Broker Analyst

Full Time Permanent

South Wales Jobs

Engage Recruitment are pleased to be recruiting for a leading specialty insurance group based in Bridgend. We are looking for a Broker Analyst to work within the Compliance team!

Are you looking at a long term career path and to work for a company that truly value their staff?

Look no further, this is a great opportunity for the right candidate who is looking for a long-term career in insurance. This role is for an enthusiastic and positive team player! The company offer an attractive benefits package and a progressive salary route.

Job Role

To assist with the review and approval of brokers in line with agreed service standards, which includes:

* Due diligence review and approval of new brokers in line with our Intermediary Vetting Procedures;

* Issuing and managing signed terms of business agreements (‘ToBA’);

* Reviewing and responding to ToBA queries; and

* Monitoring of brokers to ensure that the appropriate level of due diligence review has been performed based on the income produced.

To work alongside other members of the Compliance Department to maintain the Customer Relationship Management (‘CRM’) system, housing a central database for all third parties.

To review and approve the monthly dun & bradstreet (d&b) checks via CRM on all existing brokers.

To run CRM reports on third party statistics for inclusion within the reports produced for various Committees., providing input to developments to these reports on a regular basis.

To develop the CRM system so that it continues to remain an effective third-party oversight system and assist with the ongoing, historic changes required to the system.

To manually cleanse the broker data migrated over from historic systems and subsequently issue updated ToBA’s to all cleansed brokers.

To circulate market updates and guidance, as necessary, to business units within the company on compliance with regulatory and Lloyd’s requirements relating to brokers.

To perform the necessary review of sub-brokers for any cascading risk transfer requests received from third parties.

To assist with the review, development and implementation of any changes to the Broker Oversight Framework, including the broker section of the Third Party Training module.

To review and facilitate the responses for any Brexit-related queries, where relevant.

To provide co-ordination support for internal audit reviews, where required.

To complete ad hoc tasks as requested by the Senior Compliance Officer and / or Broker Compliance Manager.

To build and maintain strong relationships with the Compliance Department and all business units.

To assist the Senior Compliance Officer / Broker Compliance Manager with all broker-related objectives noted within the annual Compliance Plan.

Skills and Experience Specification

* Experience within the insurance industry.

* Experience within a Compliance Department.

* Computer literate with knowledge of Microsoft Office products, i.e. Word and Excel.

* Strong organisational and workload management skills.

* Strong analytical and written skills.

* Attention to detail; due diligence and investigative skills.

* Ability to communicate effectively with individuals at all levels of the business in a confident and professional manner.

* Hard working, diligent and a quick learner.


* Experience within the Lloyd’s Insurance Market.

* Experience dealing with brokers.


* Salary ranging between £21,000 to £23,000 depending on experience

* Monday – Friday 09:30 – 17:00

* Opportunities to progress within a global organisation

* 25 days holiday + bank holidays (plus 1 day for each year achieved)

* Private Healthcare

* Annual performance bonus

* 10% total pension

* £30 monthly wellbeing payment

* Fresh fruit provided daily

* Team lunches + days out


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