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- Tasks: Support the Broking team with administrative and analytical tasks in insurance placement.
- Company: Join MNK International, a leading Lloyd’s of London (re)insurance intermediary.
- Benefits: Gain valuable experience, career progression, and work in a diverse environment.
- Other info: Inclusive workplace valuing diverse perspectives and personal development.
- Why this job: Kickstart your career in insurance broking with real-world exposure and growth opportunities.
- Qualifications: Strong Excel skills, numerical aptitude, and interest in insurance required.
The predicted salary is between 25000 - 32000 £ per year.
MNK International is an established specialist Lloyd’s of London international (re)insurance intermediary, headquartered in London. Outside the United Kingdom, MNK International operates through its international offices in Miami, Warsaw, Dubai (DIFC), Nairobi, Johannesburg, São Paulo, and Istanbul. MNK International forms part of the MNK Group, a fully independent global group of companies comprising a multiclass wholesale P&C MGA platform and a diverse portfolio of insurance and reinsurance businesses.
MNK International is seeking a Junior Admin Broker to provide structured administrative, analytical, and operational support to the Broking team throughout the insurance placement and servicing lifecycle. The role involves supporting Brokers and Senior Brokers in the preparation, processing, and maintenance of insurance policies, ensuring accuracy, compliance, and adherence to Lloyd’s and Company Market standards. This position is designed as an entry-level role for candidates seeking to build a professional career within insurance broking. The role offers exposure to commercial and specialty insurance markets and provides defined progression opportunities into technical or client-facing broking roles.
- Assist in the preparation, checking, and issuance of insurance documentation in accordance with Lloyd’s and Company Market requirements.
- Maintain accurate and up-to-date records of policies, endorsements, renewals, premiums, and mid-term adjustments.
- Support the management of the annual insurance cycle, including new business and renewal activity.
- Ensure documentation is filed and maintained in accordance with Company procedures and regulatory standards.
- Support the collection and collation of client and risk information.
- Utilise Microsoft Excel to analyse policy and premium payment data.
- Support the monitoring and reporting of premiums and accounts.
- Develop an understanding of the insurance market, including commercial and specialty risks.
- Ensure all activities are conducted in compliance with Company procedures, regulatory requirements, and confidentiality obligations.
- Maintain awareness of insurance market developments through ongoing learning.
- Develop a working understanding of insurance terminology, products, and broking processes.
- Build the technical and administrative skills required for future career progression.
Requirements:
- Good working knowledge of Microsoft Excel and PowerPoint.
- Strong numerical aptitude and confidence in working with policy and premium data.
- Demonstrable interest in insurance and financial services.
- Previous exposure to insurance, financial services, or professional services environments.
- Basic understanding of Lloyd’s and Company insurance markets.
- Experience in an office-based administrative or support role.
- Fluency in Italian, both written and spoken.
MNK International is committed to building an inclusive workplace where diverse perspectives are valued, and every individual has the opportunity to thrive and contribute to our shared success.
Junior Admin Broker in City of London employer: MNK International
Contact Detail:
MNK International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Admin Broker in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working at MNK International. Use LinkedIn to connect and engage with them; you never know who might help you land that Junior Admin Broker role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd’s and Company Market standards. Show us you’re keen and ready to dive into the world of insurance broking by discussing recent market developments during your chat.
✨Tip Number 3
Don’t just apply anywhere; apply through our website! It shows you’re genuinely interested in joining MNK International and helps us keep track of your application more efficiently.
✨Tip Number 4
Show off your Excel skills! Be ready to discuss how you’ve used data analysis in past roles or projects. We love candidates who can demonstrate their numerical aptitude and confidence with policy and premium data.
We think you need these skills to ace Junior Admin Broker in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Junior Admin Broker role. Highlight any relevant experience, especially in administrative or support roles, and don’t forget to showcase your skills with Microsoft Excel and PowerPoint!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your enthusiasm for the insurance industry and how your background aligns with the responsibilities of the role. Keep it concise but impactful!
Showcase Your Interest in Insurance: Demonstrate your interest in the insurance and financial services sector. Mention any relevant coursework, internships, or experiences that have sparked your passion for this field. We love candidates who are eager to learn!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows you’re proactive and keen on joining our team!
How to prepare for a job interview at MNK International
✨Know Your Insurance Basics
Before the interview, brush up on your understanding of insurance terminology and processes. Familiarise yourself with Lloyd’s and Company Market standards, as this will show your genuine interest in the role and the industry.
✨Excel at Excel
Since the role requires a good working knowledge of Microsoft Excel, practice using it to analyse data. Be prepared to discuss how you've used Excel in the past or how you would approach data analysis in this role.
✨Showcase Your Administrative Skills
Highlight any previous experience in administrative roles, especially if it relates to financial services. Be ready to share examples of how you've maintained accurate records or supported teams in a busy environment.
✨Ask Insightful Questions
Prepare thoughtful questions about the company and the role. This not only shows your enthusiasm but also helps you gauge if MNK International is the right fit for you. Consider asking about their approach to professional development and progression opportunities.