Commercial Insurance Broker

Bionic Services Ltd; City Of London; On-site; GBP 27,000 - 35,000; Full time

Job summary

A leading insurance services company in the UK is seeking Commercial Insurance Brokers to build relationships and provide tailored insurance solutions. The role involves understanding client needs and negotiating terms with Insurers. Strong sales ability and experience in the regulated insurance industry are key. The company offers a supportive culture for professional development, competitive salary, and comprehensive benefits, including private healthcare and generous leave policies.

Benefits

Private healthcare cover

Employee Assistance Programme

25 days annual leave

Enhanced maternity and parental leave

Pension scheme

Cycle to work scheme

Highflyers incentive

Qualifications

• Proven track record in building and maintaining relationships with Insurers.
• Exceptional written and oral communication skills.
• Experience in a highly regulated insurance industry.

Responsibilities

• Understand and assess customers' commercial insurance needs.
• Maintain strong relationships with existing customers.
• Negotiate policy terms and premiums with Insurers.

Skills

Relationship building with Insurers

Sales ability

Communication skills

Time management

Problem-solving skills

Knowledge of regulatory compliance

Education

Progress towards CII qualification

Job description

🚀 Elevate Your Insurance Career at Bionic!

🌟 One of our fastest growing departments within Bionic - offering outstanding progression, commission scheme and your Bionic funded CII qualification!

Base salary: £27,000 - £35,000 (dependant on experience)

OTE: up to £47,000

🚀 The Bionic Group

We are Bionic, the UK’s number one business comparison and switching service. It’s our mission to make it radically easier to run a small business and earn the lifetime loyalty of British businesses.

To do this, we combine world‑class human service with smart technology and data. This means our tech‑enabled experts can quickly match business owners with the best deals on their business essentials – energy, connectivity, insurance, and finance.

We also partner with leading price comparison websites, including Compare the Market, MoneySuperMarket, Uswitch for Business, and Confused.com, who trust us to provide their business energy switching services.

🔍 Join Us as a Commercial Insurance Broker!

We are currently seeking 2 friendly and driven Commercial Insurance Brokers to join our fast‑paced insurance sales department. In this role, you will be responsible for understanding our customers' commercial insurance needs and building strong relationships with them. You'll have the opportunity to work with warm, inbound leads from multiple sources and provide tailored insurance solutions to meet their specific requirements.

Situated in our vibrant, award‑winning sales floor, you will be:

• Building and maintaining strong relationships with our customers, keeping them at the centre of our processes and interactions

• Understanding our customers' insurance needs and providing the right level of protection to meet those needs

• Complying with regulatory requirements, including Data Protection and FCA guidance, as well as adhering to our governance and control framework

• Developing and maintaining relationships with Insurers and Managing General Agents (MGA's)

• Negotiating policy terms and premiums with Insurers and MGA's

• Identifying opportunities to cross‑sell our other services to existing Bionic customers

• Converting new customers from lead to quote to policy within defined conversion metrics

• Ensuring high renewal rates by effectively managing existing customer relationships

• Efficiently managing your diary, scheduling and attending meetings, and maintaining accurate records in our systems
• Handling customer queries and processing Mid Term Adjustments (MTAs) to existing policies efficiently and within agreed timeframes
• Managing your inbox proactively, responding promptly to customer and insurer queries, and escalating any concerns to your Team Leader or the Technical team where appropriate

🌟 About You

• Proven track record in building and maintaining relationships with Insurers, with the ability to negotiate policy terms and costs

• Demonstrated sales ability in securing new business deals of all sizes, with excellent conversion rates

• Exceptional written and oral communication skills

• Excellent time management and problem‑solving abilities

• Experience of working in highly regulated insurance industry is essential

• Progress towards relevant qualifications such as CII is preferred

Upon passing probation, you’ll gain full support for your CII studies, including access to our comprehensive apprenticeship programme designed to help you progress, develop your industry knowledge, and build your insurance expertise.

Benefits

We know that our employees are what sets us aside from our competitors, our benefits are just part of the way we say thanks.

Enhance your health & wellbeing 🌱

• Private healthcare cover

• Employee Assistance Programme, including a virtual GP service, priority physio & talking therapies

• Eyecare scheme

Taking time away from work 🏖️

• 25 days annual leave, increasing with tenure

• 1 paid family & religious day of leave per year - following successful probation period

• 1 paid charity volunteering day per year

• Option to buy/sell up to an additional 3 days leave per year

Family matters: for the special moments 🏠

• Enhanced maternity, paternity or shared parental leave

• 2 days off for your wedding upon joining, and up to 5 days after 2 years’ service

Financial wellbeing 💸

• Auto‑enrolled salary sacrifice pension scheme

• Life assurance

• Season ticket Loans, salary advances & loans to buy/rent a home – based on tenure

• Cycle to work scheme

Recognition 🌟

• Highflyers incentive, a VIP experience for our high performers across Bionic group to celebrate success

• Company summer & Christmas party celebrations, business and local zonely & annual awards and recognition

• Long service awards