At a Glance
- Tasks: Renew and expand client insurance policies while providing top-notch customer service.
- Company: Join First Insurance, part of Brown & Brown UK, in a meritocratic culture.
- Benefits: Enjoy competitive pay, career growth, and a supportive team environment.
- Other info: Dynamic role with opportunities to learn and grow in the insurance industry.
- Why this job: Make a real difference by helping clients secure the best insurance solutions.
- Qualifications: Experience in customer service and a passion for insurance is a plus.
The predicted salary is between 27000 - 33000 £ per year.
First Insurance, a valued member of Brown & Brown UK, are looking to recruit an experienced Renewals Executive to join their team. The successful applicant will play a key role in supporting the growth of the Company, by proactively ensuring all renewals allocated are renewed in a correct and accurate manner. They will also be tasked with providing an excellent customer experience and specialist advice in line with Company values, and undertaking accurate administrative tasks.
JOB OBJECTIVE: The role of the renewal executive is to retain and expand the existing book of business and to advise on the most appropriate insurance to meet the client’s needs.
SPECIFIC DUTIES AND RESPONSIBILITIES:
- Responsible for renewing your own book of business each month (approx. 20+ clients, which are both client facing and telephone based).
- Accurately completes administrative tasks such as issuing documents to the client, diary management, checking proposal documents, renewals re-broking, setting up policy records, creating client schedules, and handling insurer and client queries.
- Sell the benefits of renewal to clients.
- Achieve income targets whilst adhering to FCA compliance obligations.
- The achievement of retention targets alongside income targets.
- Provide quotes for existing clients generating new business e.g. excess layers, cross selling additional policies.
- Making contact with clients when their policy falls due for renewal, ensuring that any cover or policy changes are actioned along with the completion of a full market search to obtain the most competitive product.
- To administer the renewal from the initial review, through to market search, quotation, closing of sale, issuing of cover and follow up documentation requests.
- Negotiating insurance rates with clients and underwriters and to trade with insurers to maximise income potential.
- Manage incoming enquiries, for example mid-term adjustments, deal with the request or direct them to relevant departments.
- Deliver exceptional levels of customer service at all times.
- General administration work: Prioritise all client communication (via phone, email and in person) to ensure the customer receives a high level of customer service.
- To ensure accuracy, efficiency and professionalism when dealing with internal and external clients, including both colleagues and insurers.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
New Business Executive in Maidstone employer: Brown & Brown, Inc.
Brown & Brown, Inc. is an excellent employer that values its employees by fostering a supportive work culture and providing ample opportunities for professional growth. Located in Borehamwood, the company offers competitive benefits including 23 days of holiday and private health care, ensuring a healthy work-life balance while empowering team members to excel in their roles.
StudySmarter Expert Advice🤫
We think this is how you could land New Business Executive in Maidstone
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Brown & Brown, Inc.. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace New Business Executive in Maidstone
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Brown & Brown, Inc..
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Brown & Brown, Inc.'s website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Brown & Brown, Inc.
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Brown & Brown, Inc..
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Brown & Brown, Inc. will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Brown & Brown, Inc. employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
