What you'll do:
As an Insurance Broker, your role will be pivotal in driving the success of our client's business. You will be at the forefront of identifying new business opportunities, developing strong relationships with clients, understanding their unique insurance needs, providing expert advice on suitable coverage options, preparing detailed proposals, negotiating favourable terms with insurers, managing client accounts for optimal satisfaction, ensuring regulatory compliance, working closely with underwriters for best coverage outcomes, maintaining accurate client records, staying abreast of industry trends, regulations, product developments, and sharing this knowledge within your network.
- Identify and pursue new business opportunities through direct sales and marketing activities.
- Develop and maintain relationships with clients to understand their insurance needs and requirements.
- Provide clients with advice and guidance on insurance products and services, recommending appropriate coverage levels.
- Prepare and present insurance proposals to clients, negotiating terms and conditions with insurers on their behalf.
- Manage and monitor client accounts to ensure satisfaction and retention.
- Ensure compliance with regulatory requirements and industry standards.
- Work closely with insurance underwriters to secure the best terms and coverage for clients.
- Manage and maintain accurate records of client information and insurance policies.
- Keep up-to-date with industry trends, regulations, and product developments, sharing knowledge with clients and colleagues.
What you bring:
The ideal candidate for the Insurance Broker position brings a wealth of experience from the insurance brokerage industry. Your strong academic background in Business, Insurance or Finance coupled with your extensive experience in direct insurance positions you as an expert in this field. Your deep understanding of insurance products/services, regulatory requirements and market trends enables you to provide top-notch service to your clients. Your excellent communication skills allow you to build and maintain strong relationships with clients and underwriters. Your negotiation skills are second to none, ensuring the best terms and coverage for your clients. Your organisational skills and attention to detail enable you to manage multiple clients and policies simultaneously. Above all, your results-driven approach ensures that you consistently meet and exceed sales targets.
- Bachelor’s degree in Business, Insurance, Finance or a related field.
- At least 5 years of experience in the insurance brokerage industry, focusing on direct insurance.
- Strong knowledge of insurance products/services, regulatory requirements, market trends.
- Excellent communication/interpersonal skills; ability to build/maintain strong relationships with clients/underwriters.
- Strong negotiation skills; ability to secure best terms/coverage for clients.
- Highly organised/detail-oriented; ability to manage multiple clients/policies simultaneously.
- Results-driven; track record of meeting/exceeding sales targets.
What sets this company apart:
Our client is a leading insurance and reinsurance brokerage company. They specialise in providing risk management solutions and insurance brokering services to a diverse range of clients across various industries. With a team of experienced professionals and a commitment to excellence, they strive to deliver exceptional services and expertise. They offer a competitive compensation package, including salary, bonus, and bonus share scheme, as well as excellent benefits.
Do note that we will only be in touch if your application is shortlisted.
Robert Walters (Singapore) Pte Ltd
ROC No.: 199706961E | EA Licence No.: 03C5451
EA Registration No.: R1435983 Glen Chua
