Broker (Construction) | Job in Tyne And Wear

Are you an experienced Construction Broker looking for a new challenge in the North East region? We are currently seeking a dynamic and ambitious individual to join our team as a Broker specializing in Construction within the vibrant Lloyd's market.

As a Construction Broker, you will be responsible for:

• Developing and maintaining strong relationships with clients in the construction industry.

• Understanding clients' needs and providing tailored insurance solutions.

• Negotiating terms with insurers and service providers to secure competitive pricing for our clients.

• Collaborating with underwriters, account handlers, and other team members to ensure seamless service delivery.

• Staying abreast of market trends and developments to provide expert advice to clients.

• Competitive salary package, including a generous base salary and performance-based bonus structure.

• Opportunities for career progression within our expanding business.

• Collaborative work environment with a team that values professional growth and development.

• Central location in the heart of the North East, offering easy access to amenities and transport links.

• Comprehensive benefits package, including pension scheme, private medical insurance, and more.

• Proven experience as a Construction Broker within the Lloyd's market.

• Strong understanding of the construction industry, including its risks and insurance needs.

• Excellent relationship-building skills and the ability to win and retain clients.

• Solid negotiating and communication skills.

• Ability to work collaboratively within a team and independently when necessary.

• A proactive approach to business development and market trends.

If you are an ambitious Construction Broker looking for an exciting new opportunity in the North East, we would love to hear from you. Please apply with your CV and covering letter detailing why you believe you would be a great fit for our team.

Skill Requirements

• Extensive experience: Minimum of 7 years in the construction insurance brokerage industry, with a proven track record of success in the Lloyd's market.

• Technical knowledge: Thorough understanding of construction risk and insurance products, including but not limited to: builders risk, professional indemnity, property damage, casualty, environmental liability, and surety bonds.

• Market knowledge: Comprehensive knowledge of the London and international construction market trends, risks, and opportunities.

• Negotiation skills: Proven ability to negotiate effectively with brokers, underwriters, and clients to secure optimal terms for all parties involved.

• Relationship management: Strong ability to build and maintain relationships with key stakeholders, including brokers, underwriters, and clients.

• Client focus: Demonstrated capacity to understand client needs, provide tailored solutions, and deliver exceptional service.

• Business development: Proven track record in business development and account management, including the ability to identify new business opportunities, manage pipelines, and close deals.

• Communication skills: Excellent verbal and written communication skills, with the ability to articulate complex ideas clearly and concisely.

• Strategic thinking: Ability to think strategically about the brokerage business, make informed decisions, and develop strategies that drive growth and profitability.

• Organizational skills: Strong organizational skills, with the ability to manage multiple tasks, prioritize effectively, and meet deadlines consistently.

• Problem-solving skills: Ability to analyze complex problems, identify solutions, and execute those solutions efficiently and effectively.

• Adaptability: Flexibility to adapt to changing market conditions, business needs, and technological advancements.

• Professional qualifications: Chartered Insurance Broker (CIB) or equivalent qualification is desirable but not essential.

• Network: Strong network within the construction industry and the Lloyd's market is beneficial.

• Education: Degree in a related field, such as business, finance, risk management, or insurance, is advantageous.

• Languages: Fluency in additional languages, particularly French or German, is desirable but not essential.

By meeting these skill requirements, candidates will be well-positioned to excel in the role of Broker (Construction) - Up to base + bonus - Lloyds market in the North East region. Successful candidates can look forward to a challenging and rewarding career within a dynamic and successful organization.

Candidate Profile

*Job Title:

• Broker (Construction) - Up to base + bonus - Lloyds market

*Location:

• North East, United Kingdom

We are seeking a highly motivated and experienced Construction Broker to join our dynamic team in the North East. Ideal candidates should possess a strong understanding of the Lloyd's market, with a proven track record in brokering construction risks.

• Minimum 5 years of experience as a Construction Broker in the Lloyd's market or equivalent.

• In-depth knowledge of construction risk and insurance products.

• Strong negotiation and client relationship management skills.

