Recruiting now
| Posted: | 04/11/24 | |
| Recruiter: | COWELL RECRUITMENT | |
| Reference: | 2840668494 | |
| Type: | Permanent | |
| Industry: | Business Services | |
| Salary: | £28,000 - £40,000 Annual | |
| Location: | Worcester, Worcestershire | |
| Description: | Job Title: Trainee Commercial Insurance Broker Location: WORCESTER Job Overview We are looking for a driven and enthusiastic individual to join our team as a Trainee Commercial Insurance Broker. This role is an excellent opportunity to develop a career in the commercial insurance industry, where you ll learn to assist businesses with their insurance needs, gain essential industry qualifications, and work closely with experienced brokers. You will learn about a range of commercial insurance products and how to tailor these to meet the unique needs of business clients. Key Responsibilities Client Support & Relationship Building Assist senior brokers in understanding the insurance needs and risk profiles of business clients across industries such as retail, construction, professional services, and manufacturing. Act as a point of contact for clients, handling basic queries and supporting them with insurance policy information. Develop and maintain strong working relationships with clients, gaining trust and understanding their evolving insurance needs. Policy Administration Support the preparation, renewal, and management of commercial insurance policies, ensuring accuracy and compliance with both client and regulatory requirements. Maintain detailed client records, assist with the preparation of client presentations, and draft policy endorsements. Process documentation, including applications, adjustments, renewals, and cancellations, under the guidance of senior brokers. Market Research & Quote Preparation Conduct research on available commercial insurance products, providers, and market rates, using these insights to assist with providing tailored quotes. Assist in preparing quotations and proposals for clients, ensuring competitive pricing and thorough coverage based on client needs. Liaise with insurers and underwriters to negotiate terms and conditions that benefit clients, with supervision from senior brokers. Support senior brokers in assessing client risk factors and reviewing insurance options that align with their business goals and risk tolerance. Contribute to developing risk management strategies, ensuring clients have adequate coverage for their specific industry risks. Professional Development & Compliance Participate in structured training programmes, working towards Chartered Insurance Institute (CII) qualifications and other relevant industry certifications. Stay updated on regulatory and compliance requirements, as well as industry trends, to ensure the highest standard of service and advice. Ensure adherence to Financial Conduct Authority (FCA) regulations and company policies in all client interactions. Qualifications Education: A minimum of a GCSE or equivalent qualification including Maths Licensing: Willingness to pursue CII qualifications and other necessary certifications. Experience: Prior experience in customer service, sales, or administration is advantageous but not essential. Skills & Competencies Communication Skills: Strong verbal and written communication skills, capable of explaining insurance products to clients in an understandable way. Analytical Abilities: Basic understanding of financial principles and commercial awareness, with good research skills and attention to detail. Customer-Focused: A friendly, client-oriented approach, with the ability to build trust and maintain positive relationships with clients. Team Collaboration: Works effectively within a team, demonstrating a willingness to assist colleagues and learn from others. Organisational Skills: Highly organised with strong time-management skills to manage multiple tasks and client requests efficiently. Adaptability: A proactive learner with a flexible attitude towards training and development opportunities. Benefits Competitive starting salary with performance-based incentives. Sponsorship for CII qualifications and ongoing professional development. Career progression opportunities within the commercial insurance sector. Employee benefits, including pension scheme, health coverage, and annual leave. Cowell Recruitment Ltd is an equal opportunities recruitment agency. Please note: Only applicants with right to work full time (RTW) will be considered for this role. E&OE. | |