Junior Broker – Cyber (EMEA UK)

AON; London; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

A leading financial services firm in London is seeking a Junior Broker to assist with cyber insurance placements for EMEA and UK domiciled risks. The role involves negotiation, communication, and collaboration with senior brokers. Candidates should possess good negotiation skills, be flexible, and have experience in the London market. This position offers a hybrid working model along with a supportive and inclusive company culture.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Flexible working options

Qualifications

• Ability to manage workload effectively.
• Experience in London market documentation and systems.
• Flexibility to accommodate new inquiries or projects.

Responsibilities

• Attend and prepare for underwriting calls.
• Negotiate and present terms to clients and markets.
• Manage post-placement activities and documentation.

Skills

Teamwork

Communication skills

Negotiation skills

Language skills

Job description

Overview

Junior Broker – Cyber (EMEA UK) 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 organization, 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

Some of your key responsibilities will involve:

• Discovery Meeting / Pre-Renewal Strategy Meeting
• Create client work-up sheet (NB)
• Engage with network office on prospect (NB)
• Attend PRISM (pre renewal internal meeting) (R)
• Provide slide input for meeting
• Attend discovery / pre-renewal meeting
• Take meeting notes + create action points
• Send email to markets requesting appetite / capacity
• Create capacity/ market tracker spreadsheet

• Submission / Underwriting Call Preparation
• Arrange NDAs with UWs and create NDA tracker
• Request list of questions / topics for submission and UW call
• Review the submission before sending to insurers
• Book room for client presentation
• Set up meeting invite on Teams and send to UWs
• Create market attendance tracking sheet

• Underwriting Call / Q&A
• Attend underwriting call
• Intro / outro for underwriting call
• Takes notes during underwriting call
• Collate questions from underwriting call not answered
• Request additional questions and feedback from markets after underwriting call
• Set up Q&A spreadsheet and send to network
• Cover Matrix / Primary market negotiation / New Business or marketing the primary

• Primary negotiation Renewal
• Discuss coverage requirements with client
• Create cover matrix
• Send cover matrix to all possible Primary markets
• Request Primary terms
• Create Primary quote comparison spreadsheet

• Present initial Primary terms to client / network
• Discuss coverage requirements with client
• Negotiate primary wording / amendments/endorsements
• Request / Negotiate Primary terms
• Create summary of Primary Terms
• Present initial Primary terms to client / network
• Further negotiation with primary if required
• When agreed with client advise primary market

• Excess layer negotiation
• Send Final Primary terms and agreed primary wording to excess markets
• Negotiate terms with each excess layer
• Present excess layer terms to client / network
• Send excess layer terms/quotes to markets
• Keep market tracker up to date

• Binding and Post placement
• Present final tower to client / Network
• Obtain bind order from client / network
• Send bind order to all markets
• Send confirmation of cover bound to client / network
• Oversee creation of Slips in Brokasure
• ECM all Critical documents
• Load slip on PPL
• Send to offshore for invoicing
• Attend to offshore queries / credit control queries

How this opportunity is different

EMEA/UK Wholesale Cyber Junior Broker - with ability to support placements for large EMEA and UK domiciled risks into the London Market place. They will be working alongside a Senior Broker or Director and our Aon Network Colleagues in the region to contribute to the strategy, marketing and negotiation of business within the Lloyd’s and Company Markets on a day to day basis in accordance with Marketing Strategy. They should have good communication/ negotiating skills, and appropriate market relationships.

Skills and experience that will lead to success

They should be able to work well in a team and be able to self-manage their workload, in accordance with the above defined process, while being flexible to accommodate new inquiries or projects that will contribute to the enhancement of the service we provide to the Network. They should have experience and command of the documentation and systems involved in placing open market business in the London market. Ability to speak other languages is welcomed.

How we support our colleagues

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 essential 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.

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#Hybrid

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