At a Glance
- Tasks: Engage with businesses to design tailored insurance solutions and drive new business development.
- Company: Join a fast-growing, supportive insurance broker in Newport with a meritocratic culture.
- Benefits: Negotiable salary, monthly bonuses, pension, and additional perks.
- Other info: Enjoy a dynamic work environment with opportunities for long-term growth.
- Why this job: Make a real impact by helping clients protect their assets while growing your career.
- Qualifications: Experience in commercial insurance broking and a passion for new business development.
The predicted salary is between 30000 - 40000 £ per year.
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
We are currently looking for a Commercial Development/Account Executive to join the established and welcoming broking team in Newport. Newport is one of Brown & Brown’s fastest growing retail insurance brokers locations with a strong record of providing support and success for all that join them.
In short your role will be to understand and approach businesses in terms of their insurance requirements and to design and administer insurance solutions for the protection of their material assets and liabilities. Developing and retaining business you will have access to a wide range of market leading wholesale and inhouse underwriters to competitively place various types of commercial insurance. You will need commercial insurance broking experience and new business development skills alongside a desire to grow a book of business.
Support is provided by telemarketing services, dedicated claims handling teams, databases, account handlers, access to leading insurance products and networks. It comes with a generous commission structure, based out of the Newport office. This is a position that provides a good long term platform to service clients and win new business, backed by an international insurance broker presence with market agreements and scale.
The day to day:
- Deliver against agreed targets and plans.
- New Business Quotations, Renewals and MTA’s - drive sales and service excellence & retain existing commercial book.
- Typical classes of insurance broking cover Liabilities, PI Combined, Commercial Combined, Property Owners, Cyber Liability, D&O, Fleets, Motor Trade, plus others.
- Creating a customer-led culture where sales and customer standards, discipline, activities and best practice are delivered.
- Ensure you are meeting FCA regulatory requirements.
- Able to build long standing relationships with insurers and clients.
- Seeking best policy for the customer whilst protecting the insurer.
- Prioritise time and attention on high value activities.
- Select the best course of action based on the available information.
What’s on offer:
- Negotiable salary package.
- Achievable performance related bonus paid monthly.
- Additional benefits (e.g. Pension, Death in Service, Discounts, Holiday).
Your Experience:
- Relevant commercial insurance broking industry experience.
- Desire to win new business, handle renewals and MTA’s for a range of insurance risks.
- Knowledge of company industry types and operating conditions.
- Ability to develop and maintain client relationships.
- Excellent interpersonal, written and verbal communication skills.
- Confident in creating compelling market insurance presentations.
- Pro-active and self-motivated.
- Planning and organisation skills to meet deadlines.
- Attention to detail.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
Development Executive in Newport employer: Bridge Specialty Group
As a Delegated Authority Technician in our London office, you will thrive in a meritocratic environment that champions self-starters and prioritises customer satisfaction. Our supportive work culture fosters collaboration and offers ample opportunities for professional growth, ensuring you can develop your skills while contributing to the effective management of underwriting agreements. With competitive benefits and a commitment to diversity, we provide a rewarding workplace where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Development Executive in Newport
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry. Attend events, join online forums, or even reach out on LinkedIn. The more connections you make, the better your chances of landing that Development Executive role.
✨Tip Number 2
Practice your pitch! You need to be able to sell yourself just like you would sell an insurance policy. Prepare a short, engaging introduction about who you are and what you bring to the table. This will help you stand out when meeting potential employers.
✨Tip Number 3
Research the company! Before any interview, dive deep into the company's culture, values, and recent news. This shows you're genuinely interested and helps you tailor your answers to align with their goals, especially in a customer-focused environment.
✨Tip Number 4
Don’t forget to follow up! After interviews or networking events, send a quick thank-you email. It keeps you fresh in their minds and shows your enthusiasm for the role. Plus, it’s a great way to reinforce those long-standing relationships you’re aiming to build!
We think you need these skills to ace Development Executive in Newport
Some tips for your application 🫡
Show Your Passion:When writing your application, let your enthusiasm for the role shine through! We love seeing candidates who are genuinely excited about the opportunity to join our team and make a difference in the insurance world.
Tailor Your CV:Make sure to customise your CV to highlight your relevant experience in commercial insurance broking. We want to see how your skills align with what we’re looking for, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to tell us why you’re the perfect fit for the Development Executive role. Be sure to mention specific examples of how you’ve successfully developed business and built client relationships in the past.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at Bridge Specialty Group
✨Know Your Insurance Stuff
Make sure you brush up on your commercial insurance knowledge before the interview. Understand the different types of coverages like Liabilities, Cyber Liability, and D&O. Being able to discuss these confidently will show that you're serious about the role.
✨Show Off Your Sales Skills
Prepare examples of how you've successfully developed new business in the past. Think about specific strategies you used to win clients and retain existing ones. This will demonstrate your ability to drive sales and service excellence.
✨Build Rapport with Interviewers
Remember, this role is all about relationships. Practice building rapport during the interview by being personable and engaging. Ask questions about their team culture and how they support each other in achieving targets.
✨Be Ready for Scenario Questions
Expect to be asked how you would handle certain situations, like dealing with a difficult client or prioritising tasks. Prepare some scenarios from your past experience where you successfully navigated challenges, showcasing your problem-solving skills.
