Placement Broker

Placement Broker

Manchester Placement 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: As a Placement Broker, you'll manage complex insurance placements and build strong relationships with clients and insurers.
  • Company: Join one of the largest broker groups globally, based in Manchester.
  • Benefits: Enjoy a dynamic work environment with opportunities for professional growth and collaboration.
  • Why this job: This role offers a chance to work with prestigious businesses and develop your expertise in insurance broking.
  • Qualifications: Proven experience in commercial insurance broking or underwriting is essential.
  • Other info: You may occasionally attend client meetings with senior colleagues to provide market insights.

The predicted salary is between 36000 - 60000 £ per year.

Job Description

Placement Broker Are you a proactive insurance professional with a passion for forging strong insurer relationships? Our Client is offering an exciting opportunity to join one of the largest broker groups globally as a Placement Broker, working from their Manchester office and covering other supporting offices. This role spans diverse commercial lines, working with some of the UK’s most prestigious businesses and working with some impressive colleagues.As a Placement Broker, you will be the linchpin between clients, insurers, and internal teams. This dynamic role requires you to manage placement activities for complex and bespoke insurance arrangements, ensuring competitive terms while delivering exceptional service. You will be the trusted technical expert, offering strategic advice on placement structures and market conditions.Your strong insurer relationships will be pivotal as you negotiate and collaborate across the Manchester and Yorkshire markets, including access to Lloyd’s. While not a regular occurrence, you may accompany senior colleagues to client meetings to provide insight into market conditions and technical expertise.We seek a driven professional with proven experience in large commercial/corporate insurance broking or underwriting. You’ll thrive under pressure, possess excellent organisational skills, and have a solution-focused mindset. Your ability to identify the best insurers for complex risks, combined with your enthusiasm for building partnerships, will set you apart.Our client offers a competitive salary, exceptional benefits, and the chance to progress within a global leader. This is an opportunity to excel in a fast-paced, collaborative environment where your expertise and ambition will drive success.Salary circa £50,000 and experience will dictate any movement on this figure.

Placement Broker employer: IPS Group

Our Client is an exceptional employer, offering a vibrant work culture in the heart of Manchester that fosters collaboration and innovation. With access to extensive training programs and opportunities for professional growth, employees are empowered to excel in their roles while building strong relationships with prestigious clients and insurers. The dynamic environment not only encourages personal development but also provides unique advantages such as exposure to diverse commercial lines and the chance to work alongside industry-leading professionals.
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Contact Detail:

IPS Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Placement Broker

✨Tip Number 1

Network actively within the insurance industry, especially with professionals who have experience in commercial lines. Attend industry events and seminars to meet potential colleagues and clients, which can help you build those crucial insurer relationships.

✨Tip Number 2

Stay updated on market conditions and trends in the insurance sector. This knowledge will not only enhance your strategic advice but also demonstrate your expertise during discussions with potential employers.

✨Tip Number 3

Consider reaching out to current or former employees of the company to gain insights into their culture and expectations. This can help you tailor your approach and show that you understand what they value in a Placement Broker.

✨Tip Number 4

Prepare to discuss specific examples from your past experiences where you've successfully managed complex insurance placements. Highlight your negotiation skills and how you've built strong relationships with insurers to showcase your fit for the role.

We think you need these skills to ace Placement Broker

Insurance Knowledge
Relationship Management
Negotiation Skills
Market Analysis
Technical Expertise in Insurance
Organizational Skills
Problem-Solving Skills
Client Management
Communication Skills
Strategic Thinking
Attention to Detail
Ability to Work Under Pressure
Understanding of Commercial Lines
Collaboration Skills

Some tips for your application 🫡

Understand the Role: Take the time to thoroughly read the job description for the Placement Broker position. Understand the key responsibilities and required skills, so you can tailor your application to highlight your relevant experience.

Highlight Relevant Experience: In your CV and cover letter, emphasize your previous experience in commercial insurance broking or underwriting. Provide specific examples of how you've successfully managed complex placements and built strong relationships with insurers.

Showcase Your Skills: Demonstrate your organisational skills and solution-focused mindset in your application. Use concrete examples to illustrate how you've thrived under pressure and navigated challenging situations in your past roles.

Personalize Your Cover Letter: Craft a personalized cover letter that reflects your enthusiasm for the role and the company. Mention why you are particularly interested in this opportunity and how your background aligns with their needs.

How to prepare for a job interview at IPS Group

✨Showcase Your Industry Knowledge

Make sure to demonstrate your understanding of the insurance market, especially regarding complex and bespoke arrangements. Be prepared to discuss recent trends and how they might impact placement activities.

✨Highlight Relationship-Building Skills

Since this role emphasizes forging strong relationships with insurers, share specific examples of how you've successfully built and maintained these connections in your previous roles.

✨Prepare for Technical Questions

Expect questions that assess your technical expertise in insurance broking and underwriting. Brush up on key concepts and be ready to explain your approach to negotiating competitive terms.

✨Demonstrate Problem-Solving Abilities

Be ready to discuss scenarios where you had to think on your feet and provide solutions under pressure. Highlight your organizational skills and how they contribute to effective risk management.

Placement Broker
IPS Group
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  • Placement Broker

    Manchester
    Placement
    36000 - 60000 £ / year (est.)

    Application deadline: 2027-04-25

  • I

    IPS Group

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