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For Companies At a Glance
- Tasks: Join our team to design and manage insurance solutions for businesses.
- Company: We're a fast-growing retail insurance broker in Newport, known for our supportive culture.
- Benefits: Enjoy a negotiable salary, performance bonuses, and additional perks like discounts and holidays.
- Why this job: This role offers a chance to build client relationships and grow your career in a dynamic environment.
- Qualifications: Experience in commercial insurance broking and a passion for new business development are essential.
- Other info: You'll have access to top-tier underwriters and support services to help you succeed.
The predicted salary is between 36000 - 60000 £ per year.
Read all the information about this opportunity carefully, then use the application button below to send your CV and application.
Location – Newport, Wales
Salary – Negotiable + Bonus
We are currently looking for a Commercial Development/Account Executive to join the established and welcoming broking team in Newport. Our Newport office is one of the fastest growing retail insurance brokers with a strong record of providing support and success for all that join them. In short 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 wide range of market leading wholesale and inhouse underwriters to competitively place various types of 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, based out of the Newport 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).
Your Experience:
- Relevant commercial insurance broking industry experience.
- Desire to win new business, handle renewals and MTA’s 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.
Commercial Development Executive employer: Brown & Brown UK
Contact Detail:
Brown & Brown UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Development Executive
✨Tip Number 1
Familiarise yourself with the specific types of commercial insurance mentioned in the job description, such as Cyber Liability and D&O. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience in commercial broking. Attend relevant events or join online forums to gain insights and potentially get referrals that could help you land the job.
✨Tip Number 3
Prepare to discuss your previous successes in new business development and client retention. Have specific examples ready that demonstrate your ability to meet targets and build long-lasting relationships, as these are key aspects of the role.
✨Tip Number 4
Research StudySmarter and our values, particularly how we support our employees in their professional growth. Being able to articulate why you want to work with us and how you align with our mission can set you apart from other candidates.
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 commercial insurance broking experience and new business development skills. Use specific examples that demonstrate your ability to meet targets and build client relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your desire to grow a book of business and how your skills align with their needs, particularly in delivering sales and service excellence.
Highlight Relevant Skills: In your application, emphasise your excellent interpersonal, written, and verbal communication skills. Provide examples of how you've created compelling market insurance presentations or successfully handled renewals and MTA’s.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. Attention to detail is crucial in this industry, so ensure your application reflects that.
How to prepare for a job interview at Brown & Brown UK
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of commercial insurance products, especially those mentioned in the job description like Cyber Liability and D&O. Being able to discuss these confidently will show your expertise and readiness for the role.
✨Demonstrate Your Sales Skills
Prepare examples of how you've successfully developed new business or retained existing clients in previous roles. Highlighting your sales achievements will be crucial, as this position focuses heavily on driving sales and service excellence.
✨Showcase Relationship Building
Be ready to discuss how you've built long-standing relationships with clients and insurers in the past. This role requires strong interpersonal skills, so sharing specific examples will help illustrate your ability to connect and maintain those relationships.
✨Prepare Questions
Think of insightful questions to ask about the company culture, team dynamics, and growth opportunities within the role. This shows your genuine interest in the position and helps you assess if it's the right fit for you.
