At a Glance
- Tasks: Manage broker relationships and support business development across the UK and Europe.
- Company: Join a leading firm in the Lloyd's market with a focus on growth and collaboration.
- Benefits: Competitive salary, professional development, and opportunities for international engagement.
- Other info: Dynamic role with opportunities to work in a fast-paced, global environment.
- Why this job: Be at the forefront of market engagement and make a real impact in the insurance industry.
- Qualifications: Experience in broker management or business development, with strong analytical and communication skills.
The predicted salary is between 50000 - 65000 € per year.
Key Accountabilities & Role Requirements:
- Broker Relationship Management: Support the day-to-day management of relationships with a portfolio of brokers across the UK and Europe. Act as a point of contact for broker queries, escalations, and operational matters. Assist in the planning, preparation and delivery of broker engagement activities, including meetings, presentations, and events. Build trusted relationships with broker contacts. Ensure consistent, high-quality service delivery to broker partners.
- Business Development & Market Engagement: Support new business initiatives and broker-led opportunities in line with WSI’s growth strategy. Assist in identifying distribution opportunities and areas for relationship development. Monitor market developments, broker strategies, and competitor activity, providing insights to senior stakeholders.
- MI, Data & Insights: Produce, analyse, and interpret broker MI, including sales metrics, pipeline activity, and performance against targets. Maintain accurate records of broker interactions and distribution data. Translate data into meaningful business insights and recommendations for underwriting and senior management.
Skills & Competencies Required:
- Commercially curious with a strong interest in the Lloyd’s market.
- Proactive, self-motivated, and keen to take ownership of responsibilities.
- Comfortable working with data and translating analysis into insights.
- Collaborative team player with a client-focused mindset and global outlook.
- Adaptable and resilient in a fast-paced market environment.
Qualifications & Experience:
- Essential: Experience in broker or carrier management, business development, underwriting assistant, or distribution role within the Lloyd’s or London market. Strong analytical capability with experience handling, interpreting, and presenting MI and data. Excellent communication and interpersonal skills, with the ability to build effective internal and external relationships across geographies. Strong organisational skills and attention to detail. Proficiency in Microsoft suite and CRM systems.
- Desirable: Experience within a Lloyd’s managing agent or syndicate environment. Experience managing European broker or carrier relationships. Exposure to collaboration with US-based stakeholders or international distribution teams. Knowledge of Lloyd’s market practices and distribution structures. Exposure to business planning, market strategy, or account planning. Familiarity with reporting tools or data visualisation platforms (e.g. Power BI).
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
Broker Development Manager employer: Westfield Insurance
As a Broker Development Manager at WSI, you will thrive in a dynamic and supportive environment that prioritises professional growth and collaboration. Our commitment to fostering strong relationships with brokers across the UK and Europe is matched by our dedication to employee development, offering opportunities for training and advancement within the Lloyd's market. Join us to be part of a forward-thinking team that values innovation and insight, all while enjoying a vibrant work culture that encourages adaptability and resilience.
StudySmarter Expert Advice🤫
We think this is how you could land Broker Development Manager
✨Tip Number 1
Network like a pro! Get out there and connect with people in the Lloyd’s market. Attend industry events, webinars, or even local meet-ups. Building relationships can open doors that a CV just can't.
✨Tip Number 2
Be proactive in your approach. Don’t just wait for job openings to pop up; reach out to companies you admire, like us at StudySmarter, and express your interest. A friendly email can go a long way!
✨Tip Number 3
Show off your analytical skills! Prepare some insights or data interpretations related to broker management before interviews. This will demonstrate your capability and interest in the role, making you stand out.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of our team.
We think you need these skills to ace Broker Development Manager
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in broker management and business development. We want to see how your skills align with the key accountabilities mentioned in the job description.
Showcase Your Analytical Skills:Since the role involves handling data and producing insights, don’t forget to mention any relevant experience you have with MI and data analysis. We love seeing how you can turn numbers into actionable recommendations!
Highlight Relationship Management Experience:Building trusted relationships is key for this role. Share examples of how you've successfully managed broker or client relationships in the past. We’re looking for those collaborative team players who can connect with others easily.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Westfield Insurance
✨Know Your Brokers
Before the interview, do your homework on the brokers you'll be managing. Understand their business models, strengths, and any recent news about them. This will show that you're proactive and genuinely interested in building those relationships.
✨Data is Your Friend
Since the role involves a lot of data analysis, brush up on your skills with MI and data interpretation. Be ready to discuss how you've used data to drive insights in previous roles. Bring examples of how you’ve translated data into actionable recommendations.
✨Showcase Your Communication Skills
As a Broker Development Manager, strong communication is key. Prepare to demonstrate your interpersonal skills by discussing past experiences where you successfully managed broker relationships or resolved conflicts. Use specific examples to illustrate your points.
✨Be Ready for Market Insights
Stay updated on current trends in the Lloyd’s market and be prepared to share your thoughts during the interview. Discussing market developments and competitor strategies will show that you’re commercially curious and engaged with the industry.
