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- Tasks: Ensure quality control, draft submissions, and negotiate with underwriters for optimal client outcomes.
- Company: Join a dynamic brokerage firm committed to diversity and professional growth.
- Benefits: Competitive salary, ongoing training, and a supportive work environment.
- Why this job: Kickstart your career in insurance and make a real impact while learning from the best.
- Qualifications: Bachelor's degree and some experience in insurance or sales preferred.
- Other info: Great opportunities for networking and career advancement in a collaborative culture.
The predicted salary is between 30000 - 40000 £ per year.
The Associate Broker is responsible for ensuring the quality and efficiency of brokerage and delivering client service under the guidance of the broker. The role requires engagement with underwriters to secure optimal pricing for their clients and terms and identifies and resolves errors. They actively pursue new business opportunities and are committed to continuous learning and professional development.
Location: London - UK - Fenchurch
Job Responsibilities:
- Ensures quality control across all files, meticulously scrutinizing active and expired policies, endorsements, and documentation for accuracy, timeliness, and adherence to policies.
- Drafts error free submissions to communicate coverage terms with underwriters under the guidance of the broker, weaving together technical insurance jargon with clear and concise client-friendly language.
- Reviews, analyzes, and underwrites risks, rates submissions for premium and terms and analyzes exposures for quotes for new and renewal business.
- Issues quotes and binders, processes new business to grow revenues and maintain retention and profitability.
- Delivers customer service during the marketing of new and renewal business to underwriters and clients.
- Possesses understanding of market dynamics and confidently negotiates pricing and coverage terms with underwriters, consistently securing favorable outcomes for clients.
- Communicates corrections and clarifications in all policy documents to clients and underwriters, ensuring transparency with all stakeholders.
- Forges collaborative relationships with clients, agents, and internal teams, encouraging open communication and a culture of trust that results in increased revenues and increased policy retention.
- Develops a robust network of industry contacts, fostering mutually beneficial relationships that contribute to consistent sales pipeline growth.
- Demonstrates a commitment to ongoing professional development by diligently completing assigned educational courses, professional designations, and licensing programs.
Work Experience and Education:
- Bachelor's degree required in Business Administration, Sales, or Risk Management preferred.
- 1 year of work experience in Wholesale brokerage, Commercial insurance coverages, Sales or Underwriting is preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications:
- Must meet minimum requirements for state P&C and/or surplus line licenses.
- Chartered Property Casualty Underwriter (CPCU) (Preferred), or Certified Insurance Service Representative (CISR) a plus.
Junior Broker in London employer: Ryan Specialty
Contact Detail:
Ryan Specialty Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Broker in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at local events. The more people you know, the better your chances of landing that Junior Broker role.
✨Tip Number 2
Practice your pitch! You never know when you'll meet someone who can help you get your foot in the door. Be ready to explain why you're the perfect fit for the role in a clear and engaging way.
✨Tip Number 3
Research the company! Knowing their values and recent news can give you an edge in interviews. It shows you're genuinely interested and helps you tailor your responses.
✨Tip Number 4
Apply through our website! We make it easy for you to find and apply for roles that suit your skills. Plus, it shows you're proactive and keen to join our team!
We think you need these skills to ace Junior Broker in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Junior Broker role. Highlight any relevant experience in brokerage, insurance, or client service. 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 the role and how your background makes you a great fit. Remember, we love a bit of personality!
Showcase Your Attention to Detail: Since the role involves quality control and accuracy, make sure your application is error-free. Double-check for typos and ensure everything is clear and concise. We appreciate attention to detail!
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’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Ryan Specialty
✨Know Your Insurance Jargon
Familiarise yourself with key insurance terms and concepts relevant to the role of a Junior Broker. This will help you communicate effectively during the interview, showing that you can weave technical jargon into client-friendly language.
✨Showcase Your Analytical Skills
Prepare examples of how you've reviewed and analysed risks in previous roles or projects. Highlight your attention to detail and ability to scrutinise documents for accuracy, as this is crucial for ensuring quality control in brokerage.
✨Demonstrate Your Negotiation Skills
Think of instances where you've successfully negotiated terms or resolved conflicts. Be ready to discuss how you can confidently negotiate pricing and coverage terms with underwriters, which is essential for securing favourable outcomes for clients.
✨Emphasise Continuous Learning
Express your commitment to ongoing professional development. Mention any relevant courses or certifications you're pursuing, like CPCU or CISR, to show that you're dedicated to growing in the industry and staying updated on market dynamics.