• Excellent communication and interpersonal skills.

• Ability to work independently and manage multiple tasks simultaneously.

• Proactive approach to business development and growth opportunities.

• Competitive base salary with performance-based bonus structure.

• Comprehensive benefits package, including pension scheme and private medical insurance.

• Opportunity for career progression within a leading brokerage firm.

• Collaborative and supportive work environment.

• Central location in the North East with excellent transport links.

If you meet the qualifications and are interested in this opportunity, please submit your CV along with a cover letter detailing your relevant experience and reasons for applying.

We value diversity and welcome applications from candidates of all backgrounds. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We look forward to receiving your application!

Purpose of Role

In this dynamic and challenging role as a Construction Broker in the North East region, you will be responsible for expanding our client base and strengthening relationships within the construction sector in the Lloyd's market. Your primary goal is to act as a bridge between our clients and the insurance market, offering bespoke solutions that mitigate their risks effectively.

• Business Development: Identify and pursue new business opportunities within the construction industry. This involves understanding client needs, proposing appropriate insurance solutions, and negotiating terms to close deals.

• Relationship Management: Build and maintain strong relationships with existing clients, ensuring their ongoing satisfaction and fostering long-term partnerships.

• Risk Assessment and Advisory: Conduct comprehensive risk assessments for clients in the construction sector. Provide expert advice on risk management strategies and insurance products that align with their unique requirements.

• Market Knowledge: Maintain a deep understanding of the Lloyd's market, its products, and its evolving trends. Leverage this knowledge to provide superior service to clients and maximize business opportunities.

• Team Collaboration: Work closely with internal teams such as Underwriters, Claims, and Risk Management to deliver seamless insurance solutions to our clients.

• Performance Metrics: Consistently meet or exceed set targets in terms of new business generation, client retention, and revenue growth.

• Compliance: Adhere to all relevant regulations, company policies, and the Lloyd's Market Code of Practice.

• Proven track record as a Construction Broker or similar role within the insurance industry.

• Extensive knowledge of the construction sector and the Lloyd's market.

• Strong business development and relationship management skills.

• Excellent communication and negotiation abilities.

• Ability to work effectively in a fast-paced, results-driven environment.

• Strong analytical and risk assessment skills.

• A relevant qualification such as Certificate in Insurance or equivalent is desirable but not essential.

This role offers an exciting opportunity to grow your career in a vibrant and competitive market. If you are a proactive, results-oriented individual with a passion for construction insurance, we would love to hear from you. Join us, and together, let's shape the future of our clients and our company.

Perks and Advantages

*Perks and Advantages *

In this exciting opportunity as a Construction Broker within the Lloyds market in the North East, you'll be offered an attractive remuneration package with a competitive base salary and performance-based bonus structure. Here are some of the key benefits that make this role stand out:

• Competitive Salary and Bonus Structure: Earn a competitive base salary that reflects your experience and skills, complemented by a performance-driven bonus structure that rewards your hard work and dedication.

• Professional Growth: The company offers ample opportunities for professional development. This includes training programs, mentorship schemes, and access to industry experts, helping you expand your knowledge and skills in the construction insurance sector.

• Collaborative Work Environment: Join a team of experienced professionals who are passionate about what they do. Collaborate, learn, and grow with a supportive and inclusive work environment that fosters innovation and teamwork.

• Exposure to the Lloyds Market: This role provides unique exposure to the Lloyds market, offering you the chance to work with some of the most influential players in the construction insurance industry.

• Location Advantage: Based in the North East, this role offers a great quality of life, with easy access to picturesque landscapes, vibrant cities, and a friendly community. The region also boasts a lower cost of living compared to other major UK cities.

• Comprehensive Benefits Package: In addition to your salary and bonus, you'll enjoy a comprehensive benefits package that includes pension, health insurance, and various wellbeing programs to help you maintain a healthy work-life balance.

• Career Progression Opportunities: The company values talent development and offers excellent opportunities for career progression within the organization. With your hard work and dedication, there are ample opportunities for advancement in this dynamic industry.