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For Companies At a Glance
- Tasks: Handle insurance queries, manage client relationships, and ensure compliance with regulations.
- Company: Join a leading Lloyds Broker in the heart of London, known for its dynamic work environment.
- Benefits: Enjoy a hybrid work model, competitive salary, and extensive training opportunities.
- Why this job: Be part of a fast-paced team, enhance your skills, and make a real impact in the insurance sector.
- Qualifications: Experience in insurance, particularly within the London Market, is essential.
- Other info: This is a permanent role with a focus on inclusivity and professional growth.
The predicted salary is between 39000 - 52000 £ per year.
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Summary
Our client who is a Lloyds Broker is looking for an Insurance Handler to join their expanding Commercial Renewals department in the City of London office. This is an exciting, fast paced wholesale role and a great opportunity for an experienced person to broaden their knowledge.
Main Duties:
* Respond promptly to intermediary queries and ensure that all communications with agents, insurers, or any other relevant business contacts are accurately recorded in writing.
* Inform intermediaries of the policy cover, terms and conditions and claims protocol and reasonably ensure that the agent/ client understands the effect of breach of conditions or requirements. Record the details in the client records.
* Deal with new and renewal business for your existing clients
* Deal with mid-term policy queries and issue endorsements where appropriate.
* Give instructions and relay any issues to insurance providers/ broking department.
* Maintain and develop relationships through the delivery of excellent service, technical knowledge, and expertise.
* Accuracy of data input into systems, ensuring information integrity.
* Compliance with regulations and procedures as laid down by the Financial Conduct Authority (FCA) by keeping up to date with all changes in the regulatory framework.
Essential Skills Required:
* Experience within a similar insurance role
* You will ideally have experience with the London Market, managing your own risks.
* Experience with Commercial risks including Property Owners and Liability
* You will be a confident written and verbal communicator with the ability to build relationships, and negotiate E-renewal terms, both with insurers and agents
Desirable:
* Good organisation skills
* Strong IT skills
* Experience with MRC Slips
What you need to know:
* Permanent role
* Based in London – Hybrid
* Salary between £45,000 – £50,000
* A great opportunity to join a growing organisation with lots of training and development opportunities.
* A very inclusive and fair opportunities employer
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Commercial Account Handler employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Account Handler
✨Tip Number 1
Familiarise yourself with the London Market and its key players. Understanding the nuances of this market will not only boost your confidence but also help you engage more effectively with potential employers during networking opportunities.
✨Tip Number 2
Brush up on your knowledge of compliance regulations, especially those set by the Financial Conduct Authority (FCA). Being well-versed in these regulations will demonstrate your commitment to maintaining high standards in your work.
✨Tip Number 3
Practice your communication skills, both written and verbal. Since the role requires building relationships and negotiating terms, being articulate and clear will set you apart from other candidates.
✨Tip Number 4
Network within the insurance industry, particularly with professionals who have experience in commercial risks. Attend industry events or join relevant online forums to connect with others and learn about potential job openings.
We think you need these skills to ace Commercial Account Handler
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance roles, particularly within the London Market. Emphasise your skills in managing risks and handling commercial policies like Property Owners and Liability.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to respond to intermediary queries and maintain client relationships effectively.
Showcase Communication Skills: Since the role requires strong written and verbal communication, provide examples in your application of how you've successfully communicated with clients and insurers in past roles.
Highlight Compliance Knowledge: Demonstrate your understanding of compliance with regulations, especially those set by the Financial Conduct Authority (FCA). Mention any relevant training or experience that showcases your commitment to maintaining regulatory standards.
How to prepare for a job interview at MW Appointments
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of insurance terms, especially those relevant to the London Market. Being able to discuss policy cover, terms, and conditions confidently will impress your interviewers.
✨Demonstrate Your Communication Skills
As a Commercial Account Handler, you'll need to communicate effectively with intermediaries and clients. Prepare examples of how you've successfully built relationships and handled queries in previous roles.
✨Showcase Your Organisational Skills
Highlight your ability to manage multiple tasks and maintain accurate records. Discuss any tools or methods you use to stay organised, as this is crucial for handling renewals and mid-term queries.
✨Stay Updated on Regulations
Familiarise yourself with the latest regulations from the Financial Conduct Authority (FCA). Being knowledgeable about compliance will demonstrate your commitment to maintaining high standards in your work.
