Broker

Willis Towers Watson; City of Westminster; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading global insurance company in the United Kingdom is looking for a qualified insurance professional to manage client relationships and deliver tailored solutions. The role involves understanding client needs, preparing presentations, and negotiating placements with the reinsurance market. Applicants should ideally be ACII qualified and possess a strong background in insurance broking or underwriting, with excellent communication and negotiation skills necessary for success in this dynamic environment.

Qualifications

• Proven track record in Insurance Broking or Underwriting with knowledge of the (re)insurance market.
• Experience in retail, reinsurance, or property placements.
• Integrity and compliance with FCA requirements.

Responsibilities

• Understand client business, situations, and challenges to deliver profitable solutions.
• Manage relationships with the (re)insurance market.
• Prepare client presentations and develop a pipeline of prospects.
• Collaborate with colleagues globally to enhance client services.

Skills

Excel

Power Point

Word

Good communication

Negotiation skills

Presentation abilities

Good IT skills

Ability to be flexible and innovative

Education

ACII qualified or working towards ACII qualification

Tools

Power BI

Job description

Responsibilities

• Ability to understand a client or prospect's business, situations, opportunities, challenges, and key issues and understand appropriate solutions, structure, price, and placement strategies that meet the clients' needs and deliver profitable business for a range of clients.
• Ability to manage relationships and negotiate placement with the (re)insurance market.
• Prepare client and prospect presentations.
• Work with other Account Executives and Sales Team in determining appropriate solutions and structuring and pricing the deal in alignment with client needs.
• Develop and maintain a pipeline of prospects including research, initiation of contact, meetings, responding to RFPs, CRM database.
• Identify appropriate markets and create and grow relationships with underwriters in London and international markets.
• Grow existing portfolio by identifying new and/or existing opportunities.
• Stakeholder Management and working collaboratively with colleagues around the world.
• Manage compliant processing of contracts as per FCA and contract certainty requirements.
• Ensure correct upload and handling of slips via the PPL Platform.
• Maintain information in Broking Platform system including record quotations, indications, and declinatures when marketing insurance business via the Broking Platform.
• Provide feedback on corrective action required to retain clients or enhance process performance, actively supporting the implementation of any actions that are put in place.

Qualifications

• 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 and specifically Property.
• Prior experience across retail, reinsurance or retrocession property placements as well as any other LOB experience will be greatly useful in this segment of the portfolio.
• Must be prepared to work with integrity and openness, always complying with FCA requirements.

Skills

• Computer specific skills: Excel, Power Point, Word.
• Good communication, negotiation, quick learner, and interpersonal skills.
• Good presentation abilities.
• 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.
• Ability to adapt personal style to work effectively with a wide range of clients, colleagues, and underwriters.
• Good IT skills with excellent Excel usage capability including:
  • MS Office
  • Power BI (preferable but not essential)

Benefits and Culture

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.