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For Companies At a Glance
- Tasks: Join our team to handle commercial business and convert new enquiries into clients.
- Company: We provide top-notch insurance products to clients across the UK with a focus on customer needs.
- Benefits: Enjoy a negotiable salary, bonus structure, hybrid working, and various perks like pension and holidays.
- Why this job: Be part of a forward-thinking team with industry experts and a strong client service model.
- Qualifications: Experience in commercial insurance and knowledge of relevant products is essential; driving licence required.
- Other info: Opportunity for personal growth and collaboration within a dynamic office environment.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Position – Commercial New Business Executive
Location – Orpington
Salary – Negotiable + Bonus + Benefits
Overview
We are looking for an experienced commercial insurance new business executive to join the welcoming and forward thinking team in Orpington.
We offer high quality, specialist products to Personal and Commercial clients throughout the UK. We continue to maintain industry leading new business and renewal retention rates by focusing on the precise needs of our customers.
The position of Commercial New Business Executive will suit someone with a Broker / Insurer background, wide range of Commercial product knowledge and a proven track record of achieving targets and developing new client prospects.
The company is looking to the future and prides itself on having a market leading client service model and a long list of insurers and products it can access. The office team consists of some of the best insurance minds and personalities in the area.
The day to day;
- Working in the Commercial New Business team handling all types of commercial business, liaising with insurers and clients.
- Following up warm leads generated through our outbound team and responding to new, inbound enquiries.
- Converting new business enquires in line with or in excess of company targets.
- Checking and comparing cover and have a good understanding of policy conditions and warranties.
- Working closely with our marketing department to covert opportunities.
- Following up on leads and identifying client needs.
- Proactivity, building pipelines and researching trade sectors.
- Build rapport and maintain long-lasting client relationships.Create a develop market/insurer relationships.
- Building internal inter-departmental relationships to promote collaboration.Highlighting client exposures and upselling products.
- Incoming and outbound call handling.
- Data input (knowledge of Open GI would be preferrable).
- Managing personal workflow effectively and efficiently; raising any issues in a timely manner to the manager.
- Meeting with clients and host a client meeting (preferrable).
- Sharing ideas or suggestions for business improvement with management.
- Assisting colleagues with workflow issues.
What's on offer;
- Negotiable basic salary
- Bonus Structure
- Wide range of additional addon benefits and discounts (Pension, Holiday etc)
- Hybrid working available
Your Experience:
- Commercial insurance new business experience of SME Package, Commercial Combined, Combined Liability, CAR, Property Owners.
- New business enquiries/generation.
- Good understanding of insurance products and options.
- Acturis insurance broking software knowledge is an advantage.
- Possession of a full driving licence.
Commercial New Business Executive employer: Brown & Brown (Europe)
Contact Detail:
Brown & Brown (Europe) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial New Business Executive
✨Tip Number 1
Familiarise yourself with the latest trends in commercial insurance, especially regarding SME packages and combined liability. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the industry.
✨Tip Number 2
Network with professionals in the insurance sector, particularly those who have experience as brokers or insurers. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully generated new business in the past. Highlight your ability to build rapport with clients and your strategies for upselling products, as these are key aspects of the role.
✨Tip Number 4
Research StudySmarter's values and client service model thoroughly. Understanding our approach will allow you to align your answers with our company culture during the interview, showcasing why you're a great fit for the team.
We think you need these skills to ace Commercial New Business Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial insurance and any relevant achievements. Use specific examples that demonstrate your ability to meet targets and develop client relationships.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the Commercial New Business Executive role. Emphasise your broker/insurer background and how it aligns with the company's focus on client needs.
Showcase Relevant Skills: In your application, clearly outline your knowledge of commercial products and any experience with insurance software like Open GI or Acturis. Highlight your proactive approach to building pipelines and client relationships.
Follow Up: After submitting your application, consider following up with a polite email expressing your continued interest in the position. This shows initiative and can help keep your application top of mind.
How to prepare for a job interview at Brown & Brown (Europe)
✨Showcase Your Industry Knowledge
Make sure to brush up on your knowledge of commercial insurance products, especially SME Package and Commercial Combined. Being able to discuss specific products and their benefits will demonstrate your expertise and suitability for the role.
✨Prepare for Scenario Questions
Expect questions that assess how you would handle various client scenarios. Think about past experiences where you've successfully converted leads or built client relationships, and be ready to share these examples.
✨Highlight Your Proactivity
The role requires a proactive approach to building pipelines and identifying client needs. Be prepared to discuss how you've previously taken initiative in your roles, whether through lead generation or upselling products.
✨Demonstrate Team Collaboration Skills
Since the position involves working closely with marketing and other departments, be ready to talk about your experience in collaborating with different teams. Share examples of how you've contributed to team success in previous roles.
