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- Tasks: Broker new business leads and collaborate with Account Executives to secure client coverage.
- Company: Leading international business based in Manchester with a dynamic team.
- Benefits: 25 days holiday, hybrid working, health insurance, and employee stock options.
- Why this job: Join a motivated team and make a real impact in the insurance industry.
- Qualifications: Motivated, professional attitude and strong communication skills required.
- Other info: Great career growth opportunities and a supportive work environment.
The predicted salary is between 30000 - 40000 £ per year.
Monday-Friday 9:00am-5:00pm (hybrid working) Manchester
Salary £35,000-£40,000 DOE plus bonus
MPJ Recruitment are currently working with a leading international business based in Manchester. We are seeking to recruit a motivated, professional and dedicated New Business Broker to join their team. You will be responsible for ensuring effective broking of new business leads, working in partnership with our Account Executives to provide a quality service to new clients by advising, arranging and securing appropriate cover to meet their demands and needs.
New Business Broker duties:
- Maintain close relationships with Account Executives to successfully broker new business leads into the open market and Delegated Authorities.
- Prepare risks for the market by analysing submission information.
- Create Market presentations and broker all risks to market including complex risks, fleet, e-trade & schemes.
- Negotiate terms both in respect of price and policy coverage.
- Produce Quote report documents & provide to Exec ahead of client meeting.
- Compare cover options, assess suitability and build quotations and reports as appropriate.
- Ensure all details of calls, correspondence and risk details updates are uploaded to Acturis.
- Instruct Insurers in good time, check & issue policy documentation including Certificates.
- Invoice, arrange finance, process card payments.
- Diary all outstanding matters and follow up as appropriate.
- Manage all account queries highlighting any concerns to line managers on time.
- Raise any complaints, errors or omissions with management on discovery to protect the business's reputation.
- Maintain and update knowledge of insurance products, services and markets as and when developments occur.
- Build and maintain network of contacts in both internal and external markets.
- Provide training and/or coaching for less experienced colleagues.
New Business Broker Benefits:
- 25 days holiday, plus bank holidays, and the option to 'buy' 5 more days.
- Qualification funding after successfully passing your probationary period.
- Hybrid working.
- Defined contribution pension scheme, which we will also contribute to.
- Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
- Income protection, we'll cover up to 50% of your annual income, with options to top up.
- Health cash plan or Private medical insurance.
- Fully paid volunteering days per year.
- Employee Stock Purchase plan, offering company shares at a discount.
- Share incentive plan, HMRC approved, tax effective, stock purchase plan.
- Critical illness cover.
- Discounted gym membership.
- Season ticket loan.
- Access to discounted vouchers to save money on your weekly shop or your next big purchase.
- Emergency back-up family care.
Click APPLY if you are interested. We will be in touch immediately.
New Business Broker in Manchester employer: MPJ Recruitment
Contact Detail:
MPJ Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land New Business Broker in Manchester
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the hunt for a New Business Broker role. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its market. Understand their products and services inside out, so you can impress them with your knowledge and show you're the right fit for the team.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills align with the responsibilities of a New Business Broker. Highlight your experience in broking, client management, and negotiation to stand out from the crowd.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace New Business Broker in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the New Business Broker role. Highlight relevant experience and skills that match the job description, like your ability to build relationships and negotiate terms.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role and how your background aligns with the responsibilities outlined in the job description.
Showcase Your Knowledge: Demonstrate your understanding of the insurance market and products in your application. Mention any relevant qualifications or experiences that show you’re up-to-date with industry developments.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at MPJ Recruitment
✨Know Your Stuff
Make sure you brush up on your knowledge of insurance products and services. Familiarise yourself with the latest market trends and be ready to discuss how they relate to the role of a New Business Broker. This will show that you're proactive and genuinely interested in the industry.
✨Build Rapport
Since you'll be working closely with Account Executives, it's crucial to demonstrate your ability to build relationships. During the interview, engage with your interviewer, ask questions about their experiences, and share relevant anecdotes that highlight your teamwork skills.
✨Showcase Your Analytical Skills
As a New Business Broker, you'll need to analyse submission information and prepare risks for the market. Be prepared to discuss specific examples where you've successfully analysed data or made decisions based on your findings. This will help illustrate your problem-solving abilities.
✨Prepare Questions
Have a list of thoughtful questions ready to ask at the end of the interview. This could include inquiries about the company's approach to training new brokers or how they measure success in the role. It shows you're serious about the position and eager to learn more.
