At a Glance
- Tasks: Join our International Casualty team as a Senior Broker and shape global strategies.
- Company: Dynamic insurance firm with a focus on innovation and growth.
- Benefits: Enjoy 25 days annual leave, private healthcare, and hybrid working options.
- Other info: We value diversity and provide support for all applicants throughout the hiring process.
- Why this job: Make an impact in a fast-paced environment with significant opportunities for career development.
- Qualifications: ACII qualified or working towards it, with proven experience in Insurance Broking.
The predicted salary is between 36000 - 60000 £ per year.
We are currently seeking a full‑time Senior Broker to help continue build‑out of our offering within Direct and Facultative. The successful candidate will work in our International Casualty team and will support an existing team that handles a portfolio of material‑sized placements. We expect the candidate to be involved in business planning and will look for them to work with the existing team to help continue shaping an overall Global Strategy for the group. This is an exciting opportunity to join a team that has made impressive strides in a short period of time and has an exciting runway and significant headroom with considerable opportunities to grow and develop.
The Role
- Ability to understand a client or prospect’s business, situations, opportunities, problems, and key issues
- Ability to manage relationships and negotiate placement with the (re)insurance market
- Prepare client and prospect presentations considering the impact of client profitability
- 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
- Price and design conceptual programmes
- Ensure ongoing compliance with WTW Willis guidelines and procedures
- Ensure good relationships and communication with other WTW Willis associates
- Be a thorough understanding and an expert real‑time user for all relevant systems
- Understand the client’s business and risk‑management needs and look for solutions to deliver those needs through the provision of ongoing service
- Understand, apply and where necessary explain the BU policies and procedures
- Identify primary budget holders and decision makers within clients, establish and maintain active relationships with these people
- Provide technical, industry and subject‑matter expertise where required
- Draw on expertise within specialist technical teams within the BU and across the Group for clients as required
- Liaise with clients and build strong relationships
- Determine appropriate solutions, structure, price and placement strategies that meet the client’s needs and deliver profitable business for a range of clients
- Grow existing portfolio by identifying new and/or existing opportunities
- Responsibility for supporting the drive of the sales process and business area practice activity in relation to winning, retaining, and developing profitable new clients
- Develop and maintain a pipeline of prospects including research, initiation of contact, meetings, responding to RFPs, new business presentations and accurately maintaining the WTW Willis CRM database in order to create and convert sales opportunities
- Respond quickly and accurately to new business introductions
- Actively identify opportunities to work with colleagues across the business to capitalise on account penetration and cross‑selling opportunities
- Develop and maintain knowledge of relevant products and services offered by WTW Willis Network – internally with other BUs, within the sector, and with external specialists (lawyers, TPAs, insurers)
- Work closely and maintain working relationships with key market contacts
- Ensure transparency of agency and other commitments made to carriers and clients
- Manage compliant processing of contracts as per FCA and contract‑certainty requirements
- Assist with loading data into the relevant WTW Willis systems
- Check market presentations and client documentation as appropriate
- Assist with and design programme and pricing structures to best meet the client’s needs based on knowledge of the client, the reinsurance market and industry‑sector proposition
- Deliver optimisation of revenue from new and existing clients through the use of the full range of appropriate placement channels and markets for the specific client segment of the business
Qualifications
- Preferably ACII qualified or working towards the ACII qualification
- A proven track record in Insurance Broking or Underwriting
- A good knowledge of the (re)insurance market to address client and technical issues
- Experience across retail, (re)insurance, and retrocession placements as well as any other LOB experience will be greatly useful in this segment of the portfolio
- “Whole chain” experience dealing with clients and colleagues globally from the retail to the reinsurance and cedant clients offering fronting solutions and specific facultative opportunities as well as portfolio protections
- Computer specific skills: 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
- Ability to adapt personal style to work effectively with a wide range of clients, colleagues, and underwriters
- Must be prepared to work with integrity and openness, always complying with FCA requirements
- Good IT skills with excellent Excel usage capability including: PPL MS Office Power BI
What We Offer
Enjoy a benefits package designed to help you thrive, both professionally and personally. You'll receive 25 days of annual leave plus an extra WTW day to relax and recharge. Our comprehensive health and wellbeing offering includes private healthcare, life insurance, group income protection, and regular health assessments, all giving you peace of mind. Secure your future with our defined contribution pension scheme, featuring matched contributions up to 10% from the company. We support your growth and balance with hybrid working options, access to an employee assistance programme, and a fully paid volunteer day to make a difference in your community. On top of these, you can opt into a variety of additional perks including an electric vehicle car scheme, share scheme, cycle‑to‑work programme, dental and optical cover, critical illness protection, and much more. Start making the most of your career and well‑being with a range of benefits tailored for you.
Equal Opportunity Employer
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@wtwco.com
Senior Broker employer: WTW
WTW is an exceptional employer that prioritises inclusivity and employee wellbeing, offering a comprehensive benefits package that includes 25 days of annual leave, private healthcare, and a defined contribution pension scheme. The work culture fosters professional growth through hybrid working options and opportunities to engage in meaningful community service, making it an ideal environment for those looking to develop their careers while contributing positively to society.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Broker
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at events. The more people you know, the better your chances of landing that Senior Broker role.
✨Tip Number 2
Prepare for interviews by researching the company and its market position. Show them you understand their business and can contribute to their Global Strategy. Confidence is key!
✨Tip Number 3
Practice your negotiation skills. As a Senior Broker, you'll need to manage relationships and negotiate placements effectively. Role-play with a friend to sharpen those skills!
✨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 Senior Broker
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in insurance broking and your understanding of the (re)insurance market. We want to see how your skills align with the role of Senior Broker, so don’t hold back!
Showcase Your Achievements:When detailing your past roles, focus on specific achievements that demonstrate your ability to manage relationships and negotiate placements. Use numbers and examples to illustrate your success – we love a good story backed by results!
Be Clear and Concise:Keep your application clear and to the point. We appreciate well-structured documents that are easy to read. Avoid jargon unless it’s relevant, and make sure your passion for the role shines through without overwhelming us with too much information.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at WTW
✨Know Your Stuff
Make sure you have a solid understanding of the (re)insurance market and the specific role of a Senior Broker. Brush up on key concepts, recent trends, and any relevant regulations. This will not only help you answer questions confidently but also show your genuine interest in the industry.
✨Showcase Your Relationship Skills
Since building relationships is crucial for this role, prepare examples of how you've successfully managed client relationships in the past. Think about times when you negotiated effectively or resolved conflicts, as these stories will highlight your interpersonal skills.
✨Prepare for Technical Questions
Expect to be asked about technical aspects of broking and underwriting. Review your knowledge on pricing strategies, placement tactics, and compliance requirements. Being able to discuss these topics in detail will demonstrate your expertise and readiness for the role.
✨Ask Insightful Questions
At the end of the interview, don’t shy away from asking questions. Inquire about the team’s current challenges, future goals, or how they measure success. This shows that you're not just interested in the job, but also in contributing to the team's growth and strategy.
