Job Title: Trainee Commercial Insurance Broker
Location: WORCESTER
Department: Commercial Insurance
Salary: £28 - £40k (Neg DOE)
Employment Type: Full-Time
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
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Assist senior brokers in understanding the insurance needs and risk profiles of business clients across industries such as retail, construction, professional services, and manufacturing.
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Act as a point of contact for clients, handling basic queries and supporting them with insurance policy information.
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Develop and maintain strong working relationships with clients, gaining trust and understanding their evolving insurance needs.
Policy Administration
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Support the preparation, renewal, and management of commercial insurance policies, ensuring accuracy and compliance with both client and regulatory requirements.
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Maintain detailed client records, assist with the preparation of client presentations, and draft policy endorsements.
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Process documentation, including applications, adjustments, renewals, and cancellations, under the guidance of senior brokers.
Market Research & Quote Preparation
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Conduct research on available commercial insurance products, providers, and market rates, using these insights to assist with providing tailored quotes.
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Assist in preparing quotations and proposals for clients, ensuring competitive pricing and thorough coverage based on client needs.
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Liaise with insurers and underwriters to negotiate terms and conditions that benefit clients, with supervision from senior brokers.
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Support senior brokers in assessing client risk factors and reviewing insurance options that align with their business goals and risk tolerance.
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Contribute to developing risk management strategies, ensuring clients have adequate coverage for their specific industry risks.
Professional Development & Compliance
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Participate in structured training programmes, working towards Chartered Insurance Institute (CII) qualifications and other relevant industry certifications.
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Stay updated on regulatory and compliance requirements, as well as industry trends, to ensure the highest standard of service and advice.
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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. E&OE.