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For Companies At a Glance
- Tasks: Secure renewals and explore revenue growth opportunities with clients and markets.
- 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 industry.
- Qualifications: Strong communication skills and existing client relationships are a plus.
- Other info: Inspiring team environment with excellent support for personal development.
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 new 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 within 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 regulative 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 in London 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 in London
✨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 others in your field, and don’t hesitate to slide into DMs if you see a role that excites you.
✨Tip Number 3
Prepare for interviews by researching the company and its culture. Tailor your responses to show how your skills align with their needs. Practice common interview questions and think of examples that highlight your achievements.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing familiar faces, so make sure to keep us updated on your job search journey!
We think you need these skills to ace Binding Authority Broker in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Senior Associate role. Highlight your experience with MGA's and your ability to secure renewals, as this will show us you understand what we're looking for.
Showcase Your Relationships: If you've got existing client relationships, flaunt them! We want to see how your connections can benefit our team and help us grow. Mention specific examples of how you've nurtured these relationships in the past.
Demonstrate Your Collaborative Spirit: We love a team player! In your application, share instances where you've worked collaboratively to achieve goals. This will give us insight into how you might fit into our inspiring team environment.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. We can't wait to hear from you!
How to prepare for a job interview at Nabu Services Limited
✨Know Your Market
Before the interview, make sure you brush up on your knowledge of the insurance market dynamics. Understand how these factors impact both existing and potential clients. This will not only show your expertise but also help you engage in meaningful discussions with the interviewers.
✨Showcase Your Relationships
If you have existing client relationships, be ready to discuss them! Highlight how these connections can benefit the company and demonstrate your ability to maintain long-term business relationships. This is a key aspect of the role, so make it a focal point in your conversation.
✨Prepare for Collaboration
Since the role emphasises teamwork and collaboration, think of examples where you've successfully worked with others to achieve a common goal. Be prepared to discuss how you can contribute to a collaborative culture and support your future colleagues.
✨Demonstrate Your Problem-Solving Skills
Be ready to share specific instances where you've identified issues and proposed innovative solutions. This could involve product development or client service strategies. Showing that you can think outside the box will set you apart as a candidate who can add real value.
