• Broker (Financial Lines)

    Requisition ID 2445956
    Job Family GB-London
  • Posting Description

    2445956 - Broker (Financial Lines), (London, UK)

     

    We’re hiring!

     

    Aon are currently recruiting a Broker to join our Financial Lines team which is part of the Global Broking Centre in London.

     

    The role is for a contributor with sound technical knowledge and ability who can deliver of all market (and network) facing activity within scope of responsibility efficiently.

     

    About Aon

     

    Headquartered in London, Aon Plc is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

     

    Aon is an equal opportunities employer.  Aon's recruitment and selection policy ensures the best possible skill mix of colleagues and the highest quality candidates are appointed using objective job-related criteria.

     

    Global Broking Centre - London

     

    The Global Broking Centre in London is an integral part of Aon’s global broking strategy. The GBC provides colleagues from across the Aon network with access to specialist brokers and client managers, dedicated client solutions and thought leadership, and significant global insurance capacity.

     

    The GBC works with network colleagues to deliver market-leading solutions to Aon clients, creating a competitive advantage in our placement strategies worldwide.

     

    About the Role

     

    Your impact as a Broker:

     

    Core functional activity:

    Send initial engagement to client/network

    Review / create / enhance underwriting submissions

    Review draft / final MRC

    Present terms to client / network

    Send cover confirmation to client/network

    Lead quote broking

    Client relationship management (mostly network clients)

    Follow market broking

    Firm order broking (mostly PPL)

    File maintenance – ECM

    Record broking activity in market sheets

    Complete quote/firm order information in Brokasure including final MRC

    Scan / index final agreed slip

    Provide invoicing instructions

     

    Secondary functional activity: 

    Providing benchmarking and placement advice to clients

    Client meetings

    Binding authority placement and management

     

    Occasional (optional) functional activity:

    Establish and manage pipeline

    Produce and/or deliver tenders

    Market relationship management

    Define marketing strategy (specific to placement)

    SPS design / placement

    Respond to account queries

    Create BID documentation if required

    Create bespoke wordings / clauses (per client)

    Develop best in class product wordings (for SPS/product etc)

    File Reviews / Technical Reviews / Peer Reviews

    Provide technical wording advice to client/network

    Provide technical training / guidance to colleagues

     

    Responsibility for working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.

     

    About you

     

    Your knowledge and expertise:

     

    Sound understanding of London insurance market dynamics and core processes

    Excellent technical financial lines insurance knowledge

    Ability to interpret and use data effectively

    Strong analytical expertise

    Ability to use insurance industry IT systems to efficiently deliver client service

    Experience of managing effective client relationships

    Good problem solving skills

    Good interpersonal skills

    Good level of numeracy

    Effective communication and presentation skills

    Good understanding of compliance and FCA regulation

    Ability to work well as part of a team

    Demonstrate integrity and professionalism

    Degree in subjects such as Law, Business, Finance is desirable 

    Fluency in Italian is highly desirable

     

    Salary and Benefits

     

    This role offers a competitive salary and bonus, plus a comprehensive benefits package and 25 days holiday. Through our flexible benefits, you will also have the opportunity to choose additional benefits, including healthcare, childcare vouchers and additional holiday.  We also offer tremendous potential with a growing worldwide organisation.

     

    Our Colleague Experience

     

    Every day, our colleagues make a difference, work with the best, own their potential, and value one another. Together, we share this one purpose: to empower economic and human possibility around the world. This unifying goal is at the heart of our identity, and it lives in everything we do. To learn more about our colleague experience, visit Aon Colleague Experience.

     

    We’re happy to talk flexible working. If you need to flex your working pattern, Aon offers flexible and agile working policies and we’re happy to discuss options with you upon application

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