At a Glance
- Tasks: Lead broking activities, negotiate optimal outcomes, and build strong client relationships.
- Company: Join a leading global insurance brokerage with a focus on innovation and excellence.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Why this job: Make a real impact in the insurance industry while leading a dynamic team.
- Qualifications: 10+ years in risk management and insurance, with leadership experience.
- Other info: Collaborative environment that values continuous learning and growth.
The predicted salary is between 72000 - 108000 £ per year.
The Division Broking Leader is a strategic and influential senior broking leader with a proven ability to negotiate and drive optimal outcomes for clients and prospects across diverse market segments. The DBL leads and orchestrates all broking activities for new and renewal business, aligning with organizational goals for client retention and growth. The DBL demonstrates deep expertise in insurance coverages, carrier underwriting guidelines, alternative funding strategies, and evolving legislative frameworks. Builds and nurtures high-impact relationships with clients, carrier partners, and internal stakeholders, fostering collaboration and delivering exceptional value. Serves as a trusted advisor and thought leader, championing innovation and excellence in broking practices.
RESPONSIBILITIES
- Lead placement strategy with World Client Advisors and Account Executives to achieve optimal outcomes for clients and prospective clients.
- Drive a competitive coverage placement process and demonstrate strong negotiation skills to achieve appropriate cost, coverage, and capacity targets for clients and prospective clients.
- Maintain productive and responsive relationships with underwriting managers, practice leaders, and business development managers of World’s key Trading Partners.
- Participate as requested in client and prospective client introductory, strategic, planning, and proposal meetings, and represent World in a professional and responsive manner.
- Promote utilization of strategic Trading Partners critical to maintaining secure and dependable relationships for World to generate optimal outcomes for clients and prospective clients.
- Collaborate with peers and national resources as necessary to ensure client’s and prospective client’s coverage needs are comprehensively addressed.
- Manage business models in accordance with corporate KPIs.
- Exhibit strong leadership capacity in training, developing, supervising, and appraising associates to ensure they experience a productive and fulfilling career path at World.
- Productively and with clear vision, lead a team of diverse placement professionals who possess varying levels of expertise and skill in distant locations to achieve defined goals and objectives.
- Serve as primary internal source of information concerning market trends, pricing practices, and other underwriting policies.
- Assist in developing Broking Practice policies and procedures to support our commitment to continuous improvement.
- Maintain focus on World-authorized workflow and standard operating procedures to support the delivery of a consistent service model across the World enterprise.
ESSENTIAL SKILLS/COMPETENCIES
- Comprehensive understanding of World’s scope of expertise, structure, distribution strategy, and value proposition.
- Broad and diverse knowledge of the global insurance industry marketplace including middle market and large account segments, all property and casualty products, excess and surplus lines marketplace, and how to access London and Bermuda market facilities.
- Property and casualty program designs including guaranteed cost/first dollar, deductible/retention structures, quota share & layered property programs, liability towers, risk management, and alternative risk.
- Project/process management discipline and follow-through.
- Compelling deductive reasoning skills.
- Strong leadership capabilities.
- Substantial inter-personal skills and associate engagement expertise.
- Effective listening and communication skills.
- Collaborative nature.
- Action-oriented, ambitious, initiative-taker.
- Analytical and creative thinker.
- Commitment to continuous learning and development.
- Good understanding of complex property and casualty insurance programs, risk management, and alternative risk structures.
- Purposeful, results-driven, competitive, tenacious desire to win.
- Understands how to identify and apply corporate resources to achieve optimal outcomes for clients and prospective clients.
- Knowledgeable of the global insurance marketplace and keeps current with changing marketplace landscape.
- Strong ability to influence and negotiate with trading partner peers, and achieve optimal outcomes for clients and prospective clients.
LEADERSHIP
- Committed to working in a shared leadership environment and among cross-functional teams and promoting World values of collaboration, excellence, leadership, innovation, and integrity.
- Lead through empowerment, engagement, collaboration, feedback, and buy-in from others.
- Collaborate with Practice Leaders, Division Leaders, Division Growth & Service Leaders to ensure Broking objectives are in accordance with World corporate objectives.
- Stay aligned with customer acquisition strategies to ensure Broking activity effectively supports business growth initiatives.
- Support and embed World workflow processes and procedures.
- Represent World brand to the global marketplace in a professional manner.
- Identify creative ways to work more efficiently with our key trading partners.
- Identify and maintain close relationships with World’s key trading partners decision-makers at regional management level.
- Encourage other associates to align with World initiatives, values, and principles.
- Confident to challenge those whose behaviour conflicts with World values and principles.
WORK EXPERIENCE/JOB QUALIFICATIONS
- Minimum 10 years industry experience in risk management and insurance brokerage, underwriting, and carrier relationship management role; or in combination.
- Minimum 5 years in leadership role with high-performing, successful teams, including goal setting and associate performance review responsibilities.
- Complete understanding of a national insurance broker’s sales, service, and broking platforms.
COMPUTER SOFTWARE SKILLS
- Proficient in all Microsoft office products.
- Mid-level expertise with Excel.
PROFESSIONAL LICENSES/CERTIFICATIONS
- Preferred insurance designation such as CPCU, CIC, or ARM.
- Licensed Property & Casualty insurance producer in resident state.
EDUCATION
- 4-year college degree from an accredited institution or equivalent professional designation.
Division Broking Leader- Commercial Lines employer: World Insurance As
Contact Detail:
World Insurance As Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Division Broking Leader- Commercial Lines
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Tailor your responses to show how your experience aligns with their goals, especially in broking and client management.
✨Tip Number 3
Practice your negotiation skills! As a Division Broking Leader, you’ll need to demonstrate strong negotiation abilities. Role-play scenarios with friends or mentors to build confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Division Broking Leader- Commercial Lines
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in broking and leadership. We want to see how your skills align with the Division Broking Leader role, so don’t hold back on showcasing your achievements!
Showcase Your Expertise: Demonstrate your deep understanding of insurance coverages and market trends in your application. We’re looking for someone who can be a trusted advisor, so share examples of how you've successfully navigated complex situations in the past.
Highlight Your Leadership Skills: Since this role involves leading a diverse team, make sure to emphasise your leadership experience. Share specific instances where you’ve trained or developed others, and how you’ve fostered collaboration within your teams.
Apply Through Our Website: We encourage you to submit your application through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and ensure it gets to the right people!
How to prepare for a job interview at World Insurance As
✨Know Your Stuff
Make sure you have a solid understanding of the global insurance marketplace, especially in commercial lines. Brush up on property and casualty products, alternative risk strategies, and the latest trends in underwriting. This knowledge will help you demonstrate your expertise and show that you're the right fit for the Division Broking Leader role.
✨Showcase Your Leadership Skills
As a potential leader, it's crucial to highlight your experience in managing high-performing teams. Be ready to discuss specific examples of how you've trained, developed, and motivated associates in previous roles. This will illustrate your ability to lead diverse placement professionals effectively.
✨Master the Art of Negotiation
Since negotiation is key in this role, prepare to share your strategies for achieving optimal outcomes for clients. Think of instances where you've successfully navigated complex negotiations and what techniques you used to secure favourable terms. This will showcase your strong negotiation skills.
✨Build Relationships
Emphasise your ability to foster productive relationships with clients, carrier partners, and internal stakeholders. Be prepared to discuss how you've maintained these connections in the past and how you plan to do so in this role. This will demonstrate your collaborative nature and commitment to delivering exceptional value.