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Binding Broker

ENS Recruitment
Job LocationCity of London
EducationNot Mentioned
Salary£90,000 - £100,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

We are recruiting for an experienced Binding Authority Broker for our client who are an established and independent Lloyds broker. Based at their offices in London EC3. They pride themselves on their expertise, integrity, and bespoke service. This is agreat opportunity for an experienced Binding Broker to further their career. With a strong foothold in the insurance market, their focus is on delivering innovative solutions and maintaining enduring relationships with their clients and partners. Their teamis a blend of seasoned professionals and dynamic innovators, committed to upholding the highest standards of the industry.Role Overview:We are in search of an Experienced Binding Authority Broker who possesses an in-depth understanding of the insurance market, particularly within the binding authority space. The ideal candidate will have an established network within the UK broker communityand a track record of fostering growth and managing complex insurance portfolios.Key Responsibilities:

  • Business Development and Client Management:
  • Utilize existing broker networks to expand business and develop new opportunities.
  • Cultivate and manage client relationships, ensuring exceptional service and satisfaction.
  • Stay abreast of market trends to identify and capitalize on new business prospects.
  • Binding Authority Agreements Management:
  • Skilfully negotiate and manage binding authority agreements.
  • Maintain compliance with Lloyds of London standards and regulatory frameworks.
  • Assess the performance and profitability of binding authority contracts.
  • Risk Assessment and Portfolio Oversight:
  • Execute detailed risk evaluations for insurance proposals.
  • Oversee a diverse portfolio of binding authority contracts.
  • Offer expert advice on risk management and optimal coverage strategies.
  • Team Collaboration and Leadership:
  • Collaborate with underwriters, actuaries, and other insurance professionals.
  • Influence strategic planning and direction of the brokerage operations.
  • Guide and support the professional development of junior brokers and team members.
Qualifications:Extensive experience as a Binding Authority Broker, with a focus on the Lloyds market.Robust network within the UK insurance broker community.Deep understanding of insurance products, market dynamics, and regulatory landscape.Exceptional negotiation, communication, and relationship management skills.Salary up to £100,000 per annum dependent on skills/experience plus an attractive benefits package. For further information apply today or contact Kim Baker, ENS Commercial Recruitment, Westcliff on Sea, Essex.

Keyskills :
BrokerLloyds

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