Broker

Broker

London Full-Time 43200 - 72000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Manage client relationships and negotiate complex insurance placements.
  • Company: Join WTW, a leader in insurance broking and risk management.
  • Benefits: Enjoy a diverse workplace with opportunities for growth and inclusivity.
  • Why this job: Be part of a high-performance culture that values innovation and teamwork.
  • Qualifications: ACII qualification preferred; experience in Insurance Broking or Underwriting required.
  • Other info: We embrace diversity and provide support throughout the application process.

The predicted salary is between 43200 - 72000 £ per year.

Broking Requirements:

  • Ability to understand a client or prospect’s business, situations, opportunities, problems and key issues.
  • Ability to manage senior relationships and negotiate complex placements with the insurance market.
  • Work with Account Executives and Sales Team in determining appropriate solutions and structuring and pricing the deal.
  • Identify appropriate markets and determine placing strategy.
  • Create and grow relationships with underwriters in London and international markets at a Senior level.
  • Experience in pricing and designing conceptual programmes.
  • Ensure ongoing compliance with WTW's guidelines and procedures.
  • Ensure good relationships and communication with other WTW colleagues.
  • A thorough understanding and an expert real-time user for all relevant systems including Broking Platform.

Teamwork:

  • Acting as a coach to colleagues, and helping to drive performance and training needs.
  • Establish an environment that promotes respect for the individual employee and adheres to the policies and guidelines of the company.
  • Champion the drive to develop a high-performance culture.
  • Provide leadership, direction, advice and guidance to the team maintaining high levels of integrity, motivation and morale.

Qualifications:

  • Preferably ACII qualified or working towards the ACII qualification.
  • A proven track record in Insurance Broking or Underwriting is essential with experience in the Power and Renewables sector.
  • A good knowledge of the insurance market to address client and technical issues.
  • Good communication, negotiation and interpersonal skills.
  • Excellent technical skills.
  • Good presentation abilities.
  • Ability to assimilate and apply large volumes of information rapidly.
  • Negotiation skills coupled with the ability to be flexible and innovative.
  • Ability to work both independently and as part of a wider team.
  • Able to prioritise, manage deadlines and work under pressure.
  • Comfortable explaining complex concepts and making recommendations to clients/client servicing teams.
  • Must be able to forge links between broking and client servicing teams.

At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued, and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity. We’re committed to equal employment opportunity and provide application, interview and workplace adjustments and accommodations to all applicants. If you foresee any barriers, from the application process through to joining WTW, please email candidate.helpdesk@willistowerswatson.com.

Broker employer: Willis Towers Watson

At WTW, we pride ourselves on being an exceptional employer, offering a dynamic work culture that champions inclusivity and diversity. Our London-based team thrives in a collaborative environment where professional growth is encouraged through mentorship and training opportunities, particularly for those in the Broker role. With a commitment to integrity and high performance, we empower our employees to build meaningful relationships within the insurance market while enjoying the unique advantages of working in one of the world's leading financial hubs.
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Contact Detail:

Willis Towers Watson Recruiting Team

candidate.helpdesk@willistowerswatson.com

StudySmarter Expert Advice 🤫

We think this is how you could land Broker

✨Tip Number 1

Familiarise yourself with the latest trends and developments in the Power and Renewables sector. This knowledge will not only help you understand client needs better but also demonstrate your expertise during interviews.

✨Tip Number 2

Network with professionals in the insurance broking field, especially those who have experience in the Power and Renewables sector. Attend industry events or join relevant online forums to build connections that could lead to job opportunities.

✨Tip Number 3

Practice your negotiation skills by engaging in role-playing scenarios with friends or colleagues. Being able to showcase your negotiation prowess during interviews can set you apart from other candidates.

✨Tip Number 4

Prepare to discuss how you would approach building relationships with underwriters and clients. Having a clear strategy in mind will show potential employers that you are proactive and ready to contribute from day one.

We think you need these skills to ace Broker

Client Relationship Management
Negotiation Skills
Insurance Market Knowledge
Technical Proficiency in Broking Platforms
Communication Skills
Interpersonal Skills
Presentation Skills
Analytical Skills
Problem-Solving Skills
Team Leadership
Time Management
Ability to Work Under Pressure
Flexibility and Innovation
Understanding of Compliance Guidelines
Ability to Assimilate Information Rapidly

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in insurance broking or underwriting, especially within the Power and Renewables sector. Use specific examples to demonstrate your ability to manage senior relationships and negotiate complex placements.

Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Broker position at WTW. Emphasise your understanding of the insurance market and your ability to create and grow relationships with underwriters. Mention any relevant qualifications, such as working towards the ACII qualification.

Showcase Your Skills: Highlight your communication, negotiation, and interpersonal skills in your application. Provide examples of how you've successfully explained complex concepts to clients or client servicing teams, and how you've worked both independently and as part of a team.

Demonstrate Cultural Fit: Research WTW's commitment to inclusivity and diversity. In your application, mention how you align with their values and how you can contribute to fostering a high-performance culture while respecting individual differences.

How to prepare for a job interview at Willis Towers Watson

✨Understand the Role Thoroughly

Before the interview, make sure you have a solid grasp of what the Broker position entails. Familiarise yourself with the key responsibilities and requirements listed in the job description, especially around client relationships and negotiation skills.

✨Showcase Your Industry Knowledge

Demonstrate your understanding of the insurance market, particularly in the Power and Renewables sector. Be prepared to discuss current trends and how they might impact clients, showcasing your ability to think critically about the industry.

✨Prepare for Scenario-Based Questions

Expect questions that assess your problem-solving abilities and negotiation skills. Prepare examples from your past experiences where you successfully managed complex placements or resolved client issues, highlighting your flexibility and innovative thinking.

✨Emphasise Teamwork and Leadership Skills

Since the role involves working closely with Account Executives and Sales Teams, be ready to discuss your experience in collaborative environments. Share instances where you've acted as a coach or leader, driving performance and fostering a high-performance culture.

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