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For Companies At a Glance
- Tasks: Manage and negotiate insurance contracts while building strong client relationships.
- Company: Join Munich Re Specialty North America, a leader in innovative insurance solutions.
- Benefits: Enjoy competitive salary, health perks, hybrid work, and professional development support.
- Why this job: Make an impact in the insurance industry with a supportive and inclusive culture.
- Qualifications: Experience in customer service and strong relationship-building skills are essential.
- Other info: Dynamic team environment with opportunities for personal and professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Munich Re Specialty North America is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker and a wholly owned subsidiary of Munich Re, giving us access to the expertise, products and risk appetite of one of the largest insurance groups in the world.
Why Join Us?
We are a responsible employer known for innovation and adding value in the insurance distribution chain. As a fully integrated part of Munich Re, we offer career development opportunities, an inclusive culture, and a broad range of benefits including health and wellbeing, hybrid working, financial wellness packages, and professional development.
The Role:
Based in London Offices
Purpose of the Position
To manage and negotiate new and renewal business with Lloyd’s, London market companies, and clients.
Key Responsibilities
- Develop and maintain strong relationships with clients and markets.
- Manage end-to-end placement of assigned contracts, including preparing renewal presentations, monitoring US contract renewals for timely issuance, producing performance-related data and statistical analysis, completing broking documentation (broking checklist, business plan, market sheets, TCF forms), and clearing temp table transactions.
- Liaise with Claims and Underwriting (in-house and GLISE) to resolve queries.
- Handle new and renewal open market risks.
- Identify and develop new business opportunities.
- Support the data analytics team in enhancing reporting capabilities.
- Ensure data accuracy and completeness to support departmental needs.
- Assist the Chief Broking Officer and Head of Broking as needed.
- Contribute to team development and knowledge sharing.
Other Responsibilities
- Resolve internal and external queries proactively.
- Escalate complex issues to senior staff as appropriate.
- Participate in US travel and client visits as required.
- Engage with Continuous Conversations for performance and development.
- Set and work towards personal and professional development goals.
- Comply with all company policies and procedures.
Benefits
- Permanent position.
- Annual salary commensurate with experience and skills.
- Annual leave: 25 days per year plus bank holidays, increasing with length of service.
- Health & Wellbeing: private medical insurance for employees, partners and families, Digital GP service and an annual allowance for health and wellbeing activities.
- Hybrid and remote working: support to work from home up to three days per week.
- Flexible working hours.
- Professional Qualification Support: discretionary financial support for professional qualifications.
- Generous gender-neutral family leave policy: full pay for 26 weeks with 26 weeks’ continuous service at expected week of childbirth.
- Team fun: warm and social culture with regular get-togethers.
About Us
We foster a culture of change, empathy, clear communication, and inclusive growth. We leverage digitisation to deliver innovative solutions and support your career journey. We value diversity and are committed to building an equitable and inclusive work environment.
Equal Opportunity Employer
We welcome applications from all backgrounds and are committed to supporting employees with diverse experiences and identities.
Application Process
All candidates can request a reasonable adjustment at any point during the recruitment process. Request an adjustment by speaking to your Talent Acquisition contact.
Seniority level Mid-Senior level
Employment type Full-time
Job function Customer Service
Industry Insurance
Broker employer: Munich Re Specialty - North America
Contact Detail:
Munich Re Specialty - North America Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Broker
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join online forums. The more people you know, the better your chances of landing that Broker role.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their values. Be ready to discuss how your skills align with their needs, especially in managing client relationships and handling data analysis.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've used data to drive decisions or improve processes in previous roles. This will demonstrate your ability to support the data analytics team effectively.
✨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 are genuinely interested in joining our innovative team.
We think you need these skills to ace Broker
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Broker role. Highlight your experience in managing client relationships and handling data analysis, as these are key aspects of the job. We want to see how your skills align with what we do!
Showcase Your Communication Skills: Since this role involves liaising with clients and internal teams, it's crucial to demonstrate your communication prowess. Use clear and concise language in your application to reflect your ability to convey complex information effectively.
Highlight Relevant Experience: Don’t forget to mention any previous experience in the insurance industry or similar roles. We love seeing candidates who can bring their knowledge of the London market and broking processes to the table, so make it stand out!
Apply Through Our Website: We encourage you to submit your application through our website for a smoother process. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Munich Re Specialty - North America
✨Know Your Stuff
Before the interview, make sure you understand the insurance market, especially how it relates to brokers and coverholders. Familiarise yourself with Munich Re's role in the industry and be ready to discuss how your skills can contribute to their innovative solutions.
✨Build Relationships
Since the role involves developing strong relationships with clients and markets, think of examples from your past experiences where you've successfully built rapport. Be prepared to share these stories during the interview to demonstrate your interpersonal skills.
✨Showcase Your Analytical Skills
The job requires handling data and performance analysis, so be ready to discuss your experience with data analytics. Bring examples of how you've used data to drive decisions or improve processes in previous roles, as this will show your capability in supporting the data analytics team.
✨Ask Insightful Questions
Prepare thoughtful questions about the company culture, team dynamics, and opportunities for professional development. This not only shows your interest in the role but also helps you gauge if the company is the right fit for you.
