At a Glance
- Tasks: Lead placement strategies for construction and property insurance, building strong relationships with insurers.
- Company: Exance Services Limited, a specialist MGA focused on construction and property insurance.
- Benefits: Competitive salary, performance-linked bonus, and opportunities for professional growth.
- Other info: Join a collaborative team and drive innovative product development.
- Why this job: Shape insurance strategies and make a real impact in a dynamic, entrepreneurial environment.
- Qualifications: 5-10 years in insurance broking with strong market relationships and negotiation skills.
The predicted salary is between 30000 - 45000 £ per year.
Location: Tunbridge Wells
Reporting to: CEO
Salary: £30,000-£45,000
The Company
Exance Services Limited is a specialist Managing General Agent (MGA) focused on construction and property insurance. We partner with brokers and intermediaries to deliver expert underwriting and tailored insurance products through delegated authorities. Our model combines deep sector expertise with strong distribution and capital relationships to support sustainable growth.
The Role
As a Senior Placing Broker, you will take a lead role in structuring and executing placement strategies across Exance's insurance portfolio. You will be responsible for building and managing relationships with capacity providers, supporting delegated authority arrangements, and ensuring optimal placement of risk in line with underwriting strategy. This is a highly commercial, relationship-driven role requiring deep market knowledge and the ability to operate across underwriting, broking, and capacity providers.
Key Responsibilities
- Lead the placement of construction and property risks with insurers and capacity providers
- Structure and negotiate binding authority and delegated authority agreements insuring success
- Develop and maintain strong relationships with Insurers, Reinsurers, Lloyd's syndicates and alternative capacity providers
- Act as a key interface between underwriting, brokers, and capacity partners
- Optimise panel selection and capacity deployment to support profitable growth
- Negotiate terms, pricing, and coverage to align with underwriting appetite
- Support the development of new products and schemes alongside underwriting teams
- Monitor market conditions and provide strategic insight on capacity trends and pricing
- Ensure all placements comply with Financial Conduct Authority requirements and internal governance standards
Skills & Experience
- 5–10+ years' experience in:
- Insurance broking (wholesale or retail)
- MGA / delegated authority environments
- Specialty lines (construction / property preferred)
- Strong relationships with UK and/or Lloyd's market participants
- Proven track record of placing complex or large risks
- Deep understanding of:
- Delegated authorities
- Binding authorities
- Capacity structures
- Strong negotiation and stakeholder management skills
- Commercially driven with a strategic mindset
Qualifications
- Relevant industry qualifications (e.g. ACII or progress toward) preferred
- Strong understanding of UK regulatory framework under the Financial Conduct Authority
What we offer
- Competitive salary with performance-linked bonus
- Senior, high-impact role in a growing specialist MGA
- Direct exposure to capacity strategy and market relationships
- Opportunity to shape placement strategy and product development
- Entrepreneurial and collaborative working environment
Senior Placing Broker in Royal Tunbridge Wells employer: EXANCE
Exance Services Limited is an exceptional employer, offering a dynamic and entrepreneurial work environment in the heart of Tunbridge Wells. As a Senior Placing Broker, you will enjoy competitive remuneration, performance-linked bonuses, and the opportunity to shape placement strategies while collaborating with industry leaders. With a strong focus on employee growth and development, Exance fosters a culture of innovation and strategic insight, making it an ideal place for professionals seeking meaningful and rewarding careers in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Placing Broker in Royal Tunbridge Wells
✨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 EXANCE. 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 Senior Placing Broker in Royal Tunbridge Wells
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 EXANCE.
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 EXANCE'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 EXANCE
✨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 EXANCE.
✨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 EXANCE 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 EXANCE 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.
