At a Glance
- Tasks: Manage and develop a portfolio of Professional Indemnity clients while providing expert advice.
- Company: Join a dynamic insurance firm committed to diversity and inclusion.
- Benefits: Competitive salary, performance bonuses, private medical insurance, and professional development support.
- Why this job: Make a real impact by advising clients and navigating the insurance landscape.
- Qualifications: Experience in Professional Indemnity insurance and strong negotiation skills.
- Other info: Hybrid working model with opportunities for career growth.
The predicted salary is between 36000 - 60000 £ per year.
The Professional Indemnity Executive is responsible for managing, developing, and servicing a portfolio of Professional Indemnity (PI) clients. The role involves providing specialist advice, placing cover with insurers, negotiating terms, and ensuring clients receive comprehensive risk and claims support. The successful candidate will demonstrate strong technical knowledge of PI insurance, excellent relationship management skills, and a proactive approach to business development.
Key Responsibilities
- Client Management
- Manage an allocated portfolio of Professional Indemnity clients across various sectors (e.g., legal, construction, financial services, technology, consultancy).
- Deliver high-quality advice on coverage, limits, excess structures, and policy wording.
- Conduct renewal reviews, identify coverage gaps, and recommend appropriate risk solutions.
- Maintain strong, long-term client relationships and act as a trusted advisor.
- Placement & Market Engagement
- Prepare market presentations and underwriting submissions.
- Negotiate competitive terms with insurers.
- Maintain strong working relationships with key insurers and underwriters.
- Stay informed of market trends, capacity changes, and emerging risks.
- New Business Development
- Identify and pursue new business opportunities.
- Support tender submissions and proposal documents.
- Cross-sell additional insurance products where appropriate.
- Claims Support
- Assist clients with notification and management of PI claims.
- Liaise with insurers, loss adjusters, and legal representatives to ensure timely resolution.
- Provide strategic claims guidance and advocacy for clients.
Skills & Experience
Essential
- Proven experience handling Professional Indemnity insurance.
- Strong understanding of policy wordings, exclusions, and endorsements.
- Excellent negotiation and communication skills.
- Ability to manage multiple renewals and deadlines effectively.
- Strong analytical and problem-solving skills.
- Working knowledge of insurance regulation and compliance standards.
Desirable
- Cert CII / Dip CII qualified (or working towards qualification).
- Experience dealing with complex or high-value PI placements.
- Existing insurer or client relationships within professional services sectors.
Salary & Benefits
- Competitive salary (dependent on experience)
- Performance-related bonus
- Pension contribution
- Private medical insurance
- Professional development support
NRG is an equal opportunities employer committed to promoting a diverse and inclusive workplace. We oppose all forms of unlawful or unfair discrimination on the grounds of any protected characteristic. Our aim is to create an environment that encourages diversity, builds on individual differences, and responds equitably to the needs of all. We proactively take steps to fulfil our legal obligations, remove barriers, monitor for fairness, reflect the communities we serve, and enforce a zero-tolerance policy for breaches of our Equality and Diversity policy.
Profesional Indemnity Broker in Birmingham employer: NRG
Contact Detail:
NRG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Profesional Indemnity Broker in Birmingham
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work with Professional Indemnity. Attend events, webinars, or even local meet-ups to get your name out there and make valuable contacts.
✨Tip Number 2
Showcase your expertise! Create a LinkedIn profile that highlights your experience with PI insurance. Share articles, insights, or even your own thoughts on market trends to position yourself as a knowledgeable professional in the field.
✨Tip Number 3
Prepare for interviews by brushing up on your negotiation skills. Be ready to discuss how you've successfully managed client portfolios and navigated complex PI placements. Use real examples to demonstrate your problem-solving abilities.
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who are genuinely interested in joining our team. Tailor your application to highlight your relevant experience and show us why you're the perfect fit for the role.
We think you need these skills to ace Profesional Indemnity Broker in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Professional Indemnity Broker role. Highlight your experience with PI insurance, client management, and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your negotiation skills and experience in managing client relationships.
Showcase Your Technical Knowledge: We’re looking for someone with strong technical knowledge of PI insurance. In your application, be sure to mention specific experiences where you've dealt with policy wordings, exclusions, or complex placements. This will help us see your expertise!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at NRG
✨Know Your Stuff
Make sure you brush up on your knowledge of Professional Indemnity insurance. Understand the key policy wordings, exclusions, and endorsements. Being able to discuss these confidently will show that you're not just familiar with the basics but have a solid grasp of the complexities involved.
✨Showcase Your Relationship Skills
Since this role involves managing client relationships, be prepared to share examples of how you've built and maintained strong connections in the past. Think about specific instances where your communication and negotiation skills made a difference for your clients.
✨Be Proactive About Business Development
Demonstrate your understanding of new business opportunities by coming prepared with ideas on how to attract new clients or cross-sell additional products. This shows that you're not just reactive but also forward-thinking, which is crucial in this role.
✨Prepare for Claims Scenarios
Since claims support is a key part of the job, think about how you would handle various claims situations. Be ready to discuss your approach to liaising with insurers and providing strategic guidance, as this will highlight your problem-solving skills and ability to advocate for clients.