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- Tasks: Secure renewals and explore revenue growth opportunities with international clients.
- Company: Respected independent wholesale broker team with a collaborative culture.
- Benefits: Competitive salary, bonuses, travel opportunities, and career growth.
- Why this job: Join a dynamic team and make a real impact in the insurance market.
- Qualifications: Strong communication skills and existing client relationships are a plus.
- Other info: Inspiring team environment with a focus on collaboration and innovation.
The predicted salary is between 36000 - 60000 £ per year.
This is an exciting opportunity for a producing binder broker to join a respected independent wholesale broker team as a Senior Associate. You will be liaising with International and US based MGAs as well as Wholesale brokers to secure renewals and explore revenue growth opportunities. Our client is looking for someone with solid market and client relationships, with a collaborative but entrepreneurial approach to work.
The salary and benefits are competitive, plus there is opportunity to travel, achieve excellent bonuses and future career prospects. If you have existing client relationships, it would be an advantage. The classes are varied.
Job Purpose
Support the implementation of the strategic broking direction of the team. Secure new and existing revenue opportunities. Provide advice to clients and be involved in the development of products and programme design.
Key Accountabilities
- Liaise with existing and new clients to secure renewals and explore new revenue growth opportunities.
- Work in partnership with partners and clients to understand their needs and develop innovative, cost effective solutions.
- Maintain established long-term business relationships with clients and market base.
- Participate in a team collaboration approach to clients and markets to achieve outstanding service and client satisfaction.
- Assist in the development of unique and entrepreneurial approaches to product and programmes to differentiate the client from its competitors.
- Responsible for ensuring client service strategy and client service delivery is continuously reviewed, monitored and evolved to achieve optimal client satisfaction.
- Identify and escalate solutions, enhancement or improvement.
- Be a trusted advisor to clients on all elements of risk management.
- Responsible for ensuring the preparation and production of necessary account and programme documentation is dealt with in a timely manner.
- Involved in the development of targeted marketing approaches to new programmes and products to maximise new business opportunities.
- Establish and maintain strong business relationships with markets, clients and collaborate with colleagues to provide optimal service to clients.
- Negotiate with markets to seek and achieve the most suitable and best possible contract terms on behalf of the client.
- Provide coaching and guidance to team members and share broking expertise and knowledge.
- Participate in the implementation of team and company initiatives and strategies.
- Support and assist in the implementation of strategic plans and goals for the team and Company.
- Ensure compliance and adherence to clients' behaviours, values and regulatory requirements, in particular the Tier 1 Conduct Rules.
- Active participation in an inspiring team environment with an open, equal and collaborative communication culture.
Skills and Knowledge
- Strong communication, negotiation and inter-personal skills.
- Ability to be self-disciplined to work alone and as part of a team.
- Show a strong technical understanding of market dynamics and how this impacts on existing and potential clients.
- Ability to analyse and dissect existing (re)insurance arrangements and to offer viable alternatives to the benefit of the client and organisation.
- Considerable knowledge of market and products with an ability to adapt these to client needs.
- Strong presentation abilities.
- Organised and able to prioritise/re-prioritise due to constantly changing circumstances.
Conduct Rules
- You must act with integrity.
- You must act with due care, skill and diligence.
- You must be open and cooperative with the regulators.
- You must pay due regard to the interests of customers and treat them fairly.
- You must observe proper standards of market conduct.
Salary Package
Very competitive salary and package, based on experience of the individual. Full job description will be provided on request.
Binding Authority Broker (International) employer: Nabu Services Limited
Contact Detail:
Nabu Services Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Binding Authority Broker (International)
✨Tip Number 1
Network like a pro! Reach out to your existing contacts in the industry and let them know you're on the lookout for new opportunities. You never know who might have a lead or be able to introduce you to someone who can help.
✨Tip Number 2
Get social! Use platforms like LinkedIn to showcase your expertise and connect with potential employers. Share relevant content, engage with industry discussions, and don’t hesitate to reach out directly to companies you’re interested in.
✨Tip Number 3
Prepare for interviews by researching the company and its culture. Tailor your responses to highlight how your skills and experience align with their needs. Remember, it’s all about showing them how you can add value!
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that dream job. Plus, it shows you’re serious about joining our team and makes it easier for us to keep track of your application.
We think you need these skills to ace Binding Authority Broker (International)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Binding Authority Broker role. Highlight your market relationships and any entrepreneurial projects you've been involved in, as these are key for us.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention specific examples of how you've secured renewals or explored revenue growth opportunities in the past.
Showcase Your Communication Skills: Since strong communication is crucial for this role, make sure your application is clear and concise. Use professional language but let your personality shine through – we want to see the real you!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team.
How to prepare for a job interview at Nabu Services Limited
✨Know Your Market
Before the interview, dive deep into understanding the current market dynamics and trends in the insurance sector. Familiarise yourself with key players, especially MGAs and wholesale brokers, as this knowledge will help you demonstrate your expertise and show that you're proactive.
✨Showcase Your Relationships
If you have existing client relationships, be sure to highlight them during the interview. Discuss how these connections can benefit the company and how you've successfully leveraged them in the past to secure renewals or explore new revenue opportunities.
✨Prepare for Collaborative Scenarios
Since the role emphasises teamwork and collaboration, think of examples where you've worked effectively in a team setting. Be ready to discuss how you approach partnerships with clients and colleagues to achieve outstanding service and client satisfaction.
✨Demonstrate Your Problem-Solving Skills
Be prepared to discuss specific instances where you've identified solutions or improvements in previous roles. This could involve innovative approaches to product development or unique strategies for client engagement that set you apart from competitors.