Broker - Financial Institutions

Aon Corporation; Greater London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading global insurance firm located in London is seeking a junior Broker for their Financial Institutions team. This role is focused on supporting senior brokers with the placement of Financial Lines insurances for North American financial institutions, including innovative firms in the digital assets sector. Candidates should possess at least 3 years of experience in the insurance industry and demonstrate effective communication and analytical skills. This role offers a hybrid work environment with competitive salary and benefits.

Benefits

Competitive salary

Bonus options

Comprehensive benefits package

Flexible work options

25 days holiday

Qualifications

• Minimum of 3 years’ experience in the insurance industry.
• At least 18 months of technical Insurance knowledge, preferably in Financial Lines.
• Sound understanding of London insurance market dynamics.

Responsibilities

• Assist with data gathering and preparation for submissions.
• Support negotiations with insurers and assist in presenting terms to clients.
• Accurate recording of broking activity and maintaining pipelines for senior brokers.

Skills

Insurance industry experience

Client relationship management

Effective communication

Analytical skills

Job description

Broker - Financial Institutions , London

Aon has an exciting opportunity for a Broker to join our Financial Institutions team, which forms part of our Global Broking Centre.

This role will suit an individual with some existing Financial Lines or Financial Institutions experience (or strong transferable insurance experience) who is looking to develop their career by supporting senior brokers and taking on increased responsibility over time. The role is primarily focused on assisting with the placement of Financial Lines insurances for US and Canadian financial institutions, including firms operating in the digital assets / Web3 sector.

You will work closely with experienced brokers, learning how to coordinate, support and contribute to the marketing and negotiation of Financial Institutions business within the Lloyd’s and Company Markets on a day-to-day basis, in line with our marketing strategy. This is a Hybrid role that will involve some office and home-based working.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organisation, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

In this junior position, you will support senior brokers with activities such as:

• Reviewing submissions and assisting with data gathering and preparation
• Supporting negotiations with insurers (both lead and follow markets)
• Helping to prepare and present terms to clients and our network partners
• Assisting with firm order broking via PPL and email
• Accurately recording broking activity in market sheets and internal systems
• Reviewing draft and final MRCs with support from senior team members
• Preparing and sending cover confirmations to clients and network offices
• Assisting with benchmarking analyses and placement advice prepared for clients
• Supporting the organisation and follow-up from client and insurer meetings
• Responding to routine accounting and claims (A/C) queries and escalating more complex issues as needed
• Helping to establish and maintain a pipeline of opportunities for the senior brokers and wider team
• Working in accordance with the Aon UK Limited Risk Management Framework, and complying with Aon UK Limited policies, including participating in required training and risk management activities that may affect the business, interests or reputation of any Group Company.

How this opportunity is different

This is an excellent opportunity for a junior insurance professional to:

• Build a career in Financial Lines for North American financial institutions, including innovative firms in the digital assets / Web3 sector
• Gain hands‑on exposure to Lloyd’s, the London market, European markets and other Aon facilities
• Work alongside and learn from senior brokers who handle some of the largest global Financial Institutions programmes
• Develop technical, analytical and relationship skills in a structured, supportive team environment

Skills and experience that will lead to success

• Minimum of 3 years’ experience gained within the insurance industry at either a Broker or Insurer
• Minimum of 18m technical Insurance knowledge, ideally with a Financial Lines background
• Sound understanding of London insurance market dynamics and core processes
• Ability to use insurance industry IT systems to efficiently deliver client service
• Experience of managing effective client relationships.
• Effective communication and presentation skills
• Good understanding of compliance and FCA regulation
• Ability to work well independently, as well as part of a collaborative team

How we support our colleagues

This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday. We also offer tremendous potential with a growing worldwide organisation.

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation on [e-mail].

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.