At a Glance
- Tasks: Manage broker relationships and support business development across the UK and Europe.
- Company: Dynamic company in the Lloyd's market with a focus on growth and innovation.
- Benefits: Competitive salary, professional development, and opportunities for international collaboration.
- Other info: Great opportunity for career growth and exposure to international markets.
- Why this job: Join a fast-paced environment and make an impact in the insurance industry.
- Qualifications: Experience in broker management or business development, 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 in London employer: Westfield Insurance
As a Broker Development Manager at our company, you will thrive in a dynamic and supportive environment that prioritises professional growth and development. We offer a collaborative work culture where your insights are valued, and you will have the opportunity to engage with a diverse portfolio of brokers across the UK and Europe, enhancing your industry knowledge and network. Our commitment to employee well-being is reflected in our comprehensive benefits package and flexible working arrangements, making us an excellent employer for those seeking a meaningful career in the Lloyd's market.
StudySmarter Expert Advice🤫
We think this is how you could land Broker Development Manager in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the Lloyd's market. Attend industry events, join relevant online forums, and don’t be shy about reaching out to brokers on LinkedIn. Building those relationships can really set you apart.
✨Tip Number 2
Show off your analytical skills! When you get the chance to chat with potential employers, be ready to discuss how you've used data to drive decisions in past roles. Bring examples of how your insights have led to successful outcomes.
✨Tip Number 3
Be proactive in your follow-ups! After interviews or networking events, send a quick thank-you note or message. It shows you're genuinely interested and keeps you top of mind for the hiring managers.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be perfect for you. Plus, it’s a great way to show your enthusiasm for joining our team at StudySmarter.
We think you need these skills to ace Broker Development Manager in London
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 this 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 insights!
Highlight Relationship Management Experience:Building trusted relationships is crucial for this role. Share examples of how you've successfully managed broker or client relationships in the past. We’re keen to know how you’ve navigated challenges and built rapport.
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 proactive, which we love!
How to prepare for a job interview at Westfield Insurance
✨Know Your Brokers
Before the interview, research the brokers you'll be managing. Understand their business models, strengths, and any recent news about them. This will help you demonstrate your proactive approach and show that you're genuinely interested in building those relationships.
✨Data is Your Friend
Brush up on your analytical skills! Be prepared to discuss how you've used data in previous roles to drive insights or improve performance. Think of specific examples where your analysis led to actionable recommendations, as this aligns perfectly with the job's focus on MI and data.
✨Showcase Your Communication Skills
Since this role requires excellent communication and interpersonal skills, practice articulating your thoughts clearly. Consider preparing a brief presentation on a relevant topic to showcase your ability to engage and inform stakeholders effectively.
✨Be Ready for Scenario Questions
Expect questions that assess your adaptability and problem-solving skills in a fast-paced environment. Prepare scenarios from your past experiences where you successfully navigated challenges, especially in broker management or business development, to illustrate your resilience and client-focused mindset.
