Commercial Insurance Broker
Commercial Insurance Broker

Commercial Insurance Broker

England Full-Time 28800 - 43200 £ / year (est.) No home office possible
P

At a Glance

  • Tasks: Provide expert advice and manage insurance accounts for commercial clients.
  • Company: Join a dynamic team in Yorkshire, specialising in tailored insurance solutions.
  • Benefits: Enjoy flexible working hours and opportunities for professional development.
  • Why this job: Be the go-to person for clients, making a real impact in their business success.
  • Qualifications: Experience in commercial insurance and strong communication skills are essential.
  • Other info: Relevant qualifications like Cert CII or Dip CII are a plus!

The predicted salary is between 28800 - 43200 £ per year.

Location: North, East, South and West Yorkshire

Job Purpose: To provide expert advice and support to commercial clients, ensuring the effective management of insurance accounts, retention of renewals, and acquisition of new business. The role involves liaising with clients, underwriters, and other stakeholders to deliver tailored insurance solutions that meet client needs.

Key Responsibilities:

  • Act as the primary point of contact for clients, addressing inquiries and providing professional advice on insurance products.
  • Conduct thorough fact-finding to understand client requirements and recommend suitable insurance solutions.
  • Obtain and negotiate competitive quotations from insurers for new and renewal business.
  • Prepare and present policy documentation, including terms of business agreements, proposals, and invoices.
  • Manage mid-term adjustments, claims, and renewals efficiently, ensuring client satisfaction.
  • Maintain accurate records of client interactions and policy details in compliance with regulatory standards.
  • Build and maintain strong relationships with clients, underwriters, and other stakeholders.
  • Stay updated on industry trends, compliance requirements, and market developments.

Skills and Qualifications:

  • Proven experience in commercial insurance, preferably in account handling or broking.
  • Strong knowledge of insurance products, underwriting processes, and market practices.
  • Excellent communication and negotiation skills.
  • Attention to detail and ability to manage multiple tasks effectively.
  • Proficiency in using insurance software and Microsoft Office Suite.
  • Relevant qualifications, such as Cert CII or Dip CII, are desirable.

Working Hours: Typically 9:00 AM to 5:00 PM, Monday to Friday, with flexibility required to meet client needs.

Commercial Insurance Broker employer: ProFound

As a leading employer in the Yorkshire region, we pride ourselves on fostering a supportive and dynamic work culture that prioritises employee development and satisfaction. Our team enjoys competitive benefits, including flexible working hours and opportunities for professional growth through ongoing training and industry qualifications. Join us to be part of a collaborative environment where your expertise as a Commercial Insurance Broker will be valued, and you can make a meaningful impact on our clients' success.
P

Contact Detail:

ProFound Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Commercial Insurance Broker

✨Tip Number 1

Network with professionals in the commercial insurance sector. Attend industry events, webinars, or local meetups to connect with potential employers and gain insights into the latest trends and practices.

✨Tip Number 2

Familiarise yourself with the specific insurance products relevant to the role. Understanding the nuances of different policies will help you engage more effectively with clients and demonstrate your expertise during interviews.

✨Tip Number 3

Prepare for interviews by practising common questions related to client management and negotiation skills. Think of examples from your past experience that showcase your ability to handle complex situations and maintain client relationships.

✨Tip Number 4

Stay updated on regulatory changes and market developments in the insurance industry. Being knowledgeable about current events will not only boost your confidence but also impress potential employers during discussions.

We think you need these skills to ace Commercial Insurance Broker

Commercial Insurance Knowledge
Client Relationship Management
Negotiation Skills
Attention to Detail
Fact-Finding Skills
Insurance Software Proficiency
Microsoft Office Suite Proficiency
Regulatory Compliance Awareness
Communication Skills
Time Management
Problem-Solving Skills
Market Awareness
Policy Documentation Preparation
Mid-Term Adjustment Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in commercial insurance, particularly in account handling or broking. Emphasise your knowledge of insurance products and any relevant qualifications like Cert CII or Dip CII.

Craft a Compelling Cover Letter: Write a cover letter that showcases your communication and negotiation skills. Mention specific examples of how you've successfully managed client accounts or negotiated competitive quotations in the past.

Highlight Relevant Experience: In your application, focus on your previous roles that involved liaising with clients and underwriters. Detail your ability to conduct thorough fact-finding and provide tailored insurance solutions.

Showcase Your Industry Knowledge: Demonstrate your understanding of current industry trends and compliance requirements in your application. This will show the employer that you are proactive and knowledgeable about the market.

How to prepare for a job interview at ProFound

✨Know Your Insurance Products

Make sure you have a solid understanding of the various commercial insurance products available. Be prepared to discuss how these products can meet different client needs and how you would tailor solutions for specific situations.

✨Demonstrate Your Communication Skills

As a Commercial Insurance Broker, you'll need to communicate effectively with clients and underwriters. Practice articulating your thoughts clearly and confidently, and be ready to showcase examples of how you've successfully managed client relationships in the past.

✨Prepare for Negotiation Scenarios

Negotiation is key in this role. Think about past experiences where you've had to negotiate terms or prices. Be ready to discuss your approach and how you achieved favourable outcomes for your clients.

✨Stay Updated on Industry Trends

Familiarise yourself with the latest trends and developments in the insurance industry. Being knowledgeable about current market conditions will not only impress your interviewers but also demonstrate your commitment to staying informed and providing the best service to clients.

Commercial Insurance Broker
ProFound
P
Similar positions in other companies
UK’s top job board for Gen Z
discover-jobs-cta
Discover now
>