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- Tasks: Lead business development and manage client relationships in the insurance market.
- Company: Join a dynamic brokerage with a strong presence in the UK insurance community.
- Benefits: Enjoy an excellent salary and benefits package, plus opportunities for professional growth.
- Why this job: Be part of a collaborative team influencing strategic decisions and shaping the future of insurance.
- Qualifications: Must have extensive experience as a Binding Authority Broker and a robust network in the industry.
- Other info: This is a permanent position based in London, Essex.
The predicted salary is between 43200 - 72000 £ per year.
Senior Binding Authority Broker
Location: London, Essex
Job Type: Permanent
Ref: SJP230765
Experienced Binding Authority Broker who possesses an in-depth understanding of the insurance market, particularly within the binding authority space.
The ideal candidate will have an established network within the UK broker community and a track record of fostering growth and managing complex insurance portfolios.
Responsibilities:
- Business Development and Client Management:
Utilize existing broker networks to expand business and develop new opportunities.
Cultivate and manage client relationships, ensuring exceptional service and satisfaction.
Stay abreast of market trends to identify and capitalize on new business prospects. - Binding Authority Agreements Management:
Skilfully negotiate and manage binding authority agreements.
Maintain compliance with Lloyd’s of London standards and regulatory frameworks.
Assess the performance and profitability of binding authority contracts. - Risk Assessment and Portfolio Oversight:
Execute detailed risk evaluations for insurance proposals.
Oversee a diverse portfolio of binding authority contracts.
Offer expert advice on risk management and optimal coverage strategies. - Team Collaboration and Leadership:
Collaborate with underwriters, actuaries, and other insurance professionals.
Influence strategic planning and direction of the brokerage operations.
Guide and support the professional development of junior brokers and team members.
Minimum Requirements:
Extensive experience as a Binding Authority Broker, with a focus on the Lloyd’s market.
Robust network within the UK insurance broker community.
Deep understanding of insurance products, market dynamics, and regulatory landscape.
Exceptional negotiation, communication, and relationship management skills.
Excellent salary and benefits package is offered.
If you feel you have the relevant experience, please submit your CV for consideration.
Alternatively, please contact Su Partridge FIRP for further information.
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Senior Binding Authority Broker employer: The Recruiter Ltd
Contact Detail:
The Recruiter Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Binding Authority Broker
✨Tip Number 1
Leverage your existing network within the UK broker community. Reach out to former colleagues or industry contacts who may have insights or connections that could help you get noticed for this role.
✨Tip Number 2
Stay updated on the latest trends in the insurance market, especially regarding binding authority agreements. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed complex insurance portfolios in the past. Highlighting your achievements will set you apart from other candidates.
✨Tip Number 4
Showcase your negotiation skills by discussing past experiences where you successfully negotiated binding authority agreements. This will illustrate your capability and confidence in handling similar responsibilities.
We think you need these skills to ace Senior Binding Authority Broker
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience as a Binding Authority Broker, particularly within the Lloyd's market. Emphasize your established network within the UK broker community and any relevant achievements in managing complex insurance portfolios.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the insurance market and your ability to foster growth. Mention specific examples of how you've successfully managed client relationships and negotiated binding authority agreements.
Highlight Relevant Skills: In your application, clearly outline your exceptional negotiation, communication, and relationship management skills. Provide examples of how these skills have contributed to your success in previous roles.
Showcase Market Knowledge: Demonstrate your awareness of current market trends and regulatory frameworks in your application. This will show that you are proactive and capable of identifying new business prospects, which is crucial for the role.
How to prepare for a job interview at The Recruiter Ltd
✨Showcase Your Network
Highlight your established connections within the UK broker community. Be prepared to discuss how these relationships have helped you in previous roles and how you plan to leverage them for business development.
✨Demonstrate Market Knowledge
Stay updated on current trends in the insurance market, especially within the binding authority space. Be ready to share insights on how these trends can impact business opportunities and client management.
✨Negotiate with Confidence
Prepare to discuss your experience in negotiating binding authority agreements. Provide examples of successful negotiations and how you ensured compliance with Lloyd's standards while maintaining profitability.
✨Emphasize Team Collaboration
Illustrate your ability to work collaboratively with underwriters, actuaries, and other professionals. Share experiences where you influenced strategic planning or guided junior team members to success.
