At a Glance
- Tasks: Manage client accounts and renewals in the commercial insurance sector.
- Company: Join a well-established broker in the dynamic insurance market.
- Benefits: Enjoy hybrid working options and a competitive salary package.
- Why this job: Be part of a driven team focused on growth and client satisfaction.
- Qualifications: In-depth knowledge of commercial insurance is essential.
- Other info: Opportunity to work with diverse clients and complex risks.
The predicted salary is between 36000 - 60000 £ per year.
Established Broker within the Insurance Markets are looking for a Commercial Insurance professional for servicing an existing book of Commercial and Corporate clients. You must be comfortable looking after premiums anywhere from £10k up to £250k where the risks can be complex. Seeking a driven, hardworking, and business focussed individual to help sustain the team to achieve both renewal retention and growth rates.
Responsibilities:
- Control the renewal process for your clients.
- Gather information from Clients and Prospects.
- Maintain a strong existing Client Book.
- Openly discuss renewal terms with customers and seek alternatives to discuss with them.
- Talk to brokers and gain access to the most competitive terms that meet the client objectives.
- Visit with clients as appropriate.
- Assess account queries and credit control matters, resolve efficiently, and raise any concerns with the right team.
- Identify and act upon new-business opportunities, using sound judgement to recommend them if appropriate.
You will have an in-depth knowledge of the Commercial Insurance Markets.
Hybrid working - Liverpool Street London. Please submit your CV for consideration.
Job Types: Full-time, Permanent. Salary: Competitive to attract the successful individual.
Commercial Insurance Account Manager employer: The Recruiter Ltd
Contact Detail:
The Recruiter Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Insurance Account Manager
✨Tip Number 1
Network with professionals in the commercial insurance sector. Attend industry events or join relevant online forums to connect with potential colleagues and clients. This can help you gain insights into the market and may lead to referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in commercial insurance. Being knowledgeable about current market conditions will not only boost your confidence but also impress potential employers during discussions.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed client accounts in the past. Highlight your ability to handle complex risks and demonstrate your problem-solving skills when it comes to client queries.
✨Tip Number 4
Showcase your understanding of the renewal process and your strategies for retention and growth. Be ready to share ideas on how you would approach maintaining and expanding the existing client book.
We think you need these skills to ace Commercial Insurance Account Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial insurance, particularly with managing complex risks and large premiums. Use specific examples to demonstrate your skills in client management and renewal processes.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the commercial insurance market. Mention your ability to maintain client relationships and discuss how you can contribute to renewal retention and growth rates.
Highlight Relevant Skills: Emphasise skills such as negotiation, communication, and problem-solving in your application. These are crucial for discussing renewal terms and resolving account queries effectively.
Showcase Your Knowledge: Demonstrate your in-depth knowledge of the commercial insurance markets in your application. Mention any relevant qualifications or experiences that make you a strong candidate for this role.
How to prepare for a job interview at The Recruiter Ltd
✨Know Your Numbers
Be prepared to discuss your experience with managing premiums, especially in the range of £10k to £250k. Highlight specific examples where you've successfully handled complex risks and how you approached those situations.
✨Demonstrate Client Relationship Skills
Since the role involves maintaining a strong existing client book, be ready to share examples of how you've built and nurtured client relationships in the past. Discuss your approach to open communication and how you handle renewal discussions.
✨Showcase Your Market Knowledge
Familiarise yourself with current trends in the Commercial Insurance Markets. Be prepared to discuss how you stay updated and how this knowledge can benefit the company and its clients.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, particularly around account queries and credit control matters. Think of scenarios where you've had to resolve issues efficiently and be ready to explain your thought process.