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- Tasks: Drive new business and manage client relationships in a dynamic insurance environment.
- Company: Forward-thinking insurance firm in Newbury with a market-leading service model.
- Benefits: Negotiable salary, 25 days holiday, pension, and professional development support.
- Why this job: Join a team of top insurance professionals and make a real impact on client success.
- Qualifications: 5+ years in commercial insurance and strong relationship management skills.
- Other info: Enjoy autonomy, stability, and excellent career growth opportunities.
The predicted salary is between 40000 - 50000 £ per year.
We are currently looking for a Commercial Account Executive to join our professional and forward-thinking office in Newbury. This role requires a good understanding of client business operations, opportunities, risks, and their approach to risk management and insurance. In addition, you will need proven experience in the offer and presentation of complex commercial insurances to secure renewal or new business elements to a client's programme. Relationship management and client service techniques are key to this role. Annual targets revolve around maintaining and achieving income growth on the account via the expansion of your client portfolio and from any new business.
The company is looking to the future and prides itself on having a market-leading client service model and a long list of products it can access. The office team consists of some of the best insurance minds and personalities in the area. Experience of broking from within a variety of business sectors is welcomed, and in return, you will receive a career with opportunities, autonomy, stability, and good financial rewards.
The day to day:
- Achieve new business & renewal targets
- Engage with marketing strategy and promptly act on leads.
- Develop introducer relationships
- Generate own leads and effectively manage new business pipeline
- Generate cross-selling leads for other departments according to target.
- Manage ongoing relationships with existing clients ensuring high levels of customer service are provided.
- Look to expand account by identifying additional sales opportunities with existing clients
- Attend client visits and complete relevant fact-finding documents in respect of new business.
- Renewal business, review last year's documentation or client register (where applicable) along with current fact-find documentation with the client, updating facts, figures, and requirements.
- Review demands and needs of clients and advise on the most appropriate insurances to meet these.
- Prepare broking notes for new business cases and work with AH to update renewal notes
- Agree broking strategy with broking support and assist in the process where needed.
- Review the broking exercise and complete final negotiations with underwriters when needed.
- Produce closing instruction in line with company procedures and pass to AH for processing.
What's on offer:
- A negotiable basic salary + all the normal benefits (25 days holiday + Bank Holidays, Pension, Death in Service etc.)
- Access to both Flexible benefits and our annual share save scheme (15% discount on BRO shares post probation).
- Full support for your professional development (including fully funded qualifications)
Your Experience:
- Requirement of at least 5+ years commercial insurance experience
- Ability to handle new business enquiries, renewals, and midterm adjustments of various insurance policies
- Good understanding of commercial insurance products and options
- Acturis insurance broking software knowledge is an advantage
- Commitment to progress towards Cert CII
- Possession of a full driving licence
Commercial Account Executive in Newbury employer: Brown & Brown (Europe)
Contact Detail:
Brown & Brown (Europe) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Account Executive in Newbury
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant groups. The more people you know, the better your chances of landing that Commercial Account Executive role.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers, make sure to highlight your experience in handling complex commercial insurances. Share specific examples of how you've successfully managed client relationships and achieved targets.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out directly to companies you admire, like us at StudySmarter, and express your interest in working with them. You never know when an opportunity might arise!
✨Tip Number 4
Prepare for interviews by researching the company and its products. Understand their client service model and be ready to discuss how you can contribute to their growth. And remember, apply through our website for a smoother process!
We think you need these skills to ace Commercial Account Executive in Newbury
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Commercial Account Executive role. Highlight your experience in managing client relationships and handling complex commercial insurances, as these are key aspects of the job.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to showcase your understanding of client business operations and your approach to risk management. Make it personal and engaging to grab our attention.
Showcase Your Achievements: Don’t just list your responsibilities; highlight your achievements! Whether it’s meeting targets or expanding client portfolios, we want to see how you’ve made an impact in your previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Brown & Brown (Europe)
✨Know Your Stuff
Make sure you have a solid understanding of commercial insurance products and the specific needs of clients. Brush up on your knowledge of risk management and how it applies to different business sectors. This will help you answer questions confidently and show that you're the right fit for the role.
✨Showcase Your Relationship Skills
Since relationship management is key, be prepared to discuss your experience in building and maintaining client relationships. Think of specific examples where you've successfully managed client expectations or turned a challenging situation into a positive outcome. This will demonstrate your ability to provide excellent customer service.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills and approach to client needs. Practice articulating how you would handle various situations, such as negotiating with underwriters or identifying additional sales opportunities. This will showcase your strategic thinking and adaptability.
✨Be Ready to Discuss Targets
Since achieving new business and renewal targets is crucial, come prepared to talk about your past successes in meeting or exceeding targets. Use specific metrics or examples to illustrate your achievements. This will highlight your results-driven mindset and align with the company's goals.