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- Tasks: Engage with businesses to tailor insurance solutions and manage client relationships.
- Company: Join a professional team at an international insurance broker in Swansea.
- Benefits: Enjoy a negotiable salary, performance bonuses, and additional perks like discounts and holidays.
- Why this job: This role offers growth opportunities and a chance to make a real impact in the insurance sector.
- Qualifications: Experience in commercial insurance broking and strong communication skills are essential.
- Other info: Support provided by dedicated teams and access to leading insurance products.
The predicted salary is between 28800 - 43200 £ per year.
We are currently looking for a Commercial Account Executive to join the welcoming and professional team in Swansea.
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, managing and retaining business you will have access to a wide range of insurers, MGAs and in-house underwriters to competitively place various types of commercial insurance.
Support is provided by telemarketing services, dedicated claims handling teams, databases, account handlers, access to leading insurance products and networks. Commercial insurance broking experience and business development skills are key with a desire to grow an existing book of business. You will be versed in New Business, Renewals, MTAs, Claims, Premium Financing across a wide variety of commercial insurance classes from Financial Risks to Casualty Risks for various trades and business sectors.
This is a position that provides a 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 MTAs - 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 MTAs 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.
- Co-operative and supportive team player.
Commercial Development Executive employer: Brown & Brown (Europe)
Contact Detail:
Brown & Brown (Europe) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Development Executive
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in commercial broking. Attend local events or join online forums to connect with potential colleagues and clients, which can help you gain insights into the role and the company culture.
✨Tip Number 2
Familiarise yourself with the latest trends and regulations in commercial insurance. This knowledge will not only boost your confidence during interviews but also demonstrate your commitment to staying informed and relevant in the field.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully developed and maintained client relationships in previous roles. Highlighting your experience in handling new business and renewals will show that you're ready to hit the ground running.
✨Tip Number 4
Research StudySmarter and our approach to commercial insurance. Understanding our values and how we operate will allow you to tailor your conversations and show how you can contribute to our team effectively.
We think you need these skills to ace Commercial Development Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial insurance broking and business development. Use specific examples that demonstrate your ability to manage client relationships and drive sales.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your experience with new business quotations, renewals, and your approach to building long-term client relationships.
Highlight Key Skills: In your application, emphasise your interpersonal, written, and verbal communication skills. Provide examples of how you've successfully created market insurance presentations or handled complex insurance requirements.
Showcase Your Motivation: Express your desire to grow an existing book of business and your proactive approach to winning new clients. This will demonstrate your alignment with the company's goals and culture.
How to prepare for a job interview at Brown & Brown (Europe)
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of commercial insurance products and the specific types mentioned in the job description. Understanding terms like MTA's, D&O, and Cyber Liability will show that you're serious about the role.
✨Demonstrate Your Sales Skills
Prepare to discuss your previous experience in business development and how you've successfully driven sales in the past. Be ready with examples that highlight your ability to win new business and retain existing clients.
✨Showcase Relationship Building
This role requires strong relationship management skills. Think of instances where you've built long-lasting relationships with clients or insurers and be prepared to share these stories during the interview.
✨Prepare for Regulatory Questions
Since the role involves meeting FCA regulatory requirements, be ready to discuss your understanding of these regulations and how you ensure compliance in your work. This will demonstrate your professionalism and attention to detail.
