At a Glance
- Tasks: Lead placement strategies and build relationships in the insurance sector.
- Company: Exance Services Limited, a specialist MGA in construction and property insurance.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Opportunity to work with top insurers and develop innovative insurance products.
- Why this job: Join a commercial role that shapes the future of insurance with your expertise.
- Qualifications: Deep market knowledge and strong relationship-building skills required.
The predicted salary is between 30000 - 45000 £ per year.
Location: Birmingham
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
Senior Placing Broker employer: EXANCE
Exance Services Limited is an exceptional employer located in Birmingham, offering a dynamic work environment that fosters collaboration and innovation in the construction and property insurance sector. With a strong emphasis on employee growth, we provide tailored training and development opportunities, ensuring our team members thrive in their careers while enjoying a supportive culture that values expertise and relationship-building. Join us to be part of a forward-thinking company that prioritises sustainable growth and offers competitive salaries alongside a rewarding work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Placing Broker
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. Building relationships can open doors that a CV just can't.
✨Tip Number 2
Showcase your expertise! Prepare to discuss your market knowledge and past successes in detail during interviews. We want to see how you can bring value to the team.
✨Tip Number 3
Practice your pitch! Be ready to explain how you would approach structuring and executing placement strategies. Confidence in your strategy can really impress potential employers.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Exance Services.
We think you need these skills to ace Senior Placing Broker
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Placing Broker role. Highlight your experience in construction and property insurance, and showcase any relevant relationships you've built with insurers and capacity providers.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for Exance Services Limited. Share specific examples of how you've successfully structured and executed placement strategies in the past.
Showcase Your Market Knowledge:Demonstrate your deep market knowledge in your application. Mention any insights you have on current capacity trends and pricing, as this will show us you’re up-to-date and ready to hit the ground running.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at EXANCE
✨Know Your Market
Before the interview, dive deep into the construction and property insurance market. Familiarise yourself with current trends, key players, and recent developments. This knowledge will not only impress your interviewers but also help you articulate how you can contribute to Exance's growth.
✨Showcase Relationship Building Skills
As a Senior Placing Broker, relationship management is crucial. Prepare examples of how you've successfully built and maintained relationships with insurers and capacity providers in the past. Be ready to discuss your approach to negotiation and how you handle conflicts or challenges in these relationships.
✨Understand the Role's Responsibilities
Make sure you have a clear understanding of the key responsibilities outlined in the job description. Be prepared to discuss how your previous experience aligns with leading placement strategies and optimising panel selection. This shows that you’re not just interested in the role, but that you’re also a good fit for it.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare insightful questions about Exance’s underwriting strategy, their approach to market conditions, and how they envision the role evolving. This demonstrates your genuine interest in the company and helps you assess if it’s the right fit for you.
