Commercial Account Executive
Commercial Account Executive

Commercial Account Executive

Wellingborough Full-Time 28800 - 48000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage client accounts, renewals, and identify insurance gaps while building strong relationships.
  • Company: Join a progressive UK broker known for excellent service and market expertise.
  • Benefits: Enjoy hybrid working, competitive salary, free parking, and generous holiday entitlement.
  • Why this job: Be part of a dynamic team with exposure to diverse clients and impactful work.
  • Qualifications: 1-2 years in commercial insurance, strong customer service, and compliance awareness required.
  • Other info: Opportunity to work towards Cert CII qualification and earn new business commissions.

The predicted salary is between 28800 - 48000 £ per year.

Operating from two key locations, our clients benefit from our extensive market knowledge, a wealth of technical experience and relationships with key underwriters. Coupled with excellent levels of service and pro-active account management, it’s easy to see why we’re one of the most progressive brokers in the UK today.

A great opportunity to join our dedicated Commercial Sales Team servicing and managing a full range of BQI customers dedicated to our SME & Corporate clients, incorporating long-standing, new clients, linked corporate businesses, contractors, property owners, motor trade, motor fleet plus many other client requirements. Our team members have full exposure to the range of businesses & classes of Insurance BQI deal with.

The opportunity

You’ll be responsible for developing a detailed understanding of your clients’ businesses and the risks they face. You’ll proactively contact your client prior to renewal, review their insurance programmes to identify any gaps in cover and, should any be highlighted, suggest appropriate means to mitigate these. You’ll be responsible for the full renewal cycle and will have access to a range of mainstream composite insurers, specialist carriers and MGAs. You will use your superb negotiation skills to secure your clients the most comprehensive levels of cover at competitive premiums.

Key areas of responsibility include:

  • To retain existing clients through active client management.
  • To build clients' confidence in BQI through demonstrating knowledge and delivery of service.
  • To identify and contact potential clients, converting to new business.
  • Networking to increase awareness of BQI/JMG proposition.
  • To communicate the firms’ proposition to clients effectively.
  • To generate referrals and make introductions for the client to other areas of the firms’ operations.
  • To follow BQI processes and policies.
  • To work within FCA rules and guidance as interpreted by the firms’ compliance policies and processes.
  • To proactively create, manage and follow through prospects to create a pipeline of prospective new clients.
  • To collect fees and premiums in accordance with the firms’ processes.
  • To build good working relationships with your immediate team and all other stakeholders and effectively network with suppliers and clients.
  • To achieve assigned sales targets.

What we’re looking for

To be successful in this role, you must have the following skills:

  • Previous experience as a Commercial Account Handler, ideally with 1-2 years industry exposure.
  • Strong understanding of commercial insurance products.
  • Experience of working to high standards of FCA compliance.
  • Consistent record of target achievement and business growth.
  • I.T. skills including use of an insurance IT system, ideally Acturis.
  • Strong organisation skills.
  • The ability to work to a high level of accuracy.
  • Exemplary customer service skills with the ability to build solid relationships with clients and insurers.
  • Regulatory and compliance awareness.
  • Willingness to work towards Cert CII or already hold qualifications.

What we offer

  • Competitive salary commensurate with level of experience.
  • New Business commission scheme.
  • Free parking.
  • Hybrid working environment following successful settling in period.
  • Company Pension scheme.
  • Generous holiday entitlement, including birthday day off.
  • Bupa Healthcare Cash Plan.
  • Life Assurance.
  • Many more...

Commercial Account Executive employer: BQI Insurance

Join a forward-thinking company that prioritises employee development and offers a vibrant work culture in the heart of the UK. As a Commercial Account Executive, you will benefit from competitive salaries, a hybrid working environment, and a comprehensive benefits package including a generous holiday entitlement and Bupa Healthcare Cash Plan. With a focus on professional growth and a supportive team atmosphere, this role provides an excellent opportunity to thrive in the insurance industry while making meaningful contributions to our SME and Corporate clients.
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Contact Detail:

BQI Insurance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Commercial Account Executive

✨Tip Number 1

Familiarise yourself with the specific commercial insurance products that BQI offers. Understanding these products will not only help you in interviews but also demonstrate your genuine interest in the role and the company.

✨Tip Number 2

Network within the industry to build connections with potential clients and other professionals. Attend relevant events or join online forums where you can engage with others in the commercial insurance space, as this could lead to valuable referrals.

✨Tip Number 3

Brush up on your negotiation skills, as they are crucial for securing competitive premiums for clients. Consider role-playing scenarios with friends or colleagues to practice your approach and responses.

✨Tip Number 4

Stay updated on FCA regulations and compliance standards. Being knowledgeable about these guidelines will not only prepare you for the role but also show your commitment to maintaining high professional standards.

We think you need these skills to ace Commercial Account Executive

Commercial Insurance Knowledge
Client Relationship Management
Negotiation Skills
FCA Compliance Awareness
Sales Target Achievement
Prospecting and Lead Generation
Attention to Detail
Organisational Skills
Customer Service Excellence
Insurance IT Systems Proficiency (e.g., Acturis)
Networking Skills
Risk Assessment
Communication Skills
Problem-Solving Skills
Cert CII Qualification (or willingness to pursue)

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience as a Commercial Account Handler. Emphasise your understanding of commercial insurance products and any previous achievements in target achievement and business growth.

Craft a Compelling Cover Letter: Write a cover letter that showcases your knowledge of the company and its services. Mention specific skills that align with the job description, such as negotiation skills and customer service excellence.

Showcase Relevant Experience: In your application, provide examples of how you've successfully managed client relationships and identified gaps in insurance coverage. Use metrics to demonstrate your impact, such as retention rates or new business conversions.

Highlight Compliance Awareness: Since the role requires adherence to FCA rules, mention any relevant training or experience you have in regulatory compliance. This will show that you understand the importance of compliance in the insurance industry.

How to prepare for a job interview at BQI Insurance

✨Know Your Insurance Products

Make sure you have a solid understanding of commercial insurance products. Be prepared to discuss how different policies can meet various client needs, as this will demonstrate your expertise and ability to provide tailored solutions.

✨Showcase Your Negotiation Skills

Since negotiation is key in securing the best deals for clients, come prepared with examples of past negotiations you've successfully handled. Highlight how you achieved competitive premiums while ensuring comprehensive coverage.

✨Demonstrate Client Management Experience

Be ready to talk about your experience in managing client relationships. Discuss how you've retained clients through proactive communication and service, and share specific instances where you've identified and addressed gaps in their coverage.

✨Familiarise Yourself with FCA Compliance

Understanding FCA rules and compliance is crucial in this role. Brush up on relevant regulations and be prepared to discuss how you've adhered to these standards in your previous roles, showcasing your commitment to ethical practices.

Commercial Account Executive
BQI Insurance
B
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