Commercial New Business Executive

Commercial New Business Executive

Full-Time 41850 - 51150 £ / year (est.) On-site
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At a Glance

  • Tasks: Drive new business by connecting with clients and winning opportunities.
  • Company: Join Acrisure UK Broking's dynamic Specialist Schemes Division.
  • Benefits: Competitive salary, generous commission structure, and a supportive team.
  • Other info: Enjoy a vibrant office culture with ample growth opportunities.
  • Why this job: Focus on winning clients without the hassle of account servicing.
  • Qualifications: Experience in commercial insurance and a passion for sales.

The predicted salary is between 41850 - 51150 £ per year.

Location: Lutterworth, Leicestershire

Company: Acrisure UK Broking – Specialist Schemes Division

Working Pattern: Office-based, 5 days per week

Salary: Competitive dependent on experience

Bonus: Generous Commission Structure

The Opportunity

Due to continued growth, Acrisure's Specialist Schemes Division in Lutterworth is looking for an ambitious and commercially driven Commercial New Business Executive to join our team. This is a pure new business role for someone who enjoys speaking with prospective clients, developing opportunities and winning business.

You will be joining an established specialist team providing insurance solutions to businesses across sectors including engineering, manufacturing, steel, construction, working at height, lifts and escalators, timber and joinery, and packaging. Importantly, you won't be starting with an empty pipeline. You will receive approximately 250 leads and opportunities each month of varying warmth.

Your focus is simple: Create opportunities. Have quality conversations. Win new clients. Repeat.

What You'll Be Doing

  • Developing & Winning New Business

You will take ownership of new business opportunities from initial contact through to conversion. That will include:

  • Working approximately 250 supplied leads and opportunities each month across varying stages and levels of warmth.
  • Re-engaging previous prospects and lapsed clients.
  • Contacting businesses we've identified but haven't previously quoted.
  • Proactively identifying and researching new prospects within our specialist sectors.
  • Using telephone prospecting to create conversations with business owners and decision-makers.
  • Using LinkedIn to research prospects, build relationships, create visibility and generate new enquiries.
  • Using email and other digital channels as part of a structured prospecting approach.
  • Conducting prospect meetings and presentations through Microsoft Teams.
  • Building and maintaining a strong pipeline of quality opportunities.
  • Following up consistently and professionally until there's a clear outcome.
  • Understanding the prospect's business, risks and insurance requirements.
  • Working with our internal broking and placement teams to develop the right insurance solution.
  • Presenting terms, overcoming objections and asking for the business.
  • Achieving and exceeding agreed new business targets.

You Sell. Our Team Services.

We've deliberately structured the role so that our Commercial New Business Executives can concentrate on winning new business. Once you've successfully brought a client on board, the ongoing servicing of that account is handled by our dedicated teams.

You won't be responsible for:

  • Day-to-day account servicing.
  • Mid-term adjustments.
  • Managing the client's annual renewal.
  • Handling claims.

You will remain an important relationship within the business and will have the opportunity to identify additional needs, but your primary focus remains winning new clients rather than servicing an existing book.

Cross-Selling Across Acrisure

Winning the initial client is only one part of the opportunity. As you get to understand a prospect's business, you'll be encouraged to identify where they may benefit from other expertise available through the wider Acrisure business.

Where appropriate, you'll introduce and refer clients to our Acrisure partners, giving them access to additional specialist services while creating further opportunities across the group.

You will also build relationships with colleagues across Acrisure to encourage reciprocal referrals and generate additional opportunities for our Specialist Schemes Division.

How You'll Develop Business

This is an office-based role in Lutterworth five days per week. Rather than spending large amounts of time travelling to client meetings, we want our New Business Executives focused on conversations, opportunities and selling.

You will use a combination of:

  • Telephone – opening conversations, qualifying opportunities and progressing prospects.
  • Microsoft Teams – conducting virtual client meetings and presentations.
  • LinkedIn – researching prospects, building connections and generating enquiries.
  • Email – supporting conversations and maintaining contact.
  • Supplied leads – actively working the approximately 250 monthly opportunities provided.
  • Self-generated prospecting – identifying businesses and opportunities beyond those already supplied.
  • Referrals – developing opportunities from clients, contacts and the wider Acrisure business.

We want someone who is comfortable using all of these channels rather than relying on one source of business.

What We're Looking For

You will ideally already have experience within commercial insurance in a role such as:

  • Commercial New Business Executive
  • Commercial Account Executive
  • Development Executive
  • Business Development Executive
  • Commercial Broker with strong business development experience

Technical insurance knowledge matters, but your attitude towards new business matters just as much. We're looking for someone who:

  • Has a genuine new business mentality.
  • Enjoys picking up the phone and starting conversations.
  • Is comfortable dealing with both warm opportunities and colder prospects.
  • Can turn a large volume of leads into a properly managed sales pipeline.
  • Has the discipline to consistently follow up opportunities.
  • Is confident talking to business owners, directors and decision-makers.
  • Is comfortable conducting client meetings through Microsoft Teams.
  • Understands how LinkedIn can be used as a genuine business development tool.
  • Isn't solely reliant on supplied leads and is prepared to find opportunities themselves.
  • Can build rapport and credibility quickly.
  • Is resilient and comfortable hearing "no".
  • Is commercially minded and confident asking for the business.
  • Is motivated by targets and the opportunity to increase earnings through performance.
  • Works well as part of a wider broking and sales team.

