Senior Broker

TN United Kingdom; Stratford-upon-Avon; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Senior Broker to join their National Intermediary Services team. This role focuses on managing new business placements and negotiating terms with insurers, ensuring high-quality outcomes for clients. The ideal candidate will possess strong negotiation skills and a deep understanding of the commercial insurance market. With a supportive culture and a commitment to professional development, this position offers a unique opportunity to thrive in a dynamic environment while contributing to the success of a leading insurance provider.

Benefits

Annual bonus (up to 17.5% of salary)

Contributory pension scheme (up to 20%)

25 days annual leave + bank holidays

Family Friendly policy

Gym membership contribution

Health and wellbeing plan

Employee Volunteering

Life Assurance cover of 4 x salary

Employee discounts on insurance policies

Qualifications

• Experience in a market-facing trading role within an insurer or large broker.
• Strong knowledge of the general commercial insurance market.

Responsibilities

• Manage new business and renewals for commercial and mid-corporate clients.
• Negotiate terms with insurance partners and oversee business placement.

Skills

Negotiation Skills

Analytical Skills

Influencing Skills

Problem Solving

Education

Dip CII

Job description

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• Manage the placement of predominately Large Corporate, Complex or Multi class solutions
• Opportunity to manage the placement of commercial and mid-corporate new business and renewals
• Hybrid up to 60% homeworking options available

About the role

Due to substantial growth, we are looking for a Senior Broker within our National Intermediary Services (NIS) department. The role will focus on new business and supporting and negotiating terms with our insurers. Further involvement in the support of the renewal of existing policies and involves the oversight and tactical placement of business to ensure retention and high-quality outcomes for NFU Mutual customers.

You’ll manage the placement of commercial and mid-corporate new business and renewals ranging from casualty, property, and additional lines of business supporting our office network of Agents throughout the process. You’ll liaise with insurance partners to obtain and negotiate appropriate terms and ensure they’re provided in line with our agreed criteria.

Another part of your role will be to attend meetings with our office network to work on new business pipelines and discuss upcoming renewals and cross-selling opportunities. As a subject matter expert, you may support our Agents in the field, accompanying them on client visits to provide information on the best placement of their insurances. If you have experience and knowledge of the commercial insurance market, having operated in either a broker or insurer, and are looking for a new and different challenge, this role could be for you.

You’ll identify opportunities for product and pricing enhancements and negotiate and deliver agreed improvements designed to ensure NIS delivers the best products and maintains a competitive advantage. Deliver short-term/one-off projects and activities as required by and to the standards and outcomes agreed with your Line Manager.

You’ll also seek out potential enhancements for products and pricing strategies, and successfully negotiate and implement the agreed-upon advancements. These efforts are aimed at ensuring that NIS consistently offers top-tier products and secures a competitive edge. Additionally, execute short-term or singular projects and tasks to the quality and results specified and agreed upon with your Line Manager.

Role known internally as NIS Broking & Technical Specialist

This role falls under Insurance Distribution Directive requirements, and as a result, role holders will be required to demonstrate ongoing Continuous Professional Development in role, along with undergoing regular re-screening to show that they are of “Good Repute”. Further information can be found in the.

About you

Ideally Dip CII qualified, you’ll have trading experience either within an insurer or large broker in a market-facing trading role.

Strong knowledge of the general commercial insurance market combined with technical expertise in commercial lines is key. You’ll also bring your knowledge within High-Risk Liability, Complex Property, and London Market Placements.

In terms of skills, you’ll possess excellent negotiation and influencing skills combined with the ability to lead and drive performance through others. You’ll have an analytical mind with the ability to problem solve on technical cases.

We will be keen to hear more about your experience in delivering results in a targeted insurance regulatory environment, your technical knowledge of commercial general insurance products, and your understanding of trading in the marketplace.

At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory, and we welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

Benefits and Rewards

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

• Annual bonus (up to 17.5% of salary)
• Contributory pension scheme, up to 20%, including your 8% contribution
• 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme
• A Family Friendly policy that helps you balance your work and family responsibilities
• Access to savings at High Street brands, travel and supermarkets
• £20 contribution to a monthly gym membership – subject to T&Cs
• Health and wellbeing plan - cashback for dentist, opticians, physio, and more
• Access to voluntary benefits, including health assessments, private medical insurance, and dental insurance
• Employee Volunteering - volunteering in the community for one day each year
• Unlimited access to Refer a Friend £500 bonus scheme
• Life Assurance cover of 4 x salary
• Employee discounts of 15% on a range of NFU Mutual insurance policies

Working at NFU Mutual

We’re one of the UK’s leading general insurance and financial services companies. For over 110 years, we’ve put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being “a great place to work” and are one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award, and one of only 2 companies to receive the award for the ninth consecutive year. We were also named in the LinkedIn Top 25 Companies List 2021, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023 and 2024.

We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.