At a Glance
- Tasks: Engage with businesses to design tailored insurance solutions and drive new business development.
- Company: Dynamic international insurance broker with a supportive and diverse culture.
- Benefits: Negotiable salary, performance bonuses, flexible working, and additional perks.
- Other info: Great long-term career growth opportunities in a collaborative environment.
- Why this job: Join a thriving team and make a real impact in the insurance industry.
- Qualifications: Experience in commercial insurance broking and strong relationship-building skills.
The predicted salary is between 40000 - 50000 £ 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 London. 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 range of market leading wholesale and inhouse underwriters to competitively place 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, hybrid working if required but ideally based out of the London 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).
- Access to both Flexible benefits and our annual share save scheme (15% discount on BRO shares post probation).
Your Experience:
- Relevant commercial insurance broking industry experience.
- Desire to win new business, with some renewals and MTA’s.
- 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.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
Development Executive employer: Brown & Brown, Inc.
As a Development Executive in our London office, you will thrive in a meritocratic environment that champions self-starters and prioritises customer satisfaction. Our supportive work culture, combined with access to leading insurance products and a generous commission structure, ensures that you have the tools and opportunities for professional growth and success. With flexible working options and a commitment to diversity, we offer a rewarding career path in the dynamic field of commercial insurance broking.
StudySmarter Expert Advice🤫
We think this is how you could land Development Executive
✨Network Like a Pro
Get out there and connect with people in the industry! Attend networking events, join relevant online groups, and don’t be shy about reaching out to potential contacts on LinkedIn. Remember, it’s all about who you know!
✨Ace the Informational Interview
Set up informal chats with professionals in the insurance broking field. This is your chance to learn more about the role and the company culture while showcasing your enthusiasm and knowledge. Plus, it could lead to job opportunities down the line!
✨Showcase Your Skills
Prepare a portfolio or case studies that highlight your previous successes in commercial insurance broking. Use real examples to demonstrate how you’ve driven sales and built client relationships. This will set you apart from other candidates!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage with us directly.
We think you need these skills to ace Development Executive
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Development Executive role. Highlight your commercial insurance broking experience and any new business development skills you've got. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills align with what we're looking for. Remember, we love self-starters who are committed to doing what's best for customers.
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Whether it's hitting sales targets or building strong client relationships, we want to know 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’s the best way for us to receive your application and get you on our radar quickly. We can't wait to hear from you!
How to prepare for a job interview at Brown & Brown, Inc.
✨Know Your Insurance Stuff
Make sure you brush up on your commercial insurance knowledge before the interview. Understand the different types of coverages like Cyber Liability and D&O, and be ready to discuss how they apply to potential clients. This will show that you're not just a candidate, but someone who can hit the ground running.
✨Showcase Your Sales Skills
Prepare to talk about your previous successes in new business development. Have specific examples ready that highlight how you've driven sales and retained clients. This is your chance to demonstrate that you can deliver against targets and contribute to the company's growth.
✨Build Rapport with Interviewers
Remember, interviews are as much about personality as they are about skills. Be friendly and approachable, and try to build a connection with your interviewers. Ask them about their experiences at the company and share your enthusiasm for the role and the team.
✨Prepare Questions
Have a list of thoughtful questions ready to ask at the end of the interview. Inquire about the company culture, the support provided for new business development, or how success is measured in the role. This shows that you're genuinely interested and have done your homework.
