Commercial Insurance Broker

Placements24; Cape Town; On-site; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Commission-based earnings

Career advancement opportunities

Job summary

Placements24 is seeking a Commercial Insurance Broker for our Cape Town, Western Cape office. You will manage and grow a commercial client portfolio, offering tailored insurance solutions and expert risk guidance with a client-centric approach.

The role requires a minimum 4 years in commercial insurance, FAIS RE5 accreditation, and strong relationship management skills. Travel within the Western Cape and a licensing requirement apply.

Qualifications

• 4+ years of experience as an insurance broker in commercial insurance.
• FAIS accreditation (RE 5) is essential.
• Relevant tertiary qualification (BCom or Diploma in Financial Services) preferred.
• Valid driver’s license and willingness to travel within the Western Cape.
• Proficiency in CRM and insurance broking software is required.

Responsibilities

• Develop and maintain strong relationships with commercial clients.
• Conduct needs assessments to identify client risks and coverage needs.
• Source, compare and present suitable policies from multiple providers.
• Negotiate terms and premiums with carriers for best coverage.
• Advise on risk management and loss prevention strategies.
• Manage policy lifecycle including renewals, endorsements and claims support.
• Meet and exceed sales targets and business development goals.
• Stay updated on industry trends, products and regulatory changes.
• Prepare proposals and presentations for clients; liaise with underwriters.

Skills

Client relationship management

Negotiation

Sales experience

Communication

Education

BCom

Diploma in Financial Services

Tools

RE5 accreditation

CRM software

Insurance broking software

Job description

About the Role

Our client, a prominent and reputable insurance firm, is actively seeking an experienced and client-focused Commercial Insurance Broker to be based in our Cape Town, Western Cape, ZA office. This role is crucial for managing and expanding our commercial client portfolio, providing tailored insurance solutions to businesses of all sizes. The successful candidate will be responsible for understanding client needs, identifying appropriate coverage, and ensuring client satisfaction through exceptional service. This is a fantastic career opportunity within the vibrant Cape Town business community, working in a client-facing role that demands expertise and dedication. The role requires your presence in our Cape Town office to effectively serve our valued clientele.

Key Responsibilities

• Develop and maintain strong, long-term relationships with commercial clients.
• Conduct thorough needs assessments to understand clients' unique business risks and insurance requirements.
• Source, compare, and present suitable insurance policies from various providers.
• Negotiate terms and premiums with insurance carriers to secure the best possible coverage for clients.
• Provide expert advice on risk management strategies and loss prevention techniques.
• Manage the entire policy lifecycle, including renewals, endorsements, and claims assistance.
• Meet and exceed sales targets and business development objectives.
• Stay updated on industry trends, new products, and legislative changes affecting commercial insurance.
• Prepare comprehensive proposals and presentations for prospective and existing clients.
• Liaise with underwriters and claims adjusters to facilitate smooth processing of policies and claims.

Requirements

• Relevant tertiary qualification (e.g., BCom, Diploma in Financial Services).
• A minimum of 4 years of experience as an insurance broker, specifically within the commercial insurance sector.
• Proven sales track record and experience in client relationship management.
• Strong understanding of commercial insurance products (e.g., business interruption, liability, property, fleet).
• Excellent negotiation, communication, and interpersonal skills.
• Ability to work effectively under pressure and meet tight deadlines.
• Valid driver's license and willingness to travel within the Western Cape region.
• FAIS accreditation (RE 5) is essential.
• Proficiency in relevant CRM and insurance broking software.

Benefits

We offer a competitive remuneration package that includes a base salary and an attractive commission structure, rewarding your sales performance. In addition to this, employees receive comprehensive medical aid benefits, a provident fund, and opportunities for career advancement and specialized training. You will be part of a supportive and professional team in a well-established firm located in Cape Town, Western Cape, ZA , with a strong focus on professional development and a positive work environment.