skills.
- Strong Interpersonal skills.
- Ability to quickly build rapport with brokers and ERS stakeholders.
- Strong organisational skills to enable prioritisation and completion of tasks in a timely manner.
- Commercial awareness and ability to identify opportunities for further product development.
- Proficient in Microsoft Office applications.
- A team player with demonstrable experience of being part of a highly successful team.
- Commerciality.
- Relationships.
- Communication and influence.
- Development of self and others.
- Strategic perspectives.
- Analysis and decision making.
- Competitive Benchmarked Salary.
- 25 days holiday.
- Discretionary bonus scheme.
- Employee assistance programme.
- Annual holiday buy (up to 3 extra days).
- Salary sacrifice benefits.
- Annual benefits reviews.
- The option for professional qualifications and study support.
Broker Development Support Executive in City of London employer: ERS
IQUW is an exceptional employer, offering a dynamic work culture that prioritises collaboration and innovation in the insurance sector. With a focus on employee growth, we provide opportunities for professional qualifications and study support, alongside competitive benefits such as a discretionary bonus scheme and generous holiday allowances. Our predominantly remote role allows for flexibility while still fostering strong connections with colleagues and brokers, making it an ideal environment for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Broker Development Support Executive in City of 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 ERS). 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 ERS. 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 Broker Development Support Executive in City of 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 ERS.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at ERS. 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 ERS
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at ERS 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 ERS, 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 ERS'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.
