New Business Broker

MPJ Recruitment Ltd; Manchester; Hybrid; GBP 35,000 - 40,000; Full time

Job summary

A leading international business in Manchester is seeking a motivated New Business Broker to join their team. In this role, you will effectively manage and broker new business leads, negotiating terms and preparing market presentations. The ideal candidate will have strong relationship management skills and a commitment to providing quality service to clients. This position offers a competitive salary between £35,000-£40,000, plus numerous benefits including hybrid working and qualification funding.

Benefits

25 days holiday plus bank holidays

Qualification funding after probation

Defined contribution pension scheme

Life insurance coverage

Income protection up to 50%

Health cash plan or private insurance

Paid volunteering days

Employee Stock Purchase plan

Discounted gym membership

Season ticket loan

Emergency backup family care

Qualifications

• Proven experience in broking new business leads is essential.
• Strong understanding of insurance products and markets required.
• Familiarity with Acturis or similar platforms is beneficial.

Responsibilities

• Broking new business leads through effective communication with Account Executives.
• Preparing and presenting risks for market analysis.
• Negotiating terms with insurers to secure the best policy coverage.

Skills

Relationship management

Negotiation

Analytical skills

Capacity to build quotations

Job description

New Business Broker

Monday-Friday 9:00am-5:00pm (hybrid working)

Manchester

Salary 35,000- 40,000 DOE plus bonus

MPJ Recruitment are currently working with a leading international business based in Manchester. We're seeking to recruit a motivated, professional and dedicated New Business Broker to join their team.

You will be responsible for ensuring effective broking of new business leads. Working in partnership with our Account Executives to provide a quality service to new clients by advising, arranging and securing appropriate cover to meet their demands and needs.

New Business Broker duties:

• Maintain close relationships with Account Executives to successfully break new business leads into the open market and Delegated Authorities.
• Prepare risks for the market by analysing submission information.
• Create Market presentations and break all risks to market including complex risks, fleet, e-trade & schemes.
• Negotiate terms both in respect of price and policy coverage.
• Produce Quote report documents & provide to Exec ahead of client meeting.
• Compare cover options, assess suitability and build quotations and reports as appropriate.
• Ensure all details of calls, correspondence and risk details updates are uploaded to Acturis.
• Instruct Insurers in good time, check & issue policy documentation including Certificates.
• Invoice, arrange finance, process card payments.
• Diary all outstanding matters and follow up as appropriate.
• Manage all account queries highlighting any concerns to line managers on time.
• Raise any complaints, errors or omissions with management on discovery to protect the business reputation.
• Maintain and update knowledge of insurance products, services and markets as and when developments occur.
• Build and maintain network of contacts in both internal and external markets.
• Provide training and/or coaching for less experienced colleagues.

New Business Broker Benefits:

• 25 days holiday, plus bank holidays, and the option to 'buy' 5 more days.
• Qualification funding after successfully passing your probationary period.
• Hybrid working.
• Defined contribution pension scheme, which we will also contribute to.
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
• Income protection, we'll cover up to 50% of your annual income, with options to top up.
• Health cash plan or Private medical insurance.
• Fully paid volunteering days per year.
• Employee Stock Purchase plan, offering company shares at a discount.
• Share incentive plan, HMRC approved, tax effective, stock purchase plan.
• Critical illness cover.
• Discounted gym membership.
• Season ticket loan.
• Access to a discounted vouchers to save money on your weekly shop or your next big purchase.
• Emergency back-up family care.

Click APPLY if you are interested. We will be in touch immediately.