Graduate Trainee Broker

  • Apprenticeship Reference: 1167007795-2
  • Date Posted: 16 November 2023
  • Apprentice Employer: Yes Agency
  • Location: Stockport, Cheshire
  • Apprentice Pay: £25,000 to £30,000
  • Apprenticeship Sector: Insurance
  • Apprenticeship Type: Permanent

About this Apprenticeship

Insurance Account Manager & Trainee Account Executive - full training given

Qualifications needed

2:1 degree

3 A Levels including Maths

6 GGCSES including Maths and English

This position is for a dedicated, enthusiastic, conscientious person, who is interested in protecting businesses.

Key aspects of the role are:

  1. Advising business leaders on how to manage risk;

  2. Providing solutions to help them deal with risk;

  3. Designing robust, value for money, corporate insurance portfolios, so that in the event of a disaster, a business has

    appropriate support and financial protection, to enable the organisation to recover and prosper;

  4. Managing corporate insurance portfolios.

The initial position available is as an Account Manager. Principally, you will be responsible for servicing corporate clients, which includes but is not limited to: taking instructions from clients; advising clients; negotiating insurance premiums and terms with underwriters; processing policy amendments; checking, producing and issuing documentation; and handling claims. The position will provide a platform for you to develop into a reliable insurance practitioner.

Subsequently, a Trainee Account Executive role will be offered to you, subject to:

  1. The Account Manager role being performed to a good standard;

  2. You being thorough, industrious, ethical and reliable;

  3. You qualifying by examination to become an Associate of the Chartered Insurance Institute (ACII) ;

  4. You showing the skills and positive caring attitude required to succeed as an Account Executive in our business.

An Account Executive's duties include, but are not limited to:

  1. Visiting clients and prospective clients;

  2. Conducting site surveys/inspections;

  3. Assessing the risks to which companies are exposed;

  4. Providing advice to companies on how to deal with risk;

  5. Issuing reports on risks and insurance portfolios;

  6. Designing insurance portfolios;

  7. Producing risk presentations for submission to insurers;

  8. Negotiating with underwriters;

  9. Presenting reports to clients and prospective clients;

  10. Working with and training Account Managers.

You will need:

  1. A positive caring attitude: businesses will be dependent on you; that includes their reputation, their profits and their

    employees' jobs.

  2. The following key skills:

    1. a) Relationship building: an ability to develop valued relationships;

    2. b) Organisation: you will have many tasks at the same time;

    3. c) Prioritisation: to ensure key tasks are completed on time;

    4. d) Analytical: there will be much data to obtain and study;

    5. e) Presentation and communication: you will need to effectively convey key information;

    6. f) Negotiation: to secure good results for your clients.

  3. To be smartly dressed.

  4. To be dedicated and determined to succeed.

This is a very challenging and responsible position. It will take you a minimum of 3 years working as an Account Manager, to gain the knowledge, experience and ACII qualification before you are ready to progress to a Trainee Account Executive role.