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Senior Binding Authority Broker
Job summary
A leading company is seeking a Senior Binding Authority Broker to manage binding authority agreements and drive business development. This role requires extensive experience within the insurance market, ideally within the Lloyd's framework, and offers an excellent salary and benefits package.
Benefits
Qualifications
- Extensive experience as a Binding Authority Broker with a focus on the Lloyd's market.
- Established network within the UK insurance broker community.
- Deep understanding of insurance products, market dynamics, and regulatory landscape.
Responsibilities
- Utilize existing broker networks to expand business and develop new opportunities.
- Negotiate and manage binding authority agreements while ensuring compliance.
- Collaborate with underwriters and influence strategic planning.
Skills
Location: London, Essex
Job Type: Permanent
Ref: SJP230765
Experienced Binding Authority Broker who possesses an in-depth understanding of the insurance market, particularly within the binding authority space.
The ideal candidate will have an established network within the UK broker community and a track record of fostering growth and managing complex insurance portfolios.
Responsibilities:
Business Development and Client Management:
Utilize existing broker networks to expand business and develop new opportunities.
Cultivate and manage client relationships, ensuring exceptional service and satisfaction.
Stay abreast of market trends to identify and capitalize on new business prospects.
Binding Authority Agreements Management:
Skilfully negotiate and manage binding authority agreements.
Maintain compliance with Lloyd's of London standards and regulatory frameworks.
Assess the performance and profitability of binding authority contracts.
Risk Assessment and Portfolio Oversight:
Execute detailed risk evaluations for insurance proposals.
Oversee a diverse portfolio of binding authority contracts.
Offer expert advice on risk management and optimal coverage strategies.
Team Collaboration and Leadership:
Collaborate with underwriters, actuaries, and other insurance professionals.
Influence strategic planning and direction of the brokerage operations.
Guide and support the professional development of junior brokers and team members.
Extensive experience as a Binding Authority Broker, with a focus on the Lloyd's market.
Robust network within the UK insurance broker community.
Deep understanding of insurance products, market dynamics, and regulatory landscape.
Exceptional negotiation, communication, and relationship management skills.
Excellent salary and benefits package is offered.
If you feel you have the relevant experience, then please submit your CV for consideration.
Alternatively, please contact Su Partridge FIRP for further information.
The Recruiter Insurance Specialists are acting as a Recruitment Agency
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.