Commercial Insurance Broker - Vereeniging

Placements24; Vereeniging; Hybrid; ZAR 420,000 - 700,000; Full time

Benefits offered by this job

Hybrid work model

Competitive base salary with lucrative

Commission-based rewards

Medical aid and retirement fund

Job summary

Placements24 is seeking a driven Commercial Insurance Broker to join our client in Vereeniging, Gauteng. The role blends client-facing work with administrative duties in a hybrid setup, focused on acquiring new commercial clients and managing a growing book of business.

You will negotiate terms with clients and insurers, analyze risks, and stay abreast of market trends. Required are 5+ years in commercial insurance, RE5 or NQF Level 5, and strong CRM and office software skills.

Qualifications

• 5+ years experience as an Insurance Broker, focusing on commercial lines.
• Excellent negotiation, sales and client relationship management skills.
• Strong analytical and problem-solving abilities.
• Proficiency with CRM systems and standard office software.

Responsibilities

• Develop and execute strategies to acquire new commercial insurance clients.
• Analyze business risks and recommend appropriate insurance products and coverage.
• Place commercial insurance with suitable providers and negotiate terms.
• Manage and service an existing portfolio of commercial clients to ensure retention.
• Conduct regular reviews of clients' insurance programs and adjust as needed.
• Stay informed on market trends, products and regulatory changes.
• Collaborate with claims to ensure smooth processing of claims.
• Build relationships with clients, insurers and internal teams.
• Meet or exceed sales and revenue targets.

Job description

About the Role

Our client is seeking a driven and experienced Commercial Insurance Broker to join their team in Vereeniging, Gauteng. This hybrid role involves both client-facing responsibilities and administrative tasks, offering a dynamic work environment. You will be responsible for identifying and securing new commercial insurance business, managing existing client relationships, and providing expert advice on risk management solutions. The ideal candidate will possess a deep understanding of the commercial insurance market, strong negotiation skills, and a proven ability to build and maintain a profitable book of business. You will work closely with a diverse range of businesses, from small enterprises to larger corporations, understanding their unique needs and providing tailored insurance coverage.

Key Responsibilities

• Develop and execute strategies to acquire new commercial insurance clients.
• Analyze business risks and recommend appropriate insurance products and coverage.
• Place commercial insurance business with suitable insurance providers.
• Negotiate terms, premiums, and conditions with clients and insurers.
• Manage and service an existing portfolio of commercial insurance clients, ensuring retention and satisfaction.
• Conduct regular reviews of clients' insurance programs and advise on necessary adjustments.
• Stay abreast of market trends, new products, and regulatory changes affecting commercial insurance.
• Liaise with claims departments to ensure smooth processing of commercial claims.
• Build and maintain strong relationships with key stakeholders, including clients, insurers, and internal teams.
• Achieve and exceed sales and revenue targets.

Requirements

• A minimum of 5 years of experience as an Insurance Broker, specializing in commercial lines.
• Proven track record of successfully acquiring and retaining commercial insurance clients.
• In-depth knowledge of commercial insurance products, markets, and underwriting principles.
• Excellent negotiation, sales, and client relationship management skills.
• Strong analytical and problem-solving abilities.
• Relevant industry qualifications (e.g., RE5, NQF Level 5) are essential.
• Must be able to work effectively in a hybrid capacity, attending the Vereeniging office as required.
• Ability to work independently and manage a busy workload.
• Professional demeanor and strong ethical conduct.
• Proficiency in CRM systems and standard office software.

Benefits

• Competitive base salary with a lucrative commission structure.
• Performance-based bonuses and incentives.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional growth and development, including CPD.
• Hybrid work model offering flexibility.
• Supportive and collaborative team environment.
• Access to a wide network of insurers and products.