Account Executive

Account Executive

Newmarket Full-Time 28800 - 42000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Build and manage client relationships while driving business growth in insurance.
  • Company: Join Lycetts Insurance Brokers, part of Benefact Group, a top-rated employer committed to charity.
  • Benefits: Enjoy hybrid working, competitive salary, annual bonuses, and 25+ days holiday.
  • Why this job: Be part of a collaborative culture focused on sustainability and personal development.
  • Qualifications: A positive attitude and previous insurance experience are preferred.
  • Other info: Gain industry-recognised qualifications with on-the-job training.

The predicted salary is between 28800 - 42000 £ per year.

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Working hours: 35 hours per week, Monday to Friday

Duration: Permanent

Location: Newmarket (hybrid working of 2 days working from home per week available upon successful completion of probation)

About the role

Lycetts Insurance Brokers, who are proudly part of Benefact Group, are looking for an Account Executive to join our Newmarket office.

As an Account Executive, you will build a book of business in Farm & Estate, Commercial & Bloodstock; ensuring client retention, business growth, and cultural alignment. You will manage client renewals, negotiate with insurers, drive new business, and provide claims support. Strong relationship management and strategic insight are essential for success in this role.

Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK\’s top 50 Best Large Companies to Work For in 2024, we offer fantastic career and development opportunities within a rapidly growing, innovative Group—where all profits go to charity and good causes.

What you\’ll be doing

  • You will play a critical role in growing, retaining, managing and servicing your clients insurance needs; integrating new business, retaining an existing client base and providing expert advice.
  • Providing excellent customer services through creating and building relationships
  • Developing negotiation skills with underwriters to provide your clients with the very best policy for their requirements
  • To source potential new clients, give advice on individual new business leads, set up meetings and lead presentations for large prospective clients;
  • Advise and consult with clients as and when any claims arise, liaise with loss adjusters or internal claims teams where appropriate.
  • Ensure New Business/Renewal targets are achieved
  • Comply with all compliance requirements

What you\’ll need to have

  • A positive ‘can do’ attitude and the ability to find solutions

What makes you stand out

  • Previous broking/insurance experience

Hear from the hiring manager

“This is a great opportunity to join a growing office within a highly successful organisation, providing the foundations of starting or progressing your insurance career. We are looking for someone to become an integral part of our team by building and fostering long term relationships within the area whilst having on the job training and the chance to gain industry recognised qualifications.”

Zoe – Divisional Director at Lycetts

What we offer

  • A competitive salary – let\’s discuss it
  • Hybrid working available upon successful completion of probation
  • Employer pension contribution of 5% rising to 10% after 5 years membership of the pension scheme
  • Annual Bonus scheme (Discretionary based on individual and company performance)
  • Life Assurance cover up to 4 x salary
  • 25 days annual leave plus bank holidays (rising to 26 and 27 for 5 and 10 years’ service respectively)
  • Career development opportunities with funded support and financial incentives for all professional qualifications.

About us

The Lycetts Group has over 60 years’ experience of providing a comprehensive range of insurance, risk management and financial advice to a broad cross section of commercial and private clients. We strive to be a trusted adviser to our clients and are proud of our continued high client satisfaction scores.

Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.

We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.

At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.

If you need any additional support during the recruitment process, then please let us know.

*Directory of Social Change’s UK Guides to Company Giving 2017-26

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Account Executive employer: Ecclesiastical Insurance Group

Lycetts Insurance Brokers, part of the Benefact Group, is an exceptional employer located in Newmarket, offering a collaborative and inclusive work culture that prioritises employee growth and development. With a commitment to making a positive impact through charitable giving, employees enjoy competitive salaries, hybrid working options, and opportunities for professional qualifications, all within a supportive environment that values diversity and ambition.
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Contact Detail:

Ecclesiastical Insurance Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Account Executive

✨Tip Number 1

Familiarise yourself with the insurance industry, particularly in areas like Farm & Estate and Commercial sectors. Understanding the specific needs and challenges of these markets will help you engage more effectively with potential clients.

✨Tip Number 2

Network with professionals in the insurance field, especially those who have experience in broking. Attend industry events or join relevant online forums to build connections that could lead to referrals or insights about the role.

✨Tip Number 3

Develop your negotiation skills by practising with peers or through role-playing scenarios. Being able to negotiate effectively with underwriters is crucial for securing the best policies for your clients.

✨Tip Number 4

Research Lycetts Insurance Brokers and their values. Understanding their commitment to charity and community can help you align your personal values with theirs, making you a more attractive candidate.

We think you need these skills to ace Account Executive

Relationship Management
Negotiation Skills
Client Retention Strategies
Business Development
Insurance Knowledge
Claims Management
Communication Skills
Customer Service Excellence
Strategic Insight
Compliance Awareness
Problem-Solving Skills
Presentation Skills
Time Management
Adaptability

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in insurance, client management, and negotiation skills. Use specific examples that demonstrate your ability to build relationships and achieve targets.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your positive attitude and problem-solving skills align with their values and the responsibilities of the Account Executive position.

Showcase Relevant Experience: If you have previous broking or insurance experience, be sure to detail this in your application. Highlight any achievements or projects that showcase your ability to manage client relationships and drive business growth.

Research the Company Culture: Familiarise yourself with Lycetts Insurance Brokers and Benefact Group's commitment to sustainability and community. Reflect this understanding in your application to show that you are a good cultural fit for their team.

How to prepare for a job interview at Ecclesiastical Insurance Group

✨Research the Company

Before your interview, take some time to learn about Lycetts Insurance Brokers and the Benefact Group. Understand their values, mission, and recent achievements. This will help you tailor your answers and show that you're genuinely interested in being part of their team.

✨Demonstrate Relationship Management Skills

As an Account Executive, strong relationship management is key. Prepare examples from your past experiences where you've successfully built and maintained client relationships. Highlight your communication skills and how you handle difficult situations with clients.

✨Showcase Your Negotiation Skills

Negotiating with underwriters is a crucial part of the role. Be ready to discuss any relevant experiences where you've negotiated terms or prices. You might even want to role-play a negotiation scenario to demonstrate your approach during the interview.

✨Prepare Questions for the Interviewer

At the end of the interview, you'll likely have the chance to ask questions. Prepare thoughtful questions that reflect your interest in the role and the company, such as inquiries about their approach to client retention or opportunities for professional development.

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