Commercial Insurance Broker - Hybrid

Placements24; Gqeberha; Hybrid; ZAR 350,000 - 700,000; Full time

Benefits offered by this job

Hybrid work model

Health and retirement benefits

Professional development support

Access to insurer network

Job summary

Placements24 in Port Elizabeth is seeking a dedicated Commercial Insurance Broker to manage a diverse portfolio of commercial clients, sourcing coverage from multiple insurers and advising on risk management.

The role combines office-based client engagement with remote workdays in a hybrid model, requiring 3+ years in commercial insurance, strong negotiation skills, and a client-focused approach.

Qualifications

• 3+ years as an Insurance Broker focusing on commercial lines.
• Proven ability to build and maintain a strong client base.
• In-depth knowledge of property, liability, and business interruption coverages.
• Excellent negotiation, communication, and interpersonal skills.
• Familiarity with brokerage management systems and insurance industry software.

Responsibilities

• Develop and maintain strong relationships with commercial clients, understanding their insurance needs and risk profiles.
• Source, negotiate, and place commercial insurance policies from various insurance carriers.
• Analyze client needs and recommend appropriate coverage options, including property, casualty, liability, and specialized coverages.
• Advise clients on risk management strategies and loss prevention techniques.
• Manage client renewals, ensuring retention and identifying opportunities for cross-selling and up-selling.
• Stay abreast of market trends, new products, and regulatory changes affecting commercial insurance.
• Collaborate with underwriters to secure competitive terms and coverage for clients.
• Prepare and present insurance proposals and summaries to clients.
• Handle client inquiries and resolve any issues or disputes promptly and professionally.
• Maintain accurate client records and policy information in the brokerage management system.

Skills

Client relationship management

Negotiation

Communication skills

Interpersonal skills

Analytical abilities

Education

RE 5 certification

Bachelor's degree in Business/Finance

Tools

Brokerage software

Job description

About the Role

Our client, a reputable brokerage firm specializing in commercial insurance solutions, is seeking a dedicated and client-focused Commercial Insurance Broker to join their team in Port Elizabeth. This hybrid role allows for a flexible work arrangement, combining office-based client engagement and strategic planning with remote workdays. You will be responsible for managing a diverse portfolio of commercial clients, understanding their unique risk exposures, and sourcing appropriate insurance coverage from a range of reputable insurers. The successful candidate will possess excellent communication and negotiation skills, a thorough understanding of commercial insurance products, and a commitment to providing exceptional client service. This is an excellent opportunity to build lasting relationships and contribute to the growth of our client's business in the Eastern Cape region.

Key Responsibilities

• Develop and maintain strong relationships with commercial clients, understanding their insurance needs and risk profiles.
• Source, negotiate, and place commercial insurance policies from various insurance carriers.
• Analyze client needs and recommend appropriate coverage options, including property, casualty, liability, and specialized coverages.
• Advise clients on risk management strategies and loss prevention techniques.
• Manage client renewals, ensuring retention and identifying opportunities for cross-selling and up-selling.
• Stay abreast of market trends, new products, and regulatory changes affecting commercial insurance.
• Collaborate with underwriters to secure competitive terms and coverage for clients.
• Prepare and present insurance proposals and summaries to clients.
• Handle client inquiries and resolve any issues or disputes promptly and professionally.
• Maintain accurate client records and policy information in the brokerage management system.

Requirements

• Minimum of 3 years of experience as an Insurance Broker, with a focus on commercial lines.
• Proven ability to build and maintain a strong client base.
• In-depth knowledge of commercial insurance products, including property, liability, and business interruption.
• Excellent negotiation, communication, and interpersonal skills.
• Familiarity with brokerage management systems and insurance industry software.
• Relevant insurance certifications (e.g., RE 5) are highly advantageous.
• Bachelor's degree in Business, Finance, or a related field is preferred.
• Ability to work effectively in a hybrid model, demonstrating self-discipline and organizational skills.
• Strong problem-solving and analytic abilities.
• Passion for client service and exceeding expectations.

Benefits

• Competitive annual salary ranging from Rands , plus commission and performance bonuses.
• Hybrid work model for enhanced work-life balance.
• Comprehensive health and retirement benefits.
• Support for professional development and continuing education.
• Access to a wide network of insurance providers.
• A supportive and collaborative team environment.
• Opportunity to work with a diverse range of commercial clients.
• Based in the vibrant city of Port Elizabeth.
• Career growth opportunities within a growing brokerage firm.