Skills & Experience

Essential

  • Commercial insurance experience.
  • Good understanding of commercial insurance products and insurer markets.
  • Strong telephone and communication skills.
  • Demonstrable ability to build relationships with commercial clients and prospects.
  • Strong organisation and pipeline management.
  • Self-motivated with a desire to achieve and exceed targets.
  • Comfortable working in an office-based sales environment five days per week.

Desirable

  • Proven track record of winning commercial insurance business.
  • Experience in telephone-led new business development.
  • Experience using LinkedIn for prospecting and business development.
  • Cert CII qualification or willingness to work towards professional qualifications.
  • Experience within engineering, manufacturing, construction or other technically complex commercial risks.

Why Join Us?

Our Lutterworth operation is Acrisure's Specialist Schemes Division, with established propositions including EngSure, SteelSure, TimberSure, HeightSure, LiftSure and PackageSure. You will have established specialist propositions to take to market, an experienced insurance team behind you and approximately 250 supplied opportunities each month to work alongside the business you generate yourself.

Once you've won a client, you aren't pulled away from selling to spend your time processing MTAs, administering renewals or dealing with claims. You win the business. Our wider team looks after it. You get back to winning.

For someone who genuinely enjoys new business, wants to build a successful sales career within commercial insurance and wants their earnings to reflect what they achieve, this is a significant opportunity within a growing part of Acrisure.

Commercial New Business Executive employer: Acrisure, LLC

Acrisure is an exceptional employer, offering a dynamic work environment in London that fosters innovation and collaboration. With a strong focus on employee growth, we provide numerous opportunities for professional development within the rapidly evolving Fintech sector. Our entrepreneurial culture encourages creativity and client-centric solutions, making Acrisure a rewarding place to build a meaningful career.

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Contact Details:

Acrisure, LLC Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Commercial New Business Executive

✨Leverage Your Network

In sales and business development, who you know can often be as important as what you know. Get involved with local networking events or industry meetups to connect with key players. Don't be shy—share your passion for the field and let folks know you're on the lookout for opportunities!

✨Show Your Skills Through Real-World Results

When targeting a full-time role like Commercial New Business Executive at Acrisure, LLC, presenting tangible results from your previous sales experience can set you apart. Bring along case studies or examples of how you've closed deals or expanded accounts, and don't forget to showcase your problem-solving prowess. It’s all about quantifying your success!

✨Engage with Sales Communities

Dive deep into online sales communities, like Sales Hacker or LinkedIn groups dedicated to sales professionals. Engaging in discussions and sharing insights can boost your visibility and might just put you on the radar of hiring managers looking for fresh talent in business development.

✨Direct Applications Matter

While we all know the online application route, consider sending direct applications to companies you admire, including Acrisure, LLC. Tailor your message to explain why you’re drawn to them and how you can contribute as a Commercial New Business Executive. Sometimes, a personal touch can grab attention faster than a generic application!

We think you need these skills to ace Commercial New Business Executive

Commercial Insurance Experience
Telephone Prospecting
Lead Generation
Relationship Building
Pipeline Management
Communication Skills
Microsoft Teams Proficiency

Some tips for your application 🫡

Show Off Those Sales Skills:In your CV and cover letter, highlight any previous sales or business development experience you have. Use numbers and examples to showcase your achievements – did you exceed sales targets or bring in new clients? Make those accomplishments shine!

Tailor Your Message for Acrisure, LLC:When writing your cover letter, make sure to tailor your message specifically for Acrisure, LLC. Show that you know the company’s mission and how your skills align with their goals in the sales landscape. This personalised touch will grab their attention!

Keep It Professional Yet Engaging:Sales is all about relationships, so while you want to maintain professionalism in your application, don’t be afraid to let your personality shine through. Engage the reader and demonstrate your enthusiastic approach to sales and business development!

Proof of Performance:Include any relevant certifications or training you’ve undertaken in sales or negotiation tactics. If you’ve attended workshops or courses, list these to showcase your commitment to professional development. This extra touch can set you apart from the competition!

How to prepare for a job interview at Acrisure, LLC

✨Know Your Sales Methodologies

Brush up on popular sales methodologies like SPIN Selling or Challenger Sales. Being able to discuss these techniques and how you've applied them will show Acrisure, LLC that you understand the role and can hit the ground running in the sales game.

✨Demonstrate Your Deal-Making Skills

Prepare to share stories from your past experiences where you closed deals, overcame objections, or started new client relationships. We want to show Acrisure, LLC that you’re not just about numbers but also about building lasting connections in business development.

✨Prepare for Role-Play Scenarios

In a full-time sales interview, don’t be surprised if they throw in a role-play exercise to test your pitching skills. Practising how you would pitch a product or handle an objection will help us shine in this simulation—think of it like a dress rehearsal for your future sales calls!

✨Align Your Goals with the Company’s Vision

Take a moment to reflect on how your career ambitions align with Acrisure, LLC’s objectives. When we articulate how our personal growth ties in with the company’s goals, it shows commitment and a genuine interest in contributing to their success.