Account Executive Executive
Account Executive Executive

Account Executive Executive

Wellingborough Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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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, generous holidays, and a company pension scheme.
  • 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 I.T. skills required.
  • Other info: Opportunity for professional growth with support towards industry qualifications.

The predicted salary is between 36000 - 60000 £ 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 MGA’s. 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…

Account Executive Executive employer: BQI Insurance

Join a forward-thinking brokerage that prioritises employee development and offers a dynamic work culture. With a competitive salary, hybrid working options, and a comprehensive benefits package including a pension scheme and healthcare plan, we empower our Account Executives to thrive in their roles while servicing a diverse range of clients. Our commitment to excellence and proactive account management ensures that you will be part of a team that values your contributions and fosters professional growth.
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Contact Detail:

BQI Insurance Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Account Executive Executive

✨Tip Number 1

Familiarise yourself with the specific commercial insurance products that BQI offers. Understanding these products will not only help you in conversations with potential clients but also demonstrate your commitment to the role and the company.

✨Tip Number 2

Network actively within the insurance industry, especially with professionals who have experience in commercial account handling. Attend industry events or join relevant online forums to build connections that could lead to referrals or insights about the role.

✨Tip Number 3

Brush up on your negotiation skills, as this role heavily relies on securing the best deals for clients. Consider role-playing scenarios with friends or colleagues to practice articulating your value proposition effectively.

✨Tip Number 4

Stay updated on FCA regulations and compliance standards relevant to the insurance industry. This knowledge will not only prepare you for the role but also show your potential employer that you are proactive and serious about adhering to industry standards.

We think you need these skills to ace Account Executive Executive

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

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in commercial insurance and account management. Emphasise any previous roles where you've successfully retained clients or achieved sales targets.

Craft a Compelling Cover Letter: In your cover letter, demonstrate your understanding of the insurance industry and the specific needs of BQI's clients. Mention your negotiation skills and how you can contribute to client retention and business growth.

Showcase Relevant Skills: Clearly outline your skills that match the job description, such as your knowledge of FCA compliance, customer service excellence, and proficiency with insurance IT systems like Acturis.

Highlight Achievements: Include specific examples of past achievements, such as successful client renewals or new business conversions. Quantify your successes where possible to make a stronger impact.

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 and how you can identify gaps in coverage.

✨Demonstrate Your Negotiation Skills

Since negotiation is key in this role, think of examples from your past experiences where you successfully negotiated terms or premiums for clients. Highlight your strategies and the outcomes.

✨Showcase Your Client Management Experience

Prepare to talk about your previous experience in managing client relationships. Discuss how you retained clients and built their confidence in your service, as well as any specific challenges you overcame.

✨Familiarise Yourself with FCA Compliance

Understanding FCA rules is crucial for this position. Brush up on relevant regulations and be ready to explain how you have adhered to compliance standards in your previous roles.

Account Executive Executive
BQI Insurance
B
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