HamburgerMenu
iimjobs
Job Views:  
466
Applications:  21
Recruiter Actions:  0

Job Code

1660074

Prudent Insurance Brokers - Senior Manager - Commercial Lines

Prudent Insurance Brokers Private Limited.5 - 12 yrs.Hyderabad
Posted 10 months ago
Posted 10 months ago

Senior Manager Commercial Lines (Placement)


Department: Commercial Lines


Location: Mumbai (Headquarters)


Reporting To: Vice President


Role Summary:


The Senior Manager for Commercial Placement acts as the primary "Deal Maker" and relationship bridge between Prudents business clients and the insurance market. In this role, you aren't just selling a product; you are a strategic negotiator responsible for finding the best possible protection for large businesses.


You will spend your time building a powerful network with insurance companies, analyzing a client's history to understand their risks, and using your expertise to bargain for lower prices and better coverage. This position requires a professional who enjoys social interaction, possesses a sharp eye for detail, and thrives in a fast-paced environment where "getting the best deal" is the top priority.


Responsibilities:


- Partnership & Relationship Building: Act as the face of Prudent by meeting regularly with key decision-makers at various insurance companies to maintain a strong, active network.


- Client Needs Analysis: Deeply dive into each client's specific business needs, current policy details, and historical data to understand exactly what kind of insurance "package" they require.


- Data-Driven Storytelling: Study past insurance claims and data "dumps," turning messy information into clear, professional reports that explain the client's situation to insurance providers.


- Strategic Negotiation: Pitch client proposals to insurance companies and lead the bargaining process to secure the most competitive prices and widest coverage terms.


- Market Shopping & Benchmarking: Manage the "bidding" process, ensuring that multiple insurance companies provide quotes within strict deadlines so the client has the best options to choose from.


- Liaison & Communication: Act as the central point of contact between the insurance companies and our internal sales teams, ensuring everyone is updated on the status of a deal.


- Market Intelligence: Stay "in the know" regarding new insurance products and industry trends, identifying which insurance companies are currently offering the best terms for specific types of businesses.


- Mentorship & Knowledge Sharing: Share your "pro-tips," negotiation secrets, and market insights with your teammates to help the entire department grow.


- Problem-Solving & Consultation: Take a helpful, "find a way" approach to every deal, looking for creative solutions when an insurance company is hesitant to offer terms.


- Timeline Management: Take full ownership of the renewal calendar, making sure no client is left unprotected due to a missed deadline.


Key Requirements:


- Professional Experience: 5 to 12 years of experience working within an insurance company or a brokerage firm, specifically in roles focused on managing relationships with insurers.


- People & Influence Skills: Exceptional ability to build rapport, convince others, and navigate difficult negotiations with a win-win mindset.


- Communication Excellence: High level of proficiency in both spoken and written English, necessary for presenting insights to senior leadership and external partners.


- Time Management: A proven track record of handling multiple high-priority tasks simultaneously without letting anything fall through the cracks.


-Service Mindset: A genuine passion for helping clients and providing a "best-in-class" experience.


- Team Collaboration: A collaborative spirit that thrives in an award-winning "Great Place to Work" culture.


- Education: A Master's degree in any field of study.


- Preferred Skills Analytical Thinking: The ability to look at a spreadsheet and quickly summarize the "story" the numbers are telling.


- Conflict Resolution: Staying calm and professional when insurance companies and clients have differing expectations.


- Industry Network: Having an existing circle of contacts within the Mumbai insurance market is highly advantageous.


- Solution-Oriented: The ability to look past a "No" and figure out the specific conditions under which an insurer would say "Yes."

Didn’t find the job appropriate? Report this Job

Similar jobs that you might be interested in
Job Views:  
466
Applications:  21
Recruiter Actions:  0

Job Code

1660074

Loading chat...