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For Companies At a Glance
- Tasks: Manage client relationships and develop new business in the insurance sector.
- Company: Dynamic insurance firm offering a hybrid working environment.
- Benefits: Attractive salary, performance bonuses, and flexible work arrangements.
- Why this job: Join a leading company and make a real impact in the insurance industry.
- Qualifications: 10+ years in account management with a strong sales track record.
- Other info: Opportunity for travel and engagement with industry leaders.
The predicted salary is between 110000 - 120000 £ per year.
Hybrid role UK wide £110K - £120K + 15% Variable + 20% Bonus
About the Job you are Considering:
Our client is currently searching for an Insurance Account Executive. This position is a client-facing role in the insurance industry responsible for managing relationships with existing clients and developing new business. The position combines sales, account management, and advisory functions.
Hybrid working: The places that you work from day to day will vary according to your role, your needs, and those of the business; it will be a blend of Company offices, client sites, and your home; noting that you will be unable to work at home 100% of the time.
If you are successfully offered this position, you will go through a series of pre-employment checks, including: identity, nationality (single or dual) or immigration status, employment history going back 3 continuous years, and unspent criminal record check (known as Disclosure and Barring Service).
Your Role:
Our client is seeking an ambitious Account Executive for their Insurance Market Unit in the UK. This is a permanent, full-time role based in London, but travel will be required on a regular basis to the designated clients relating to this role. There may also be an infrequent travel requirement to other UK, European and rest of the world based on business requirements.
Your Skills & Experience:
- The Account Executive is responsible for ongoing account management and development of new opportunities for the Insurance market unit.
- Specific responsibilities include:
- Being responsible for the development and annual growth of the account(s)
- Development and successful execution of the account(s) strategies
- Developing client intimacy enabling delivery of proactive propositions
- Coordinate the marketing, sales, delivery, and subject matter expertise capabilities required to grow the account
- Sell and deliver within the account, adhering to approved revenue and contribution margin guidelines.
- Work with sales team to develop and drive service offerings and campaigns to develop new business
- Oversight of project teams working on accounts, and accountable for overall account success
- Develop and maintain executive-level client relationships
- Engage with industry leaders, insurtechs and alliances to evaluate joint propositions
Qualifications:
- 10+ years of account management experience mainly within Financial Services
- Good understanding of the general insurance market in motor and home, commercial property and casualty will be advantageous
- Proven track record of sales showing annual incremental growth and profitability
- Ability to shape go-to-market / penetration strategies
- Proven ability to leverage and explore wider partnerships to drive growth and create value for clients with a strong C-level network.
- Understand technology trends and adapt them to meet clients' needs and business goals.
- Understanding of working in a Global delivery model.
Account Executive - Insurance Sector in London employer: Absolute Applications
Contact Detail:
Absolute Applications Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Account Executive - Insurance Sector in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at events. The more people you know, the better your chances of landing that Account Executive gig.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers, share your insights about the insurance market. It’ll show them you’re not just another candidate, but someone who knows their stuff.
✨Tip Number 3
Prepare for those interviews! Research the company and come armed with questions that show you’re genuinely interested in their business. This will help you stand out from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you ace your job search and land that dream role in the insurance sector.
We think you need these skills to ace Account Executive - Insurance Sector in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of an Insurance Account Executive. Highlight your experience in account management and sales, especially within the financial services sector. We want to see how your skills align with the job description!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of how you've developed client relationships and driven growth in previous positions. Let us see your passion for the insurance industry!
Showcase Your Achievements: When detailing your experience, focus on your achievements rather than just responsibilities. Use numbers and percentages to quantify your success in sales and account management. We love seeing concrete evidence of your impact!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Let’s get your journey started!
How to prepare for a job interview at Absolute Applications
✨Know Your Stuff
Make sure you brush up on your knowledge of the insurance market, especially in areas like motor and home insurance. Familiarise yourself with current trends and challenges in the industry, as well as the specific company’s offerings. This will show that you're not just interested in the role, but also genuinely engaged with the sector.
✨Showcase Your Relationships
Since this role involves managing client relationships, be prepared to discuss your past experiences in building and maintaining these connections. Have specific examples ready that highlight your ability to develop client intimacy and how you've successfully executed account strategies in the past.
✨Demonstrate Your Sales Acumen
Be ready to talk about your sales achievements and how you've driven growth in previous roles. Use metrics to back up your claims, such as percentage increases in revenue or successful campaigns you've led. This will help illustrate your proven track record and ability to contribute to the company's success.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills and strategic thinking. Think about potential challenges you might encounter in the role and how you would address them. This will demonstrate your proactive approach and readiness to tackle the responsibilities of the position.