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- Tasks: Join our team as a Commercial Account Executive, managing diverse insurance needs for businesses.
- Company: We are a leading broking firm based in Newton Abbot, known for our supportive culture.
- Benefits: Enjoy a negotiable salary, bonus structure, and a range of perks like pension and holidays.
- Why this job: This role offers growth opportunities, client interaction, and a chance to make a real impact.
- Qualifications: You need commercial insurance knowledge and strong communication skills to thrive in this position.
- Other info: This is a long-term opportunity with a focus on professional development and teamwork.
The predicted salary is between 28800 - 48000 £ per year.
We are currently looking for a Commercial Account Executive to join the successful and welcoming team based out of the Newton Abbot office.
The Commercial Account Executive is central to the regional operations and will deal with a variety of classes of insurance for various business types and sizes. Access to various, sometimes unique market wordings and online underwriting systems will give you a strong position in finding the most appropriate insurances to suit clients' demands and needs.
The position requires a good understanding of client business operations, opportunities, risks and their approach to risk management and insurance. In addition, you will need proven experience in the offer and presentation of commercial insurances to secure renewal or new business elements to a client's programme. Relationship management and client service techniques are key to this role. Annual targets revolve around maintaining and achieving income growth on the account via the expansion of your client portfolio and from any new business.
This is a long-term and progressive opportunity with a stable and key broking location. You will need commercial insurance knowledge either from a specific sector or generic cross-class.
The day to day:
- Meet and deliver against your agreed Renewal Retention and/or New Business targets, contributing towards overall budget objectives & KPI’s.
- Complete all roles and tasks as required, ensuring you adhere to procedures and policies at all times.
- Creating a customer-led culture where sales and customer standards, discipline, activities, and best practice are delivered.
- Client visits, presentations to insurers, obtaining and submitting best in market quotations for new business or renewals.
- Debt Management - ensure all monies are collected and allocated appropriately and keep line manager informed of any current, potential or perceived problems with bad debt.
- Manage and prioritise your diaries/tasks, these are to be kept up to date.
- Complete any training that is deemed necessary for your role and complete the actions set in line with your plan.
- Ensure all training is completed to deadline set for you and your team. Log all training and development on your Continuous Professional Development Plan (CPD).
What’s on offer:
- Negotiable basic salary.
- Bonus Structure.
- Wide range of additional add-on benefits and discounts (Pension, Holiday etc).
Your experience:
- Good knowledge of broking commercial insurance risks across various business lines.
- Experience of commerce and industry and familiarity with markets and economic trends.
- Ability to develop and maintain business contacts and goodwill.
- Excellent interpersonal, written and verbal communication skills.
- Ability to prepare and present reports.
- Pro-active and self-motivated.
- Strong planning and organisation skills to meet deadlines.
- Attention to detail.
- Co-operative and supportive team player.
Contact Detail:
Brown & Brown UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Account Executive
✨Tip Number 1
Familiarise yourself with the specific types of commercial insurance that are relevant to the role. Understanding the nuances of different classes of insurance will help you engage more effectively during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in commercial broking. Attend industry events or join online forums to build connections that could provide insights or even referrals for the position.
✨Tip Number 3
Prepare to discuss your experience with client relationship management. Think of specific examples where you've successfully maintained or grown a client portfolio, as this is crucial for the role.
✨Tip Number 4
Research StudySmarter's values and culture to align your approach during the interview. Showing that you understand and resonate with our mission can set you apart from other candidates.
We think you need these skills to ace Commercial Account Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial insurance and client relationship management. Use specific examples that demonstrate your understanding of client business operations and risk management.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your knowledge of broking commercial insurance risks and how your skills align with the job requirements, particularly in achieving renewal retention and new business targets.
Highlight Relevant Skills: In your application, emphasise your interpersonal, written, and verbal communication skills. Provide examples of how you've successfully prepared and presented reports or managed client relationships in previous roles.
Showcase Your Achievements: Include quantifiable achievements in your application, such as meeting or exceeding sales targets or successfully managing a diverse client portfolio. This will demonstrate your ability to contribute to income growth and client satisfaction.
How to prepare for a job interview at Brown & Brown UK
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of commercial insurance risks and the various business lines. Being able to discuss specific examples or trends in the market will show that you're well-prepared and knowledgeable.
✨Demonstrate Relationship Management Skills
Prepare to discuss how you've successfully managed client relationships in the past. Think of specific instances where you maintained or grew a client portfolio, as this is crucial for the role.
✨Showcase Your Communication Skills
Since excellent communication is key, practice articulating your thoughts clearly and confidently. Be ready to present your ideas and experiences in a structured manner, as if you were presenting to a client.
✨Prepare Questions for Them
Have a few insightful questions ready to ask at the end of the interview. This shows your interest in the role and helps you gauge if the company culture aligns with your values.
