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Downstream Placing Broker

Location
London
Salary
£120,000 to £140,000
Job Type
Permanent
Posted
7 Sep 2022

Job Title - Downstream Placing Broker - Insurance

Contract - Permanent

Salary - £140,000

Location - London

Industry - Insurance Broking

Senior Broker required to join the Energy team within our clients Global Broking department in London. The role is for a senior broking practitioner with deep technical knowledge and ability, who can take responsibility for providing advice to clients and colleagues on placement design, available coverage and capacity, likely pricing, potential coverage enhancements and market progress within scope of responsibility.

About the Role

As a Senior Broker some of your key responsibilities will involve:

Core functional activity:

  • Client relationship management (direct clients and/or network)
  • Client meetings
  • Lead quote broking

Secondary functional activity:

  • Providing benchmarking and placement advice to clients
  • Establish and manage pipeline
  • Produce and/or deliver tenders
  • Present terms to client / network
  • Review / Create / Enhance Submission
  • Review draft / final MRC
  • Firm Order broking (Ebix / wet stamps / email)
  • Follow market broking
  • Market relationship management
  • Define marketing strategy (specific to placement)
  • Record broking activity in market sheets
  • Complete quote/firm order information in Brokasure including finalise MRC
  • Provide invoicing instructions
  • Provide technical wording advice to client/network
  • Provide technical training / guidance to colleagues
  • Coaching and mentoring

Occasional (optional) functional activity:

  • File maintenance - ECM
  • Send initial engagement to client/network
  • Send Cover confirmation to client/network
  • Scan / index final agreed slip
  • SPS design / placement
  • Issue invoice to client o Respond to A/c queries
  • Create BID documentation if required
  • Create bespoke wordings / clauses (per client)
  • Develop best in class product wordings (for SPS/product etc)
  • File Reviews / Technical Reviews / Peer Reviews
  • Develop strategy & goals

As a Senior Broker your skills and qualifications will ideally include:

  • Excellent understanding of London insurance market dynamics and core processes;
  • Extensive knowledge of Energy risk
  • Ability to use insurance industry IT systems to efficiently deliver client service;
  • Experience of managing effective client relationships;
  • Good analytical and problem-solving skills;
  • Excellent interpersonal skills;
  • High level of numeracy;
  • Effective communication and presentation skills;
  • Excellent understanding and application of compliance and FCA regulation;
  • Ability to work well as part of a team;
  • Demonstrate integrity and professionalism

Salary and Benefits This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our clients flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday

For a full brief please contact one of our specialist consultants:-

Tel:

Email:

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Details

  • Job Reference: 706200900-2
  • Date Posted: 7 September 2022
  • Recruiter: Lawes Consulting Group
    Lawes Consulting Group
  • Location: London
  • Salary: £120,000 to £140,000
  • Sector: Banking & Financial Services
  • Job Type: Permanent